Demand for interest free credit rises


Demand for interest free credit rises

DivideBuy says it has welcomed dozens of new retailers as DIY and home improvement sectors boom. The lendtech firm DivideBuy has signed up over 50 new retailers so far this year, more than half of which are from the DIY and home improvement sector. DivideBuy provides interest-free credit (IFC) solutions to over 500 retail partners across the UK, allowing their customers to spread the cost of their purchases, completely interest-free. Retailers are experiencing greater demand for higher ticket items as a result of the credit offer.

James Bradley, director of sales and business development at DivideBuy, said: “Consumers are increasingly favouring the flexibility of interest-free credit to spread payments. It’s now one of the world’s fastest-growing payment methods – a trend that we’ve seen home improvement brands leverage in order to increase sales and better service their customers”.

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