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
What if my golf club goes bankrupt
danielcrowe
Posts: 10 Forumite
I'm keen to join my local golf course but there's rumours going around that they're not financially stable. The cost would be £150 joining fee and then £595 annual subscription. If i paid this on a credit card would I get a pro-rata refund of the club were to cease to exist?
Any other suggestions?
Any other suggestions?
0
Comments
-
Yes you would.danielcrowe wrote: »If i paid this on a credit card would I get a pro-rata refund of the club were to cease to exist?
Section 75 of the Consumer Credit Act 1974 makes the credit card company equally responsible for performing the contract.
Thus if the golf club stop performing, then the CC co will refund an amount equal to that portion of the service not provided.
Read MSE's Section 75 Refunds article for further detail.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.4K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.8K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards