Original Message:
Re: Is there an honest Timeshare transfer company....no upfront fees? (by KC):
angeliay2 wrote:What about if you're not completely paid-off, and still have an outstanding balance? What's your advice in this situation?
I respectfully decline to offer you any "advice", as you have provided far too little background facts or figures or information on which to possibly base any such advice. Every situation is different.
I will merely note that if you default on a loan, there will almost certainly be negative credit report consequences. Whether or not this fact concerns you is a personal matter. Negative credit report information will remain in place and on record for seven years. This is something to consider if you have plans to apply for any other loans (including a home mortgage) during that time frame.
There is no "magical escape" from a legally binding contract you voluntarily entered of your own free will and choice. You either honor those contract terms or breach the contract and default on the loan.