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Loqbox: Credit score builder reviews

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4.68
Based on 514 reviews, last reviewed 15th Jun 2025
39000% increase in 5 star reviews
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Latest highest rating:

5

Very helpful with keeping me on track about my finan... Very helpful with keeping me on track about my finances Reviewed on: 15th June 2025
Georgina G's avatar
Georgina G

Latest lowest rating:

1

Avoid avoid Saw an add for this signed up realised it wasn’t for me emailed them to cancel which was done not long later £14 was taken out my account!! Emailed ap... Read more Reviewed on: 6th May 2025
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Danielle
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About this product

Loqbox helps you build your credit score while saving money.

With Loqbox, you save a fixed amount monthly, treated as repayments on a 0% APR loan, with payments reported to credit agencies. Loqbox offer two membership tiers: Full Membership with a weekly fee, and Lite Membership, which can be free depending on how savings are withdrawn.

Loqbox reviews help you find out what it’s really like to be a customer. If you’ve used Loqbox before, you can also leave a review and share your experience.

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Loqbox Credit score builder reviews (514)

Don't do it

1
I started saving £50 per month, but they were also taking £2.50 per week. That's £130 for the year, £130 for themselves. Then when I cancelled after 1 month I only got £20 of my £50. Not really helping people who are trying to build credit. Basically making money off people who are struggling with credit issues. Reviewed on: 28th June 2022
Dean..'s avatar
Dean..

Madness

1
You "save" with these crooks, they give no interest, they claim to improve your credit score, something they have no control over, they report you to credit agencies if you don't save Every month, they take half your savings for some 50 point promise scam, then charge you to return your money! You couldn't make it up! Reviewed on: 9th June 2022
Nick's avatar
Nick

Helps to build your credit score

4
I was with them for a year, there was a bug where the money didn't go to the new account, but this was resolved the same day i informed Loqbox Yes, if you want to use an existing account, they charge you £30, so why not just open a new account through them? Reviewed on: 6th June 2022
Samantha Baker's avatar
Samantha Baker

AVOID AT ALL COST

2
I signed up Loqbox for a year and saved £30 per month but at the end of the year I only got £220 back despite them saying you get all your money back!! They stated that I had signed up for the 50 points promise (that you don't get anyway) that costs £10 per month. It's cheaper to save the same amount in a local credit union at least you don't lose any money saving. They tried to tie me for another loqbox savings with another 50 promise. As far as I am concerned they've broken their 50 points promise and hidden the fact it actually costs you £10 per month for the so called promise. The FACT you DON'T GET ALL your money back in savings leaves a foul taste in the mouth for me. AVOID AT ALL COSTS Use your local credit union least you can save weekly/monthly and you get ALL your money back. They also can give you small locost loans that DON'T rip you off. I WILL NOT BE RECOMMENDING LOQBOX TO ANYONE ☹️☹️☹️ Reviewed on: 5th May 2022
ChattyNatty's avatar
ChattyNatty

Scam - AVOID

1
Do not use this company. Read the other reviews - the company hides information on sign-up, their offering is not worth it. I even signed up to LOQBOX SPEND, only to find out you can't SPEND anything. It's a joke. AVOID. Reviewed on: 30th April 2022
S P's avatar
S P

£30 charge for your own savings!

1
They fail to explain anywhere in the signing up process that you WILL be charged £30 at least, to get your saving returned to you. Apparently its in the policy manual (that no one reads). Absolute SCAM, and for it to be recommended by Clearscore made me think it would be legit. DO NOT USE unless you're happy loosing at least £30 just to receive your hard earned money back. Not Good! Reviewed on: 29th April 2022
Phillip D's avatar
Phillip D

Go out of there way to hid information when you sign

1
Never use them and customer service is a joke Reviewed on: 25th April 2022
hooper humble's avatar
hooper humble

Scam

1
They fail to tell you than once you've completed your savings, unless you open an account with TSB (transferring all DD, and having to reapply for overdrafts) they charge you £30 to transfer YOUR money into your account Reviewed on: 20th April 2022
A Bloke From Stoke's avatar
A Bloke From Stoke

Ridiculous

1
You save £20 a month, with no interest, it's classed as an unsecured loan, you are reported to credit ref agencies if you fail to save the 20 a month, then you may have to pay to get your money back.. madness Reviewed on: 14th March 2022
Nick's avatar
Nick

Loqbox is a scam

1
Do not fall for these scammers they get to use or invest the money we pay into their account and make money out of that since we cannot access that money until the plan ends and still charge £30 to withdraw your money at the end of the plan. Not a single improvement to my credit report Reviewed on: 3rd March 2022
Anuradha Gajanayaka's avatar
Anuradha Gajanayaka

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