The payments are automatically withdrawn from my account every month. I have a one year contract with the gym. I am unhappy with it. Can I just pay the credit card off and cancel it? What will happen if I do that?
2006-07-11 03:42:34 · 15 answers · asked by Knife Party 2 in Business & Finance ➔ Credit
cancel your membership
I assume it would be paid up as they do automatic withdrawals
2006-07-11 08:00:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋
One big downfall is that if you pay late on the transferred balance or any other credit card, they may be able to raise your rate. I found this out the hard way...right back up to the 24% rate. Some rates go over 30% these days. If you proceed with this plan, or even if you don't, you MUST make your payments on time. Between rate increases and the $39 late fees, you can't catch up.
2016-03-27 01:03:41 · answer #2 · answered by ? 4 · 0⤊ 0⤋
If you want to stop paying the gym, cancelling the credit card will just lead to headaches. The best route is the most direct one--see if you can sweet-talk your gym into letting you cancel your contract.
2006-07-11 04:31:56 · answer #3 · answered by Rich B 3 · 0⤊ 0⤋
When the Gym sends in the auto payment, the payment will be denied. Then your account will be "unpaid" for that month. When y ou come in, someone will likely tell you and ask you to pay the month bill, as well as to set up a new form of regular payment.
2006-07-11 03:46:40 · answer #4 · answered by Marvinator 7 · 0⤊ 0⤋
If you have a contract, you'll still be obligated to pay and you may incur additional charges for being late or whatever. If you are unhappy with the gym, you could talk to them and cancel your contract, there's usually a fee or something, but they usually have provisions for that sort of thing.
2006-07-11 03:46:43 · answer #5 · answered by christina_m_taft 3 · 0⤊ 0⤋
you will still owe the gym money. unfortunately a lot of people get stuck with gym bills. I say go talk to gym management and tell them how you feel- maybe they will work out something with you that is good for both parties.
2006-07-11 03:46:50 · answer #6 · answered by texasgirl5454312 6 · 0⤊ 0⤋
you would have to call the gym and tell them that your going to cancell the card and to send you a bill or put it on another card.
2006-07-11 03:45:09 · answer #7 · answered by dcj2404 2 · 0⤊ 0⤋
Well, if you're in a contract, you have agreed to pay so they could sue you for the money, or they could ruin your credit report. You will still end up paying, I bet.
2006-07-11 03:46:19 · answer #8 · answered by ? 4 · 0⤊ 0⤋
My guess is that after the account is truly shut down your payments will not be made unless you specified they can send your account to a collection agency.
2006-07-11 03:48:19 · answer #9 · answered by Anonymous · 0⤊ 0⤋
cancel the gym membership
2006-07-11 03:46:26 · answer #10 · answered by KAT 2 · 0⤊ 0⤋
The bill is bounced back to the gym.
2006-07-11 03:50:16 · answer #11 · answered by amara 2 · 0⤊ 0⤋