Boost Credit Score, How to Increase your Credit Score Quickly | UK

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Improvements to your credit score are not guaranteed.
Missing payments to Loqbox or other credit accounts may harm your score.

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Quickest ways to boost your credit score:

✔ Amend any errors

Your information should match across the three credit reference agencies. So check your reports and let Experian, Equifax or TransUnion know if something isn’t correct.

✔ Register to vote

It doesn’t matter if you actually vote or not. Being registered on the electoral roll helps the CRAs to find your current address. You can also opt out of the ‘open register’ if you don’t want snail mail marketing hitting your letterbox.

✔ Remove any previous financial connections

Credit scores can be co-scored with another person, like an ex or old housemate you had a joint account with. But if that person is a little… unreliable when it comes to their finances, they could negatively affect your credit score! If you go your separate ways, ask the CRAs for a notice of disassociation to de-link you.

✔ Get started with Loqbox Grow

On average, our members see their credit score boost by 125 points in the first six months. Loqbox Grow is quick and easy to set up, and you’ll be on your way to an improved credit score in no time. Here's how it works.

✔ **Keep your debts low, but the amount of credit you could borrow high**

Lenders like to see a low credit utilisation (i.e. spending only a little of your available limit on your credit card). Using less than 25% of your limit will have the best impact for your credit score. Loqbox Grow can help with this too — when you set this up you’ll get a new interest-free credit account. Just make your regular membership payments and Loqbox will take care of boosting your credit score.

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Things that take a little longer (but still help to boost your credit score):

We know you want to increase your credit score in the fastest possible way, but here are some simple things you can do to raise it over a longer period of time.

✔ Always pay on time

Missed payments, defaults and CCJs (county court judgments) can leave an ugly mark on your credit file for six years. If this has happened, but you had a good reason, you can raise a notice of correction to give an explanation to a bank or lender in the future.

✔ Pay more than your credit card’s minimum payment

Paying off your credit card in full is the ultimate goal to avoid paying interest, although we know it’s not always possible when life gets in the way. If you can, aiming to make extra payments on top of your minimum payment is good for building your credit history and getting out of debt at the same time.

✔ Is your name on the bills?

If you don’t have much credit history, try to put yourself as the named bill payer on some of your shared household bills. By paying on time every month, you’ll build a good history of credit which improves your score.

If you’re not able to be the bill payer, having Loqbox Grow can help you get a credit score boost and build your credit history instead, just by making your regular weekly £2.50 membership payments.

✔ Spread out your credit applications

‘Soft checks’ don’t leave a mark on your credit file, but you may see a ‘hard check’ negatively affect your credit score. So ideally aim for no more than one hard credit check every six months.

It’s good to know that it’s quite normal to see your score rise and fall. And each time you ask for a new line of credit (i.e. get a new credit card or take out a loan) you’ll likely see a dip in your score until the lender starts to see you regularly paying them back.

Want to keep these top tips in a handy PDF?

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How can you boost your credit score instantly?

If you’ve already started to furiously Google “how to improve my credit score fast”, the steps above are some quick and straightforward steps to get your credit score boosting upwards.

You wouldn’t be alone in looking for the fastest solution to fix our scores and raise our chances of being approved. And while there’s no way to boost your credit score overnight (you’ll still need to exercise patience over the next few months), the tips above will get you on the right road to boosting your credit score as fast as possible.

Reasons to boost your credit score quickly

Once you have money on your mind, it’s hard to stop focusing on it. And planning ahead for the big things in life matters to us all.

So whether you’re looking to make a house-shaped purchase, want the keys to a shiny new car, or are saving your pennies to start a family — having a good history of credit counts!

If you have little or no credit history, and can see yourself needing a mortgage, credit card or loan in the future, make a start at boosting your credit score now.
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*Based on the difference in interest rates achievable with “Very Poor” and “Poor” credit ratings
** Based on the difference in interest rates achievable with “Very Poor” and “Fair” credit ratings

Quick info on credit scores:

How long does it usually take to improve your credit score?How is your credit score calculated? What is a credit rating and credit score?Tips to keep your credit score healthyCredit score FAQsBoost your credit score with Loqbox Grow

How long does it usually take to improve your credit score?

