What happens if you never pay your gym membership?
Failing to pay gym membership fees can lead to debt collection and negatively impact your credit score, even without using a credit card. An account sent to collections can significantly lower your credit score—potentially by 100 points—due to its negative impact on your payment history. In short, yes. If you fail to pay your membership fees, your gym can send your account to collections, which is a major negative mark on your credit report. A gym membership is just like any other recurring bill. The method you used to pay the bill does not matter.Whereas gym memberships with an annual fee lock you into their terms for a full year, a month-to-month contract allows you to suspend or cancel your membership whenever you need. If you plan on moving or traveling, this flexibility could save you hundreds of dollars over the duration of your gym membership.
What gym is hard to cancel?
Popular gyms, including LA Fitness and Planet Fitness, generally don’t allow you to cancel your membership online, even though you can sign up on their websites. Instead, you have to make a phone call or go to the gym to close your account — likely so they can talk you into keeping your contract a bit longer. Talk to the manager at your gym. If they won’t let you cancel, you should say the following (or put it in writing): “The Competition and Markets Authority advises that a gym contract is unfair if it doesn’t let a member cancel because they’ve had a change in circumstances which means they can’t afford the membership.You’ll normally have to pay the full cost of your contract if you want to cancel a gym membership early. For example, if you cancel a one-year contract after 6 months, you’ll usually have to pay for the remaining 6 months. Check your contract for details to find out how much you’ll have to pay if you cancel early.