• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 29 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered!
  • TUG started 29 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Check out our happy birthday post here: Happy Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Come check it out for a chance to win a Free TUG membership (or renewal) just for helping out!

    Read more here
  • TUG has now saved timeshare owners more than $20,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $20 Million dollars
  • Our 2022 Timeshare Survey is now complete and the full results as well as our expert and witty analysis of each question is available here: Here We hope you enjoy reading the results as much as we did!
  • Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
  • Sign up to get the TUG Newsletter for free! 50,000+ subscribers! Latest resort reviews and the most important topics discussed by owners during the week!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
  • A few of the most common links here on the forums for newbies and guests!

Option to defer your Marriott timeshare loan payment

needvaca

TUG Member
Joined
Apr 18, 2017
Messages
683
Reaction score
746
Points
203
Resorts Owned
MGO, WKV, SVV Bella
After hearing this from MVC's CEO recently on CNBC, I looked up the transcript of the recent investor call and see this:
"for our owners who have timeshare loans and have temporarily lost their income or a substantial portion of their income due to COVID-19, we are working closely with them, deferring loan payments where we can, as well as halting foreclosure activity, as we work with our owners to help them transition through this difficult time. To date, only around 2% of our borrowers have inquired about deferring their loan payment, with only a portion of those people actually taking us up on the offer, speaking to the strength of our owner base and our targeting efforts "

It's worth asking about a deferral, if you have a loan.
 

Dean

TUG Review Crew
TUG Member
Joined
Jun 7, 2005
Messages
9,016
Reaction score
2,953
Points
648
After hearing this from MVC's CEO recently on CNBC, I looked up the transcript of the recent investor call and see this:
"for our owners who have timeshare loans and have temporarily lost their income or a substantial portion of their income due to COVID-19, we are working closely with them, deferring loan payments where we can, as well as halting foreclosure activity, as we work with our owners to help them transition through this difficult time. To date, only around 2% of our borrowers have inquired about deferring their loan payment, with only a portion of those people actually taking us up on the offer, speaking to the strength of our owner base and our targeting efforts "

It's worth asking about a deferral, if you have a loan.
If they allow deferral it's likely they do not halt the interest at the same time so the interest will still be accruing. It still may be helpful for some if they are struggling to make the payments but at the MVC interest rates, it's painful if one can avoid the option.
 
Top