Loqbox and ClearScore Launch Embedded Support for Declined Credit Applicants

Loqbox, the award-winning credit-building platform, has expanded its partnership with ClearScore to help more users who are declined for credit take steps to improve their financial prospects.

Building on their existing relationship, the partnership now incorporates ClearScore’s recently launched embedded finance proposition, which provides personalised credit offers for credit cards and loans.

Loqbox is now linked to the credit marketplace, so when a user is declined for credit, they are immediately offered an alternative – giving them a practical way to build their credit profile, improve eligibility for future products, and strengthen long-term financial resilience.

The referral enables users to discover and start using Loqbox’s tools at the point they most need support.

Tom Eyre, CEO and Co-Founder of Loqbox, said: “For too many people, a declined application feels like a dead end. This partnership changes that. By providing a clear next step at the very moment it’s needed, we’re giving people practical, proven tools to build their credit score and improve their financial future – even in today’s challenging economic climate.

“Our focus has always been clear communication, education, and user-friendly experiences, underpinned by strong compliance, so people feel confident and supported throughout their journey.”

The launch comes at a time when the cost-of-living crisis is leaving more people excluded from mainstream credit. Rising household costs, higher interest rates, and tighter lending rules mean that even financially responsible individuals may struggle to meet lenders’ affordability checks, making access to credit increasingly challenging.

Tom Markham, UK GM at ClearScore, added: “We have been scaling our data-driven marketplace capabilities, making our platform available via retail and financial partner sites. When someone is declined for a product, they won’t be left without options. Instead, they’ll be guided towards Loqbox as a practical, empowering next step. In this way, we are addressing new FCA expectations around responsible lending and ensuring consumers have every opportunity to find suitable credit options.”

Loqbox has supported almost two million members in building credit and managing their finances, with measurable results across credit scores, access to credit, and potential long-term savings

Credit outcomes:

• 89% see a credit score increase within three months
• 85% access credit within six months
• Full members  see average score increase of 200 points in 12 months

Financial outlook:

• Members could gain lifetime savings of up to £50,000 from lower interest rates
• Members have four times lower credit card default rates than the market average

Financial wellbeing impact:

• 80% feel more motivated and in control

Loqbox’s growing impact on consumer financial wellbeing has been recognised with the 2025 SPARKies FinTech Business of the Year and Finder’s Best Credit Building Service 2025 awards.

This new launch builds on Loqbox’s long-standing relationship with ClearScore, established through earlier credit-building initiatives, and lays the groundwork for future developments, including smarter data sharing and performance optimisation.