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iluvthebeach

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time share foreclosure
I got into financial trouble after a costly divorce. And had to forgo payments on a time share. I have not made any payments for about 2 1/2 years & they have foreclosed on unit. They sent a letter in November informing me that I could pay a reduced amount to settle debt. Credit report will be changed to paid for less than full amount & account closed. how will this affect my credit score?

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