1. Automatically activated:
Once you opt for a Full Loqbox membership, Loqbox Grow springs into action. We set up a new credit account for you, complete with a £500 limit. This credit account is used exclusively for managing your membership payments and anything else you purchase within Loqbox (like our bolt-ons).
2. Seamless payments:
Loqbox Grow makes your membership payments a breeze. If you’re on a weekly membership, we’ll roll this into one monthly payment for you. And if you pay yearly, it’ll renew on the same date next year via your Loqbox Grow account.
3. Credit reporting:
The real magic happens here — we diligently report this credit account, along with the list of your timely payments, to the three main credit reference agencies: Experian, Equifax, and TransUnion. This consistent reporting helps to build your credit history which helps boost your credit score.
For a deeper dive into how Loqbox Grow works and how it can elevate your credit journey, feel free to explore further details here.
We're committed to helping you build a stronger credit history, step by step. If you have any more questions or need clarification, don't hesitate to reach out to us. Your journey matters, and we're here to help every step of the way.