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Financial wellbeing at work – workplace support & tips

At Loqbox, we believe employers have a responsibility to support the financial wellbeing of their employees. That’s because the major stress factors in peoples’ finances are often related to their jobs. We take a look at the benefits of financial wellbeing at work and some great tips to get it right!

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How to get a mortgage in 2023

Buying at the “right” time, or “timing the market” as it’s known in the world of investing, is pretty much just luck, so it’s important that you decide whether or not to buy a home based on whether or not it’s right for you.

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Here's what our members are celebrating in 2022

2022, what a year! But even though there have been many challenges to face, lots of Loqbox members have been able to achieve wonderful things. We just wanted to say a huge thank you to our 7,500+ members who have given us a 5 star review, and shine the spotlight on some of the ways you’ve hit your goals in 2022.

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15 credit score terms you should know

It’s easy to get confused when you’re looking at your credit score. There’s a lot of credit terminology that could be unfamiliar, not to mention US terminology mixed in with ours here in the UK! But it’s actually all a lot more simple than it looks, so Loqbox is here to help translate 15 common credit terms that are really useful to know.

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Can a phone contract improve my credit score?

Everybody’s got one in their pocket, but that doesn’t mean your phone should burn a hole in it. Find out what credit score you need to get a mobile phone, how phone contracts affect your credit score and if there’s a minimum credit score you need to get a phone contract. Let’s get into it!

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Loqbox is 45th fastest growing tech business in the UK

LOQBOX today announced it ranked number 45 in the 2022 Deloitte UK Technology Fast 50, a ranking of the 50 fastest-growing technology companies in the UK.

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Job status and credit score: Does changing job affect your credit score?

Whether you’ve recently landed a new job, unfortunately lost your previous one or you’re making ends meet some other way — you might be wondering if changing jobs can affect your credit score, and, you may want to know if your employment status or your income will impact on your ability to borrow money.

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Credit card use and credit scores

A credit card lets you borrow money up to an agreed limit so you can make purchases beyond your immediate means. This can be great if you need to spend more than you have saved. But remember, unlike your debit card which gives you access to the money in your bank account, credit cards are borrowed money!

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Credit reference agencies: Who are they, what is the difference and who do lenders use?

When you apply for credit, like a mortgage, a loan or a credit card, the lender will consider your application carefully. This typically requires a credit check and a look at your affordability (i.e. can you afford to pay this money back). But each lender has their own exact method to come to a decision.

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How to correct errors in your credit report

It’s a good idea to periodically check your credit score. Though it may be “out of sight, out of mind”, getting into the habit of checking it regularly can be really helpful. After all, you might suddenly need a loan or some other form of credit. It’s only then that you realise your credit score isn’t as high as you thought. Improving it is always an option of course, but it can take time. So you should deal with problems ahead of time. Future you will be so happy with present you when the time comes to get a loan!

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