Introduction to Timeshare Financing
Purchasing a timeshare under the current financial climate is undoubtedly a scary proposition. The devaluation of homes and restrictive lending practices has caused many people to stop spending their hard earned dollars. Of course this is not because of a lack of desire, but rather a lack of opportunities to fund a major purchase over a timeframe that makes the asset affordable. True, the current market will exclude borrowers with lower credit scores because of fear of non-payment, and rightly so. However, those with histories of on-time payments, diverse credit sources, and low debt to credit ratios will likely have options available to them.
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