You might find yourself asking ‘How can I increase my credit score in the fastest possible way?’ and not getting very far with your internet search.If you’re looking for the fastest way to improve credit scores, it’ll be no secret to you that improving your credit history takes time (they don’t call it a history for nothing).

But although there isn’t an overnight fix, there are quick and simple ways to give your credit score a boost — and using Loqbox Grow is one of them.

Improvements to your credit score are not guaranteed.

Making positive changes to your score will still require your patience. This is because you can expect the UK’s three main credit reference agencies — Experian, Equifax and TransUnion — to take around 40 days to show changes to your reports (sometimes longer, if say, your phone bill provider is slow to update them).

You can get a free peek at your credit scores without harming them by using these companies:
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‍ClearScore (uses Equifax data)
‍Experian App (uses Experian data)
Intuit Credit Karma (uses TransUnion data)

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But while you wait diligently (and well done you for being so zen about it), you can feel good knowing you’ll have done all you can to have boosted your credit score. Good things come to those who wait.
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How is your credit score calculated? What is a credit rating and credit score?

Great question! In the UK, your three respective credit scores and ratings are calculated based on the information in your credit report. And your credit reports are made up of the data that Experian, Equifax and TransUnion hold for you.

Included in these scoring systems is the information in your credit history. This is a record of how much you use credit (and how responsibly you manage it), and being a history, it’s built up over a long period of time.

A credit rating is the system that a lender would use to help them decide whether to agree to lend to someone or not, based on how reliable they’ve been in the past and their own requirements. Generated as letters or numbers, each lender will have their own unique way of measuring your rating, so if you’re wondering why you’re not aware of yours, it’s just because the public can’t usually view their own credit ratings.

But that’s not very useful to you, is it? You’d like to have an idea of how likely you are to be approved for credit before you apply, right? Introducing — credit scores. Credit scores are a way for you to get an idea of how a lender may view your application. And it’s based on things like your credit history (including any missed payments, defaults or CCJs, etc.), any people you have joint accounts with, your address history and even whether you are registered to vote.

Tips to keep your credit score healthy

Once you’ve done all the hard work to get your credit score into a place you’re happy with, you’ll want to know how to maintain it. It’s easy once you know how:
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Building your credit history is the name of the game
Keep your oldest credit account open
Routinely check for fraudulent activity happening in your name

Credit score FAQs

What to do if you’ve been a victim of credit fraud

If you spot something on your credit report that suggests that some fraudulent activity has been happening under your name, you might go into panic mode (understandably). But take a deep breath and know that this doesn’t mean the end for your credit rating.

You should however, get your skates on and urgently contact the lenders involved and the credit reference agencies (Experian, Equifax and TransUnion) to flag up what has happened. A 'Victim of Impersonation' note will be added to your credit report for 13 months, but if you’d like something on there for longer to let lenders know what has happened, you can pay for a Protective Registration from Cifas to be on your report.

Either way, these steps will help protect your credit score from fraud and allow future lenders to see that although something untowards has been happening under your name, you’re a victim in the situation and it’s not reflective of your credit habits.

Does paying off debt collections boost my credit score?

If you have had a credit situation that has led to debt collectors being involved, or you need to settle some arrears in a credit agreement, then it is really important to settle the debt as soon as you can.

Missed payments, defaults, County Court Judgments, etc. will be visible to future lenders for six years from the point of settling the debt.
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And sure, six years is not the end of the world, but it can feel like a lifetime if you had a financial goal you were working towards in the more immediate future. You may need to put the new car/property purchase/personal loan on hold for a while, but the positive news is that as time goes by, the incident is less important to lenders looking at your credit report.

So no, paying them off won’t instantly boost your credit score, but it is important to settle them. Making an effort to rebuild your credit history with new evidence that shows you paying off your borrowing on time, every time, will make a big impact on rebuilding your credit score.

If you’re struggling with debt, you can get free help and confidential advice through the charity StepChange.

Will paying off my loan help or hurt my credit score?

