- Sep 1, 2018
- Reaction score
- Tampa, FL
- Resorts Owned
805,000 Club Wyndham Points,
Marriott Grande Vista,
50 SSR DVC points
There are plenty of happy Wyndham owners that want to aquire more points. Buying them developer is just a terrible way to do it. Happy owners all know better. Sadly, you won't get out of your poor decision without concequences. At least you didn't buy a house at the height of the bubble and are only out $15,000 and not $100,000 upside down on a mortgage.We bought a Wyndham timeshare before the economy went kaput and we could afford it. Now we aren’t even treading water.
I’m leary of exit companies, they seem like frauds.
Are there any happy Wyndham owners that would like to acquire more points?
I feel so lost. I just found this website…haven’t the foggiest how it works.
Here are your choices:
2. Pay it off
Choice 1 will hurt your credit for at least 7 years, I personally wouldn't go that route over $15,000. If you choose choice 2, look at the APR that you are paying and see if there is ANY WAY to get it down while you side hustle your ass off. You can Doordash $15,000 easily if you and your partner do it every weekend. Weekends usually yield $20 an hour in my area.
This has risk to it, but if you have good credit and are 100% sure about not letting it hit your credit, then you can always try to just get a $5,000+ limit 0% intro APR credit card and credit card hop to get at least some of the interest down. When the intro period is over, get another card with the same offer and clear and close the one you were previously using. I did that in my mid 20s when my husband kept getting laid off and I didn't want to lose the cars because we needed them for work. I was able to transfer $10,000 of car payment debt to credit card debt with 0% interest for about 3 years. Any other type of personal loan requires proof of income, so sadly credit cards were my only option. I paid both cars off ith no additional interest and am debt free now.
If you go the credit card method, then you will need to stick to side hustling to pay it off before the intro period is over. 2 people can easily clear $15,000 doing food/grocery delivery in a year. If you have a skill that you can freelance with, make an Upwork account and see if you can get a contract. My husband has made around that before with IT contracts while he worked full time elsewhere. I don't know your skill sets but there are plenty of ways to add $7,500 to your annual income each. I'm a teacher is ass backwards FL and make roughly the same as the general manager at McDonalds. I have side hustled $7,500/year easily for the past 5 years. Most teachers in FL have to in order to keep their jobs. I do tutoring, Doordash when I know I'll get at least $2/mile, I used to rent out my Wyndham for around $3,000/year profit (can't anymore without getting account frozen), and pet sitting (Rover.com).
You're just going to have to swallow your pride on this one. I have a science degree that I worked my ass off for and have no issues handing people food or walking their dog. I made a choice so I wouldn't have to waste my entire life making some rich asshole richer by exploiting me. Teaching was the only profession I could think of and having to walk dogs and give people food are the consequences of my poor financial decision of becoming a teacher.