In my personal experience, Loqbox is the most misleading financial products I’ve ever used. I believed I was signing up for a simple tool to... In my personal experience, Loqbox is the most misleading financial products I’ve ever used. I believed I was signing up for a simple tool to help improve my credit score. At no point was it made clear in plain language that I was entering a full credit agreement that would appear on multiple credit reports. After almost two years of perfect payments, my score with TransUnion fell, not improved. It turns out the Loqbox agreement itself was dragging it down. This is exactly the opposite of what their marketing suggests. When I tried to close the account, I suddenly received warnings that closing it would lower my score even further, warnings that should have been upfront, not hidden at the end. In my opinion, the product was mis-sold and the lack of transparency borders on unacceptable. Reading other reviews, it seems I’m far from the only one who feels this way. I would strongly advise others to think twice before trusting this company. I will be writing to the Financial Ombudsman Service Read more Read less

Whilst appearing honest, and in abundance giving consumers hope to better their financial predicament, Loqbox has been found out to be a profit and money... Whilst appearing honest, and in abundance giving consumers hope to better their financial predicament, Loqbox has been found out to be a profit and money oriented immoral entity. The factual evidence is available on request , I have no need for credit but at one point I did and believed there loqbox ethos was true . But through commitment to grow, save , coach to get my mortgage which I did , following this i attempted to take my finances inder my control, at this point I was told that I had to clear a grow balance before I could cancel my membership , I had apparently spent in which was impossible as I had no access to funds to which the consumer being tricked in to believing they have access to where in actual fact the immoral financial model is taking advantage of genuine people trying to better there life efforts. Honest experience I will publish now in which has already been written and scrutinized by fca and ombudsman services bringing to account the immoral practices by this Dubai based enterprise. I will gladly write off the money falsely charged for the moment whilst funds are being recalled if it protects the consumer from further any further exploitation Read more Read less