Slice splits one bill into three or four instalments, and life means an instalment can sometimes land at an awkward moment. If that is coming, the single most useful thing you can do is tell us before it is due — it almost always leads to a better outcome than a payment simply failing.
If an instalment is missed
- A missed instalment may add a single late-payment fee, set out in your Slice agreement.
- There is no penalty interest rate and nothing compounds — the cost does not start spiralling.
- The total cost of credit stays capped at 100% of the bill, however late a payment is.
- We would far rather agree a short arrangement than escalate.
Contacting us early to reshape an instalment is not treated as a default, and asking for support is never reported to credit reference agencies as a missed payment. If your business is going through a genuinely tight patch, that is exactly when to talk to us — see setting up a repayment arrangement.
If money is tight more widely
Sometimes a missed instalment is a sign of a broader cash-flow squeeze. If so, see what to do if you are struggling to pay, and remember free, independent help is available from Business Debtline on 0800 197 6026.
For how the cost is built and capped, see how much Slice costs. Because this is lending to a company for business purposes, it sits outside FCA consumer-credit regulation under Article 60B FSMA RAO 2001 and is not covered by the Financial Ombudsman Service or the FSCS.
See also: Can I repay Credicorp Slice early?, Can I use Slice more than once?, Can I change my Slice instalment dates?.