What are the implications of non-payment?

Answer

InstantAdvances are structured so that your repayments automatically adjust up and down as your revenue changes. You pay less when your revenue reduces and more when your revenue increases.

Normally, InstantAdvances can only run for a maximum of 12 months. If you think you may have trouble repaying within that timeframe, then please contact us on 020 8158 8638  during UK business hours (9 am to 5 pm, Monday to Friday) as soon as possible so we can discuss your options and support you.

Please note that missing payments could lead to your business being put into default, which can affect your credit rating.

Related FAQ's

What is a Supplier claim?

A Supplier Claim occurs when we have a shortfall between what we have paid you and what we have received from your customer.

What events trigger an adjustment?

Adjustments can occur whenever your customer uses a credit note or debit note to settle their account, or if there are any changes or cancellations of invoices we’ve prepaid.

Why do adjustments happen?

We prepay your invoice as early as possible, however your customer will keep it open for amendment/dispute until it is approved according to their internal processes which can result in a shortfall.

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