How does Loqbox Save build my credit score?

  • Updated

Building your credit score is all about showing you're a responsible borrower who can handle credit and repay it as agreed. It's a journey, and we're here to guide you every step of the way!


Loqbox Save is financed by a 0% APR loan, the foundation of your credit-building adventure. The monthly repayments you make to Loqbox Save become the heart of this. Every month, we let Experian, Equifax, and TransUnion – the credit reference agencies – know about your awesome progress. 


As you complete all 12 months of your repayments, you've not only successfully wrapped up the loan but also etched this achievement into your credit history. 


And guess what? Your credit score blossoms from this credit history. Demonstrating your ability to handle credit smartly boosts your creditworthiness, potentially leading to a higher score.


Remember, it's not just about numbers — it's about your financial journey and the strides you're taking towards your wellbeing too. We're here cheering you on, ready to help you unlock your new financial opportunities.