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TRYING TO GET OUT OF MEXICO TIMESHARE (by Haydee P.):

I purchased a timeshare in Cabo San Lucas, Mx about 4 yrs ago that I already paid off and maintenance fee dues every other year, as well as Travel club Jr. Suite at a different resort a year later. I didn't realize that for the travel club I am making a $250 a month payment and still would need to pay a "discounted " price to stay at my unit every year. These details were not mentioned to me at the time of course. Technically I have access to discounted rates around the world home resorts in Mexico but it is all just too much with the monthly loan payment, paying for the week or two, and the $160 yearly fee. I'm considering just stopping payment on everything as I feel I was totally lied to!!! I wanted to know if you ever received any threatening phone calls or letters when you decided to stop payments? I keep seeing some people say that yes, it can affect your credit...others saying it can't because timeshares never actually showed on a credit report to begin with and cannot be reported once there is negative activity. Any information and advice is greatly appreciated!

davidm655 wrote:

Well it has now been over several years since I have made any payments on my Westin Cancun timeshare and there has not been any negative consequences to me not paying my every other year hoa dues. Not sure if the Westin turned me over to a collections agency but my credit score has not gone down since not paying my dues. I tell you one thing, I'm thankful that I don't have to pay that $750 every other year now. Best decision I have ever made concerning timeshares, to stop making those hoa dues payments on that aweful Mexican Westin Timeshare!