We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Credit agreement . No income

mandi
mandi Posts: 11,932 Forumite
Part of the Furniture Combo Breaker Stoptober Survivor
in Loans
Hi ,

Can any one advise me if it is legal for a company to open a credit agreement for someone with no income if the person requests it ? Im talking gym membership for an adult in this case.


Thank you .

Comments

  • ILW
    ILW Posts: 18,333 Forumite
    Perfectly legal, if a bit risky. The adult who took it out deserves a slap though.
  • mandi
    mandi Posts: 11,932 Forumite
    Part of the Furniture Combo Breaker Stoptober Survivor
    ILW wrote: »
    . The adult who took it out deserves a slap though.
    :rotfl: Thank you . Couldn't agree more .

    Sorry to ask again , but the person cant pay it . Any advice on what they should do ILW , would it be worth calling the company . They have incurred £40.00 administration charges in 2 weeks for failed DD .
  • ILW
    ILW Posts: 18,333 Forumite
    Get the person who took out the agreement to explain the situation, grovel and ask if they will cancel the agreement. They will only speak to the borrower though.
  • mandi
    mandi Posts: 11,932 Forumite
    Part of the Furniture Combo Breaker Stoptober Survivor
    ILW wrote: »
    Get the person who took out the agreement to explain the situation, grovel and ask if they will cancel the agreement. They will only speak to the borrower though.

    Okay , will do .Thanks for taking the time to reply . Much appreciated :D


    Mandi
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.2K Work, Benefits & Business
  • 603.9K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture