Assignment:
Credit Refusal: Cash Only at Gold’s Gym and Fitness Center
As manager of Gold’s Gym and Fitness Center, you must refuse the application of Monique Cooper for an Extended Membership. This is strictly a business decision. You liked Monique very much when she applied, and she seems genuinely interested in fitness and a healthful lifestyle. However, your Extended Membership plan qualifies the member for all your testing, exercise, recreation, yoga, and aerobics programs. This multiservice program is expensive for the club to maintain because of the huge staff required. Applicants must have a solid credit rating to join. To your disappointment, you learned that Monique’s credit rating is decidedly negative. Her credit report indicates that she is delinquent in payments to four businesses, including Pros Athletic Club, your principal competitor.
You do have other programs, including your Drop In and Work Out plan, which offers the use of available facilities on a cash basis. This plan enables a member to reserve space on the racquetball and handball courts. The member can also sign up for yoga and exercise classes, space permitting. Because Monique is far in debt, you would feel guilty allowing her to plunge in any more deeply.
- Refuse Monique Cooper’s credit application, but encourage her cash business. Suggest that she make an inquiry to the credit-reporting company Experian to learn about her credit report. She is eligible to receive a free credit report if she mentions this application. Write to Monique Cooper, 303 New Stine Road, Bakersfield, CA 93305.
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.