Here’s a general timeline of what you can expect your credit score to do during a loan, from beginning to end (assuming that you don’t have anything else happening that could negatively impact your credit score):
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When you take out a new credit agreement like a loan, you will likely see a hard credit check appear on your credit report (too many of these in a short period isn’t advisable).
Then you’ll likely see a dip in your credit score about one to three months after the agreement comes into effect — this is a normal part of credit building, so don’t panic. After a few months of making your payments in full and on time as you agreed, you should start to see your credit score improve because of this good behaviour.
Over the course of the loan, as long as you meet your repayments responsibly, you should theoretically see your credit score grow as you build your evidence of paying off the loan (aka. your credit history).
When you complete a credit agreement like a loan, it’s possible you could see a small dip in your credit score because:
a) It was your only type of ‘instalment credit’ (as opposed to credit cards which are revolving credit). Having a mix of these is helpful for your credit building goal.
b) The loan was the only credit agreement that you had where you were using a low balance, leaving you with other credit agreements showing high balances.
c) It was your oldest credit agreement, cutting your credit history evidence short.Something completely different affected your credit score.
d) Check over our golden rules of credit buliding to see if any of these have happened around the same time.

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Something important to remember here is that credit scores do fluctuate. And that it is totally normal. Keep following those golden rules we mentioned above and you’ll be making good progress with your credit history (which is what lenders are looking at, rather than your score).

Does applying for a new credit card hurt your credit score?

Having a higher credit limit (the overall amount you can borrow on your credit agreements) can be good news for your credit score if you are using them responsibly (i.e. paying back what you’ve borrowed on time and not going above 25% of the available borrowing), and reach a limit of £15,000 or above.

That doesn’t mean you must have that much of a credit limit to be able to build your credit rating though. Displaying positive financial behaviour is most important in our opinion.

Sure, you’ll probably see a temporary drop in your credit score in the first few months of setting up your credit card, but that is perfectly normal and it should start to rebuild itself with that responsible financial behaviour we just mentioned above. In fact, that initial drop in your score would happen with any new financial agreement, whether it’s a phone contract or a mortgage. Breathe easy if you see a little dip in the first few months!

Why join Loqbox?

How does Loqbox Save work?

When you apply for credit, lenders access your credit history through private companies called credit reference agencies (or “CRAs”). The three main CRAs in the UK are Equifax, Experian and TransUnion. Lenders then use your credit history to help them decide whether to lend you money (or not) and what rates to give you.

Lenders want to see that you have a good track record of managing credit responsibly before they decide to lend to you. Because different lenders take different factors into account it can be hard to predict whether you’ll be successful before you apply. So to give you an idea of how lenders might view you, the CRAs create a credit score to help you understand your likelihood of being accepted for credit were you to apply.

You have three credit reports. And a lender might check any of these, so it’s important for you to look at all three. Depending on which CRA’s credit report you check, your score might range from 0-999, 0-1,000, or 0-710. You can check your credit score using websites such as Clearscore, Credit Club and Credit Karma.

How much could I save with a better credit score?

Our memberships

What is full Loqbox membership?

An all-in-one membership to help build your financial health.

With our full membership, you’ll get access to all of our features. For just £2.50 a week.

Full Loqbox membership

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Loqbox Save – Grow your credit score while you save and unlock into an existing account for free (usually £30)* ✔

Loqbox Rent – Make your rent count by growing your credit history while you rent ✔

Loqbox Grow – Boost your credit score by 125 points in 6 months on average ✔

Loqbox Learn – Get the latest financial guidance ✔

Our 25 Points Promise – Improve your score by at least 25 points in your first year or we’ll give you £25† ✔Priority Support – Our expert team are here to chat when you need them ✔

And a personalised financial plan to help you take your next steps towards a richer life ✔

Just £2.50 a week ✔

*Loqbox members can unlock their Loqbox Save into an existing account for free after 26 membership payments.

†Full Loqbox members become eligible for our 25 Points Promise after 52 consecutive membership payments.

*Loqbox members can unlock their Loqbox Save into an existing account for free after 26 membership payments.

†Full Loqbox members become eligible for our 25 Points Promise after 52 consecutive membership payments.
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What is Loqbox Lite?

Our Lite membership gets you started on your journey to a richer life. With Lite membership you can build your credit score with Loqbox Save and grow your financial confidence with Loqbox Learn.

