What happens if I stop paying my timeshare?
If you own a timeshare, you are familiar with the maintenance fees.You might be tempted to stop paying.What are the consequences if you don't pay?
Are you ready to walk away from your maintenance fees?This isn't the best option.Failure to pay can cause a lot of stress for the owner.Most of the time, your bills will be sent to collections.This can hurt your credit.It can affect your ability to make big purchases in the future.
You have options if you want to get out of loans and fees.Whatever you do, don't stop paying your loan or maintenance fees.The company that you owe will try to collect on your debts.Phone calls, letters, and emails can be included.It is possible to get out of your timeshare without ruining your credit.These are the steps we recommend trying.Don't stop paying for your timeshare yet!It is better to avoid foreclosures if you can.If you stop paying, this is what happens.
If you've fallen behind on your dues, it's time to call your developer.The best place to start is with your developer.Some developers have programs that can help their owners who are past due.You can talk about a payment plan or forgiveness options.People are wondering if the company will take back their timeshare.Your developer is the best person to ask this question.
Are you worried about falling behind on your loan payments?Contact the servicer of your loan.Making them aware of your situation may help you find a solution or at least put a hold on your bills for a little while.
You may be able to get cash for your timeshare through our exclusive To Go program.If you don't use your timeshare anymore, you can monetize it with this program.To go membership is where you can find more information about the maintenance fee relief program.
If you've been looking for help with timeshare issues, you might have found a company that sells exit companies.We warn against exit teams and cancellation companies.Many of these companies are known for their fraudulent activities.One of the most common timeshare resale scam is asking owners to pay a lot of legal fees.The lawyers don't help you exit your timeshare.
Many companies will tell you to stop paying for your timeshare, ignoring what happens if you do.We recommend against this.Just like a house or car payment, you shouldn't stop paying.If you are contacted by a company like this, we recommend checking with ARDA.We recommend talking to ARDA-ROC.Timeshare owners should seek help and guidance during uncertain times.
You might be interested in posting it for sale now that you know what will happen if you stop paying.It doesn't hurt to put your timeshare on the resale market if you're looking for the best option to quell maintenance fees.We help owners post their timeshare for sale.Get in touch with us if you are ready to take the first step.Not sure if you want to sell?Not to worry.The To Go Program is one of the options we offer.
Are you ready to sell your timeshare?Timeshares Only is an Accredited Business with an A+ rating from the Better Business Bureau.Get started by filling out the form below.
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Hannah O'Brien is a digital marketer with a passion for writing.She is the manager of the social profiles at Timeshares Only.She received a Bachelor of Arts in Communication Studies from Rollins College.Hannah enjoys spending time with her friends.She likes to travel to Washington D.C. and the beaches of Florida.