Build your credit history while you save… for free
LOQBOX – the simple, free way to healthier finances
If you’d like to improve your credit history, but don’t have £20 a month to save, try
Simple, expert tips to help build a stronger credit history
You get back every penny you’ve saved, in a new account with one of our partners.
We keep LOQBOX money in ring-fenced, independently verified accounts with major UK high street banks.
We use 256-bit encryption – the same type the major banks use.
Here’s how it works.
You choose to save between £20 and £500 each month, and buy a LOQBOX worth a year of those savings.
Instead of buying your LOQBOX up front, you use our interest-free finance to pay for it over 12 months. Each repayment (effectively, what you’re saving each month) gets added to your credit history, showing lenders you can responsibly manage finance and boosting your chances of getting better-priced credit.
As well as building your credit history, with our monthly emails you can improve your money management and access great credit and savings offers – if you want them.
If you change your mind – or if you think you might struggle to make a payment – you can ‘unlock’ your LOQBOX any time and get back everything you paid so far. We’d rather you did that than miss a monthly payment, which would harm your credit history.
When you unlock your LOQBOX, we’ll help you keep saving. We can help you open a bank account or ISA for us to pay your money into. We get paid by our partners for this, which is how we can make LOQBOX completely free for you.
With LOQBOX, you build your credit history and grow your savings… read more
It really is… read more
You can get started right away… read more
There is a step-by-step explanation of how LOQBOX works with an example on our FAQs page… read more