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What happens if I just stop paying my timeshare?

What happens if I just stop paying my timeshare?

Most timeshare owners walk away from their timeshare sales meeting not knowing about all of the money they will eventually owe towards their unit. While some are aware that their timeshare mortgage loan is a lot of money, they might be in the dark about the fact that their annual maintenance fees will increase exponentially.

This leads a lot of owners to start considering different ways to cease their payments. While selling or cancellation are popular options, some timeshare owners start to ponder about what would happen if they just avoided their timeshare resort developer and stopped sending money to pay their monthly and annual charges. It should be noted that no matter who might advise you to do this, it is completely your responsibility if you decide to stop paying. This is not to mention the repercussions you could face. Just how bad could it be? Well, for starters, it will hurt your financial ability moving forward. But there are other long term effects, not to mention the negative consumer report it might give you. 

The Stages Of Halting Payments On Your Timeshare

Here’s a look at the different stages that will take place should you choose to stop paying your timeshare.

The Initial Collection Effort

Customers miss payments all the time, it happens. Sometimes, in life, things are out of our control. This is why if you miss your first payment, a collection effort might be made by the timeshare management company. If they fail to reach you or you continue to miss payments, then your debt could potentially be outsourced to a third party collection agency. By now – assuming your timeshare resort company reports to a credit bureau – your credit report has already been impacted negatively.

The Final Collection Effort Before Legal Action

If the timeshare management team continues to find that you are unable to be reached they will usually make one final effort to see if they can get any sort of financial payment plan setup with you. By this stage, your timeshare mortgage loan’s interest rate (if applicable) has skyrocketed, throwing you into even more debt. If you continue to avoid the collection efforts, the next step for them could be taking you to court. 

Legal Action & Foreclosure

In this final stage, the timeshare resort developer could take legal action and file a foreclosure lawsuit against you. The reason most timeshare owners don’t think this is a possibility is because they don’t view timeshare the same as real estate, when in fact, in many states, this is how they’re treated from a legal standpoint. Depending on the state in which you hold a timeshare, a foreclosure could take about one year. At the end, you’ll be left without a timeshare and possibly a negative financial future. 

If my timeshare is paid off, can I just walk away?

Unfortunately, no. Timeshares have annual fees called maintenance fees that have to be paid by owners the same time every year. Some owners seem to think that these fees don’t matter as much as a monthly mortgage payment, when in fact, resort and property developers hold these fees at the same level of importance. Though the process would take a lot longer, not paying your maintenance fees could eventually end in the same way as previously mentioned above – foreclosure

What happens if I just stop paying my timeshare?

What are timeshare maintenance fees used for?

These fees are usually charged by the resort because they need money to make sure facilities and or amenities are kept safe and up to date within regulations. Usually, these fees would be used for things like landscaping, pool maintenance, golf course upkeep or renovations to other amenities.

The most common issue that owners have with these annual fees is that they tend to increase year after year. It’s sometimes hard to tell whether or not they should, and this is where an argument can be made that you might have been lied to during your sales proceeding. This should be taken into consideration when you start to weigh your options for timeshare cancellation. Be sure to find a  company that has a legitimate process and doesn’t outsource its cases to a law firm or other third party. 

How do I get rid of my timeshare without hurting my credit?

Your best bet is to find a credible timeshare cancellation company. With a lot of scam companies out there, be sure to find a cancellation company that offers a 100% money back guarantee, has an experienced staff and industry establishment. One company that meets all of these needs is Wesley Financial Group, LLC. With an ethical backbone, Wesley Financial Group, LLC has been helping people cancel their timeshares for over 10 years. Their staff is ready to help and see if you qualify for their timeshare termination services. 

One benefit to working with a timeshare exit company like Wesley Financial Group, LLC is the credit repair option, if needed, they offer after you’re out of your timeshare. In this process, they’ll assign you a credit repair specialist who will assist you by going through your credit report and will attempt to get any negative impacts removed. 


Though it might seem like an easy solution at first, halting payments on your timeshare will only hurt you in the long run. It could greatly reduce your ability to make major purchases in the future and you will still be stuck with the same problem you started with – a vast amount of debt. This is why you should weigh your options and find a legitimate timeshare exit company. 

Be sure to find a cancellation company that offers a 100% money-back guarantee and has an experienced and knowledgeable team of professionals. Wesley Financial Group, LLC passes inspection on both of those variables, plus it offers other benefits to you and your family, like credit repair after your timeshare has been cancelled. To learn more about qualifying for Wesley Financial Group, LLC and their termination service, be sure to check out their website and YouTube channel. The last thing you want is to wish you would have cancelled your timeshare months or even years ago.

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