Your LOQBOX is not a traditional loan, the loan involved in LOQBOX is to finance your LOQBOX, so you won't receive any credit to spend.
You’ll be able to access your savings once you’ve 'unlocked' your LOQBOX, at the end of the 12 months.
Articles in this section
- What is ClearScore Build?
- How does ClearScore x LOQBOX work?
- When will my credit score go up?
- Can I access the loan to spend it?
- What happens when I’ve made all 12 payments?
- What should I do if I’m struggling to make repayments?
- How do I close my LOQBOX?
- How long does it take to receive my savings, after I've 'unlocked' my LOQBOX?
- If I 'unlock' my LOQBOX early, will you remove the loan from my credit report?
- Will 'unlocking' my LOQBOX early have a negative impact on my score?