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How To Get rid of or Get out of a Capital Resorts Timeshare!
- Thread starter TUGBrian
- Start date
- Joined
- Jun 6, 2005
- Messages
- 35,777
- Reaction score
- 11,784
- Location
- The Centennial State
- Resorts Owned
- Wyndham; Disney OKW & SSR; Marriott's Willow Ridge, Shadow Ridge and Grand Chateau; Val Chatelle; Hono Koa OF (3); SBR(LOTS), SDO a few); WKORV-OFC-4 and Westin Desert Willow.
How much did you have to pay?
We are in the process of doing a graceful exit with Capital resorts. We had 3 different points contracts with Capital Resorts. We had to pay our maintenance fees for this year and also pay $5900 to do the graceful exit. We started the graceful exit on Apri l 13th and we got the paperwork to fill out on June 4th.
We sent the paperwork back the next day and they have said the graceful exit should be complete on August 10th. It has been a long drawn out process and we will be glad to get rid of it.
CAMRN703
newbie
- Joined
- Dec 11, 2024
- Messages
- 1
- Reaction score
- 0
- Resorts Owned
- Silve Lake Resort-Capital Vacations
Considering giving my timeshare back but is the loan I took for points membership with Capital Vacations onsidered a mortgage, a secured loan or an unsecured loan?
Other than hitting your credit rating, what other repercussions for defaulting on the loan?
Other than hitting your credit rating, what other repercussions for defaulting on the loan?
I don't think anyone here can know what your loan is secured with. Ask Capital's financing arm. As far Is I'd be concerned, unless your paperwork shows it to be a deeded ownership, what you have bought is simply a membership, and the loan is unsecured. What they choose to do regarding collections should be pointed out shortly after the first payment is late.
Not sure what you mean by 'other than hitting your credit rating'. They might sue if the amount is big enough. Probably won't, but they can.
Jim