Legal Question in Credit and Debt Law in Virginia
If I buy time share in the Dominican Republic and now 6 mos later realize it's not what we thought can I just stop making the payments. Do they have any means of coming after me and affecting my credit. A contract was signed and the terms say early termination requires paying 50% of the time share value. Can they sue me or affect my credit.
1 Answer from Attorneys
Yes. of course, the seller entity could sue you but the likelihood of that happening could depend upon many factors, none of which you've mentioned here such as whether it's a Jamaican company, U.S., or, perhaps, a multinational with access to many lawyers within the United States who might decide that you're a debtor target worth pursuing.
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