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In 2020, Derrick moved home after a breakup.
With no savings, he bought things for his new place on credit. But he couldn’t have predicted what happened next.
With no savings, he bought things for his new place on credit. But he couldn’t have predicted what happened next.
“When Covid hit, I lost a third of my wages overnight. It was a hard lesson.”
Derrick had always been on top of his credit repayments before, but now?
“I had to tell lenders I couldn’t pay. I defaulted on three accounts which killed my credit score.”
“I had to tell lenders I couldn’t pay. I defaulted on three accounts which killed my credit score.”
Derrick needed a solution
Fast forward to 2021 and Derrick was dreaming big: he and his new partner had “had enough of renting” and wanted to buy a home of their own.
He knew his credit score could affect their mortgage chances: “It was 800 before lockdown… But it was at 129 the day we looked”. So he set out to find a solution. That’s when he discovered Loqbox.
He knew his credit score could affect their mortgage chances: “It was 800 before lockdown… But it was at 129 the day we looked”. So he set out to find a solution. That’s when he discovered Loqbox.
Loqbox: Simple, proven ways to build your credit score
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Improvements to your credit score are not guaranteed.
Missing payments to Loqbox or other credit accounts may harm your score.
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