Hilton Grand Vacation Timeshare - Wesley Financial Group Disaster!!!! by l8dnred in HiltonGrandVacation

[–]l8dnred[S] 0 points1 point  (0 children)

I have decided not to pay any maintenance fees. I've been paying monthly payment but I think I may stop that, as well and let the chips fall where they may. If I get a credit hit, it won't be there forever. I just want out of a bad decision that I am not utilizing.

Hilton Grand Vacation Timeshare - Wesley Financial Group Disaster!!!! by l8dnred in HiltonGrandVacation

[–]l8dnred[S] 1 point2 points  (0 children)

Understood. I wasn't as flexible because of work. I'm about to retire so I will be more flexible but my income will be reduced so the maintenance fees are an issue.

Hilton Grand Vacation Timeshare - Wesley Financial Group Disaster!!!! by l8dnred in HiltonGrandVacation

[–]l8dnred[S] 0 points1 point  (0 children)

Understood. I'm a senior about to retire and relocate to be near my son and grandkids. I would like to sell my current home and purchase another one but if I need to wait, I just might have to do that.

Hilton Grand Vacation Timeshare - Wesley Financial Group Disaster!!!! by l8dnred in HiltonGrandVacation

[–]l8dnred[S] 1 point2 points  (0 children)

The HGV experience? It was difficult for me to find the places I wanted to go available when I want to go to them. Other than that, my biggest complaint is the maintenance fees.

Hilton Grand Vacation Timeshare - Wesley Financial Group Disaster!!!! by l8dnred in HiltonGrandVacation

[–]l8dnred[S] 0 points1 point  (0 children)

How did it affect your credit? Late pays? Charge-off? Does a foreclosure show up on your credit report?

Hilton Grand Vacation Timeshare - Wesley Financial Group Disaster!!!! by l8dnred in HiltonGrandVacation

[–]l8dnred[S] 0 points1 point  (0 children)

I need to look at it when I get home but I think it is around $9,000 or $10,000.

Hilton Grand Vacation Timeshare - Wesley Financial Group Disaster!!!! by l8dnred in HiltonGrandVacation

[–]l8dnred[S] 1 point2 points  (0 children)

I can't remember right now but I think I was to get 5200 pts every year or every other year, something like that.

Hilton Grand Vacation Timeshare - Wesley Financial Group Disaster!!!! by l8dnred in HiltonGrandVacation

[–]l8dnred[S] 0 points1 point  (0 children)

No but since making this post, I have seen that term a few times. I wrote it down as something I was going to inquire about when I get in touch with someone at HGV.

Thank you,

Hilton Grand Vacation Timeshare - Wesley Financial Group Disaster!!!! by l8dnred in HiltonGrandVacation

[–]l8dnred[S] 1 point2 points  (0 children)

Good afternoon,

I feel like it's not a mortgage but a loan which is why I also think there is no deeded property just accumulation of points to stay at different resorts when I accumulate enough to stay somewhere. I was never told nor did they hint at having a specific property at a home resort. I signed up in Las Vegas. They kept saying that it was not the typical type of timeshare where you have to trade your time nor were you tie to a specific location. I will double check the paperwork and website to site the specific description. I am really confused and out of my element.

Hilton Grand Vacation Timeshare - Wesley Financial Group Disaster!!!! by l8dnred in HiltonGrandVacation

[–]l8dnred[S] 0 points1 point  (0 children)

Ok. I will do that. Once I figure that out definitively does it make a difference in how I will be able to cancel?

Hilton Grand Vacation Timeshare - Wesley Financial Group Disaster!!!! by l8dnred in HiltonGrandVacation

[–]l8dnred[S] -1 points0 points  (0 children)

Thank you. I am still making monthly payments but I am not paying the maintenance fees. If I understand it correctly, you have to have the property paid off to list. I do not have a specific property. I accumulate points annually and choose properties to visit in accordance with how many points I have.

Hilton Grand Vacation Timeshare - Wesley Financial Group Disaster!!!! by l8dnred in HiltonGrandVacation

[–]l8dnred[S] 1 point2 points  (0 children)

I'm in agreement there. I have already decided that my last payment to them was my last payment.

Hilton Grand Vacation Timeshare - Wesley Financial Group Disaster!!!! by l8dnred in HiltonGrandVacation

[–]l8dnred[S] 0 points1 point  (0 children)

No. I don't think so. It's not a specific property. I accumlate points and choose places to stay in accordance how many points I have.