Loqbox Lite

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Loqbox Save – Grow your credit score while you save. Free to use with Lite membership when you open a new account with one of our partner banks (they pay us a commission making it free for you). If you prefer to use an existing account, it’s just £30 for your credit-building, savings and financial guidance journey. ✔

Loqbox Learn – Get the latest financial guidance ✔

‍Free ✔

What is a yearly plan?

Our yearly plan feature is a great way to save money on a Loqbox membership. By paying for your full year’s membership in one go, you can enjoy a big saving on your total membership costs.

The yearly plan currently costs £99 for 12 months of Loqbox membership, which is a saving of £31 and 24% cheaper than a year of weekly £2.50 membership payments.

The all-in-one full membership plan helps you to get the most out of Loqbox, including access to Loqbox Rent, Loqbox Grow and our Points Promise.

You can find out more about what's included here.

What are the benefits for taking out a yearly plan?

When you take out a yearly plan to pay for your Loqbox membership, you save 24% on your total membership payments, compared to paying weekly.

The yearly membership plan also gives you access to all of our brilliant credit-building and financial know-how tools, including Loqbox Save, Loqbox Rent, Loqbox Grow and our Points Promise. That way, you’ll be able to build your credit score (and your financial wellbeing) quickly and with confidence!

When your annual plan is activated, we will autoactivate your Loqbox Grow as this is the fastest way to improve your credit score. This is then reported to the three main credit reference agencies each month, and helps to build your credit history. (Just be aware, however, that if you choose to add any bolt-ons to your Grow account, or you choose to use Loqbox Save, you’ll need to make sure that you’re making those payments on time and in full for the best possible boost to your credit score.)

As a yearly plan member, you will also get two free Flexi Unlocks credited immediately as an additional benefit, which is great if you choose to use Loqbox Save. For more information on what that means for your membership, please click here.

How much does the yearly plan cost?

How do I cancel my yearly plan?

Cancelling your yearly plan is really simple. When you cancel, we’ll downgrade you to our Lite membership plan, which is completely free to use.
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All you need to do to cancel is follow the steps below:

• Log in• Head to the ‘Account’ section
• Click ‘Membership’
• Click on “Manage membership”
• Click on “Choose a different membership plan”
• Click on “Loqbox Lite”
• Click on “Continue to lose my benefits”
• Then click on the reason why you're downgrading and click on "Lose my benefits"

The yearly plan includes a 14-day cooling off period, which means if you cancel your plan during the first 14 days from signing up and you’ve already made your yearly membership payment, you’ll receive a full refund.
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If you cancel after the cooling off period, you’ll still keep your full membership access until the renewal date (which is one year from the date you signed up), after which you’ll be downgraded to the free Lite membership, and you won’t be charged again.

What is a bolt-on?

Bolt-ons are an easy way for you to increase your available credit and give your credit score a boost. When you choose one of our bolt-ons (we have three available – gold, silver, or bronze), we increase the credit limit on your Loqbox Grow account from the standard £500 to £1,000 for a Bronze bolt-on, £2,000 for a Silver bolt-on, or £5,000 for a Gold bolt-on.

You’ll still only use your Loqbox Grow account to pay for your Loqbox products, including your new bolt-on.

To use a bolt-on, you must be a full Loqbox member and have Loqbox Grow active.

Improvements to your credit score are not guaranteed.

What are the benefits of a bolt-on?

Bolt-ons work by increasing your credit limit. This improves your overall credit utilisation rate (that’s the proportion of credit you’re actually using out of the total amount of credit available to you). Because lenders love to see a low credit utilisation rate, it’s a great way to boost your credit score.

The lower your credit utilisation rate, the more likely you are to see bigger improvements to your credit score.

You can either set up a bolt-on when you join Loqbox, or you can go to Loqbox Grow at any time and select ‘bolt-ons’.

Improvements to your credit score are not guaranteed.

How do I choose which bolt-on I want?

To use a bolt-on, you must be a full Loqbox member and have Loqbox Grow active. Loqbox Grow gives you a £500 credit limit, and bolt-ons can be added to Loqbox Grow to boost this.To give our members the most choice and flexibility when it comes to growing their credit scores, we have three tiers of bolt-ons available:

Gold bolt-on: With a £5,000 credit limit, this is our best value and biggest credit building tool available. Giving you ten times the credit limit, it’s our biggest score builder. All for +£20 per month.

