Mortgage and Consumer debt

Can anyone tell if timeshare is a mortgage debt or a consumer debt?

4 Answers

If you've taken out a loan, you must be having the paperwork and the details of the loan. If you want to know what kind of loan it is, you can certainly look into the loan documents.


It is a consumer debt. You have to pledge collateral against a mortgage loan. However, in case of a timeshare, you don't have any rights to the property even after the loan is paid off. You have just prepaid a property owner for using the particular property for a specific period of time.  


What does your paperwork say?  Mortgage or loan?

 

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

What does your paperwork say?  Mortgage or loan?

 

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

Write Your Answer

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
What is the sum of 10 and 10


Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV


Page loaded in 0.165 seconds.