My 19 year old daughter signed up for a gym memebership, not knowing exactly what she was getting into. The clerk at the gym verbally told her if she wante dto cancel, they only needed 30 days written notice. My daughter used thie memebrship for one week. she tried to speak to someone to cancel it, but they "were never there". Now 30 days has transpired, and they have told her she is locked into 1 year of payments $396.00. They do not have her proper address, or SIn #. We cancelled her credit card that the fees were being charged to. If she chooses not to pay this debt, how will it affect her credit rating?

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Curious - my canadian mortgage does not appear on my credit report. i contacted the mortgage company, and they said they do not report, nor do most other mortgage companies in canada. surely, with a mortgage being the biggest thing we buy, our good payment history should be recorded? i'd imagine they would be quick to report any delinquent payments or foreclosures!

In Canada your mortgage history does not appear on your credit bureau unless it is setup as a line of credit. This shows up as a revolving credit line that is tied to the value of your property. Basically think of it as a large credit card but your house is the asset. Your good payment history with a mortgage is shown when some lender may ask for a mortgage rating or current mortgage statement. In most cases if your payments are going to be late on something, I've found that the last thing people want to be late on is their mortgages. People let credit card payments or loan payments slide or be late but most of the time unless things are in real trouble, your mortgage is usually the last thing you will be late on.