How can I get out of this LA Fitness personal training mess? I signed up 2 months ago. The trainer told me I could cancel at anytime, as long as I paid $80. But now I’m told I’m locked into a 12 month agreement, but can pay 50% of what is still owed.
Hello, I've previously worked as a Fitness Director with LA Fitness so I hope that I can be of help to you! I only worked for LA Fitness for less than 2 months due to the tactics they employ for sales and the unethical approach at fitness.LA Fitness offers 3 ways out of a contract, none of which you want to be applicable for.Move: Move to a new location in the world that is not within 30 miles of an LA Fitness facility. Must provide proof via a utility bill or other. I believe that there is still a $30 cancellation fee.Bankruptcy: If you file for bankruptcy or are unable to continue training due to legal financial obligations your contract can be closed.Physical Disability: Although the wording on the contract is vague, unless you are permanently physically disabled they will not allow you to quit your contract.Now that you are aware of their three ways to leave the contract (read your contract, they are listed there), let's talk about some more reasonable options!Get a new card. If you get a new card, whether debit or credit, they will NOT be able to bill you. We were taught to use a scare tactic that if you do not continue paying your personal training that your membership will be cancelled. This is not the case, put your membership on a new card if not already separate and cancel or replace the card you have your training agreement on. (Side note- general managers are thirsty for new memberships if you are willing to create a new membership. They don't care whether or not you have been a member previously.If the above option is not available to you for some reason, I would highly recommend calling the corporate office and asking to speak to the regional Vice President of Training or their superior. If you waste enough of their time, they will eventually cut their losses.Sorry about your experience at LA Fitness! If you still need help with anything in regards to health and fitness stop by our blog and read our article or send us a message!
Don't credit card companies require your authorization to increase your limits?
Should they just be allowed to send you a notice in the mail saying stuff like*Congradulations, for being committed to them and for having perfect payments etc...that they can just raise it from 7500.00 to10.000 without even asking if you want it?
Whats the difference between Finance charges and APR?? HELP!?
My husband purchased a wedding ring for me. I remember the sales lady telling my its an annual percentage rate of 2.49% and that was very inexpensive "It's a great rate" she said. We all agreed and he signed the contract. Now we have had the ring for 7 months and we noticed after all of our payments, the prinicipal is not much lower. Come to find out a little less than half was going twards interest. We requested a copy of the contract..it states on it.."We multiply the average daily balance by a monthly periodic rate of 2.49% (corresponding ANNUAL PERCENTAGE RATE of 29.99%)" My husband's signature is not even on this contract. I swear he was givin another contract to read over when he signed it. But could you tell me what all these percentage rates are and how are they different? what do they mean? Is there anything I can do? Is it legal for them to charge this much? HELPPPP
Lending money?
it is legal but you should draw up a contract with all of the details, amount loaned, interest rate charged, monthly payments, length of loan and consequences if they default, you both sign get it notarized and both keep copies
If you want to withdraw money from a fixed deposit, can you do it before the maturity period?
Yes, you may, but that will fall under premature withdrawal and you may have to pay a penalty for that. Once you decide to withdraw money from your FD, the bank will calculate the principal amount along with the rate of interest with the help of Online FD Calculator, and then deduct the penalty amount. However, in case of an lock in FD, a bank may refuse a premature withdrawal as per RBI guidelines. Let us have a look at premature penalty. Usually banks charge a penalty of 0.5% to 1% lower interest on FDs which are closed before maturity. This penalty may be waived off by some banks if it is an emergency. A point to be noted here is that the emergencies are not usually well-defined in the terms and conditions, and in fact, the waiver or reduction is applicable on per-case basis. Another option you can explore is taking a loan against your FD.