Original Message:
Some percentages... (by KC):
Fwiw, a fellow on Timeshare Users Group (not me) has been collecting information and creating a database over the past year or so regarding the occurrence of negative credit reports after foreclosure for non-payment of maintenance fees and / or timeshare loan default. The information is based solely upon the direct, first hand input of people who have personally been in one (or both) of those two situations and have voluntarily shared their results. Sample size is not huge, but is growing. At the very least, the collected results are certainly more informative than isolated single experiences or unsupported speculations.
Limited data currently reflect that at least 71% of timeshare loan defaults result in a negative credit report; I would actually have bet on a much higher percentage if I was a gambler. The associated "drops" in credit score have been reported elsewhere as being within a range of 75 points (minimum drop reported) to 150 points (maximum drop reported).
The limited data further reflect that only 18% of foreclosures that occur for ONLY non-payment of maintenance fees (i.e., with NO loan default involved) result in a negative credit report. I would actually have bet on a percentage even lower than that if I was a gambling man — but I am not.
These percentages may not accurately reflect the whole picture, since all of the information originates solely from people who have voluntarily shared their personal experience for his data collection effort. Nonetheless, the reported data certainly at least seem to support the long-held belief that IF there is no loan default involved, ONLY unpaid maintenance fees, most resorts do NOT follow through with negative credit reporting after collection efforts and foreclosure.