Get Rid Of Timeshare Without Hurting Or Ruining Credit
Can you get rid of your timeshare without ruining your credit? Is that possible? Yes, it is possible to get out of your timeshare contract without it hurting or ruining your credit score, but it requires a planned exit strategy!
Does it hurt your credit if you get rid of your timeshare by breaking your contract? The unfortunate truth is that it will end up hurting your credit score if you stop paying your maintenance fees without doing a legal exit from your timeshare contract through the resort you own through.
The good news is, there are legal ways to get rid of your timeshare and exit your contract with the resort without it affecting your credit or hurting your score at all.
When choosing how to get rid of your timeshare, choose carefully. Selling it resale will put you at a big loss, even if you do use a broker company or timeshare lawyer that charges minimal fees.
Renting Your Week Out To To Cover Your Maintenance Fees
Renting your week out to cover your maintenance fees rather than getting rid of your timeshare is the best option for most owners. Renting it out instead of selling it allows you to keep your vacation week without negatively affecting your credit or ruining your credit score.
Need help understanding your timeshare better? Visit our FAQ Page on timeshares.