Loqbox reviews
Loqbox reviews
Verified businesses always have up to date contact details and can respond to reviews.
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Offers referral rewards for introducing friends and family
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Manage your account or policy via an app or website
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FCA approved and regulated
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Offers free financial literacy resources
Review summary
People rate this company as Excellent based on 1,128 product reviews
Loqbox makes building credit and saving money feel easy and stress-free, with many seeing their scores rise quickly. The app’s simplicity and helpful customer support add to the positive experience. However, some find the fees confusing and withdrawal process frustrating, with a few warning about poor customer service and unexpected charges.
Positive themes
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Loqbox helped boost credit scores quickly and steadily for many users.
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Loqbox’s saving feature helps users save effortlessly while building credit.
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Loqbox is praised for being simple and easy to use with clear setup.
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Negative themes
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Fees and charges are unclear and can be costly when withdrawing savings.
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Customer service is often slow or unhelpful when issues arise.
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Cancelling or closing accounts is difficult and sometimes leads to unexpected charges.
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About Loqbox
Loqbox is a financial wellbeing platform that helps members build their credit history, save money, and manage their finances.
The company was founded in 2017 by Tom Eyre and Gregor Mowat. They created it to help people build their credit history and to combat financial exclusion for those with limited access to credit.
Loqbox provides various features, including credit-building tools, ways to save, and financial education resources.
Loqbox at a glance
Contact details
- [email protected]
- Social media
Reviews for Loqbox
Showing 11 of 1128 company reviews • Last reviewed within 14 days
Zero result / false advertising
I signed up based on advertising and the promise to help shift my credit rating. However 6 months passed, i made the payments, but the... I signed up based on advertising and the promise to help shift my credit rating. However 6 months passed, i made the payments, but the result is zero. My credit rating did not move a single point. So obviously this is not working and the advertising is highly misleading. Read more Read less
Loqboc is misleading and dishonest - AVOID
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
Products from Loqbox
Showing all products offered by Loqbox
Credit report and building
by LoqboxLoqbox helps you build your credit profile. With a membership, you can build credit while you save, access educational resources, get a dedicated line of credit that pays for your...
Credit report and building
by LoqboxLoqbox helps you build your credit profile. With a membership, you can build credit while you save, access educational resources, get a dedicated line of credit that pays for your...
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