Timeshare Questions

I just received the following question about Time Share:

We have the following question. 5 years ago we bought a time-share. Now have an enormous debt of about 15,000 euro and we pay each month 278 euro. Now the maintenance costs are for this year almost 500 euro. We can’t afford to pay this. What will happen if we do not pay the maintenance costs? We hope you will be able to answer us this. Regards.

Unfortunately I cannot give them an answer as this depends on the situation and especially the conditions the agreed on when buying the time share.

I do not know much about timesharing … but what I do know is that there are many pro’s and con’s (or better said: people that are in favour of and people that are against it) concerning timesharing.

I also know that many of you have found this blog through a search request using the words timeshare or timesharing. And therefore not leave you ‘empty-handed’ I have here a few sites that might help you further on the topic of timesharing:

One Reply to “Timeshare Questions”

  1. There are just 2 thing to consider in timeshare do I like it and can I afford it.
    DO NOT BUY if you are offered “free gifts” [they are not free]We bought from a reputable company [Porto Bay Group]. They gave us all that was promised and much more. The ongoing fees need to be considered but don’t expect to get back what you paid. You bought the possibility of great holidays on a beautiful island enjoy or get rid [at whatever cost!}
    If you keep it it soulds that you will regret it, we bought at 10K and have never spent more wisly, we consider it the first step to owning our own piece of Madeira

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