A county court judgment (CCJ) or other adverse entry on your company's credit record will not automatically result in a decline. Credicorp makes lending decisions based on the full financial picture of your company, and recent, positive trading evidence can carry significant weight alongside older adverse markers.
How we approach adverse credit history
We look at factors including:
- How old the adverse entry is and whether it has been satisfied
- The pattern of trading since the adverse event — consistent incomings and well-managed outgoings suggest recovery
- The size of the facility requested relative to the company's current turnover
- Whether the company is current on all other obligations
What to disclose
Be straightforward in the application. If a CCJ is on record, our checks will find it; undisclosed adverse history does more damage to an application than disclosed history with a clear explanation. A brief note on what caused the issue and what has changed since is genuinely useful context for our underwriters.
Starting smaller
If your company has recent adverse history, a smaller initial facility — or a Credicorp Slice request for a single specific bill — can be a lower-risk starting point. A positive repayment track record with Credicorp strengthens any subsequent application for a larger facility.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: Reapplying after a declined application, Can a newly incorporated company apply?.