Sell or not pay
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Original Message:
Re: Sell or not pay (by R P.):
edwardm109 wrote:Ok, I'm fairly new to this but I need some assistance from someone that knows about time shares. About 4 years ago I bought a Timeshare @ Westgate Villas & know I just want to get rid of it. Is it dificult to sell this, if not how can I do this ? A person has told me that if I can't sell it just stop making payment as it will not affect my credit since it was finance in house & not through a bank, does anyone know if this is true ? Please help out someone as I' have a baby on the way & I just can't afford this extra payment but @ the same time I don't want to ruin my credit.
Your timeshare debt is like any other debt that you owe even though it was financed within the resort. If you quit paying it will adversely affect your credit rating just as if you quit paying your car or house payment.