Plenty of companies fall behind at some point and recover well. Arrears are a phase to work through, not a permanent mark. The goal is to get your account back to its normal rhythm in a way the business can actually sustain.
Stabilise first
The first job is to stop the gap growing. That usually means agreeing a temporary arrangement so the company is paying something steady while it recovers, rather than nothing at all. Stability buys you the room to rebuild.
Clear the backlog at a realistic pace
- Agree how the missed amount will be caught up over time.
- Set a pace that fits your company's real cash flow, not an optimistic one.
- Build in a margin so an ordinary bad month does not knock you off course.
Return to your normal schedule
Once the backlog is under control, the aim is to move back to your agreed repayments at the rate shown in your offer and over your agreed term. We will confirm with you when the account is considered back on track.
Stay in touch as you recover
If your recovery is bumpier than hoped, tell us early rather than risk slipping again. Whether you hold Credicorp Flex or Credicorp Slice, ongoing contact is what keeps a recovery on track. A company that communicates is one we can keep working with.
See also: What are arrears?, What actually happens if my company misses a Credicorp repayment? and How arrears affect your company's future borrowing with us.