2 min read
Two sides of a dispute
Disputes over invoices you are owed are part of trading and rarely stop you borrowing. A disputed debt you owe is different — if it hardens into a CCJ, it shows on your file and affects underwriting.
Handling it well
Resolve or formally dispute claims against the company promptly. Be candid with a lender about any live dispute and its likely outcome. Transparency is treated better than a surprise found in a credit check.
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
Does chasing a customer through court hurt my application?
Rarely. A debt owed to you is an asset, not a liability. Lenders focus on debts you owe and any judgments against your company.
What if there is a claim against my company?
Resolve it or formally dispute it, and be upfront with the lender. An unresolved claim that becomes a CCJ is a bigger factor than an ongoing, genuine dispute.
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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.