1. Sign up
Get started with Loqbox today. By saving as little as $20 per month, you can make your savings count! You decide how much to save with Loqbox each month for a year. Loqbox will finance the full amount with a 0% APR loan. (e.g. $20 x 12 months = $240). The maximum term for the loan is 12 months.***
2. Regular reporting
3. Unlock your savings
When your loan is repaid, it’s time to unlock your Loqbox. Withdraw your savings by opening a new bank account with a partner bank** (they pay us a commission, making it free for you). Or if you’d prefer to withdraw into an existing account, it’ll cost just $40 for your credit-building, savings and financial guidance journey. The choice is yours!
It’s no secret that improving your credit history takes time (they don’t call it history for nothing).
You might find yourself asking “How can I increase my credit score in the fastest possible way?”
Although there isn’t an overnight fix, there are quick and simple ways to give your credit score a boost — and using Loqbox is one of them.
Making positive changes to your score will still require your patience. This is because you can expect the three US credit bureaus, Experian, Equifax and TransUnion, to take around 30 days to show changes to your reports — sometimes longer, if say, your phone bill provider is slow to update them.
You can get a free peek at your credit scores without harming them by using these companies:
- Credit Karma (uses TransUnion and Equifax data)
- Credit Sesame (uses TransUnion data)
- Credit.com (uses Experian data)
But while you wait diligently (and well done you for being so zen about it), you can feel good knowing you’ll have done all you can to have boosted your credit score. Good things come to those who wait.
"My score went up 243 points"
"The customer service is great, they always respond and take care of any issues I may have in a timely manner."