No personal guarantee: what it means in practice
Every Credicorp business loan is to a limited company or LLP. There is no personal guarantee, and the director is not personally liable. Here is what that means day to day.
Newsroom
17 articles
When a loan is declined: how we tell you, and what next
Not every application is right for us, and not every business is right for a Credicorp loan. Here is what a decline looks like, what it means, and the options.
Why Credicorp never asks for a personal guarantee
Most small-business lenders ask the director to personally guarantee the company's debt. We don't. Here is what a personal guarantee actually means, and the deliberate choice we made not to use one.
Pricing in plain English: what 0.25% per day really means
Daily-rate pricing is unusual on personal credit but common on short-term business finance. Here is exactly how we charge interest, what the cap means, and a worked example.
Open Banking: how we use it (and how we don't)
Open Banking can speed up an application by minutes. Here is what we look at when you connect it, what we do not, and how to disconnect when you are done.
Setting and raising your Credicorp Flex limit responsibly
How your Flex limit is set when you first open the facility, what triggers a review, and the borrower-side and lender-side guardrails that keep the limit appropriate to your actual cashflow.
Plain-English by design: how readable documents change borrower outcomes
Most loan agreements are unreadable on purpose. Credicorp's are not. This article explains the specific design decisions that make our documents readable — and the evidence that readability changes borrower outcomes.
Affordability over algorithms: how a human reviews every borderline application
Most loan decisions are automated for speed, but every borderline case at Credicorp is reviewed by a credit analyst — and every adverse decision carries a plain-English explanation. Here is how the routing works.
Sustainability at Credicorp: our small-lender ESG picture, honestly
ESG reporting standards were built for FTSE-100 firms. As a small UK lender we still have an ESG footprint and an ESG opportunity. Here is what we actually do across environment, social, and governance — without the marketing gloss.
How Credicorp Flex helps companies smooth seasonal cashflow without paying for slow months
Most small businesses don't need a lump sum — they need a buffer. Credicorp Flex is a revolving credit facility you only pay interest on while you're actually drawn. Here is how it works and where it fits.
Our Consumer Duty approach: applying retail outcomes thinking to business lending
Business lending sits outside the FCA's Consumer Duty regime, but we apply the four outcomes voluntarily. Here is how the price-and-value, products-and-services, consumer-understanding and consumer-support tests show up at Credicorp.
What happens if you miss a payment — our forbearance process explained
A clear walk-through of what happens in the days after a missed payment, how to ask for breathing space, and why the worst thing to do is nothing.