Interest Free Credit

edited 20 June 2022 at 12:40PM in Loans
3 replies 143 views
Louise75_2Louise75_2 Forumite
4 Posts
Part of the Furniture First Post Combo Breaker
edited 20 June 2022 at 12:40PM in Loans
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.



  • 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.
  • BrieBrie Forumite
    5.7K Posts
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    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.
    "Never retract, never explain, never apologise; get things done and let them howl.”

    2023 £1 a day  £54.26/365
  • sarah1972sarah1972 Forumite, Ambassador
    17.9K Posts
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    PM’d forum team to move to a relevant board on Monday x
    I’m a 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 [email protected] All views are my own and not the official line of MoneySavingExpert.
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