Original Message:
Paid timeshare in full $20,000.00 but got foreclosed when I lost my job (by R P.):
vickw2 wrote:Can you tell me how the foreclosure affected your credit? I keep wondering how big a hit I would take if I stop paying the maintenance fee for my TS...
If your resort chooses to report you to the credit rating agencies for non payment of maintenance fees then your credit will take a hit.
If your week is paid for then you can choose to get in contact with the resort and ask if they'll take it back ..... some do but most won't.