Here’s how I would think about this if I am well over 65. Normally, one is on a fixed income. This means sometimes the MF payment really does have impact.
Being well past 65, I normally am not planning any major purchases that require credit. Thus, a credit drop wouldn’t matter to me. Also, even if there was a credit drop, I know it loses significance in a few years at most. Knowing a few bankers, I know once they hear it’s timeshare related, the derogatory credit mark is discounted.
If the TS is in Florida, I also know the TS has limited options to recover anything but the timeshare.
Hmmmmm....I know what I would do. But, again, this is not me so you need to decide.
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