Loan provider profile: Marks and Spencer
Marks & Spencer is a household name, with over 450 stores in the UK, used by some 10 million UK customers a week. Worldwide, Marks & Spencer has 150 stores worldwide, operating in 30 countries.
In 1985 Marks & Spencer launched its financial arm (formerly Marks and Spencer Financial Services plc.), thereafter rebranding it as Marks & Spencer Money. In November 2004, M&S Money was sold to HSBC, one of the world's largest banking and financial services organisations.
M & S Money offers a wide range of financial services, such as the Marks & Spencer More credit card, investments, insurance and savings. It employs around 1,500 staff at its Chester (UK) headquarters.
The core values of M & S retail - Quality, Value, Service, Innovation and Trust – are shared by Marks and Spencer Money, offering a plethora of financial solutions.
The Marks & Spencer Money Personal Loan (internet) has many benefits, including a repayment holiday for up to 3 months at the outset of the loan; flexible rescheduling; and the ability to use the loan to consolidate debts.
Marks & Spencer Money also offer non-internet personal loans and M & S Money car loans.
There is also the option to take Payment Protection Insurance with their loans.