There is no specific timeline for a missed gym payment to affect your credit score. However, it has a negative impact.
Any missed payment on your gym membership can eventually lead to a drop in your credit score on your report.
Moreover, the gym may send your account to collections if you fail to pay your membership fees for several months.
On top of that, the more payments you miss, the more the late fees or penalties will mount up on your balance.
Once it goes to a collection agency, your missed payments will start negatively impacting your credit score.
The negative information will remain on your credit report for years and make it hard to get future credit.
It is important to make payments on time and manage your gym membership agreement to avoid any credit issues.
One late payment may not hurt your credit score, but repeated missed payments can lead to delinquency reports.
Once reported to credit agencies, this can hurt your credit score and show up as negative info on your credit report.