When Loqbox member, Dan, realised a credit score wasn’t just a ‘mythical number’, he used Loqbox to gain financial control, clear his debt, and build a better future.
Dan’s finances and credit scores were low on his list of priorities until recently. “I’d had some problems. I’d had a bit of a messy divorce, which ruined my credit score, and also we’ll call it a misspent youth, so I didn’t take anything that seriously with finances.”
But things were about to change.
“I was a bit poorly, and I had to really start to think about future-proofing, so I looked at ways that I could improve my credit score.”
Dan’s finances and credit scores were low on his list of priorities until recently. “I’d had some problems. I’d had a bit of a messy divorce, which ruined my credit score, and also we’ll call it a misspent youth, so I didn’t take anything that seriously with finances.”
But things were about to change.
“I was a bit poorly, and I had to really start to think about future-proofing, so I looked at ways that I could improve my credit score.”
Why a credit card wasn’t the answer for Dan
Dan decided to use a credit-building credit card. But the last thing he wanted was a credit card. “I haven’t been good with money, so why give me some free money?”
Then, Dan found Loqbox. “It’s a much better way of getting the same long-term results but more responsibly,” Dan said. “This cannot happen again.”
Then, Dan found Loqbox. “It’s a much better way of getting the same long-term results but more responsibly,” Dan said. “This cannot happen again.”
Taking control, one step at a time
Dan kept using Loqbox, and his motivation to manage his financial life grew. He worked hard to pay off his credit cards. He created a budget to pay each card off step-by-step, in a way that felt manageable and encouraging.
“It’s that proper budgeting thing that I now do, and it’s great because there’s nothing nicer than getting to the end of the month and having a bit left over, and that’s happening more and more.”
“It’s that proper budgeting thing that I now do, and it’s great because there’s nothing nicer than getting to the end of the month and having a bit left over, and that’s happening more and more.”
A year on, confidence and security
It’s been just over a year since Dan’s credit-building journey began.“It’s changed so much for the better,” he says. “My credit score has improved, my savings have got better, and we’re able to plan a lot more for the future now.”[1]
Dan felt locked out of the system, and it was hard to see a way out. But a year in, the story has flipped on its head. “Loqbox has been a big help in that sense,” he says.
“You see yourself coming out of that horrible patch.”
For Dan, it was about turning to face the issue head-on, learning all he could about his options, and then carving a path that meant sustainable, healthy steps toward a better future.
Loqbox helped him to tackle things step-by-step, so his whole financial life worked together: “You’re building your credit score while also saving some money. For me, it’s such a win-win.”
[1]Improvements to your credit score are not guaranteed. Missing payments to Loqbox or other credit accounts may harm your score.
Dan is a Loqbox member. He kindly shared his story with us and received compensation for his time.
Join LoqboxDan felt locked out of the system, and it was hard to see a way out. But a year in, the story has flipped on its head. “Loqbox has been a big help in that sense,” he says.
“You see yourself coming out of that horrible patch.”
For Dan, it was about turning to face the issue head-on, learning all he could about his options, and then carving a path that meant sustainable, healthy steps toward a better future.
Loqbox helped him to tackle things step-by-step, so his whole financial life worked together: “You’re building your credit score while also saving some money. For me, it’s such a win-win.”
[1]Improvements to your credit score are not guaranteed. Missing payments to Loqbox or other credit accounts may harm your score.
Dan is a Loqbox member. He kindly shared his story with us and received compensation for his time.
Improvements to your credit score are not guaranteed.
Missing payments to Loqbox or other credit accounts may harm your score.
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