Report Abuse

[Q=billm752] The thought occurred - if no record of timeshare purchase via loan or credit on any credit reports, then how might a default on maint. fees be submitted by TS company and recorded by credit agencies?[/Q] If I understand what you are asking, all they have to do is report the delinquency to the credit agencies. It has nothing to do with the purchase being "recorded". - - - - - - Somewhat related to your question . . . how can a resale timeshare buyer be bound to maintenance fees when there is no purchase contract? . . . if you will look at the wording on standard TS deeds, the verbiage binds the buyer to the obligations of the timeshare plan.