Services

Credit Protection

What is Credit Protection?

At its most basic, Credit Protection is a product that limits the impact of your customers paying late or becoming insolvent.

A provider of credit protection can designate debts and ineligible, require you to repurchase those debts or reduce the funding available. Credit protection is the ability to limit these factors. When debts, or in many cases invoices, are purchased by a third party the protected amount will still remain available to you should the customer become insolvent or miss payments.

The Problem

Unfortunately, not all debts are paid on time or ever fully recovered. When a third party purchases a debt or an invoice, there is always the risk that the debtor may miss payments or will declare bankruptcy.

How we can help

At Simple Secure Finance, we can offer a degree of protection on these debts or invoices sold to third parties. By using a Credit Protection product, you can be safe in the knowledge of the security to the value of your sales ledger - helping you to continue trading in the event of a bad debt. Furthermore, Credit Protection offers stability to you business during period of non-payment or insolvency of a debtor.

Would you like to know more?

Get in touch to see how we can help your business today.

"During our recent change in facilitator I was kept very well informed of every step by telephone calls, emails and meetings. The aftercare has been absolutely outstanding, with 6 monthly progress meetings, assistance in any areas we feel we may need further advice, and readily taking actions if required. I would gladly recommend the services of Simple Secure Finance to anyone that required such consultancy."

N. Sherwood

"I can honestly say business with Simple Secure Finance is a breath of fresh air in the industry. Always available when I need advice, nothing seems too much trouble. Would highly recommend."

G. Crossfield

"We've worked with Simple Secure Finance for a number of years and they have been instrumental in advising and sourcing the best business finance for our needs. Their knowledge of the finance industry is both broad and deep and they have shown great skill in being able to drill down to find the right solution for our individual needs. Highly skilled negotiators, and very easy to talk to. I'd highly recommend Simple Secure Finance."

S. Roberts

Get in touch to see how we can help your business today.