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I Own a Timeshare Property, When I Refused to the Maintenancefee the Company Says It Will Spoil Credithistor?

I own a timeshare property, and I refused to the yearly maintenance fee, now the company through a collecting agency has sent a letter saying that if i dont pay it will spoil my credit history. IS THIS TRUE?

And i dont want this property, no one wants to buy it either. How can i just surrender this property. Please help me.

  1. Laissez-Faire Guy
    July 17th, 2011 at 11:33 | #1

    Sorry. This is an obligation you’ve gotten into. It’s a valid debt.

    If you don’t want it any more, try to give it away. You can also try a charity http://www.donateforacause.org They take some timeshares off of people’s hands.

  2. Big Rich
    July 17th, 2011 at 11:33 | #2

    ok yes if you signed a contract upon purchawse that you would pay the fee’s yes your screwed. And as for the just dumping it call a we buy ugly houses service they can and will buy anything- you’ll lose cash but from what I just read you’re gonna take one for the team anyway so good look – oh and where the heck is this so we don’t every buy anything there?

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