Gym membership

Tryingsohardtofloat

Evening all,

Just a question please.

As an undischarged bankrupt am I allowed to take out a gym subscription, I'm not sure whether its classed as credit & also will my BR status make a difference to the gym? Am I likely to be refused?

Hope you're all OK

SteveABC

I took out gym membership whilst BR without any problem.

The minimum term for mine was 6 months, so even if it was classed as credit, it would have been well under the £500.

Just had to ensure careful budgeting, as gym membership cannot be included as an allowable expense in IPA calculations.

Important to keep body and mind healthy during the BR process!

:rotfl:

PippaGirl_2

Agreed. I've joined a health and fitness club since ED recently, they don't even credit check you. They need your bank details for the direct debit and away you go. It's rare for a gym membership to be allowable on an SOA, but not unknown if there is a need rather than a want.

fiveyearplan

Shouldn't be a problem. Shortly after my BR I upgraded my phone thus signing into a further 18 month agreement which technically took me over the £500 credit mark however at the time I didn't even think about it and thankfully all was paid and that was now long ago.