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Interest Free Credit

Louise75_2
Posts: 4 Newbie


I would like to purchase some furniture from John Lewis amounting to £4000. Does anyone know how credit allowance is calculated for John Lewis? I would like to know what my annual income needs to be to purchase items for a specific amount, preferably over 24 months which I think I need to spend 2000 to acquire.
I would like to know this in advance to avoid the risk of being refused and it affecting my credit score.
I would like to know this in advance to avoid the risk of being refused and it affecting my credit score.
Their website states that the minimum income is £10,000 to apply for credit but there is no further information regarding income and amount spending.
I am self-employed, if this makes any difference.
Thanks.
I am self-employed, if this makes any difference.
Thanks.
0
Comments
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You won't know until you apply. Income is only one factor in lending.
Don't worry about a drop in the pretend credit score. A search will have no impact on a well managed file.0 -
It may be affected by how much credit you currently have available even if you are not using it.
If you have 2 cards with £20k total available then that may be taken into account on whether you could afford to pay back the additional £4k to JL. And if you have cards available with nothing on them you might want to check if there are any 0% deals in case the JL credit isn't forthcoming.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe and Old Style Money Saving boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
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PM’d forum team to move to a relevant board on Monday xI’m a Senior Forum Ambassador and I support the Forum Team on Competitions Time, Shopping & Freebies boards, Employment, Jobseeking & Training boards If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.1
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