Have a deeded Timeshare that I would like to stop making payments on.
2007-01-07 21:18:36 · 3 answers · asked by Lorie C 1 in Business & Finance ➔ Credit
ANY foreclosures/non-payments affect your credit rating.
There is no "pass" for a timeshare. You have to make the payments until you sell it to another sucker, er person.
2007-01-07 22:57:02 · answer #1 · answered by Gem 7 · 0⤊ 0⤋
If you default by stop paying then they will foreclose and it will affect your credit. The best thing to do is try to find someone to sell your timeshare. There are companies who specialize in this type of thing. If you want out of the timeshare, you may even be able to sell it back to the people you originally purchased it from.
2007-01-07 22:55:05 · answer #2 · answered by Flyby 6 · 0⤊ 0⤋
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2016-12-02 00:03:42 · answer #3 · answered by ? 4 · 0⤊ 0⤋