Silver bolt-on: With a £2,000 credit limit, this gives you four times the credit limit, so you have even more score-building power. All for +£10 per month.

Bronze bolt-on: With a £1,000 credit limit, you can double your credit limit and boost your score even more. All for +£5 per month.

You can either set up a bolt-on when you join Loqbox, or you can go to Loqbox Grow at any time and select ‘bolt-ons’.

How much does a bolt-on cost?

Can I switch between each bolt-on?

When would I expect to see the new bolt-on credit limit reflected on my credit report?

It takes a little time to see your new credit limit on your credit reports. This is because we report all data to the credit reference agencies who collect your credit reports (Experian, Equifax and TransUnion) at the end of each month for activity in the previous month. So, a payment taken in January, for example, would be reported at the end of February.

This means it can take up to six weeks for your new credit limit to show on your credit report. So if you’ve increased your credit limit within the last six weeks and it’s not yet showing on your credit reports, don’t worry.

What is a credit utilisation rate and how can it help my credit score?

What happens if I miss a membership payment?

If we can’t take your Loqbox membership payment, either because your debit card has insufficient funds, or because your card has expired, we will automatically retry the payment on day 2, day 4 and then day 6 of your membership schedule.

If we still can’t take your payment after that, and you have a Loqbox Save account, we’ll collect the payment from your Loqbox Save account instead. This means that you’ll have uninterrupted access to all of our great Loqbox features.

Any payments taken from your Loqbox Save will affect the amount that you are able to withdraw when you unlock your account.

If you don’t have a Loqbox Save account and you aren’t able to make your Loqbox membership payments, your account will be limited and you won’t be able to access your Loqbox features. To avoid this happening, please make sure that you have enough funds available in your bank account when your debit card payments are due, and that your card details are correct and up to date in your account.

What happens if I miss a Loqbox Grow payment?

Missed payments can negatively impact your credit score, and so we will always try to protect all the hard work that’s gone into building your credit file.

If we can’t take your Loqbox Grow payment(either because your debit card has insufficient funds, or because your card has expired), we’ll try again several times throughout the month to take your payment.

If we still can’t take your payment at the end of the month, and you have a Loqbox Save account, we’ll collect the payment from your Loqbox Save account instead.If you owe more than one month’s worth of payments, we’ll take all outstanding payments at once, unless there isn’t enough in your Save account to cover the full amount owed. In that case, we’ll start with the oldest outstanding payment first. (This means that you won't have lots of missed payments being reported to the credit reference agencies, and there should be less impact on your credit score).

Any payments taken from your Loqbox Save will affect the amount that you are able to with draw when you unlock your account.

If you don’t have a Loqbox Save account and you aren’t able to make your Loqbox Grow payments, we have to report your missed payment to the credit reference agencies, which could harm your credit score. To avoid this happening, please make sure that you have enough funds available in your bank account when your debit card payments are due, and that your card details are correct and up to date in your account.

Why has a payment been taken from my Loqbox Save account?

If you have a full Loqbox membership, or you’ve activated Loqbox Grow, and we’ve been unable to take your payment, we’ll collect the payment from your Loqbox Save account instead. This ensures that you don’t fall behind, and that your credit score isn’t affected by a late payment.

Any payments taken from your Loqbox Save will affect the amount that you are able to withdraw when you unlock your account.

To avoid this happening, please make sure that you have enough funds available in your bank account when your debit card payments are due, and that your card details are correct and up to date in your account.

Can I reverse a payment that’s been taken from my Loqbox Save account?

If your Loqbox Grow or Loqbox membership payment is unsuccessful, and you have an active Loqbox Save account, we can take the payment from your Save account.

If you would prefer to keep that money in your Loqbox Save rather than using it for payments, we can reverse this process and action a refund from your Loqbox Grow, back to your Loqbox Save. However, as a result of this reversal, your Loqbox Grow will automatically close. This is in order to prevent you from going into arrears, and stop any subsequent missed payments being reported to your credit file.

