How much will Loqbox Save grow my credit score by?

Erika
Erika
  • Updated

It's wonderful that you're aiming to enhance your credit score through Loqbox Save! However, it's important to note that there are various factors beyond Loqbox that can impact your credit file. The exact increase can differ based on your unique circumstances and financial behaviours.

 

For context, our members experience an average improvement of around 145 points during the first year of using Loqbox Save exclusively. By incorporating Loqbox Grow and Loqbox Rent alongside Loqbox Save, some members have seen up to 300 points of improvement within the first three months.

 

Remember, lenders don’t base their decisions on your credit score (it’s a tool for you to use) — instead they’ll consider your complete credit report, credit history, and financial affordability.

 

The good news is that by consistently making your Loqbox Save payments each month, your credit report will reflect your responsible behaviour, potentially enhancing your creditworthiness in the eyes of lenders. Keep up the great work! 

 

If you ever have questions or need assistance, don't hesitate to reach out. We're here to help you.