r/barrie • u/Particular-One-1368 • 5h ago
Question LA Fitness Question
LA Fitness on Cundles Rd charges members first and last month membership payments among an initial fee and annual fee. If they collect last months from all members at the time they begin, what do they do with in between starting and the member’s last months? Do they invest it? If they pool every members last months fee, that must be a significant amount of money that then allows them some form of privilege no? Yet, the member doesn’t benefit from this on their last month. Like, when you rent and provide last months rent at the beginning, your landlord is legally obliged to provide you interest on it.
Do you think they use for something?