Available options for settling timeshare debt include refinancing, debt settlement with a modification of terms based on documented financial hardship, and in extreme cases - bankruptcy. Falling seriously delinquent on timeshare finance payments and allowing a finance company to foreclose on the property will often lead to collection fees, missed payment fees, accumulated interest expense and damage to a credit score and profile. A timeshare foreclosure will have significant negative impact on the ability to secure another mortgage for up to seven years. The better, less expensive, less burdensome choice is to work with your lender to find a solution.