- Warning: Late repayments can cause you serious money problems. For help, contact MoneyHelper<\/a>.<\/li><\/ul><\/div><\/article>
How much does DivideBuy cost to use?<\/h3>
DivideBuy doesn\u2019t charge any interest or fees to use its services. There are no late payment fees and no additional interest if you don\u2019t make a payment.<\/p>
What happens if I can\u2019t make a payment?<\/h3>
If you are late making a payment with DivideBuy, you won\u2019t be charged a fee or any additional interest. However, DivideBuy does report missed payments to the credit reference agency TransUnion. This means late payments will show up on your credit report and could affect your credit rating and your ability to get credit in the future.<\/p>
How to sign up for DivideBuy<\/h3>
Simply complete a purchase through one of the retailers working with DivideBuy and select DivideBuy as your payment method. As you are guided through your credit application, you are also creating your DivideBuy account. <\/p>
Note that when you complete your application in full, a hard credit check will be carried out. This can have an impact on your credit score, though this is usually only temporary. However, most of the retailers working with DivideBuy offer an eligibility checker before checkout. You can use this to see how likely you are to get accepted for credit before you apply in full. Eligibility checkers only use a soft credit check so won\u2019t hurt your credit score.<\/p>
What can I do if something goes wrong?<\/h3>
On the off chance that you encounter a problem with DivideBuy, we suggest taking a look at the list of frequently asked questions<\/a> on the site. Can\u2019t find your question on there? Chat online<\/a> with a DivideBuy customer service expert, or email the team at hello@dividebuy.co.uk<\/a>.<\/p>
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<\/div>\nEven though you won\u2019t be charged a fee for late or missed payments, these will be reported to TransUnion and will show up on your credit report for other lenders to see. For this reason, it\u2019s important to always make your payments on time and never spend more than you can afford to pay back.\u201d<\/p>\n