What Happens to My Credit When I Exit a Timeshare?
A properly handled timeshare exit is designed not to damage your credit. The risk comes from simply stopping payments: the resort can report late payments, send the account to collections, or foreclose on a deeded timeshare, all of which can lower your credit score for years.
By the Guardian Group team · Updated
Why 'just stop paying' is risky
Your timeshare contract is a legal obligation. Missed mortgage or maintenance payments are reported like any other debt.
Protecting your credit during an exit
Work with a company that uses a credit-protective process and gives you clear guidance on what to pay, and when, while your exit is underway.
This guide is general information, not legal advice. Every contract is different. Review yours or talk with us about your situation.