To ensure that your payments are successful, and you don’t have to pay from your Save account, please make sure that you have enough funds available in your bank account when your debit card payments are due, and that your card details are correct and up to date in your account.

How does Loqbox Save build my credit score?

Is Loqbox Save a loan?

No. Loqbox Save is technically a ‘cash redeemable savings voucher’. But you use finance to buy the voucher. This finance element is the part that gets ‘locked’ in your digital piggy bank and is a loan provided by our sister finance company, Loqbox Finance (the trading name of DDC Financial Solutions Ltd).

The finance is transferred from Loqbox Finance on your behalf when you ‘buy’ your Loqbox Save (savings voucher) using the loan. This is how we’re able to report your monthly savings to the credit reference agencies.

When will my credit score go up?

How much will my credit score improve by?

What happens if I miss a monthly payment?

Where is my money locked away and what happens if I need it?

Your money is safe with Loqbox. We keep your money completely separate from our own in a client account with a bank authorised by the Prudential Regulation Authority or an electronic money account held with an electronic money institution (EMI) that is authorised and regulated by the Financial Conduct Authority.

You can unlock at any time. When you do, 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. But if you haven’t made enough regular payments, unlocking early could harm your credit history.

How much does it cost?

Loqbox Save is free to use with our Lite membership when you unlock your savings into a new account with one of our partner banks. This way, we get paid by our partner banks for opening a new account for you — which is how we keep Loqbox Save free.

If you prefer to use an existing account, it’s just £30 for your Loqbox credit building, savings and financial guidance journey. Top tip: Using an existing account to unlock is free with full Loqbox membership!*

*Loqbox members can unlock their Loqbox Save into an existing account for free after 26 membership payments.

Which banks does Loqbox partner with?

What happens after 12 months of Loqbox Save?

We encourage you to use Loqbox Save for the full 12 months. This will lead to the best increase in your credit score and savings. Then, after saving for a year, you’ll unlock your Loqbox Save.

“Unlocking” means transferring your savings into a new or existing account. If you’ve made your payments on time, you should also be able to enjoy an improved credit score.

Many of our members go on to start a new Loqbox Save after unlocking. Saving for another 12 months should help you build your score, and your savings, even more! It’s a really good habit to get into.

*Loqbox members can unlock their Loqbox Save into an existing account for free after 26 membership payments.

What is Loqbox Income?

Sometimes life knocks us down. It's never pleasant to think about but sudden financial hardship can devastate households. Illness and injury can happen to anyone. And unfortunately if you can’t work, you can’t earn.

Did you know that 1 in 3 of us will be off work for more than 2 months at a time, due to illness or injury? And yet only 4% of working age adults have income protection insurance.

We've partnered with Eleos to make income protection accessible and help relieve the financial hardships caused by illness or injury.

With Loqbox Income you can get regular income when you’re unable to work due to illness or injury, increasing your financial resilience and helping you feel less worried about money.

It takes less than 2 minutes to get a quote, and it all takes place online.

Find out more and get started with Eleos here: https://app.uk.loqbox.com/income

What are the benefits of using Loqbox Income?

Income protection (like Loqbox Income) is a way of covering your outgoings, should you find yourself unable to work due to an accident or illness. It means that you have an extra safety net in the light of anything unexpected happening.

When you activate Loqbox Income, you’ll get additional perks through the provider, Eleos. These include access to a virtual 24/7 GP service, access to an emotional wellbeing platform, £6,000 bereavement pay for your spouse or estate in the event that you pass away, and a 20% gym discount with Nuffield Health gyms. That way, you can take care of your mental, physical, and financial wellbeing all at once.

It takes less than 2 minutes to get a quote, and it all takes place online.

Find out more and get started with Eleos here: https://app.uk.loqbox.com/income

How do I activate Loqbox Income?

What if I need to change or cancel my Loqbox Income policy?

Are Loqbox providing the insurance policy?

Boost your credit score with Loqbox Grow

Loqbox is a responsible and reliable way to help boost your credit scoreOur mission is to help you live a richer life — whatever that looks like for you. Join us now to get on your way to a brighter future.

