Interest free finance details

Do you have a finance option?

Yes, we work with a finance company named DivideBuy. This option allows you to spread your payments across 3-12 months, interest-free.

How do I pay for my OTTY order on finance?

When you get to the checkout, you can select the finance option at the final stage. Your billing address and the delivery address must be the same.

How do I qualify for the finance option?

Your order total must exceed £50 to qualify for the finance option with OTTY. 

Are there any other charges or fees on your finance payment option?

We currently offer 0% (Interest-Free) credit for up to 12 months, using a third-party provider (DivideBuy).

The cost of the facility is fully covered by OTTY and is entirely free to use for you. There will be no other fees further down the line unless a payment is missed as per the agreement with DivideBuy.

Will a credit check be performed?

DivideBuy will offer a soft search credit check before the full application

DivideBuy uses a third-party credit reference agency to perform a credit check. This is combined with your entered details and our unique algorithm to assess affordability.

The model looks at your ability to pay today, not at what may have happened in the past. Because of this, DivideBuy can offer interest-free credit to more people​ and currently holds a 96% approval rate.

A decision will be made within a few seconds and we can then process your order.

I have a low credit rating can I still apply

Sure, our finance approval rate is 96% and as they are a lender themselves and do not work with a bank, they can be much more flexible in offers for finance. If your credit rating is lower or you have missed some payments and are marked as an increased risk, DivideBuy may ask for a deposit, will offer a shorter term only, or require a guarantor.

I tried to pay via finance but my credit card was declined, why?

If you would like more information on why your credit application was declined, please get in touch with our customer service team who will be happy to advise.

T: 0800 085 0885 E: customerservice@dividebuy.co.uk

Online chat https://dividebuy.co.uk/help/

https://dividebuy.co.uk

When will the first instalment be taken?

Your first instalment will be taken when you place your order.

Can I alter my monthly instalment amount?

Once DivideBuy has confirmed your finance agreement with them, you will be given access to your account where you can alter your monthly instalments or pay the remaining balance.

Can I return a product purchased with finance? 

Yes, once the mattress has been returned and the return approved by our returns team, we will inform the finance company and any payments made towards your purchase will be returned and the Direct Debit cancelled.

Do not cancel your Direct Debit yourself before the application is cancelled, as this could cause a missed payment and could result in a negative mark being left on your credit score.

Why was my application declined? 

We’re sorry to hear that your application for finance was declined. We can’t influence our finance partner’s decision and they don’t share any information with us on why an application has been declined due to confidentiality laws. Here’s an outline of what can be considered with your application:

• Your credit history.
• Whether you're employed or retired and have considered your ability to afford and sustain the repayments.
• If you're a permanent UK resident, over 18, and able to supply three years of address history.
• If you have a debit or credit card.

Further information 

You can also find further details on the link below or contact one of the team for further help 

https://otty.com/pages/mattress-financing