Credicorp lends only to UK limited companies and LLPs for business purposes, so all repayments come from a business account in the company's name. We support a small number of reliable methods and we recommend Direct Debit for almost every borrower.
The methods we accept
- Direct Debit — the default for both Credicorp Flex and Credicorp Slice. Scheduled payments are collected automatically on the due date shown in your agreement.
- Bank transfer (Faster Payments or CHAPS) — useful for one-off overpayments or settling early, using the reference on your statement.
- Card payment — available through your online account for ad hoc payments where supported.
Why Direct Debit is our recommendation
Direct Debit means you never have to remember a due date, and a missed payment is far less likely. It is the lowest-effort way to keep your account in good order, which matters because your repayment history feeds the assessment of any future borrowing.
One thing to remember
Because we are an exempt business lender outside the FCA consumer-credit regime, your facility is not covered by the Financial Ombudsman Service or the FSCS. That does not change how you pay — it just means the protections that apply to personal borrowing do not apply here. If you are unsure which method suits your cash flow, contact our support team before your first payment is due.
See also: How is my payment schedule set up?, Can my company settle the facility early?, Who can make a complaint to Credicorp?.