Guys & Gals, I am in serious need of guidance. The situation described below represents the LAST derog on my DH's reports and I don't want to screw it up by doing something stupid. DH signed up for a time share with Marriott Vacation Club in 2000. Defaulted on payments in June 2001. The financing company is Mortgage Bank Financial Services located in FL. We are by all signs on heaven and earth residents of FL too. We just got a letter from them telling us that they have kicked him out of the time share plan, and that he owes them "for any amounts through the date of expulsion". MVC is currently reporting on EQ & EXP as more than 180 days late with past due amount approx. $6000. It is not reported at all on TU. (?!) What should we do next? Call them and ask what is owed, pay up and bear the bad tradeline until it falls off in 2008 or is there a way around it? We are more than willing to pay the debt, I would just like to know if there is any sense in trying to trade the payment for deletion? There was no collection activity from them at all so far. Sit quiet and wait or be proactive? TIA, PawMix
Hey, thanks for your answer! I can only hope they will go with it. From where I sit they have very little business in accepting that since they haven't written it off yet and DH still owes them big time. But I'm a newbie at this so I may be royally wrong. I hope PawMix
