Original Message:
Re: How to Back out of a World Mark time share that I don't owe on? (by Lance C.):
donivonm wrote:I have a World mark the club time share. I only owe monthly maintenance fees.I would like to just stop paying to get out of it but not sure if it will negatively effect me.
Please let me know if anyone has a company they have used to cancel a Timeshare that isn't another scam.
First and most importantly, do not use any of these companies that claim they can cancel your timeshare. If they're not a scam, then, at best, they're going to charge you thousands of dollars to do something you can do yourself.
As for your other options: You can stop paying maintenance fees and let your unit go into foreclosure. The negative effects are that you will likely face a bunch of annoying collection calls and letters. There is also a slight possibility that it will affect your credit score and history.
I don't know how much you owe for maintenance fees right now but if you bring them up to date, you can try to ask the resort's Homeowners' Association if it will take your unit back. It won't take your unit back if you still owe maintenance fees.