How do I get my money back from LOQBOX?
Effectively, you'll get back what you've paid in so far. After making monthly payments for a year, your loan is repaid and you leave LOQBOX with an improved credit score and your money back into a new account for free.
Does LOQBOX give you money?
How does LOQBOX make money? In order to keep the service free for its users, LOQBOX receives a commission payment from the partner bank that you opt to have your money paid into. If you would rather not open one of its suggested savings accounts you can opt for the Flexi Unlock premium add-on.
How can I contact LOQBOX?
Contact us
Whether you need a hand with signing up or have a question about your LOQBOX we're here to help. You can contact us by emailing your questions through to [email protected]. We've also put together a list of frequently asked questions to help you get an even quicker response.
Has LOQBOX got an app?
Emma is a free app available in the App and Play Store. Emma aggregates all of your bank accounts and credit cards in one place, in one slick interface.
Do you get your money back from LOQBOX?
Effectively, you'll get back what you've paid in so far. After making monthly payments for a year, your loan is repaid and you leave LOQBOX with an improved credit score and your money back into a new account for free.
How much does LOQBOX cost?
You have to buy the Credit Improver book for an initial fee of £14.99 followed by 11 monthly instalments of £9.99. You can pick a term length of 1 year, 2 years or 3 years, whereas with LOQBOX you can only currently sign up for 12 months.
Does LOQBOX give you a loan?
Is LOQBOX a loan? No. LOQBOX itself is technically a cash redeemable savings voucher. But you use a 0% APR loan provided by our sister finance company, LOQBOX Finance US LLC, to buy the voucher.
How do I get my money out of LOQBOX?
We make all LOQBOX Save redemption payments the next working day after you unlock. The payments have to go through a process overnight before we can pay them out to our customers. The funds will be in your account by the end of the next working day, provided there are no problems with the details you enter.
Is LOQBOX safe to use?
Is LOQBOX safe? LOQBOX is authorised and regulated by the Financial Conduct Authority (FCA). Any money you put into your LOQBOX is protected (albeit in a roundabout way) by the Financial Services Compensation Scheme (FSCS).
Does LOQBOX work in USA?
Multi-award winning UK Fintech Loqbox today announces the launch of the only free credit building solution (irrespective of where they bank) across 40 states of America.
How many times can you use LOQBOX?
LOQBOX is designed to work over a series of 12 monthly payments. Make all 12, and you should see an increase in your credit score. If you quit LOQBOX early, you're unlikely to see the full benefit. Particularly if you quit in the first few months.
Can I cancel LOQBOX?
Yes. You can cancel your LOQBOX Save by unlocking your savings. When you unlock your LOQBOX Save you get back the amount you've paid so far. Anything you haven't paid back is used to settle the outstanding loan, so you can unlock whenever and never be left in debt.