I own a successful furniture business that has grown from £7m to £65m over the last 5 years. We did this without taking on any long-term debt or equity partners – instead paying little in dividends and holding our balance sheet to allow for continued growth. However, we have taken short term facilities with our … Read more
Lee Boys: Why wouldn’t John Lewis want loyal, reliable customers using his credit cards? By Lee Boyce for the Daily Mail published: 6:00 PM EST, November 1, 2022 | Updated: 06:22 EDT, November 2, 2022 Another week, another Money Mail mailbag full of complaints about John Lewis credit cards. Dozens and dozens of you have … Read more
John Lewis has turned down tens of thousands of applicants who have applied for the new reward credit card. Almost 600,000 orders were successfully processed after it moved its provider from HSBC to NewDay. About 4 percent were rejected for it – including some re-applications. This could amount to as many as 25,000 failed apps, … Read more
Concerns about huge debt related financing for new and used cars are growing as the cost of living crisis grips household budgets. Car borrowing has risen 253 per cent in just over a decade, from £11.2bn a year in 2009 to nearly £39.6bn in the past 12 months, according to a new report. With average … Read more
Young adults are twice as likely to turn to high-interest payday lenders as they are to nonprofit community lenders, finds research from the government-supported Pensions and Money Service. Friends and family were the number one source of loans for the group aged 25 to 34, with 26 percent saying they would turn into “close contacts”. … Read more