Before we begin, a quick disclaimer, this is not an advertisement and I am in no way affiliated with or compensated by LOQBOX.
Okay now that we’ve gotten that out of the way let me tell you all about LOQBOX and why I recommend it for everyone. Firstly it will improve your credit rating with all three of the UK’s main Credit Reference Agencies (Equifax, Experian, and TransUnion) which immediately makes it worth it, because as someone with a frankly abysmal credit score I’m up for anything that can legally and easily improve it.
LOQBOX does this and allows you to save money at the exact same time, so basically you can set it up with LOQBOX to send them between £20 and £200 each month for 12 months, this money is held by LOQBOX during that period, and with each monthly payment it acts like you are paying off a loan and as a result your credit score jumps up substantially. But here’s the really good part, unlike an actual loan where you borrow money and then return it to the provider, usually with interest added on, not only do you get every penny you gave to LOQBOX back at the end but without anything taken off the top. So it’s also a fantastic way to save money. To put it another way, if you can spare the minimum payment of £20 per month, and you begin in January, you can build your credit score throughout the year, and at the end you will have £240 and an improved credit score right in time for Christmas.
You can always break the piggy back so to speak and take out all the money you’ve paid in so far, and you can do so without being left in debt, although I do not recommend this as if you haven’t made enough regular payments then you might end up harming your credit score rather than improving it.
So I think you can see why it’s such a valuable service. For a short term expense, you can save money and build your credit which can help you in many ways. So if I’ve sufficiently convinced you to sign up for LOQBOX then why not use Tori B Bearly’s Referral Code, linked here. Which will not only earn Tori £5 but everyone who uses the link will be signed up for a spot on LOQBOX’s monthly prize draw to double your LOQBOX savings.
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