2 min read
The habits of control
Borrow with a defined purpose and a repayment you comfortably afford. Watch your debt service cover and avoid stacking multiple overlapping facilities, which obscure the true commitment.
Review regularly
Check your total borrowing, cover and cost against your forecast each month. Consolidate or refinance if debt has become fragmented or expensive. See debt warning signs.
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
How do I avoid over-borrowing?
Borrow only for a clear purpose, size it to comfortable affordability, and avoid stacking facilities. Reviewing your total commitment regularly keeps it visible and manageable.
What are the signs of losing control?
Borrowing to service existing debt, thinning cover, and a stack of overlapping facilities. Any of these calls for a review and possibly consolidation.
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Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.