Interest Free Credit

Louise75_2 Posts: 4
First Post First Anniversary Combo Breaker
edited 20 June 2022 at 11:40AM 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.



  • [Deleted User]
    [Deleted User] Posts: 35,242
    First Anniversary Photogenic Name Dropper First Post
    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
    Brie Posts: 9,345
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    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.”
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