Talk of The Villages Florida - View Single Post - Timeshare exit strategy
Thread: Timeshare exit strategy
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Old 07-07-2021, 07:01 AM
retiredguy123 retiredguy123 is offline
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Quote:
Originally Posted by rlcooper70 View Post
One option is to tell the collection agency that you don't give a hoot about their efforts and that you will never again need credit so you don't care what they do.

Then go to the credit rating agencies and lock your accounts. No one will be able to see your credit at that point. And you won't be able to get loans.

If that's the case then they will give up and you can walk.
It's not true that locking your credit will prevent everyone from seeing your credit report. Insurance companies, employers, landlords, and others use credit reports to determine their rates, who to hire, etc., and they can still see your credit report, even if it is locked.

Also, how do you know the collection agency or timeshare company won't sue you in court and try to seize assets that you own? If they get a court judgement, a lawyer can legally remove money from your financial accounts before you even know it is gone.