Fairway Credit celebrates 30 years of providing access to golf club membership
Fairway Credit is celebrating three decades of enabling golfers to spread the cost of their club membership and supporting clubs manage their administration and build membership numbers.
Fairway Credit explains that despite inflation being at a 33-year low in 1993, consumers were increasingly looking for effective ways to use credit to purchase bigger ticket items like golf club membership. Premium Credit, the company behind Fairway Credit, introduced its finance facility later that year and continues to provide this valuable service 30 years on.
With current high rates of inflation and wider economic factors forcing up the cost of golf club membership, this type of payment facility continues to be popular. With today's challenging trading conditions, golf clubs offering a finance facility have an additional opportunity to sustain membership levels and the potential to give further access to the game.
Fairway Credit offers a simple online application solution to ensure that all members can apply quickly and simply. Integration with one of the leading golf software management systems, Club Systems International, greatly simplifies how golf clubs can offer the finance product.
Fairway Credit’s Sales Director, Nigel Stewart comments: “Making golf club membership a manageable monthly outgoing rather than a large, single annual lump sum payment, gives a more affordable option for players. Using a finance facility to meet membership costs is becoming more and more commonplace as players look for effective ways to manage cash flow.”
Nigel adds, “It’s also beneficial for clubs providing them with a smooth, reliable, and regulatory-compliant cash flow. With membership fees paid to the club in full at the start of each membership year, the club can manage its own financial planning more easily, helping save time and administration costs. It’s a serious consideration for golf club managers looking to maximise income and ease the administrative burden. We’re delighted to have been supporting golf in this way for the last 30 years.”
For more information on membership financing options, please contact the Fairway Credit team on 0344 736 9818 or CLICK HERE
About Premium Credit
We are the leading provider of premium finance in the UK and Ireland, and the only company endorsed by BIBA.
We are authorised and regulated by the Financial Conduct Authority, and work with over 3,000 producers of all sizes. We serve over 2.1 million customers, process 24 million direct debits and receive advances of £3.5 billion.
For over 30 years, we’ve led the market through thought leadership, innovation and technology and have helped our partners offer finance compliantly to their customers through face-to-face, telephony and online channels.
We continue to invest to ensure we provide a quality service and support that helps you grow your business and commission. From the delivery of a seamless customer journey, which includes real time decisioning for financing and 24/7 account servicing, to consultation that improves the offer of finance to customers, we are committed to growing the premium finance market.
Our Specialist Lending division also provides finance to pay other annual costs, such as professional fees, membership subscriptions, commercial service charges, golf clubs and school fees.