WALK AWAY FROM TIMESHARE

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Re: WALK AWAY FROM TIMESHARE (by Scott M.):

We walked away from the timeshare, handled the collection entities and just said no to anymore maintenance fee's, (48 months is the statute of limitations on these type of collections) . Timeshare sellers need to inform the buyers (I know, Caveat Emptor), that unloading the timeshare is next to impossible. You may get a hit on your FICO score with a collection notice, one does not really effect you, my average went from an average of 790 down to 775. Not much of a hit, the collection agencies have no teeth in most cases, unless your in dire straights. But then again, you can't re-burn down an already burned down building. Again if you can't sell it, just walk away.