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Re: Fairfield Problem (by R P.):

carvana wrote:

I will put my kinowledge of the timeshare industry up against yours anytime anyplace. I suspect you are an employee or developer within the timeshare industry and I understand the reason behind your advocacy.CGA

Last word .... I am not an employee or developer in the timeshare industry. I'm merely a former owner of 9 timeshare weeks and I my knowledge was earned via research, research and more research on the subject of timesharing for many years.

BTW, what am I supposed to be advocating .... paying my former maintenance fees on time and not buying a timeshare week if I knew I couldn't afford it. We paid for all of our weeks with cash, otherwise the weeks wouldn't have been bought in the first place.

What happens to a person's credit if they stop making payments on a timeshare they financed through the resort? Is that debt also written off when they decide they no longer want to pay? I seriously doubt it.

There are millions of timeshare owners, as is evidenced by the resale market, that have, in retrospect after purchasing, decided that timeshares are not for them and they honestly think they can quit paying any fees or debts to the resort or the resort's's financial services. I see it all the time when reading timeshare forums on the internet. They believe that just because it's a timeshare that it's not like any other debt they owe and they can just quit making payments. It's classic.

I agree there may be mitigating circumstances with positive proof required (aging, bad health, death etc) that some timeshare debts may be written off by a resort, but I imagine they are few and far between. The majority of non paid debts are handed over to a collection agency from what I've gathered in my years of research.