Happy holidays! I purchased a timeshare in September 2021. Due to the economy, I am no longer able to keep it. If I

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Okay, so you've roughly had the timeshare for a year and a bit?

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I can't tell you specifically how it would affect your credit - but certainly it CAN affect your credit negatively - in the same way that not paying credit card bills or any loan can affect your credit negatively.

They can send the account to collections, report it to credit bureaus, etc., which really can only have a negative effect on your credit.

You could try to have a discussion with them regarding your inability to pay - and see if they have any options for you re: repayment or selling it back to them.

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