RCI Timeshare Resource Community > Timeshare Discussion > Timeshare Foreclosure > Will My Credit Score Be Affected if I Stop Paying My Maint Fees?
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Author Topic: Will My Credit Score Be Affected if I Stop Paying My Maint Fees?  (Read 1951 times)
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« on: May 08, 2009, 06:57:48 AM »
If my timeshare is paid off and I stop paying my annual maintenance fees and/or additional assessments, will my credit score be affected?  By how many points?
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« on: May 08, 2009, 06:57:48 AM »
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mandie
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« Reply #1 on: May 08, 2009, 07:05:34 AM »
Your credit score will only be affected if the property actually goes into foreclosure, which does not usually happen with timeshares.  It is much more profitable for your lender/timeshare company to pursue new owners than it is for them to attempt to obtain a judgement against you and proceed with a legal foreclosure case.  Timeshare developers and their associated lenders seem to be reluctant to take delinquent owners to court because they know they will answer to all of the disputes and breaches of contract they committed to get you to purchase the timeshare in the first place.
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