No it cannot, providing the contractual repayments are met on time the payments are fixed for the period of the contract.

We provide information to our clients so they always know what the options are and how much each facility will cost. Pricing will depend upon your specific circumstance, the nature of the contract to be secured, the terms of the agreement, and what the funds will be used for.

The agreement is between the lender introduced by SportsCredit Ltd and the client (athlete), and we will also ask the athlete to arrange for the lender it to receive an acceptance from the employer or company paying the contract that they will make monthly payments directly to the lender under an agreed payment schedule.

The level of advance is governed by the value and length of your commercial contracts and the term of your employment. Our lenders will assess each contract on its own merit. In essence, our lenders do not have a monetary maximum; but their minimum advance is £500,000.

Our lenders provide you with a valuable loan facility which means that once our lenders provide funding against a specific commercial contract we take the risk if your contract is terminated (terms and conditions apply).

Our lenders do not require ANY existing debentures. Neither do we set restrictive covenants. On some occasion they may need a personal guarantee. Our lenders purely insist that you sign a commercial agreement with them and that your employer agrees that they will pay the portion of the assigned contract directly to the lender on your instructions.

Facilities are only available to elite sportsmen & women aged 18 and over who are able to certify that they are High Net worth Individuals.

Unlike banks, our lenders specialise in providing facilities specific to sports professionals who want to accelerate their contracts so we can approach your lending requirements using bespoke principles. Our lenders are most interested in the commercial contracts our clients have as security, as such, are able to assess and package in a different way, with less paper work to the more general banking principles. This is what sets us apart.