Consumer Protection Law
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What state is the timeshare in?
What state do you reside in?
Are you married and, if so, did he/she also sign for the timeshare?
Is this the type of timeshare that you can stay anywhere ust make application or arrangements where you want to stay?
How long of a contract did you sign for this?
How much are you talking about?
Do you have the right to sell your interest?
You should immediately change banks tomorrow and close this account and inform them of such.
I would start the sales process of your interest immediately - the negative is that they market it for you I'm sure.
You have little oweing considering what was financed - is there no way you can or could continue to make the payments just for the purposes of resale?
The other problem you have is that Washington is a community property state which effects how debts can be collected and whom can be collected against.
I have heard nothing good about any of these timeshare places, companies - whatever. I have yet to talk to someone with a good experience or that hasn't lost a fortune. It seems that the only people happy are the people selling the timeshares or the company selling the timeshares.
What can they do to you - file suit, win an award, reduce the award to judgment, execute upon the judgment against both you and your husband because your in a community property state. It's bad when your in a community property state because the spouse is also liable for the debt.
What to do - try and pay and sell at the same time if you can.
When I mean "execute upon a judgment" - that they attempt to collect monies to satisfy the judgment - come in and tag furniture for sale, lien your bank accounts, garnish wages, etc.
Nothing to do with the AG's Office.
However, you might file a complaint with the AG's office and see what if anything is going on there as to this company.
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