Original Message:
Re: Diamond Resorts -- surrendering a contract??? (by Jamie F.):
We were told (by the law firm who will be handing our case) that Diamond will wait 60 days after the January 21, 2012 deadline to pay the fees before they report you to the credit bureaus. However, part of the process is guidance from them (law firm) to notify the credit bureaus of the impending lawsuit. Ultimately, according to them, all the negatives get removed. This was of some concern to us because our FICO is in the low 800's and we really didn't want to jeopardize that.