Maintenance fees

If I just quit paying my wyndam maintenance fees, what will happen? I cannot sell my points. I want out of this timeshare. Will it just put a bad mark on my credit?

Contact Wyndam and see if they will take them back. Explain that you intend to walk away if they refuse. It might be in everyones interest for them to take their points back and avoid legal fees and loss of maintenance fees. They might want you to pay a years fees to give them time to resell the points but that's a small price to pay to get out of your contract.

gail542 wrote:

If I just quit paying my wyndam maintenance fees, what will happen? I cannot sell my points. I want out of this timeshare. Will it just put a bad mark on my credit?

Also, have you tried giving the points away in Redweek's Bargain Resales?

I'm just getting into this timeshare arena. can you give me more info?

same question as below...can you discuss more about your timeshare and how it works

debbyw25 wrote:

I'm just getting into this timeshare arena. can you give me more info?

Once they sell you a timeshare, you are hooked. Timeshares generally have little, if any, resale value. Maintenance fees only go up. If your company is reputable, they go up in line with inflation. If Diamond Resorts International buys out your company, maintenance fees are likely to increase at a very steep rate, and they won't take it back.

It is very hard to get out of a timeshare contract. Beware the scammers who want an up front fee to get you out of it. If you default, your credit may be affected. Best bet is to sell it for whatever you can get if you can't handle the maintenance fees any more.