Credicorp Flex is lending to your company, so it is the company's circumstances we look at, and it is the company's borrowing position that the facility relates to. It is not personal credit and it does not involve a personal guarantee from any director.
What we assess
- The company's trading position and how it manages its obligations.
- Information relevant to setting an appropriate limit and terms.
- How the facility is used and repaid over time once it is live.
Why managing it well matters
Like any business borrowing, how a company handles a facility can form part of the wider picture lenders and partners see of that company over time. Repaying drawings on schedule and keeping within your limit reflects well; missed or late repayments do not. Treating Flex as a managed business tool, rather than an open tap, supports a healthy company profile.
The protection point
Because this is business lending to a limited company or LLP, it sits outside the FCA consumer-credit regime. The Financial Ombudsman Service and the Financial Services Compensation Scheme do not apply. If you have questions about how your facility is reflected anywhere, contact our support team and we will explain what we do and do not share.
See also: How does Credicorp Flex work?, Is Flex a good fit for a seasonal business?, Who in my company can manage the Flex facility?.