What happens if Tide is unable to approve my application for a business account?

In some cases, we will be unable to offer you a business current account. Sometimes, we will already submitted your application to Companies House. In this case, you will have an incorporated company but no Tide account. In other cases, we will withhold the submission to Companies House - in this instance, it would still be worthwhile trying to register a limited company directly with Gov.uk. Please watch your inbox for the status of your application and advisable next steps.

Assuming you’ve not missed any payments when you cancel Credit Builder, we’ll report your loan as a settled debt. This means your credit report will show that you’ve paid the full loan amount and fulfilled your obligations, so there is no negative impact on your credit score for cancelling Credit Builder.