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Definition
A direct debit is the usual way repayments are collected. You authorise it once, and collections run on the agreed dates. The Direct Debit Guarantee entitles you to a refund of any payment taken in error.
Why it matters for your business
Keep the account funded ahead of each collection to avoid a returned-payment fee. See keeping funds available and changing your repayment account.
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Read →Funding for UK limited companies
Credit Corp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.