Fairway Credit

[backwoodsman]

At ours, those who want to pay by installments just do it by x9 direct debit payments straight to the club. First in Feb, last in October. No interest or admin fees. From what folk have said in earlier posts, l guess the 9 payments is so as to avoid getting embroilled in the credit agreement business.

I suppose there's always a risk that some folk could walk away after a couple of months and not bother to pay the balance - but they don’t seem to.

 

[quinn]

Our annual subscriptions are due from the 1st August, as such I have just received my invoice for £1,537.00.

I've always paid via standing order but it would seem that there's a new regulator and golf clubs aren't able to do this now under new FCA regulations.

So if we want to spread our subscription over the year we must go through Fairway Credit and fill in an application form available through the club.

Anyone already using this scheme?

Is this a credit application to which a search takes place on me?

The cost of the credit over 11-12 months is 6.9% (13.2% APR. We used to be charged £35 I think for admin for using a standing order, if this percentage is now on the full total of credit that will treble to over £100!

Anyone else come across this being introduced as golf clubs apparently are no longer able to offer standing orders/direct debits for their subscriptions.

http://www.premiumcredit.co.uk/about/news/fairway-credit/

http://www.premiumcredit.co.uk/annual-non-insurance-fees/sports-leisure/golf-club-membership/

I always thought hearsall and finham were about the same price, hearsall use fairway credit and it's £120 per month over 10 months, seems a bit steep mate

 

[Fish]

I always thought hearsall and finham were about the same price, hearsall use fairway credit and it's £120 per month over 10 months, seems a bit steep mate

Firstly they shouldn't be the same price as Coventry's Course and facilities are far superior, and I mean that with no disrect to Hearsall.

That total includes my £150 bar card, £40 locker & £100 garage for my trolley & bag wich I charge my battery & GPS in, plus golf union fees, so it's actually £1200 which then compared to Hearsall is excellent value 😉

 

[quinn]

Firstly they shouldn't be the same price as Coventry's Course and facilities are far superior, and I mean that with no disrect to Hearsall.

That total includes my £150 bar card, £40 locker & £100 garage for my trolley & bag wich I charge my battery & GPS in, plus golf union fees, so it's actually £1200 which then compared to Hearsall is excellent value 😉

We looked at finham, but I think I made the right choice, nice course though, it should be for that price 😂

 

[HomerJSimpson]

Pay every year by DD and think it's via Fairway Credit. Always been very happy with the arrangement

 

[HDID Kenny]

Fairway Credit is an option at ours, I choose to pay DD 1 year in advance (9 equal payment with the 10th including an extra over of agreed annual subs) means I can take a year out if I wish. Works for me.

 

[Deleted member 15344]

If your club is on IG then they can run the DD for your annual subs without the need to use Fairway Credit

 

[Fish]

We looked at finham, but I think I made the right choice, nice course though, it should be for that price 😂

Hmm, you said your paying £120 over 10 months, that's the same as Coventry, the extras are my personal choice for the garage & locker and the £150 bar tab is gone in a month, easily, so based on the course fees alone, Coventry, if your paying £1200 is better value imo.

 

[Fish]

If your club is on IG then they can run the DD for your annual subs without the need to use Fairway Credit

Yes we are on IG, but it looks like this is a done deal. It would seem they've used the facility before some years ago, so what would be good is to know why they moved away from it?

 

[Oddsocks]

Lads.... IG?

 

[Fish]

Lads.... IG?

Intelligent Golf, a system better than HDID (System 2000)

 

[Oddsocks]

Got ya

 

[SwingsitlikeHogan]

My club uses Fairway Credit - we considered doing it ourselves but my understanding is that we felt there is just too much involved in keeping the FSA etc happy.

 

[Khamelion]

MY club used to do standing orders, but rules changes and the club saying it was to much admin for the club staff, they moved to using direct debit. We now have the choice of paying up front in one go, or we can spread the payments over 12 months which is paid direct to the club. The club does not use any kind of credit agency.