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The likely effect
A single late repayment can trigger a late fee and a minor mark on your credit file. It is not catastrophic, and a strong overall record cushions it. A pattern of lateness does far more harm.
Limiting the damage
Pay as soon as you can, and if you saw it coming, tell the lender in advance — many will not treat a flagged, one-off slip harshly. See what happens if I miss a payment.
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
Will one late payment ruin my credit?
No. A single late payment has a small, recoverable effect, especially if resolved quickly. It is a repeated pattern that does lasting damage.
Should I tell the lender if I'll be late?
Yes, ideally before the due date. Lenders view a flagged, one-off slip far more kindly than a silent missed payment, and may offer a short arrangement.
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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.