Talking to us is one source of support, but it is healthy to get independent advice as well, especially if your company is facing pressure from more than one creditor. Several reputable UK organisations offer free, impartial help, and seeking it is a sign of good management rather than weakness.
Where to start
- Business Debtline, run by the Money Advice Trust, gives free and confidential debt advice to self-employed people and small businesses across the UK.
- Citizens Advice offers general guidance and can point you to specialist help.
- The Insolvency Service publishes clear information on company options if difficulties become serious.
- Licensed insolvency practitioners can advise on formal company procedures, and an initial conversation is often free.
What good advice looks like
A good adviser will look at your whole position, not just one debt, and help you prioritise. They will not pressure you into a particular product and they will explain the trade-offs of each route in plain terms.
Because Credicorp lends to limited companies and LLPs for business purposes, you are outside the consumer-credit regime, so the Financial Ombudsman Service and FSCS do not apply. That makes independent business-focused advice all the more worthwhile. We are happy for you to take advice and will work alongside any reputable adviser you appoint.
See also: Where can my company get free, independent business debt advice?, How we support directors in vulnerable circumstances and Where can I get free, independent debt advice in the UK?.