Loqbox reviews
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Loqbox reviews
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Offers referral rewards for introducing friends and family -
Manage your account or policy via an app or website -
FCA approved and regulated -
Offers free financial literacy resources
Review summary
People rate this company as Excellent based on 1,962 product reviews
Wondering how this rating works?
This score is generated using our own unique scoring method. It combines the 1-5 star ratings left by verified reviewers, when those reviews were submitted and other meaningful data from the reviews.
Across our website, we use the same consistent method and scores which update in real time as new reviews come in.
Loqbox makes building credit and saving money surprisingly easy with a straightforward app and helpful support. Many found their credit scores improved steadily while developing better financial habits. However, some users struggled with confusing fees, locked savings, and poor customer service, which left them frustrated and wary.
Positive themes
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Loqbox helped boost credit scores steadily while encouraging good saving habits. (82 mentions)
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Loqbox is easy to use with clear info and simple setup for credit building. (60 mentions)
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Customer service at Loqbox is friendly and helpful when you need assistance. (9 mentions)
Negative themes
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Loqbox’s fees and charges can be confusing and feel expensive to some users. (7 mentions)
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Several users felt misled by Loqbox’s marketing and had poor experiences with support. (5 mentions)
About Loqbox
Loqbox is a 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 1962 company reviews • Last reviewed within 14 days
Rebuild your credit while saving money.
You set up a direct debit for whatever amount you want (I picked £20) and each month that amount is taken from your account like... You set up a direct debit for whatever amount you want (I picked £20) and each month that amount is taken from your account like any other bill. These payments are reported to various credit reference agencies as loan payments, so each month you have a payment showing on file. After 12 monthly payments the "debt" is settled and the amount is released back to you in full. I set mine up in December, paid £20 a month, then the following December I was able to cash out a £240 payment that paid for Christmas! They also offer extra services for additional fees if you want, that can boost your credit score. I also have my rent payments reported to my credit file through Loqbox. My credit has been so much easier to manage and my score has improved drastically since I joined. Read more Read less
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5.00/5
been easy to use explains services well, it is a lon...
been easy to use explains services well, it is a long term thing so will keep using it as another pot to save and build my credit
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4.00/5
I need more time to see the benefits
I think the concept is great but I haven’t been using it long enough to see how great it is in the real world.
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5.00/5
Good to conunicate with u wen u need help
Good to conunicate with u wen u need help
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5.00/5
About 7 years ago I relocated from NL to UK.
About 7 years ago I relocated from NL to UK. My savings were NL accounts in Euro but I needed GBP for everyday spending. A... About 7 years ago I relocated from NL to UK. My savings were NL accounts in Euro but I needed GBP for everyday spending. A credit card would be very helpful for unforeseen but I was rejected by several as I had no UK history. Then I found LoqBox and followed their (then free) program. After a year they offered me a credit card and I successfully applied. Now I have excellent credit history with several credit cards. Read more Read less
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5.00/5
Easy to use and clear information..
Easy to use and clear information, I found the whole process was simple to do.
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5.00/5
Clear and simple
Clear score makes managing your credit score straightforward and stress-free,giving you the insights you need to stay in control of your financial journey
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5.00/5
Very new to it but so far so good
Very new to it but so far so good
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5.00/5
Credit score went up within days of opening account,...
Credit score went up within days of opening account, happy with that
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5.00/5
This is an amazing service which helps you save up m...
This is an amazing service which helps you save up monthly and when you have saved you can transfer back into your own bank no worrying
Products from Loqbox
Showing all products offered by Loqbox
Credit building
by LoqboxLoqbox membership is an all-in-one service to help build your financial health. You can build your credit score, grow your savings and gain a better understand about the world of...
Credit building
by LoqboxLoqbox membership is an all-in-one service to help build your financial health. You can build your credit score, grow your savings and gain a better understand about the world of...
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