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For many, timeshares are very popular. These timeshares offer an option to traveling at one destination each year. Although timeshares offer many benefits, they are not always a good investment. If you’re planning on investing in a timeshare, it’s important to do some research and find out if it’s a good idea. Timeshares are often…
Getting out of a timeshare can be a tough sell. While the initial sales pitch may be alluring, the reality is that ownership costs are on the rise and that a timeshare is not as flexible as it is sold. One of the first things you’ll want to do is figure out whether or not…
Many timeshare salespeople will say just about anything to get a sale —in fact, many are trained to tell lies! These misrepresentations are from the stories of real timeshare owners. Some of these may apply to your experience; if they do—you should include them in any complaint letter you write! Make sure you specify what…
The quick answer is, that if owners are successful with their disputes, their credit will not be affected at all—even if they’ve stopped paying on the timeshare at the beginning of the dispute. If the company decides to cancel the contract and issue a refund, there will be no adverse effect on the credit rating….
A Timeshare Contract is a legal document that requires the parties involved to perform certain duties. When one party fails to meet any of the contractual obligations, a breach of the contract occurs. A contract breach might occur due to: What Happens After a Timeshare Contract Breach? When a Timeshare Contract breach occurs, the innocent…
Timeshares can be inconvenient. You might be considering letting your timeshare go into foreclosure if you’re making a monthly mortgage payment for a home you almost ever use, as well as exorbitant annual maintenance fees. Before you do so, think about how foreclosure can affect your credit score. A timeshare foreclosure, like home foreclosure, will…