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Loqbox: Credit score builder reviews

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2.47
Based on 96 reviews, last reviewed 15th May 2025
300% increase in 5 star reviews
in the past 90 days
No new 1 star reviews
in the past 90 days
See only 5 star reviews
40%
See only 4 star reviews
3%
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1%
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3%
See only 1 star reviews
53%

Latest highest rating:

5

Credit building experts Loqbox helped me build my credit after coming out of university, and now I'm about to buy my first house! Reviewed on: 15th May 2025
C's avatar
C

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 Grow is an interest-free credit account that grows your credit history.

Loqbox Grow can be opened in two minutes with no credit check required. There is a monthly membership fee to pay and your account is reported to the three main credit reference agencies.

Loqbox Grow 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 (96)

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

Scam

1
Had to open my loqbox early due to financial difficulties. Out of £160 savings I ended up with £60 because I apparently had the 50 point promise ???? AVOID Reviewed on: 18th February 2022
Janedeeming83@gmail.com's avatar
[email protected]

just avoid

1
waste the time and money. this just rip you off on the end. charge you 30% of you money to get back you cash Reviewed on: 13th February 2022
damian's avatar
damian

Pretty good company

5
I’ve been with loqbox since June of 2021. Credit score has improved, I will probably continue with them forever, doubling down my savings every year. Reviewed on: 1st February 2022
William tayler 's avatar
William tayler

Worst idea ever

1
If you want your rating go up don’t do it,,,it works opposite and all you get is apologise,,, Reviewed on: 29th January 2022
Ped Rah's avatar
Ped Rah

SCAM

1
Be very careful...nothing is free and you'd be better off putting your money in a savings account. I lost half my money because I apparently signed up for the 50 point promise which I cant remember signing for and wouldnt have done . The customer service is rubbish. Overall very dissatisfied with the experience, certainly won't be doing it again and wouldn't recommend it to anyone else. Reviewed on: 9th December 2021
Karen Lennon's avatar
Karen Lennon

Scam ,too good to be true

1
I paid the 50 point promise, then found out its not actually a guarantee. If you've paid the monthly cost you aren't refunded it, because they claim you've had extra support.Which is nonsense as all they tell you is what you would already know for free. Best option is to actually take out a bank loan. This way you get the money and your score grows Reviewed on: 21st October 2021
Sam Bartley's avatar
Sam Bartley

Just a waste of time really.

1
Ok so this service on the face of it looks great, to anyone who doesn't understand there credit score or how to improve it. But in the real world it's a total waste of time, and abit of a scam really. I say this loosely as you can either pay them £30 to have your own savings put in your own bank or be forced into opening a new bank account to have your own money back for free. Well that's a big hassle to get your own money back and will take several weeks before you actually have access to your savings not do good. Next is the credit score options so the only free one only gives you 10 points now if you have an amazing score and are struggling to get those final few points to max it out then why not but to the normal person with a score that needs improvement like 99% of there customers the measly 10 points just isn't worth the hassle. To get any more from them cost you money which is counter productive. So really this is just a scam to get people to sign upto new bank accounts. As you should all know you credit score fluctuates every month commonly buy a number much greater than 10 points say 20-30 points on average all the way upto 120 points depending on your circumstances. So with this in mind the 10 points offered is a pointless drop in the ocean with no real affect on your score what so ever. So this service just ends up being a pointless direct debit. I mean if you are incapable of saving them this may be an option for you however with regards to your credit score the impact is negligible and really not worth the hassle. You would be 1000% better off having a phone contract or credit card or something similar and keeping up with that as they will have a real impact on your score instead if a pittiful 10 points which then cost you more time and money potentially than the 10 points would ever be worth in the real world. If it was 100 points for free then this may be one a viable service to help those with poor credit. But unfortunately as it stands it's abit if a gimmick to trap new customers into changing bank accounts or signing upto other subscriptions. Seriously just get a new toy on credit and pay it off least then you have something to show for it and has more of an impact on your score. Note all new credit reduces your score for few months then it will go up higher than what you started at its a patient Gabe building a good credit score. Reviewed on: 17th October 2021
Paul Hewitson's avatar
Paul Hewitson

Awful

1
If u ever need to cancel and get ur money back they charge u £30 to get it to ur account or open another account which u I can't. The custo.er service takes ages and then the eventually offer u a stupid card which u just cancel anyways but its charged to ne postaged. Don't expect ur money for a while Reviewed on: 17th September 2021
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