A contributor to our site graciously has offered to share their experience with stopping annual timeshare payments for a resort in Florida. Please note – the timeshare is paid in full with maintenance fees reoccurring each year.
Be sure to check back as they update the story during the process – I’m anxious to see how it turns out!
Stopping Timeshare Payment in Florida:
I bought a timeshare at the Surfsider in Pompano Beach, FL back in 2001. I paid it off the first year. I have decided to stop paying my maintenance fees this year.
They now have 3-4 years of banked maintenance fees from me that I have not exchanged. What a deal! I will not continue to be a slave to this insanity. It is an insult to my intelligence. There are several people on this site that have done exactly what I plan to do and they received very little damage apparently to their credit rating. I own a business so believe me I am a bit nervous about my decision but I believe it needs to be done. I have children and I don’t want this willed to them if I die.
The whole timeshare industry needs to be shut down. It is all based on a scam. As far as I am concerned, if this goes to court, in the eyes of the law both parties need to have CLEAN hands. I don’t think the Timeshare Industry can claim that. I will update as to what happens to me in the future.
If we all do it what can they do? If anything if we all do this the Timeshare Industry will perish and they will no longer be able to pilfer our sons and daughters and our grandchildren. Enough is enough!