Interest Free Credit 19 June 2022 at 1:26PM edited 20 June 2022 at 12:40PM in Loans 3 replies 143 views

Louise75_2

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.

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.

[Deleted User]

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.

Brie

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.

sarah1972

PM’d forum team to move to a relevant board on Monday x