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How to deal with Timeshare collection agencies

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.

Information to Share

If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?

Leave your comment below and share your opinion with us.To know more about Timeshares go to:

Protecting Your Credit Score against timeshare debt collectors

Timeshare Attorneys, When is time to use their services?


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  • Tijuana WoodsFebruary 3, 2019, 10:08 pm

    I contacted you guys months ago regarding being scammed by Krystal Cancun. I never received any response. I was told this would be an investment now to later find out. I have to pay more money for advertisement with the broker. Now they plan to send me to collections for a scam,

  • Imelda DiazJuly 17, 2018, 12:28 am

    Nosotros hemos pasado ya por 2 agencias de cancelacion de tiempo compartido y no nos resolvieron nada, nos dijeron que si era posible la cancelacion pero hasta la fecha nada ha pasado, no sabemos como cancelar nuestra membresia de verdad necesitamos ayuda ya que estamos muy desesperados, no podemos seguir cubriendo ese gasto, ayuda por favor.

  • José Luis GarramuñoAugust 16, 2016, 10:30 am

    Hola. Soy titular de un tiempo Vacacional que estoy a punto de terminar de pagar. Estoy seguro que fui estafado y estoy considerando iniciar una demanda. No entiendo cómo hasta el dia de hoy no se ha hecho un amparo generalizado para erradicar este delito.
    Espero poder coordinar una acción para hacer valer mis derechos.
    Espero respuesta
    Saludos. José Luis Garramuño

  • ElizabethNovember 16, 2015, 10:32 am

    Me resulta muy complicado como seguir manejando mi tiempo compartido , no puedo seguir pagandolo , pero lo que me molesta mas es que no puedo nisiquiera usarlo , de un tiempo para aca me lueven llamadas de este tipo de agencias, ya me es muy molesto esto , de verdad ocupo la forma de salir de este asunto.

  • Ivan July 12, 2015, 6:35 pm

    i visited vallarta,cancun, mazatlan , and many others, sometimes salespeople tried to approached me and try to sell me something, a friend of mine one time felt on that trap and at the end of the timeshare presentation , the salespeople force him to buy something,i just ignored him , you should do the same !

  • RodJanuary 27, 2015, 12:20 am

    even if this agencies start to procced this wont gonna change anything, trust me , the better option is to cancel the timeshare, But here is the problem, those resorts people are totally experts on the scam and fraud field, so is not gonna be an easy task , also if you are thinking to acquire a timeshare pls dont do it, i had a very bad experience that cost me a lot of money to get out, be careful

  • GiselaJanuary 5, 2015, 9:11 pm

    me tienen cansada, no se en que momento deje que pasara el tiempo y llegara a esto, me arrepiento muchisimo, pero tampoco puedo seguir pagando algo que no quiero, me gustaria poder cancelar o hacer algo al respecto, pueden ayudarme?

  • EliahDecember 29, 2014, 9:25 am

    when i already was in the big problem, i started searching info.. that i'm sure, i wouldn't be in that situation right now

  • Jean HarrisDecember 20, 2014, 8:03 pm

    is there a way you guys could help me to stop them??? i will appreciate it!! i'm getting crazy

  • DanielDecember 12, 2014, 7:40 pm

    lo mejor seria no llegar al punto en que procedan con agencias de cobranzas, es mas, lo ideal seria nisiquiera adquirir tiempos compartidos

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