Could not paying my ballys total fitness membership ruin my credit score???

El Ranchero · 08-28-2008

i absolutely hate ballys, at least the locations near me. They close early on weekends at 5:00 pm, i dislike the environment, im just through with ballys PERIOD. i thought i could simply cancel my contract and didn't think too much of it because its "JUST A DAMN GYM MEMBERSHIP", but evidently you have to be dead or completely disabled in order to cancel your contract. and im not willing to go to that extent. So i have just decided to stop paying, Can this have a nasty effect on my credit sore?? <<<===Desperate to know!!!
- thanks

maxmom56 · 08-28-2008

If it's reported to a credit reporting agency, it will damage your credit (and it will stay on your credit report for 7 years).

Slimick · 08-28-2008

I would not say "ruin" your credit...but it can damage your credit if the collection agency puts it on your credit files as bad debt.

asailor77 · 08-28-2008

not ruin necessarily, but it would put a crimp in it for a while definitely! Most places want their money--maybe you could work out a payment plan with them--lots of places have to do this with people--it is worth a try anyway!