Does anyone know if timeshare owners report to credit bureaus? My friend owns a timeshare through Starwood and he pays them monthly. Will this be reported to the credit bureaus or only if he defaults?
I have a time share I purchased in 11/00 and it just showed up this week. go figure? I have never been later because I set it up on an auto draft, so it is a good TL but it is considered an instalment loan, and I lost a point when it was added. The sales people said I could call the CO and asked them to report right away but I never did.
I think they are looked at as negitive compaired to revolving accounts, because you don't have unused credit open, and this account does not show as property, or and auto loan.
