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Hi I new in this web site I found very interesting information regard to ti

Hi I new in this web site I found very interesting information regard to ti

Hi I new in this web site I found very interesting information regard to time shares, and I have question on my own. Few years ago my husband and I make the biggest mistake in our lives and ended to buy a time share, few months later I discovered that the vacations dreams it was scam, now I am paying my mortgage monthly, but I am trying for 2 year to sell or broke the contract, however I am continuing paying because we have excellent credit, now my question is why the resort who play us a lender for my mortgage isn't on my credit report????, I am checking few times a year and never showing like mi other debts?, I decided to hiring a lawyer to review our case and they told us "if the lender doesn't showing" on your credit report, is not going to showing if you stop to pay to them, but I am not sure about that, I have family member that has the same property at the same resort and they stated that their credit report hasn't been affected and they stopped payments, can anybody tell me your experience, I hope I was clear with my question.


milegon's picture
milegon
6-04-2011

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They may not have reported your account to the credit bureaus. As a result it is not showing up on your credit report. Though I don't have a personal experience, I think, if your creditor/lender is not reporting the account when you're paying it regularly, then he won't report when you stop paying off the debt.

smith.sussane | Asked on 2012-01-02

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