Companies often worry that a period of arrears closes the door on borrowing again. The honest answer is more nuanced: arrears are taken into account, but how you handled them matters at least as much as the fact they happened.
What we look at later
- Whether you engaged with us when difficulty hit.
- Whether an arrangement was agreed and kept.
- How the company's overall position has developed since.
- The current health and trading of the business.
Handling difficulty well counts in your favour
A company that hit a rough patch, talked to us early, agreed a sensible plan, and saw it through demonstrates exactly the kind of responsible management we want to see. That track record can support a future application more than an unblemished but untested history.
What works against you
Going silent, breaking arrangements without warning, or letting an account escalate all weigh more heavily than the original difficulty. The behaviour around the arrears is the real signal.
No guarantees, but no permanent black mark
Every future application for Credicorp Flex or Credicorp Slice is assessed on its own merits at the time. Past arrears are part of the picture, not an automatic refusal. Resolving them properly is the best thing you can do for your company's future options.
See also: Will asking for help affect my company's ability to borrow from you again?, Will a late or missed payment affect my company's future borrowing? and Getting your company back on track after arrears.