Credit Building

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The link between credit score and interest rates

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?

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Can buying or trading crypto affect my credit score?

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

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Wondering how to organise your finances? Here are the 11 best ways to organise your money

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.

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Is it worth checking your credit score daily or weekly for updates?

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?

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Will filing for bankruptcy affect my credit score?

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.

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Can my salary or income affect my credit score?

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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Credit scores and voting

In the UK, one of the quickest and simplest ways to improve your credit score is to register to vote. In fact, if you don’t you could actually harm your chances of getting a loan, credit card or mortgage. Loqbox ticks the boxes on voting and how it affects your credit score.

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I have no credit history, where do I start?

What if you’ve never borrowed money or taken out a credit card? What shows on your credit report, how does it affect your credit score and how can you build your credit history to improve your credit score? Read on for our tips and guidance.

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What taxes affect your credit score?

HM Revenue & Customs (HMRC) collect your taxes and ensure they get paid and aren’t missed. If you don’t pay your taxes this becomes a debt to HMRC. But whether you pay it or not, does it affect your credit score? Loqbox has you covered!

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Can self-employment affect my credit score?

Self-employment offers a great deal of freedom and flexibility, but it also comes with responsibility and uncertainty. Not only do you constantly need to find your next job, but you’ve got to organise your own taxes. There’s plenty to love about being your own boss, but Loqbox can help you be the boss of your own finances, too.?‍

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