The electoral roll is a list of everybody who is registered to vote in the UK, and the three main credit reference agencies (Equifax, Experian and TransUnion) use it to verify your identity and address.
While it may seem like a breath of fresh air to get rid of unused accounts or clean up your credit history, it's important to be aware of the impact that closing old bank and credit card accounts can have on your credit score. Loqbox has you covered with everything you need to know before you start a financial spring clean.
Having a good (or excellent) credit score makes you feel pretty good. Seeing the needle on your credit score dial swing into the green can give you a sense of freedom and achievement, and can set you on the road to financial wellbeing. But what are the other, tangible benefits of a high credit score? Loqbox has a classic top 10.
No matter which type of credit agreement you have, there’s likely to be a rate of interest on top after a certain point. And these interest rates can be very high if you haven’t secured a 0% interest-free period, making it difficult to pay back what you owe if the interest takes up the majority of what you’re able to afford to pay back every month. But did you know that your credit score can affect the interest rate you are offered?
Investing in cryptocurrencies (or crypto) has definitely made some people very rich. But just as many have lost fortunes too. Investing is always risky. The ups and downs of crypto’s value means your investment can boom or bust from one week to the next! But how does buying or trading crypto affect credit scores? Loqbox unravels the mystery
If you’re wondering what the best ways to organise your finances are, there’s a chance you’re looking to relieve the stress and anxiety you feel around money. When things are disorganised and messy, problems can feel insurmountable. But with Loqbox’s tips and advice, you can get your finances in order and take charge of your financial wellbeing.
Anytime you’re trying to build up your credit scores, checking for the needle to shift into the green part of the dial can get pretty addictive. But is it worth it? How often are your credit scores updated and can it hurt them to keep checking?
Filing for bankruptcy is a really big decision and shouldn’t be taken lightly. However, for people struggling with money problems and mounting debt, it can also offer a new start and a foundation to rebuild their lives. But how does bankruptcy affect your credit score? Loqbox takes a look.
The cost of living is going to be front of mind for most of us as we settle into 2023. Not only are day-to-day essentials getting more expensive, but rising interest rates are making borrowing even more difficult. If you’ve encountered some drawbacks and need to rebuild your credit score, Loqbox’s guide helps you get your credit score back on track!
Whether you’ve taken a new job, been given a promotion, or had to change your circumstances, you might be wondering if a change in your salary or income will impact on your credit score. In fact, this is a really common question! Loqbox brings home the bacon with everything you need to know about your pay and your credit score.
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