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We are in over our heads, what do we do now?

In June 2008 we purchased a timeshare. Don't ask me why, or what we were thinking, because I know we were stupid and young and blah blah blah. Since then we have had a child, husband is making $5 less an hour than he was then, we're expecting another child in the spring (birth control doesn't always work!), and we haven't paid on the damn thing since June. We just simply can't afford it. Maybe if we didn't buy groceries, or pay our car payments we would be able to scrape together the monthly payment. We're not "living large" here, we actually just moved into a cheaper apartment, and we have internet because I am in school and half of it is online, and we eat at home. We tried calling and telling them we couldn't pay and asking them what they would do, they told us "it's not a serious problem yet". What do we do? Just let it keep going like this until they take it? We can't sell it, either.

 
Anonymous

Asked by Anonymous at 5:14 PM on Sep. 18, 2009 in Money & Work

This question is closed.
Answers (4)
  • Consult an attorney, too. If you check with a non-profit consumer credit counseling organization they should be able to help you get connected. www.ccs.org.
    gdiamante

    Answer by gdiamante at 5:23 PM on Sep. 18, 2009

  • So sorry to hear about your unfortunate situation. Call the company and insist that you need to give it up because you simply cannot afford it. Also, go back to the paperwork that you signed and read it again. Perhaps there's something on there that talks about what happens when you're unable to make payments.

    Hope this helps and good luck to you!
    raelen06

    Answer by raelen06 at 5:21 PM on Sep. 18, 2009

  • can you rent the days out? how about croigslist or something? Praying for you.
    cynthiaesquivel

    Answer by cynthiaesquivel at 5:24 PM on Sep. 18, 2009

  • I would als o recommend you consult with an attorney. You can get a lawyer for less than a cup of coffee a day to represent you and write letters for you and more.


    To view ourplans clcik here.

    IraqiVetWife

    Answer by IraqiVetWife at 1:23 PM on Sep. 19, 2009

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