I stopped the autmatic payment on my timeshare. I didn't pay it this month. It was due on the 1st. I already got a call from them asking for a payment. I told them that I can't afford it and asked if they would work with me at all. We have never been late. They said that there is nothing they can do and that they're not going to stop calling. Is there anything I can do? I've looked into selling it, but we're upside down on it. We don't have any other options right now. They don't want to work with me.
Asked by Anonymous at 8:33 PM on Oct. 6, 2009 in Money & Work
Answer by rocamom at 8:50 PM on Oct. 6, 2009
Answer by Anonymous at 8:58 PM on Oct. 6, 2009
Answer by tyfry7496 at 11:01 PM on Oct. 6, 2009
Answer by Anonymous at 11:10 PM on Oct. 6, 2009
Answer by rkoloms at 4:56 AM on Oct. 7, 2009
You need to call somebody who knows this stuff and find out what your rights are in your location. You never should have waited for them to call you. That was extremely unprofessional. You need to go to them with a plan, not ask will they please help you out. Their choices are they get the property (time slot) back and no more money or they get less money than they thought. Which one would you choose? I bet they would be happy with half the payment. but can you afford to even get there and use your time.
Answer by Anonymous at 8:40 AM on Oct. 7, 2009
Answer by Anonymous at 10:13 AM on Oct. 7, 2009
I still don't see where you have contacted a lawyer who specializes in time share law? I don't see where you have a plan. I'm assuming that you are going to have to walk away from it. and it will probably ruin your credit. You may have to declare bankruptcy. But bottom line is that you need to look someplace other than Cafemom for answers. Not paying is not stealing if you have something to give back.
I can tell you that there are laws about collectors calling, but they vary by state, and you provided NO information. Hopefully you have googled it yourself by now. Good luck and BTW I have no sympathy for time share companies. We looked into one once and decided it was unethical (a rip off) because when all was said and done after 20 or 30 years of payments they were planning to tear the building down anyway!
Answer by Anonymous at 2:45 PM on Oct. 8, 2009
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