More details to this question:
My wife and I entered into a timeshare contract in NV on 6/25/16. We don't want the timeshare. We'd like to recoup our initial deposit; we'd like to exit the contract; we'd like to have no negative impact on our credit histories. After reviewing some information on nolo.com, I believe that some "best practices" or laws were violated when entering us into the contract.
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Document your concerns in a letter to the timeshare company and mail it certified or some way to confirm delivery. Call the consumer fraud unit of the attorney general. In truth, you are going to have a hard time getting out of this. If it appears on your credit, you are going to have to protest the entry, with the same information in your letter. Timeshares are a scam, and basically never a good investment.
Answered on Jul 16th, 2016 at 6:44 AM