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Dear Liz: We want to get rid of our timeshare after having it for more than 20 years.

We gave the exit company $5,000 to help us, but all they did was tell us what to do, and it was going to cost more money. Renting it would probably be a nightmare, and we don’t want to leave it to our kids, as they couldn’t afford the maintenance fees.

We are 76 now, and having to come up with those fees every year is hard. Would it be wise to just stop paying the fees and let them take it back by default? We paid off the timeshare years ago. Can they hurt our credit rating?

Answer: Probably, but that may be the best of bad options.

You’ve already discovered that there are plenty of scamsters

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