How to Deal With Timeshare Collection Agencies

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Many timeshare owners could think in stop paying their timeshares, especially those who are tired of paying expensive fees. This decision could be a huge mistake, because the resort can affect your credit score sending you to a collection agency. Read this article to know how to deal with timeshare collection agencies.

Sick of paying timeshare fees every year, most of timeshare owners decide to stop paying their timeshare ownership. But there are several consequences when an owner decides to stop doing payments; one of them is that the resort will sell your debt to a collection agency.

Also read: What happens if I stop paying my timeshare?

What is a Collection Agency?

A collection agency is a company that pursues payments of debts owed by individual or businesses.Agencies operate as agents of creditors and collect debts for a commission.

If you stopped making payments is probably that pretty soon you will be contact by the collection agency, such as Concord Servicing Corporation, Resort Recovery Solutions, Monterrey Financial Services or Textron Financial Corporation.

How Agencies Operate

These collection agencies will go on your credit reports and they will probably sue you. Besides, they may report you to the IRS (Internal Revenue Service), making your future financial investments very difficult.

When a collection agency gets your debt, it is very likely that it will include expenses like interests and fees, making your debt bigger, and ultimately report you as past due. Normally, it takes about a month to appear on your report, but it takes around 7 years to clean it off.

First and foremost, the collection agency will try to contact you in every way possible in order to collect your debt. Agencies can be very aggressive in their tactics; this happens they only get paid if they are able to collect.

Also read: Timeshare Debt Collections? Can The Resort Affect My Credit Score?

What Are my Rights?

Be in a collection agency can be terrible but the good news is that even you owe money you still have rights. There is a law that debt collector have to follow, this is the Fair Debt Collection Practice Act (FDCPA).

Debt collectors may not discuss your debt with anyone else than you, your spouse or your attorney. They only can call you between 8:00 am and 9:00 pm. They can’t call you at work if advised them that you are not allowed to receive calls in there. And most important, they are prohibited to use deceptive or abusive practices.

How to Deal With Timeshare Collection Agencies

You must follow these tips 

1.- Educate yourself about your rights: As mentioned before, even you are in collections you have rights. The U.S. Federal Trade Commission (FTC) has publications to educate consumers under the FDCPA.

2.- Get a lawyer: If you get a notification of lawsuit, it is important to hire an attorney that help you get out of this situation.


The only effective way to avoid being sent to collections or get you free of a collection agency is by cancelling your timeshare contract. Once you cancel your timeshare contract, it only takes around 90 days to get your credit score clean.

If you are a victim of timeshare fraud or you have been sent to a collection agency, contact Mexican Timeshare Solutions. MTS is a company with professionals specialized in cancelling timeshare contracts and over 18 years experience. We can set you free of your financial obligations. This is the benefit of working with an experienced and reliable firm. Don’t hesitate, contact us today and avoid stress of being sent to collections.

To receive more information about how to deal with timeshare collection agencies and how to cancel a timeshare, send a WhatsApp to +52 332 510 7552, fill in the form in the contact section or call us at +1 714 277 3662.

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