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Re: Timeshares on credit report? (by R P.):

josephinec40 wrote:

That's the situation I'm in--our TS has been paid off for years and we stopped paying the maintenance fees. It appears that based on the Fair Credit Reporting Act, if the TS has not been reporting on-time MF payments to the credit bureaus, they cannot now start reporting non-payment of MF.

It depends on the HOA or management of a resort whether or not they ding credit scores for non-payment of maintenance fees, however I would think the majority would report such non payments since maintenance fees are the bread and butter that holds a resort together and it's part and parcel of buying any timeshare. If everyone merely decided to stop paying maintenance fees then the resort would dissolve from within.

If I were thinking of stopping paying maintenance fees I would contact the resort for any repercussions that might occur, especially if you value your credit score.