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Loqbox: Credit Score Builder reviews

Name: Credit Score Builder
Rating: 2.65 (91 reviews)

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2.26

Based on 91 reviews, last reviewed 27th Dec 2024

100% decrease in 5 star reviews

in the past 90 days

100% decrease in 1 star reviews

in the past 90 days

37%

56%

Latest highest rating:

5

this is my 3rd year with them and its helped me buil... this is my 3rd year with them and its helped me build up my new life. Reviewed on: 27th December 2024

Latest lowest rating:

1

i have been reported for owing 15 pounds whereas I s... i have been reported for owing 15 pounds whereas I stopped their monthly subscription a month and half earlier which they failed to allow from the end... Read more Reviewed on: 22nd December 2024

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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.

Loqbox Credit Score Builder reviews (91)

Review of the Loqbox, Credit Score Builder:

Just a waste of time really.

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

this is my 3rd year with them and its helped me buil...

this is my 3rd year with them and its helped me build up my new life. Reviewed on: 27th December 2024

i have been reported for owing 15 pounds whereas I s...

i have been reported for owing 15 pounds whereas I stopped their monthly subscription a month and half earlier which they failed to allow from the end letting me belive I have closed it for good until later on that I woke up to see that they attempted to charge me but failed because it is my customer to lock my card. now that I really need a credit card their fraudulent report of loan and credit card is showing and multiple failure to pay back depts... the worst financial organisation to register with. I need to ask can we all report they to FCA for this. No real customer service, you would ask for something and they will be answering other things not directly connected to your questions. Reviewed on: 22nd December 2024

No honour amongst thieves

They will keep changing you months after you close your account. Stay far far away. This company stands to make millions of its customers by taking small amounts from its many users after closure of accounts. Due to their policies you are not entitled to a refund and your the failure to close your account will be blamed on technical issues. Daylight robbery right in plain sight. I’m considering starting a credit agency myself as this is a clearly profitable for them. Reviewed on: 31st October 2024

Total scam!

Total scam!! They make it really difficult to access your savings and then charge you £30 for the money to enter your account. My credit score didn't change. Their customer service had me running around in circles with false information. I would not recommend this to anyone Reviewed on: 5th September 2024

Good Features with Great Product

I find Loqbox product to be easy to use. More importantly the products in itself is easy to understand and use. The little bit it gives helps build my credit score while also helping me save which is a good thing. Reviewed on: 1st September 2024

Avoid at all cost

Closed account yet they are still taking money from my card for membership without my permission. Reviewed on: 27th June 2024

Very terrible experience with closing Loqbox savings.

Very terrible experience with closing Loqbox savings. You are force to open a new bank account with their partner which was described as Loqbox agreement by taking out Loqbox products which was highlighted to their customers instead they described it as easy to close and walk away with your savings. Customers where not told saving with Loqbox will be recorded as loans. It marvel me to find out my savings was recorded as loan and I paid exorbitant charges from membership fees and closing fees. I'll never recommend Loqbox to anyone.. Reviewed on: 26th June 2024

Don't deposit otherwise you will regret.

I was deposited money in Loqbox but at the end of the year when my tram was finished they asked me to pay £40 to get my money back or else I have to open a bank account with their linked. Please don't deposit your money otherwise you will regret. Reviewed on: 3rd June 2024

Built my credit score up slowly and surely and very...

Built my credit score up slowly and surely and very transparent. Reviewed on: 23rd May 2024

A Fresh Start with LOQBOX

After navigating the challenging waters of bankruptcy, finding a path to credit recovery felt daunting until I encountered LOQBOX. This innovative service offered not just a credit-building solution, but a comprehensive suite of tools designed to holistically improve financial health. With LOQBOX Save, Grow, and Coach, I was equipped with the resources needed to take charge of my financial future. The setup process with LOQBOX was straightforward, allowing me to get started without any hassle. The user experience is designed with clarity and simplicity in mind, making it incredibly easy for anyone to begin. LOQBOX Save allowed me to start saving money, which simultaneously helped to build my credit score—a dual benefit that felt especially rewarding. LOQBOX Grow then offered insights and guidance on how to further enhance my credit score and savings simultaneously. This feature was instrumental in giving me a clearer view of my financial progress and what steps I should take next. Furthermore, LOQBOX Coach provided personalized advice and strategies tailored to my unique financial situation, which was immensely helpful in staying on track and making informed financial decisions. Overall, LOQBOX has transformed my approach to financial recovery and credit building. It is an empowering platform that not only helps rebuild credit scores but also educates and guides users towards better financial habits. For anyone emerging from bankruptcy or has a poor credit history and looking to rebuild financially, LOQBOX is a comprehensive tool that delivers results and fosters financial growth. Reviewed on: 29th April 2024

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