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Re: Vida Vacations & Grand Mayan lies (by Joe G.):

Jc E, My wife and I did a ton of googling and we found a lot of opinions out there and some, what seems to be, good information. Our own conclusion is that there isn’t anything they can do. They could report to the 3 credit agencies if they were registered but registration is not an easy process. Much like if I lent you $50 and you didn’t pay me I can’t go to Trans Union and report you. There is a process they would need to go through. Nothing says that they haven’t so it is a risk I am taking but if it does hit my report then I’ll use a credit repair firm to clear it. This is a good site where I found some info that is comforting. Some people put their rude comments in there but if you can read past that then you might find some comfort.

https://tugbbs.com/forums/index.php?threads/is-ones-credit-rating-affected-by-defaulting-on-a-mexican-timeshare-purchase.273714/page-2

My biggest concern with the right to use was that my current time share didn’t sell like they adamantly proposed that they would. I know it was through a different company but as I sat there I believed it would work out. I wish I hadn’t been so gullible. Super disappointed that I let so much money go to waste.

jce4 wrote:

Joe G., did you ever find out for sure what the result of discontinuing payment would be?