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Rose-16e
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Rose-16eSubscriber
Asked: 2021-08-19T13:15:08+00:00 2021-08-19T13:15:08+00:00In:

What can I do about my timeshare loan?

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I have acontractual question. I want to terminate my timeshare contract but company said l will still have to pay the loan.
Rose

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    1. Lucía Mancera Lawyer Legal Bar Association No. 10.338
      2021-08-19T13:24:49+00:00Added an answer on August 19, 2021 at 1:24 pm

      Dear Rose,

      Further to your question,  the answer is unfortunately yes, a loan is classed as a separate entity to your timeshare very much like purchasing a car with a loan.  If you stop your payments to the loan company, they are in their rights to pursue debt collection.

      Depending on what you own, there may be an option to have your loan quashed but you will need a full review of your timeshare documents and history by a timeshare legal specialist.

      If you have not spoken to us already, please contact us (UK) 0800 520 2322 (International) +44 800 520 2322 or message us on our online chat.

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