Get Loqbox Grow

Find out more about Loqbox Grow >‍‍

Loqbox Grow is an interest-free credit account that grows your credit score just by using it

Credit scores can be confusing, so if you’re looking to make a positive difference to your score — leave it to Loqbox. Boosting credit scores is what we’re all about!

The quick and easy way to boost your credit score is with Loqbox Grow’s three-part plan:
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Regular reporting

Get started with Loqbox Grow today and make your simple £2.50 a week membership payments count! Watch your credit score boost as we report the regular payments to Equifax, Experian and TransUnion.

Low credit utilisation

Loqbox Grow also gives you alarger amount of credit (without any hard checks or hassle). This means lenders will see you have more access to credit, but you aren’t using much of it — and pssst, they like that!

Combine it with our other powerful tools

Use it alongside our other credit-building tools, and you could see an average increase of 200 points over 12 months with Loqbox Grow, Loqbox Save and Loqbox Rent together (all included with the Full Loqbox membership).

Improvements in your credit score are not guaranteed.

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Loqbox Technology UK Limited is authorised and regulated by the Financial Conduct Authority, FRN 694919. Registered address: Henleaze Business Centre, Henleaze, Bristol BS9 4PN.

Loqbox Technology UK Limited is registered with the Information Commissioner’s Office, registration number Z3176777.

Loqbox™ is a trademark of Nooli UK Limited and used under license by Loqbox Technology UK Limited.

Loqbox Technology UK Limited is a credit broker not a lender, working with selected lenders. Loqbox credit products are provided by Loqbox Finance which is the trading name of DDC Financial Solutions Limited. Loans are provided with 0% APR (interest free). Lines of credit are provided with 0% APR (interest free). You must be 18 years or older to use Loqbox. Terms and conditions apply.

Loqbox products provided before 1st April 2021 were provided by Loqbox Savings Limited, with Company registration number 10583182 and registered address at Henleaze Business Centre, Henleaze, Bristol BS9 4PN. Loqbox Savings Limited is registered with the Information Commissioner’s Office, registration number ZA229901. Funds are held for customers of Loqbox Savings Limited by Loqbox Trustee UK Limited and Loqbox Technology UK Limited who manage redemptions.

Improvements to your credit score are not guaranteed. Missing payments to Loqbox or other credit accounts may harm your score.

United Kingdom

	+10 points saves you	+25 points saves you	+50 points saves you
On a £10,000loan*	£219	£546	£1,088
On a £5,000 credit cardbalance†	£450	£1,000	£1,750

Boost Credit Score, How to Increase your Credit Score Quickly | UK | Loqbox (2024)

Join the money conversation to win £1,000 cash with Loqbox

Sign up for the chance to win £1,000 cash with Loqbox

Sign up for the easy way to improve your credit score by 13th October to be entered into the prize draw.

✔ Grow your score✔ Improve your chances of being approved✔ Save £1,000s on interest rates for credit cards, loans and mortgages

Quickest ways to boost your credit score:

✔ Amend any errors

✔ Register to vote

✔ Remove any previous financial connections

✔ Get started with Loqbox Grow

✔ Keep your debts low, but the amount of credit you could borrow high

Things that take a little longer (but still help to boost your credit score):

✔ Always pay on time

✔ Pay more than your credit card’s minimum payment

✔ Is your name on the bills?

✔ Spread out your credit applications

Want to keep these top tips in a handy PDF?

How can you boost your credit score instantly?

Reasons to boost your credit score quickly

*Based on the difference in interest rates achievable with “Very Poor” and “Poor” credit ratings** Based on the difference in interest rates achievable with “Very Poor” and “Fair” credit ratings

Quick info on credit scores:

How long does it usually take to improve your credit score?

How is your credit score calculated? What is a credit rating and credit score?

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Boost your credit score with Loqbox Grow

Loqbox Grow is an interest-free credit account that grows your credit score just by using it

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✔ Grow your score
✔ Improve your chances of being approved
✔ Save £1,000s on interest rates for credit cards, loans and mortgages

✔ **Keep your debts low, but the amount of credit you could borrow high**

*Based on the difference in interest rates achievable with “Very Poor” and “Poor” credit ratings
** Based on the difference in interest rates achievable with “Very Poor” and “Fair” credit ratings