How to Pay for a FightCamp Gym

You want to get fit, but you know you’ll only stick with a program if it’s fun, easy, and convenient. So, why not join a fitness craze that’s taking over living rooms across the country?

If you love boxing or have always wanted to try it out, FightCamp gives you an opportunity to do it at your own pace. While FightCamp Gym isn’t cheap, it’s a lot less expensive over the long term than paying hundreds of dollars each month to belong to a boxing gym or take frequent classes.

The good news is that you don’t need to pay for it all at once. FightCamp Gym offers financing through Affirm – allowing you to pay for your gym over 12 months.

How Does Affirm Work?

Affirm is a company that helps consumers finance the purchase of all sorts of items through partnerships with the companies that sell those items through installment loans directly to consumers offered at the point of sale.

Affirm is a financial startup based in San Francisco, and was founded in 2012 as a way to revolutionize how the banking industry offers credit to consumers. Their loans are given out through a partnership with Cross River Bank.

Buying a FightCamp Gym with Affirm’s help is pretty easy. You fill out a quick online application in which they do a soft credit check to see if you’re eligible. The Affirm website is easy to use and straightforward. You’ll just need a mobile number to register and then the site takes you through the application. After you apply, you will find out whether you qualify instantly. At that point, you can return to the site where you were making a purchase and buy your item.

With Affirm’s partnership with FightCamp Gym, they offer $0 down and 0% financing for 12 months or 18 months. That works out to around $83 per month. One of the things that Affirm promises is that there will be no hidden fees to their loans so you’ll know upfront exactly what you’ll need to pay and how long you will have to pay it.

Repaying your loan with Affirm is simple. You just go to the Affirm site and make a payment or download the Affirm app (available on the App Store or Google Play) and make a mobile payment. You can also link your bank account to send automatic payments every month so that you don’t have to worry about remembering to send your payment.

They accept payment by debit card, check, or through your checking account. Some of their loans also can be paid by credit card.

Affirm does not charge a late payment fee, but late payments can hurt your credit score. If you’re struggling with your repayment of your FigthCamp Gym, you can notify Affirm that you’ll be late with one of your payments and let them know when it will be coming. If you don’t repay your loan because something changes in your financial situation and you can’t get a refund, this could result in a chargeback. That will look bad on your credit score and Affirm might repossess your FightCamp Gym.

Alternatives to Affirm: Personal Loans

If you don’t want to get financing for your FightCamp Gym through Affirm, you can also get a personal loan to pay for it. Personal loans are available primarily from banks, credit unions, and specialized loan companies. They look at your credit score and income to decide whether you’re creditworthy and if they’re willing to lend to you. Just like with an Affirm loan, when you take out a personal loan you do so over a specific term length and make identical monthly payments every month until it’s paid off. 

If you’re denied an Affirm loan, a personal loan might be one way to pay for a FightCamp Gym, but the interest rate is going to be much higher than 0% APR. How much you’ll pay will depend on your credit score. Those extra interest charges will increase the total cost of getting the gym. Personal loan rates generally range from the mid single digits (ex. 5%) upward.

It can also be difficult to find a lender willing to lend you such a small amount. That said, one of the benefits of getting a personal loan instead is that you could borrow a little more in order to also cover the monthly payments. Another benefit is that you could repay the cost of they gym over a longer term length. While a longer term length would mean that you would pay more in interest over the life of your loan, you would have a lower monthly payment.

Ultimately, whether an Affirm loan or a personal loan is right for you will depend on your personal situation and what you can qualify for.