If your company has strong months and quieter ones, you might want to pay ahead while cash is plentiful so a leaner month feels less tight. Whether and how this works on a Credicorp Flex or Credicorp Slice facility depends on your agreement, so it is worth checking before you rely on it.
How paying ahead is treated
Money paid above your due amount is credited to your facility. Depending on your product, that credit may reduce the outstanding balance or be held to offset an upcoming payment. These are different outcomes, so ask your account team which applies before you assume a future collection will be skipped.
What to confirm
- Whether an advance payment reduces the balance or sits as credit against the next payment.
- Whether your Direct Debit will still attempt to collect as normal.
- How the advance shows on your statement and schedule.
A note of caution
Paying ahead is not the same as cancelling a future Direct Debit. If you want a specific collection paused, you must arrange that with us, otherwise the scheduled payment may still be taken. We will confirm exactly how your advance has been applied.
Credicorp lends only to UK limited companies and LLPs for business purposes, outside the FCA consumer-credit regime.
See also: Can my company make a partial overpayment?, How does Slice pay my supplier?, Can I object to how you use my data?.