Timeshares are great for people who want to spend their vacations at a nice place without spending too much. Even though timeshares have their own risks and cons, they are still pretty popular.
A timeshare can certainly affect a person’s credit score. When you buy a timeshare, you’re owning a portion of the vacation property. The firm you buy the timeshare or finance the timeshare from informs all the credit bureaus about your payment details.
Many people assume fractional ownership comes under the umbrella term of timeshares. However, this isn’t the case. Both are different property or asset ownership models. While they both allow “shared ownership,” and there are certain similar characteristics, there are differences well.
Many people believe that buying a timeshare can help them plan and execute their dream vacations. After all, what could be better than knowing you have a place ready for your annual vacations? It sounds perfect, doesn’t it? Timeshares agreements aren’t as simple and generous as they’re made out to be….
Source: Central District of California SANTA ANA, California – Federal authorities today arrested four defendants charged in a 29-count grand jury indictment alleging they scammed dozens of timeshare owners out of more than $5 million by using boiler room tactics and lying that they could provide them financial relief. The…
California has one of the strongest tourism industries in the US. It’s easy to see why. After all, the state has some of the biggest attractions to offer, including the Napa Valley wine region, the Disney theme parks, and, of course, Hollywood.