Unfortunately, you&#x27;re risking your credit score. If you signed (or agreed to) a contract with a specific termination procedure, then just cancel your payments without going through that procedure, they are within their rights to recover the money.<p>There&#x27;s no law to say that you can terminate by email. Most companies won&#x27;t bother chasing, but there&#x27;s nothing to stop them really hurting you.