time share ownership and credit

Time shares are usually done through a company that sells them and you are usually one of like 30 others that own it so you are buying a one thirtieth 1/30 (or some other number like that) ownership interest. Each person qualifies individually, or as husband and wife or whatever, and you are on the hook for the payments either on your own or with your co-borrower so another 1/30th owner defaulting on their loan does not affect you.

You question is not specific and a bit confusing, so I'll try to answer as best I can. Time share's are not always deeded.. Meaning if you purchase a time share with say a hotel chain, then there is no deed.. if you are actually purchasing a percentage ownership share of a specific property, then that is actually deeded. Under this type of time share, if your late on YOUR payments, then it will affect your credit.. if the other people who own a percentage of the same property are late on their payments, it will not show on your credit report. Anytime you co sign or joint purchase something where you both sign the same note, deed, and disclosures, you are both going to be responsible for the payment, and if the note is paid late, it will show on both credit reports.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Yes owning a timesahre together & having your partner make late paymnents can certainly affect your credit.

Depends on your loan structure, are they buying a share seperately, or do you pay one bill?

I have seen different financing structures, especially in foreign timeshares. I would suggest that you research the specific contract that you are considering.