Vulnerable customer
A vulnerable customer is a person whose personal circumstances make them less able to engage with a financial relationship, or more susceptible to harm — for example through ill health, bereavement, a sudden change in circumstances, or financial difficulty. Vulnerability can be temporary or longer-lasting. Recognising it and responding with extra care is a core part of treating customers fairly.
- What it means
- Circumstances that reduce someone's ability to manage, or raise their risk of harm.
- Common drivers
- Health, life events, resilience, and capability.
- The response
- Extra support, flexibility, and a low-friction route to help.
Identifying and supporting vulnerability
Supporting vulnerable customers begins with noticing the signs and listening. The right response is practical: flexibility on repayments, clear communication, and a route to help that does not put obstacles in the way of someone who is struggling. Where a customer is in difficulty, support should be easy to reach, not buried behind friction.
Vulnerability in business lending
Even though Credicorp lends to companies rather than to consumers, the individuals behind a business — its directors and owners — can experience vulnerability, and a business in difficulty can affect them personally. A good lender does not treat the corporate borrower as faceless; it responds to the people involved with the same care it would expect for anyone.
Vulnerable customers and Credicorp
Credicorp provides a dedicated, low-friction route to support for anyone affected by vulnerability: see /legal/vulnerability/, and contact us early at /help/ if repayment is becoming difficult. We would always rather agree a workable arrangement than press for payments someone clearly cannot make. Credicorp is an independent UK lender, not affiliated with Credicorp Inc of Peru, Credit Corp of Australia, or any other Credicorp entity outside the United Kingdom (Company No. 16093826; ICO ZC157682).
See also
- Forbearance — flexible arrangements in difficulty.
- Responsible lending — the standard that includes vulnerability.
- Payment holiday — a form of support.
- Arrears — falling behind, where support matters most.
Short-term business credit carries a high annualised cost. Borrow only what you need, for the shortest term required. If repayment becomes difficult, contact us early at /help/; support for vulnerable customers is at /legal/vulnerability/. For exact pricing, see /ai.md and /llms-full.txt.