Can you stop paying timeshare fees?

If you stop paying it, the timeshare company will do whatever it takes to collect. Like it or not, timeshare maintenance fees are a personal responsibility—until they’re not. If you really want to be free of them, then getting rid of your entire timeshare is your best option.

What happens if I get rid of my timeshare?

Some owners just stop paying their fees, hoping they can get rid of their timeshare. Experts are sharply divided on this strategy. Timeshare companies will report you to a credit bureau for failing to pay your fees. That can damage your credit.

How much does it cost to sell a timeshare?

So, not only will you likely get $1 or less for your timeshare if you are able to sell it, but you’re also going to need to pay around $500 in additional fees to get rid of it.

How long do you have to pay timeshare maintenance?

It’s not pretty. You may be thinking that your timeshare resort doesn’t care enough about you to come after you in court for your maintenance fees, but stop and think for a second how much your maintenance fees are worth to them. The average timeshare owner pays maintenance fees for about 30 – 40 years.

Can a timeshare company Ding your credit score?

If you don’t stay current on your maintenance fees or your loan payment, the timeshare company or timeshare association could report you to a collection agency and ding your credit score.

Do you have to pay maintenance when selling a timeshare?

A lot of times this is how timeshares will buy back the unit through a third party company and this is perfectly fine. One caveat to this is that the resort may require you to pay your current maintenance fee in order to do this. This was the requirement in my case but it was well worth it to get rid of it.

How can I Sell my timeshare without an upfront fee?

Once you’ve signed up with Vacatia go ahead and list your timeshare for sale. You can sell anything from your fixed or floating week to your timeshare points here. The best part is it doesn’t cost anything to list your timeshare with them unlike resale companies which will require you to pay a huge upfront fee before they will even list your unit.

If you don’t stay current on your maintenance fees or your loan payment, the timeshare company or timeshare association could report you to a collection agency and ding your credit score.