njgebo04
newbie
I've been looking over this site for a while and found some good advice and I was hoping to squeeze some more out of your experienced minds.
Back info
I bought a timeshare from Silverleaf Resorts in Lee, Mass. "Oak N' Spruce Resort" roughly a year and a half ago. When I bought this piece of "property" I was told that I could take there outrageous loan rate of 17.5% and get it refinanced at a local bank to lower the rate. I've been actually trying to get out of the timeshare because of money issues but figured for the time being that I would try to lower the rate.
Issue
When I went to the bank to refinance the loan they said that they could get it approved because of two reasons. (I know they aren't supposed to tell but I know them so...) 1. My credit score was mediocre but not horrible. 2. My credit report didn't have any record of a loan with Silverleaf Resorts which they thought was odd since it is supposed to be reported with in 30 days of signing the papers. When I talked to Silverleaf over the phone about the issue, they said "At some point they might put it on there."
Solution
Is it possible for me to wipe my hands of the timeshare legally without spending anymore money because they haven't reported it? It's one of those things where I would pay a lawyer to get it done in a month or two before I would have anymore money given to Silverleaf.
Any suggestions?
Back info
I bought a timeshare from Silverleaf Resorts in Lee, Mass. "Oak N' Spruce Resort" roughly a year and a half ago. When I bought this piece of "property" I was told that I could take there outrageous loan rate of 17.5% and get it refinanced at a local bank to lower the rate. I've been actually trying to get out of the timeshare because of money issues but figured for the time being that I would try to lower the rate.
Issue
When I went to the bank to refinance the loan they said that they could get it approved because of two reasons. (I know they aren't supposed to tell but I know them so...) 1. My credit score was mediocre but not horrible. 2. My credit report didn't have any record of a loan with Silverleaf Resorts which they thought was odd since it is supposed to be reported with in 30 days of signing the papers. When I talked to Silverleaf over the phone about the issue, they said "At some point they might put it on there."
Solution
Is it possible for me to wipe my hands of the timeshare legally without spending anymore money because they haven't reported it? It's one of those things where I would pay a lawyer to get it done in a month or two before I would have anymore money given to Silverleaf.
Any suggestions?