Internet's first get-out-of-debt community - 135,000 members

Mikki · Posted: Thu May 11, 2006 1:49 pm Subject: Is there a SOL on a Timeshare?

The correspondence that I recieved from the collection agency is a one page document showing the debt collector & address, our names and address, Timeshare name and unit number, amount due, ($0 interest), and fees, with a total, and verbage about 30 days to validate the debt. There really isn't alot of detail, no dates of origination, breakdown of account information, or amounts paid/charged. So I do not feel it was properly described, more of an overview. However, the debt collector may think it was sufficient. In light of this, should I request validation/disbute of debt first from the debt collector, or just send them the SOL expiry notification?
This single letter is the only notice that was received from the debt collector(with 3 phone messages left since then), nothing from the timeshare. When I send whichever type of letter, Should I send to both collection agency and timeshare company via return request-registered mail? Should I also contact Timeshare company to explain before sending?

Posted: Thu May 11, 2006 2:51 pm Subject:

Hi Mikki

If the timeshare company has sold off the account, they won't take any latest updates from you because they don't have your accounts with them. If they have hired any collection agency, you can send the letter to them.

From the view point of the collection agency, they have validated your debt as requested. If you agree to the details given, send the sol expiry notification. If you are not sure, ask them to verify with the following information given at the page below:

http://www.debtconsolidationcare.com/validation.html

However, you can still send the notification of the SOL expiry and make them aware about your move. Send your letter certified with return receipt requested.

Mikki · Posted: Wed May 17, 2006 11:26 am Subject: Timeshare SOL

Well I have my certified, return receipt letters on route. Now I am in "wait and see" mode (with my finger's crossed and a little prayer) hoping that everything works out as hoped.

Shane080 · Posted: Tue Apr 10, 2007 5:13 pm Subject: timeshare woes

I received a timeshare a few years ago as a gift and as a result I have incurred many payments for this worthless property. They recently doubled my maintenance fees this year too $950.00 for one week in a condo that is falling apart in bridgeport texas. Is there anything I can do? Based on the previous posts, I am stuck. I voted against this in proxy and don't know how this passed? Most people don't have $950.00 to waiste and that is what this is. last year it went up 150.00 and now this year is crazy. Is there any help for me? Can I request a copy of the minutes of the meeting? What happens if I refuse to pay it? Will they hit my credit?

*Name:
*Email:
*Phone:
*Zip:
*Debt

	* denotes required field

Internet's first get-out-of-debt community - 135,000 members

time share deal is in fault

Members Area

Free Debt Counseling

Ask the community

Also See

Featured Discussions

Featured Articles

Recent Forum Discussions

Recent Blog Post