We believe in being upfront about this. Credicorp Slice is credit provided to limited companies and LLPs strictly for business purposes, which places it outside the FCA consumer-credit regime.
What that means
- The Financial Ombudsman Service does not cover Slice agreements
- The Financial Services Compensation Scheme (FSCS) does not apply
- The consumer-credit protections designed for individuals do not attach to this business borrowing
What you do have
You have a clear agreement that sets out the schedule, the total cost of credit and your obligations before you commit. You have a defined complaints process with us directly, and a team you can reach if something is not right. We hold ourselves to responsible lending standards because it is the right way to run a business lender, not only because a regulator requires it.
Why we say this clearly
A business choosing credit deserves to know exactly where it stands. Knowing that the consumer safety nets do not apply should sharpen the care you take in reading your offer — which is exactly what we want. If anything is unclear, ask before you accept.
See also: Why doesn't the Financial Ombudsman Service apply to my complaint?, What protections apply when a loan is outside the FCA regime?, Does Slice require a personal guarantee?.