Rant @ Finance companies

[ytrebil]

I hate them and their god damn small print!

I had a fixed 12 month contract with them for a gym membership - it expires this month. So it's the 8th of December and I phone to cancel my direct debit and they need 30 days!!!

Why on earth do they need 30 days to cancel a DD? It's done by the click of a button? What is this all about? They must make an absolute killing from this 30 day notice bks!

I wonder if there is anyway out of paying it. It's not much money, just the principal of money for nothing.

[esselte]

ytrebil said:

I hate them and their god damn small print!

I had a fixed 12 month contract with them for a gym membership - it expires this month. So it's the 8th of December and I phone to cancel my direct debit and they need 30 days!!!

Why on earth do they need 30 days to cancel a DD? It's done by the click of a button? What is this all about? They must make an absolute killing from this 30 day notice bks!

I wonder if there is anyway out of paying it. It's not much money, just the principal of money for nothing.

Do you have internet banking? If so cancel the thing yourself....

[ytrebil]

Yeah I have cancelled it, but can this go against my credit scoring if I'm 'defaulting' on a poxy 42 quid?

[10 Pence Short]

ytrebil said:

Yeah I have cancelled it, but can this go against my credit scoring if I'm 'defaulting' on a poxy 42 quid?

You'll probably find it's part of the contract terms that you cancel within 30 days. Normal procedure and done for a commercial reason rather than to give them time to stop a DD.

[Neil_H]

1/10

Read the small print.

[ytrebil]

Will my local gym see any of that 42 quid or is that entirely for the credit firm?

[ytrebil]

Neil_H said:

1/10

Read the small print.

Yeah of course. However, I have many credit agreements and if I read all of their small print I'd have little time to do much else! God I hate these things. I think everyone falls into traps with them though. I don't think I'm the only one who gets hacked off with them. Just feels like robbery!

[10 Pence Short]

ytrebil said:

Neil_H said:

1/10

Read the small print.

Yeah of course. However, I have many credit agreements and if I read all of their small print I'd have little time to do much else! God I hate these things. I think everyone falls into traps with them though. I don't think I'm the only one who gets hacked off with them. Just feels like robbery!

If you can't be bothered to read the small print, you are not falling into a trap- you are asking for nasty surprises.

[Skipppy]

The last Gym i was involved with wanted 3 months notice. I failed to read the small print too.

[ytrebil]

Skipppy said:

The last Gym i was involved with wanted 3 months notice. I failed to read the small print too.

Was this based on a month to month payment basis or a fixed term though? 3 months? That's a bd.

[tricky69]

ytrebil said:

I hate them and their god damn small print!

I had a fixed 12 month contract with them for a gym membership - it expires this month. So it's the 8th of December and I phone to cancel my direct debit and they need 30 days!!!

Why on earth do they need 30 days to cancel a DD? It's done by the click of a button? What is this all about? They must make an absolute killing from this 30 day notice bks!

I wonder if there is anyway out of paying it. It's not much money, just the principal of money for nothing.

Why bother, by the sounds of it with you when Jan roles around again you will be all over going to the gym.... it will be at least jan 12th when you change your mind again ! then you can give the bank 352 days notice of cancelling your direct debit ! hahaahaha

[ytrebil]

tricky69 said:

ytrebil said:

I hate them and their god damn small print!

I had a fixed 12 month contract with them for a gym membership - it expires this month. So it's the 8th of December and I phone to cancel my direct debit and they need 30 days!!!

Why on earth do they need 30 days to cancel a DD? It's done by the click of a button? What is this all about? They must make an absolute killing from this 30 day notice bks!

I wonder if there is anyway out of paying it. It's not much money, just the principal of money for nothing.

Why bother, by the sounds of it with you when Jan roles around again you will be all over going to the gym.... it will be at least jan 12th when you change your mind again ! then you can give the bank 352 days notice of cancelling your direct debit ! hahaahaha

It might be the fact I had a heavier weeeknd than I thought, but I didn't understand a word of that.