When money is tight it is tempting to react in ways that feel protective but actually make things harder. Here are the common mistakes we see, and what to do instead.
Do not go quiet
Avoiding our calls and messages is the single most damaging thing you can do. Silence removes our ability to help and pushes the account further down the recovery process. Even a quick reply to say "I'm dealing with it" keeps you in a much stronger position.
Do not cancel the payment method without telling us
Cancelling a mandate or card quietly does not pause the obligation; it just causes a failed payment and looks like avoidance. If you need to stop a payment, talk to us first and we can arrange it properly.
Do not borrow recklessly to plug the gap
- Taking on expensive emergency finance to cover one payment can deepen the hole.
- A planned arrangement with us is usually cheaper and calmer than scrambling for new credit.
- If you are considering other lenders, weigh the full cost first.
Do not promise more than the company can pay
An arrangement only works if it is realistic. Agreeing to a figure you cannot meet just leads to another broken promise. Be honest about what Credicorp Flex or Credicorp Slice repayments your company can sustain, and we will work from there.
See also: Can my company make a partial payment if it cannot pay in full?, How do I spot the early warning signs of cashflow trouble? and How do we avoid making difficulty worse with quick-fix borrowing?.