When you’re trying to improve your credit score, reach savings goals, or clear debts, you’ll come across lots of new words, terms and phrases. The jargon used to describe financial terminology can be daunting but Loqbox is here to talk your language. Let’s take a look at what debt to income ratio (DTI) means, and how that affects your credit scores.
As we all know, the cost of living in the UK has been rising steadily over the years. From food to fuel, housing to healthcare, everything seems to be getting more expensive. And it’s not showing any signs of slowing down. This is known as ‘cost of living inflation’ and it affects everyone differently.
As UK medical treatments are mostly free on the NHS, we usually don’t build medical debts like our US neighbours can. But there are lots of treatments that aren’t covered, including many dental bills, private care, and cosmetic surgery. If you want to boost your self-esteem, but you can’t afford to pay upfront and you’re worried about how that could affect your credit score, Loqbox can help explain.
If you’ve been a victim of identity theft, sometimes called ‘ID theft’, it can make you feel scared, anxious, and even embarrassed. It can also leave you with financial difficulties. It’s a horrible thing to happen to you but it’s important to know that you’re not alone. Loqbox has some practical advice to help you back to your feet and feeling yourself again.
Financial illiteracy affects most of us. A Financial Times survey, conducted by Ipsos Mori in 2021, found 90% of people in England felt they’d learnt “nothing at all” or “not very much” about finance at school. So if you’re struggling with financial illiteracy, you’re not alone. But what does it all mean?
Financial literacy affects people of all ages and backgrounds. It’s fair to say that we’re more educated about how to get into debt than we are about how to avoid or get out of it. Financial literacy in the UK is behind lots of other countries, so what can you do to teach yourself, your friends and your family about financial literacy?
Whether it’s ordering a takeaway at the end of a stressful day — or buying the jumper that was winking at you from the end of the supermarket aisle — most of us allow our emotions to affect our spending from time to time. So why not grab a warm drink, find a comfy spot on the sofa and allow Loqbox to help you understand more about emotional spending.
Ahh, money. That pesky subject that nobody seems to enjoy talking about. But like it or loathe it, money is a topic that affects us all.
Most of us care about our partners and want them to feel able to talk to us about anything. But even if we’re used to talking about other topics talking about money can feel a bit more difficult. So, whether you’re in a long-term relationship — or your relationship is shiny and new — Loqbox is here to help you feel more confident about having money conversations with your partner.
Money can cause a great deal of anxiety. When debts are mounting, it’s easy to feel financially trapped and as though your big life plans are financially out of reach. But don’t worry, Loqbox has your back with 5 good habits that will help you become a more financially stable person.
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