2 min read
Where to turn
Business Debtline (run by the Money Advice Trust) gives free, confidential advice to self-employed people and small businesses. Citizens Advice can help too. These services are genuinely free and independent — unlike some commercial “debt help” firms that charge fees. Credicorp signposts these sources because responsible lending means pointing you to help when borrowing is not the answer.
When to reach out
The earlier the better — ideally before you miss a payment. Early advice keeps more options open: restructuring, negotiating with creditors, or a formal arrangement. If you are a Credicorp customer facing difficulty, tell us early; we work with customers in genuine hardship rather than penalising them. Free advice and an open conversation with your lender usually beat borrowing more.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
Is free debt advice really free?
Yes. Business Debtline and Citizens Advice charge nothing and are independent. Be wary of firms that charge upfront fees to 'sort out' business debt — the reputable help is free.
Will asking for advice affect my credit or my loan?
Seeking advice is confidential and does not itself affect your credit file. Talking to your lender early about difficulty is far better than going silent — most work with customers who engage.
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