Statements

How do I read a Credicorp Flex statement?

A Credicorp Flex statement looks a little different from a term-loan statement because Flex is a revolving facility: you draw funds when you need them and repay as you go, so the statement records that ebb and flow rather than a fixed schedule.

What is on it

You will see drawings (money taken from the line), repayments, and the charge for using the facility, with the balance rising and falling across the period. The summary panel shows the position for the period. See the summary panel and how Flex charges are structured.

Why it varies month to month

Because your drawing and repayment activity varies, so does the statement — a busy month shows more movement, a quiet one very little, and a period with nothing outstanding can show a near-nil statement. See what a nil or zero statement means and why Flex and Slice statements look different.

Reconciling it

Match each drawing and repayment to your bank feed as usual. See how to tell a Flex statement from a Slice statement and using statements to reconcile your facility.

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: Why Flex and Slice statements look different, How to tell a Flex statement from a Slice statement, How Flex charges are structured.

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