A common pitch is to stop making payments while promising to ‘protect’ or ‘fix’ your credit. In reality, the missed payments hit your credit and the company can’t undo the damage.
‘Stop paying — we’ll protect your credit’ is a dangerous myth. Missed timeshare payments are reported to credit bureaus and can trigger collections or foreclosure, and no exit company can reverse that. Never stop paying without qualified legal advice.
No. Missed payments are reported by the lender and damage your credit; an exit company cannot remove accurate reporting. Get a licensed attorney's advice before changing payments.
Not on a company's say-so. Stopping payments can wreck your credit and your leverage. A legitimate exit reviews your specific contract first.
You’re told to halt payments as step one, with a promise that your credit is protected.
Missed payments are reported, late fees pile up, and collections or foreclosure can begin — on your record, not theirs.
The company can’t reverse the reporting. You’re left with damaged credit and often still owing the debt.
A licensed advisor reviews your specific situation — free, no obligation, no pressure. Never a call center.
