Stuck in a gym contract? Exercise your rights
It’s ‘shape up for summer’ time, but be wary before you sign up at a gym. It could be very bad for your financial health
The age of majority used to be 21, but the government dropped that to just 18 in 2007, which means our children become fully fledged adults – able to sign any legally binding contract – when they are still school-going teens.
And that’s how some of them have a bad credit record by the time they turn 21.
But there’s something worse than being legally committed to a contract when you’re just 18 – being held to one you unwittingly signed when you weren’t yet 18...