Hello - anyone home??
From the article:
"Timeshare companies now demand that buyers have higher down payments and good credit scores to qualify for a loan. At Marriott International, 80 percent of buyers used to receive financing, but now only half do, said Ed Kinney, vice president for corporate affairs at Marriott Vacation Club International in Orlando. Wyndham, which once required a 10 to 15 percent down payment, has since increased it to 15 to 20 percent, Mr. Holmes said."
Now is the time to tighten up the credit requirements? Who came up with that bright idea?
Real estate across the USA is down 25% - resort areas are hit much much more.
How about just reducing the selling price Marriott?
Did anyone ever think of that?