This article explores the potential consequences of defaulting on a timeshare, answering the question “What Happens If You Default On A Timeshare?”. In the event of a default, the timeshare owner could face penalties such as late fees and interest, or the creditor could take legal action and sue for the balance owed. In some […]
What Happens If I Default On My Timeshare
What Happens When You Default On A Timeshare
This article explores the consequences of defaulting on a timeshare contract. The primary consequence of defaulting on a timeshare is a significant financial burden, as a timeshare owner is legally obligated to pay the remaining balance of their contract. Furthermore, failing to pay the remaining balance could lead to a lawsuit, and the owner’s credit […]