Payments

Can I schedule my payments in advance?

If you like to get ahead of your obligations, you can line payments up in advance rather than making each one when it falls due. There are a couple of ways, depending on how your facility collects.

A Direct Debit already schedules for you

If you pay by Direct Debit, your payments are effectively already scheduled — each collection runs automatically on its date, so there is nothing to set up each month. Your job is simply to keep the account funded. See how Direct Debit collections are timed.

Scheduling manual payments

If you pay manually, you can future-date transfers or set up a standing order so payments go out automatically on the right dates. A standing order suits fixed instalments; for a variable Flex collection, an exact transfer each time is safer. See how to set up a standing order and setting up a payment schedule.

Getting ahead with overpayments

If "in advance" really means paying down faster, see paying ahead to build a buffer and setting up regular automatic overpayments.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: Setting up a payment schedule, How to set up a standing order for repayments, Paying ahead to build a buffer.

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