Timeshare Loans For People With Bad Credit

Timeshare loans are a convenient way to finance the purchase of your vacation home, but it’s important to shop around for a good deal. Fortunately, there are plenty of lenders that offer timeshare loans for people with poor credit. Here are some of the top options for obtaining timeshare financing:

Working with a Salesperson

Many timeshare salespeople will recommend a few lenders to their clients who want to buy a vacation home. These lenders often work with the resorts that sell their property, but they don’t always have the best loan terms or lowest interest rates, so it’s a good idea to shop around before you commit to using one of these lenders.

Another option is to refinance your current timeshare loan with a new lender that offers better terms. This can help you save money on interest and make your payments more manageable.

Refinancing with a Personal Loan

A personal loan can be an excellent option for borrowers with good or excellent credit who want to refinance their existing timeshare debts. These loans typically have lower interest rates than developer financing, but you should still shop around for the best rate.

Alternatively, you may be able to use your home as collateral for a new home equity line of credit (HELOC). However, this can be a risky move, since you could lose your house if you default on your loan.

Refinancing with an Online Lender

Getting a timeshare loan through an online lender is fast and easy. Companies like Figure offer a 100% online application process and fast approval and funding, even for people with bad credit. They require a credit score of 680 if you’re buying an investment property (or a credit score of 640 for primary homes in most states).

If you have a significant amount of equity built up in your home, a HELOC can be an excellent option to finance your timeshare purchase. These loans typically have low interest rates, but you should be sure that you’ll be able to pay off your loan in full before you take out the loan.


If you have decent or excellent credit, you should be able to get a timeshare loan from LightStream. This lender has a great reputation for offering low interest rates and a program in which they will beat the rate you get from another company by 0.10 percentage points3.


If your credit isn’t so good, you can also look into other timeshare loan options, such as a home equity line of credit or a personal loan. These types of loans are usually more flexible, allowing you to change the loan’s term or adjust your monthly payment.

Finally, if you have a large amount of credit card debt and are concerned that your balance will be too high to qualify for a timeshare loan, consider getting a 0% APR balance transfer credit card. This type of credit card can be a great way to pay off your timeshare loan, but watch out for when the interest begins to accrue again.

Scroll to Top

Submit for guide to cancel your timeshare

Share via
Copy link