I have several timeshare that I no longer want. Can I not pay maintenance fees etc and let them foreclsose My credit rating?

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LEGAL DISCLAIMER
Mr. Sarno is licensed to practice law in NJ and NY. His response here is not legal advice and does not create an attorney/ client relationship. The response is in the form of legal education and is intended to provide general information about the matter in question. Many times the questioner may leave out details which would make the reply unsuitable. Mr. Sarno strongly advises the questioner to confer with an attorney in their own state to acquire more information.
sell them. If you do not, then the time share company will sue you for breach of contract and once they obtain a judgment can affect not only your credit rating, but also do a wage garnishment and/or an attachment on your assets such as a bank account. Most of these contracts have clauses which say if you default, you owe not only the time share maintenance fee but collection costs, court costs, penalties, and attorney fees (theirs). You need a lawyer to read your contracts to see what you are in for.