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Thread: USA Timeshare Advice - UK Citizen

  1. #1

    USA Timeshare Advice - UK Citizen

    Hello All,

    I am seeking some advice regarding a timeshare we stupidly bought into whilst on holiday in California in October.

    On the day, we were sold this amazing package, but since returning to the UK this amazing package has fallen apart - and simply isn't what was sold to us.

    I wont bore you with the details of why the package is different,
    but the package is significantly different to what we signed up to
    - and simply isn't what we want and doesn't work for us.

    We have tried to express all of our issues to the Timeshare company,
    even having it escalated up to Director level,
    but they seem to be reluctant to admit any wrongdoing and are completely unwilling to help us out.

    The timeshare is a points based system with our names on a title deed in California.
    We have paid our first two month mortgageicon payments on the deed,
    but we are now at a point that we want to walk away.

    We are debating what options we have and whether there is any risk to us being UK citizens,
    and stopping payments to a US based Timeshare/Mortgaged Deed?

    The major questions we have;

    1) Will defaulting on a mortgageicon affect our finances in the UK?

    2) Could a US Debt company chase us in the UK and could they force us to pay by UK law?

    2) Will defaulting on a mortgage affect our ESTA/VISA allowance to visiting the US in future?

    When we signed up to the Timeshare, the company ONLY took our names and addresses and one credit card from us.
    They did not take any passport details.

    If we stopped the payments being taken from the Credit Card, would this affect our credit rating in the UK?

    Has anyone else been in this situation or have any ideas what we can do?

    Many Thanks for any advice!

  2. #2
    Goomba & Super Moderator tonyg's Avatar
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    The only thing for sure is that stopping payments will not keep you from visiting The US in the future. Though it is not out of the question that defaulting may have some consequences, some that have defaulted had had no bad consequences and being from another nation will make legal action much more difficult and expensive.
    Did you get information on your rescission rights and the time limit to do so ?
    You might also want to try your question on: www.timesharetalk.co.uk , where I'm sure someone from the UK has walked away from a US timeshare.

  3. #3
    Goomba & Super Moderator tonyg's Avatar
    Join Date
    Jun 2005
    Location
    Southern New England
    Posts
    15,992
    The only thing for sure is that stopping payments will not keep you from visiting The US in the future. Though it is not out of the question that defaulting may have some consequences, some that have defaulted had had no bad consequences and being from another nation will make legal action much more difficult and expensive.
    Did you get information on your rescission rights and the time limit to do so ?
    You might also want to try your question on: www.timesharetalk.co.uk , where I'm sure someone from the UK has walked away from a US timeshare.

  4. #4
    Thanks for the advice so far.
    The recission timeframe is a crazy 7 days, which gave us barely anytime to understand the system. The timeshare is in the state of California, which does have a 7 day recission time limit sadly.

    - - - Updated - - -

    Thanks for the advice so far.
    The recission timeframe is a crazy 7 days, which gave us barely anytime to understand the system. The timeshare is in the state of California, which does have a 7 day recission time limit sadly.

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