Cancellation service #1 in Nigeria
Dear Sir or Madam,
I hereby notify you of my decision to terminate the contract relating to the Loqbox service.
This notification constitutes a firm, clear and unequivocal intention to cancel the contract, effective at the earliest possible date or in accordance with the applicable contractual period.
Please take all necessary measures to:
– cease all billing from the effective date of cancellation;
– confirm in writing the proper processing of this request;
– and, if applicable, send me the final statement or balance confirmation.
This cancellation is addressed to you by certified e-mail. The sending, timestamping and content integrity are established, making it a probative document meeting electronic proof requirements. You therefore have all the necessary elements to proceed with regular processing of this cancellation, in accordance with applicable principles regarding written notification and contractual freedom.
In accordance with personal data protection rules, I also request:
– deletion of all my data not necessary for your legal or accounting obligations;
– closure of any associated personal account;
– and confirmation of actual data deletion according to applicable privacy rights.
I retain a complete copy of this notification as well as proof of sending.
Cancel Loqbox: Step-by-Step Process
What is Loqbox
Service overview
Loqbox is a UK-based online service that helps people build credit while saving money by locking funds into a virtual savings product called Save and offering membership features such as Grow and bolt-ons.
It is primarily offered to UK residents and links savings behaviour to credit-reporting and credit-building tools.
Availability note
Loqbox's pricing and operations are focused on the UK market and the company does not list Nigeria as an available market for its paid plans.
If you are in Nigeria, you may not be able to sign up for or access all Loqbox services and local support options may be limited.
How to cancel Loqbox
Immediate steps to cancel
- Sign in to your Loqbox account and go to Manage Membership.
- First downgrade your membership to the free "Lite" plan.
- After downgrading choose "Cancel my membership and close my Loqbox account".
Special cases and Save
- For yearly memberships: cancel in the same way; your membership remains active until the end of the 12-month term and you will not be charged again.
- Loqbox Save has its own unlocking (cancellation) window of 14 days during which you can cancel and receive a refund.
What happens when you cancel
Access and billing
After cancelling you retain access to paid features until the end of your current billing period or 12-month term for yearly plans.
No further recurring charges will be applied after cancellation if the process is completed correctly.
Data and account closure
Closing your Loqbox account removes membership access; check your account settings for any data retention or export options prior to closing.
If you used Loqbox Save, any unlocking or refund process may affect credit-reporting depending on timing and Save status.
Will I get a refund?
14-day cooling-off period
Loqbox offers a 14-day statutory cooling-off period from sign-up during which you are automatically eligible for a full refund if you cancel.
See the Loqbox refund guidance for details: Refund guidance.
After the cooling-off period
- Outside the 14-day cooling-off window, refunds are generally not available.
- You may contact member support to request a refund, but there is no guarantee that one will be issued.
- If you cancel Save on the same day a payment was taken, refund timing can depend on your bank and may take several working days to appear.
Loqbox plans and pricing
Available plan types
Loqbox offers membership tiers (including a free "Lite" tier), monthly and annual memberships, plus Save and bolt-on features.
Because pricing is not available for Nigeria and public pricing is shown in GBP for UK customers, specific local prices are not provided here.
Pricing table
| Plan | Price | Billing |
|---|---|---|
| Lite (free) | Varies | Varies |
| Monthly membership | Varies | Varies |
| Yearly membership | Varies | Varies |
| Loqbox Save | Varies | Varies |
Your consumer rights in Nigeria
Local availability and rights
Loqbox is not listed as available in Nigeria; therefore Nigerian consumer protections may not directly apply to Loqbox transactions handled in the UK.
If you accessed Loqbox from Nigeria, your rights may depend on where the purchase was processed and which terms you agreed to at sign-up.
Practical steps for Nigerian customers
- Check the jurisdiction and terms shown in your Loqbox account and confirmation emails.
- Contact your card issuer or bank if you need help with chargebacks, refunds, or delays in receiving funds.
- If the transaction was processed in the UK, the UK 14-day cooling-off practice applies to UK customers; verify eligibility in your case.
Customer experiences
Positive feedback
Many users praise Loqbox for being easy to use and for motivating savings and credit-building through clear progress tracking and updates.
Some customers report measurable credit-score improvements within months and value the discipline Save enforces.
Negative feedback
Criticisms include that cancellation steps are not obvious, since you must downgrade before you can cancel, and some users reported continued charges or refund delays.
A small number of users reported issues such as credit score drops after opening Save or unresolved refund disputes escalated to formal complaints.
Documentation checklist
Account and transaction details
- Account email and username used for Loqbox.
- Transaction dates, amounts, and payment method (card or bank).
- Screenshots of Manage Membership page showing downgrade and cancel options.
Support and refund evidence
- Copies of any support tickets, emails, or chat transcripts with Loqbox support.
- Bank statements or transaction IDs showing the payment and any returned funds.
- Notes on dates within the 14-day cooling-off period if applicable.
Common mistakes
Not downgrading before cancelling
A common error is trying to cancel directly without first downgrading to the free Lite plan. The correct sequence is downgrade, then cancel.
If you miss the downgrade step, cancellation options may be hidden or rejected by the system.
Expecting refunds outside policy
Many users expect refunds after the 14-day cooling-off period; Loqbox's stated policy is that refunds are only automatic within 14 days.
Contacting support later may help in exceptional cases, but do not assume a refund will be granted automatically.
Comparative recap
Quick feature comparison
| Feature | Cancel requirement | Refund within 14 days | Access after cancel |
|---|---|---|---|
| Monthly membership | Downgrade to Lite, then cancel | Yes (automatic) | Access until end of billing period |
| Yearly membership | Downgrade to Lite, then cancel | Yes within 14 days | Access until end of 12-month term |
| Loqbox Save | Unlock/Cancel via Save controls | Yes if unlocked within 14 days (Flexi Unlock) | Depends on unlock status and reporting |
| Pausing membership | Not available; downgrade or cancel specific features | Not applicable | Not applicable |
After cancelling
Follow-up actions
Keep copies of confirmation emails and screenshots that show your downgrade and cancellation completion.
If you expect a refund, monitor your bank statement and allow several working days for processing.
Useful links and support
- How to cancel your membership
- Refunds: what to expect
- Loqbox Save cancellation period
- Official refund policy
Address
Official correspondence address
LOQBOX Technology UK Limited, Henleaze Business Centre, Henleaze Business Centre, BS9 4PN Bristol, United Kingdom.
Use this address for formal postal correspondence if required.
Notes for Nigerian customers
No Nigeria-specific postal address for Loqbox is available from public sources; international correspondence should use the UK address above.
If you are in Nigeria and need further help, contact your bank or card issuer for assistance with refunds or chargebacks.
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FAQ
Important warning regarding service limitations
In the interest of transparency and prevention, it is essential to recall the inherent limitations of any dematerialized sending service, even when timestamped, tracked and certified. Guarantees relate to sending and technical proof, but never to the recipient's behavior, diligence or decisions.
Please note, Postclic cannot:
- guarantee that the recipient receives, opens or becomes aware of your e-mail.
- guarantee that the recipient processes, accepts or executes your request.
- guarantee the accuracy or completeness of content written by the user.
- guarantee the validity of an incorrect or outdated address.
- prevent the recipient from contesting the legal scope of the mail.