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Paying off a timeshare early (by Dave K.):

You're correct that the world is smaller and yes, it is feasible that credit can be affected for a default in the US in another country. However, for this to happen the debt needs to be registered in THAT country and this is an expensive and time consuming excercise for the TS owners (or their agents). My personal experience (and that of many others out of the US) is that "usually" the TS owners choose the path of least resistance and either issue a deed-back or just stop bothering to chase you. Even a US foreclosure is only registered in the US and will not show up on credit reports in the UK or Australia unless pursued and registered there, that's the law in those countries. Even for me in Canada this applies. We have laws which restrict that activity. To reiterate: it's not impossible to affect credit outside the US, but HIGHLY unlikely for a TS loan. See below a legal opinion from a Canadian source:

It doesn't matter that the credit files are run by the same companies. The systems in the two countries are governed by different laws and therefore can't be mixed. They are entirely separate.