Credit Building

Loqbox Spend is coming soon! We have some exciting news to share. It’s a new way to build your credit score and earn cashback as you spend.

Here on the Loqbox blog we’ve been talking a lot about our goals for 2021. And if you’ve missed any of our posts on this topic so far, then take a look now at What is your one big goal for 2021? and The ultimate guide to achieving your one big goal in 2021. There’s some useful stuff in there to help you get started with setting your goal and making a plan to achieve it.

You’re probably aware that the strength of your credit history is important because it affects your likelihood of being approved for things like mobile phone contracts, mortgages, credit cards and loans — as well as impacting the cost that these products will be offered to you.

“I know that this is a topic that is almost over explored. It’s also a topic that we can find on the Loqbox blog. But I am still not sure how to maximise the benefits of having a credit card. I used a credit-builder credit card for almost 2 years, but my credit score did not improve significantly. Because of this, I’m worried I’m doing something wrong. Could you elaborate on the way customers should behave? I mean, we all know that paying in full every month means that we won’t be charged any interest, but when exactly should we clear our balance? Let’s say that the balance closes on the 6th of every month, should we clear it before the end of the month so 30th/31st or after the statement so 6th/7th? Is it better to clear 100% of balance or maybe 99%, as I saw somewhere?” – Loqbox customer

If you’re looking to sign up for Loqbox but are wondering what the process is like check out this short blog where I walk you through the simple and speedy process!

Being on the electoral roll helps you get noticed by the financial system, and lenders use it to prove you’re a viable investment. Here’s everything you need to know in under two minutes – from the experts at Loqbox.

I’m Emma and I’m blogging about how my credit profile and score change as well as the things I learn about the money world while I go through my Loqbox journey.

Improving anything takes commitment. Your credit report is no exception.

OK, now we have your attention, you need to know that YOUR CREDIT SCORE DOESN’T MATTER. Let’s unpack that bombshell and look at what you should really focus on for better credit – from the experts at Loqbox.