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We Tried Dividebuy


It's a concept which runs like a pay monthly catalogue, a company called Dividebuy will offer you a credit facility which you can use across a range of websites for items like Car Tyres, Toys, Garden Furniture, Electrical products, pretty much anything you like.

Interest free credit available

Divideby offer a pretty easy to complete application, they talk about Interest free credit and how easy opening an account is. You get a members area to login and you can set up repayments by continuous authority using a debit or credit card.

But back to the application, we completed the application was offered to either pay a small deposit (upfront payment) or provide a guarantor, this is for an item which cost just over £100.

Not too fast delivery from Trackpack (the company we ordered from)

We went ahead and ordered our item and paid a premium for delivery to ensure faster delivery.

The delivery didn't arrive on time, in fact, it took a week longer than it was supposed to, I contacted the company who told me to contact the Store in question, I was promised a refund for the delivery costs but that never materialised.

Trackpack blamed Dividebuy for offering this option which couldn't be removed. I just wanted my postage premium repaid but there you go. If you do go ahead and order, just use standard delivery to be safe.

Guarantor for Credit

We paid a small amount upfront according to them because of our credit status (That's strange, no one else asks us to pay anything and we hold a range of products) but anyway, we did enjoy the full 4 months interest free.

The concept is pretty good, they have many outlets, however, unlike a catalogue, you appear to need to reapply each time you wish to spend.

What is a Ghost Credit Limit

You do get a credit limit, it's called a Ghost limit, mine's £5000, it means nothing, on a recent attempt to place an order from a different retailer we was once again asked to either pay something up front or find them a Guarantor.

In their own description, a Ghost credit limit means a limit that based upon your last credit check and payment history, it's not guaranteed and doesn't actually mean anything.

It's not for everyone

Someone else I know who has slightly average credit was asked to provide a Guarantor before a decision could be made.

The idea is good, the choice is brilliant, we had no issues dealing with the company, they seem to be offering a genuine service, they didn't credit search me or report back to any of the credit reference agencies, although in the terms and conditions it says they do.

Would we recommend Divideby? Yes…

Overall, if you are thinking about Divideby then I can recommend them as being a good finance company, they didn't do anything to upset me (That can be pretty tricky) but the concept of having a Ghost Limit annoys me, if they aren't going to be happy to lend without a Guarantor or revised upfront payment, take that away!

You can find more out about Divideby here.

9.5 Total Score
Dividebuy Finance

A great concept, order from literally hundreds of websites and spread the cost.

Application (ease of applying)
9.5
Products available to buy
10
Members Area
9
Credit Limit
5
PROS
  • Easy application
  • Fast response
  • No hassle repayments
  • Members Area to keep track of payments
CONS
  • Guarantor maybe Asked for
  • Small upfront payment could be required
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Dad of 7, including Autistic Twins, first hand experience in Credit problems following the challenges faced with having Autistic children. (Unable to work due to supporting their needs, My credit rating became what can only be described as wrecked) Using my own experience, Credit 4 Everyone was born. A website dedicated to the rebuilding of a UK credit rating. The site was born providing the struggles in getting accepted and as things improved, the challenges one faces in maintaining a good credit rating. On this website you will find information regarding Pay monthly Credit catalogues, buy now pay later, mobile phone contracts for bad credit, current account options when your credit rating stops you getting even the most basic of services and personal loans/car finance. I will share my own experience which shows you how I built a credit rating with an Experian credit score of 120 and Equifax of 90 to a Credit rating both rated as Good in 2 years. How you can rebuild your credit rating, the companies that will help you on the journey and how things can improve. About the website Pay Monthly Catalogues with Credit, Buy it now pay later, Guaranteed Mobile phone contracts and Guaranteed no credit check bank accounts. Credit 4 Everyone specialise in helping people with bad credit get the credit they need. We offer Financial products and services for everyone and work hard to review products, our aim is in Helping you get accepted with our helpful hints and tips.

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