Original Message:
What happens if I just stop paying my maintenance fee? (by R P.):
mikep303 wrote:I own multiple time shares in a Caribbean resort and no longer can afford the increasing fees. After reading others comments on their inability to sell or rent their timeshares, I despair on ever getting rid of mine. I wonder what happens if I just stop paying.
Same thing that would happen if you stopped making car payment, house payment, credit card payment etc., your credit will be affected. When you signed that contract on the dotted line to buy those timeshares, you signed to pay the yearly maintenance fees until it's sold or changes ownership.