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Paying off a timeshare early (by R P.):

davek194 wrote:

Since you're from outside the US one of your options is just to walk away and cease all payments. I know this seems unethical and immoral, but it works. Westgate finances all their TS sales using private financing with high interest rates that have a built in recovery for default. They will threaten foreclosure and credit damage, but my long history dealing with Westgate has shown this to be all that happens - no actions are usually taken and a deed-back is then usually offered. Also to have your credit affected it needs to be registered in your home country - a US debt (or even foreclosure) will not show on your credit anyway. However, I would write to them and suggest that you're likely to follow this approach and see what happens. I've seen many deed- backs achieved from Westgate using this approach, especially when you're not from the US.

You seem to think that just because the OP is from Australia that he can merely cease making timeshare mortgage payments and he will be rid of his financial obligation with no repercussions ..... this is just not true. The world has gotten smaller and with instant communications around the world anyone's credit can be ruined from non-payment of a signed legal contract no matter the country of residence.