I am want to get rid of my Wyndham timeshare. I have one that is paid off but I made the mistake of buying extra points so now I owe abou 8K. I stopped making payments because I dnt have money because kids are in college and I need to pay for that. I have a collection agency sending letters to me already. I stopped paying in November 2023. I never answered the calls from Wyndham because there is no way I can pay 500 a month on the loan and the maintenances fees. What will happen, can they sue me and take the very little I have? I dnt own a house and dnt plan on buying one any time soon. Please help me!!
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Best way to get rid of my Wyndham timeshare
- Thread starter Jack1978
- Start date
- Joined
- Jun 6, 2005
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- The Centennial State
- Resorts Owned
- Wyndham Founder; Disney OKW & SSR; Marriott's Willow Ridge, Shadow Ridge and Grand Chateau; Val Chatelle; Hono Koa OF (3); SBR(LOTS), SDO a few; Grand Palms(SOLD); WKORV-OFC-4 ,Westin Desert Willow.
I don't think they can take anything you have. I think a phone call to tell them you cannot afford what you bought and want to have them take it back. They should be okay with that. But ignoring it is always a way to handle it because eventually they will stop trying to get money.
I am so sorry Wyndham talked you into buying something you cannot afford. It's so Wyndham.
LannyPC
TUG Member
It's not just Wyndham.
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Marriott Harbour Lake
Sheraton Vistana Villages
Club Wyndham CWA
What exactly do you own? Club Wyndham Access, a deeded week? At some point they will foreclose and the debt will be behind you. They may or may not issue a 1099-C for the debt they write off, so there could be tax implications. They are unlikely to seek any kind of recourse judgement. If they are even able to depends on the state where the timeshare is in.
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They will probably turn it over for collection and ding your credit. It stays on the credit report up to the Statue of Limitations depending on where you live.
Bill
I have club Wyndham access, I have a deed at
I have Wyndham Club access and deed for Bonnet Creek. I have about 400,000 points but anytime I wanted to use them I couldn’t get any reservations. I was only able to visit resorts like the one on Atlantic City, the bonnet ceeek one and that’s about it.
- Joined
- May 20, 2006
- Messages
- 52,977
- Reaction score
- 24,551
- Location
- NE Florida
- Resorts Owned
- Marriott Grande Vista
Marriott Harbour Lake
Sheraton Vistana Villages
Club Wyndham CWA
You may have bought it at Club Wyndham Bonnet Creek, but if it is Club Wyndham Access then it is not deeded. Bonnet Creek is a UDI resort. Meaning, you buy a set number of points at that resort and have ARP at Bonnet Creek and then can make a reservation at another Club Wyndham resort at 10 months. If you own Club Wyndham Access then you can make a reservation at any of the CWA resorts at 13 months to 10 months ARP. In either case, you might have to be willing to give the contract away for free in order to find someone to take it. Since you still owe on a loan and are in default, giving it away is not an option. If your credit score is already impacted negatively, then simply waiting for them to foreclose might be an option to consider.