Original Message:
Re: Re: Re: Re: Re: My timeshare is paid in full, but I just don't want it anymore (by Chris-Ann P.):
Jane has a "right to use" in Mexico, fully paid off. No foreclosure. The contract has no exit clause, and only states if you default on MF they will take it back in 2 years. The Raintree company in Huston says you can only resell it yourself or donate, which is a joke. It seems to be a longshot for them to ding a credit score for 7 years when the original "RTU" has been paid off for years, MF up to date and the property never used. Jane was asking Steve P for an update on what ultimately happened to him when he stopped paying the MF, and I am also interested in hearing back from him. Steve P, if you are still out there please let us know!
brianl119 wrote:janeb492 wrote:I don’t think they call anymore since it’s easy to block the number. They’ll send a couple letters and then just hit your credit, which will then be with you for 7 years as a negative. It could drop your score 100-150 points.Specifically want to know if anyone has just quit paying the annual maintenance fees and how long it took for creditors to quit hounding.