It was a verbal recommendation that led Sofa Club to DivideBuy – a POS finance provider able to offer soft credit searches, which enable customers to find out their eligibility without impacting their credit score, and a personalised credit decision due to its adaptive lending technology. This allows it to assess each customer’s risk profile to formulate a personalised credit decision and an approval solution that works for them. Depending on an applicant’s personal circumstances, DivideBuy’s solution can provide further options, such as a higher deposit rate and the potential for a guarantor, so that more customers have the chance to be approved.

Sarah added: “The thing that first impressed us with DivideBuy was that it could better support our key customer demographic with a greater variety of options. For example, in some circumstances it requests an additional upfront payment to confirm the order, but this also makes monthly repayments more manageable going forward. “After working closely with the team, we found that there were many more benefits that we could share with our customers, including interest free repayments on all purchases and responsible lending that caters to each customer’s financial circumstances. “What’s even better is that DivideBuy’s solution enables younger customers to build up their credit scores for the future and gives them a fantastic introduction to making purchases with credit. This then educates them on what instalment payments should and can look like with a lender that has both the customer’s and the retailer’s best interests at the heart of its lending process.”