Stop paying maintenance fees?

[lonebadger320]

I have paid my westgate timeshare in full. I don't want to pay the maintenance fee anymore. I received the collection letter concerning my fees. What will happen if I no longer pay my maintenance fees

 

[Passepartout]

You'll get more collection letters, but eventually they'll foreclose. Will it affect your credit? Nobody knows. It might. @Grammarhero tracked this for some time. He may chime in with his results.

If you are getting letters, how long since you stopped paying?

 

[lonebadger320]

You'll get more collection letters, but eventually they'll foreclose. Will it affect your credit? Nobody knows. It might. @Grammarhero tracked this for some time. He may chime in with his results.

If you are getting letters, how long since you stopped paying?

I didnt pay In 2024 I just my 2st letter

 

[lonebadger320]

I'm sorry. 1st letter

 

[Grammarhero]

I need to update the thread. I notice resorts are more likely to report to credit companies than usual.

 

[TUGBrian]

westgate is certainly an odds on favorite to turn your account over to collections and report it to the credit bureaus.

 

[knits1]

I need to update the thread. I notice resorts are more likely to report to credit companies than usual.

Where is that thread please?

 

[dioxide45]

Where is that thread please?

[ 2022 ] Timeshare Default Credit Report/Collection Tracking

Some of you know I have been tracking this. Out of four (4) more TS defaults reported on TUG Facebook, one (1) got his credit affected. I have tabbed the following stats(updated 5/2022): TS defaults w credit drops: 47 out of 107 TS defaults w collections: 12 out of 107 TS defaults w...

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