Hi guys,
First time poster here, myself and my partner recently bought a 2bed timeshare at mystic dunnes in orlando, for around $10,000, while we were on vaction there, mainly because of a lot of talk from the sales people about how great this 'diamond' takeover of the company would be 'when' it happens.
The thing is when we returned home (to Ireland) (after our 10day 'cooling off period) we found out that i will be laid off work in feb 2011, and the wifes job dosent pay all that great, so with that and the prospect of myself not being able to get a job for a while due to the bad economy over here we simply cant afford it now. we now have until 23rd jan 2011 to come up with the money ourselves our pay in installments to them at an outrageous 17+% apr. & they have my credit card details.
we are really worried about this and want to find a way out. Is there ANY way we can just cut our losses with what we have paid already and just hand it back to them?
or if i instruct my bank not to pay anything to them?
Can this affect our credit rating in Ireland?
Will they hunt us down to the ends of the earth for this??
thanks to all replies........
First time poster here, myself and my partner recently bought a 2bed timeshare at mystic dunnes in orlando, for around $10,000, while we were on vaction there, mainly because of a lot of talk from the sales people about how great this 'diamond' takeover of the company would be 'when' it happens.
The thing is when we returned home (to Ireland) (after our 10day 'cooling off period) we found out that i will be laid off work in feb 2011, and the wifes job dosent pay all that great, so with that and the prospect of myself not being able to get a job for a while due to the bad economy over here we simply cant afford it now. we now have until 23rd jan 2011 to come up with the money ourselves our pay in installments to them at an outrageous 17+% apr. & they have my credit card details.
we are really worried about this and want to find a way out. Is there ANY way we can just cut our losses with what we have paid already and just hand it back to them?
or if i instruct my bank not to pay anything to them?
Can this affect our credit rating in Ireland?
Will they hunt us down to the ends of the earth for this??
thanks to all replies........