What happens if I stop paying Wyndham?
What happens if I stop paying Wyndham? If an owner stops paying the loan, the lender can begin proceedings to obtain the money – in some cases involving the legal process. Owners thinking about not paying on their Wyndham timeshare should seriously consider either selling their timeshare or giving it back before heading down this track.
What are the 5 ways to get rid of a timeshare?
If you're thinking about getting out of a timeshare or know you're ready to make a change, here are five options to consider.
- Checking the Rescission Period. ...
- Contacting the Timeshare Resort. ...
- Reselling The Timeshare Yourself. ...
- Reselling the Timeshare Through a Broker. ...
- Hiring a Timeshare Exit Company.
Can a timeshare sue you for non payment?
Depending on the timeshare company, it may be written in your timeshare contract that they have the right to take legal action against owners who don't pay maintenance fees. Your timeshare may go into foreclosure and you will no longer be able to use your ownership.