What is my credit limit?

Erika
Erika
  • Updated

Your Loqbox Grow account has you covered with a credit limit of £500. You use this account to charge your membership payments and anything else you purchase within Loqbox, like our bolt-ons.

 

By having a larger credit limit and using only a tiny fraction of it for your membership and bolt-ons, you're demonstrating your responsible credit management to lenders – a fantastic recipe for boosting your credit score.

 

This means you can dive right into building your credit score and the benefits that come with that. It's worth mentioning that our members have experienced an average credit score improvement of 125 points within the initial six months of using Loqbox Grow.

 

Level up with bolt-ons

Want to supercharge your credit score journey? You have the power to do so by adding a bolt-on to your Loqbox Grow account. There are three options: gold, silver, and bronze. Each bolt-on extends your credit limit by a predefined amount. 

 

To learn all about bolt-ons and how they can elevate your credit-building adventure, simply check here- What is a bolt-on?

 

Your journey towards a stronger credit score and financial wellbeing matters to us. If you have any questions or need further assistance, feel free to reach out. We're here to guide you every step of the way!