WALK AWAY FROM TIMESHARE

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Re: WALK AWAY FROM TIMESHARE (by R P.):

pattig31 wrote:
have had many friends who have simply walked away from the time share maintenance fees. They call and harass you for awhile, but then give up. No real impact on credit...especially in these times of people not even paying their house mortgages

Please DO NOT FOLLOW THE BAD ADVICE ABOVE if you're contemplating walking away from your timeshare monetary obligations as doing so WILL NEGATIVELY IMPACT YOUR CREDIT RATING. Evidently the resorts above have not yet foreclosed on her friend's timeshares but that's more than likely coming in the future. All this takes time.

If you have signed a timeshare contract then you are legally liable to uphold that agreement and that means paying your timeshare monetary obligations same as if you signed a contract to buy a car, home, boat or any other kind of contract.