What You Can Buy With the Money Saved From Exiting a Timeshare Contract

What You Can Buy With the Money Saved From Exiting a Timeshare Contract

After tapping into an enormous amount of patience, you’re finally free and clear of timeshare ownership. Whether you cancelled immediately or made the decision after many hope-filled years, exiting a timeshare contract can be a huge relief. Not only have you halted monthly payments and perpetual fees, but you’ve eliminated the frustrations of hindered vacations. There’s nothing worse than spending a ton of money on something that never seems worthwhile. Especially when you’re forced to pay for it. Aside from routine costs, the repercussions of walking away can be disheartening to say the least. But that season of your life is over now and many of you are wondering what to do with the extra cash.

Before Spending Your Extra Cash After a Timeshare Exit..

For starters, jot down lessons learned so you don’t make the same mistakes again. There’s a big difference between forgetting about the timeshare and learning from it. Look, vacationing is never going to be cheap. You should know by now that affordability doesn’t necessarily mean you’re getting the “best deal.” In most cases, you get what you pay for. At the same time, the failed timeshare experience should give you an enlightened perspective on travel expectations. Use the past purchase to help you determine what you want out of a vacation and make sure the product matches the description. Keep in mind, plenty of scams populate the travel industry.

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With that being said, exiting a timeshare contract has probably caused you to consider getting your finances back in order. Most timeshares end up being a lot more expensive than buyers originally planned. After interest, the average timeshare price tag ends up being around $40,000. Over 10 years (which a common repayment period), this is about $333/month. When you add in annual fees, the monthly cost inches closer to $450. While it may be tempting to reallocate these funds after cancellation, establishing a plan, coming up with goals and monitoring your finances is the fastest way to alleviate a loss and the regret that comes with it.

What You Can Buy With Timeshare Savings.

Even though you may already have a wish list, we thought it would be fun to point out the types of things you can purchase once you’ve been relieved of the perpetual obligation. Since most people aren’t prepared for annual maintenance fees (or an unexpected assessment), we’re going to assume your original budget for the timeshare was $350. Keep in mind that exiting the timeshare contract actually saves you quite a bit more. But aiming low will help you understand the impact that cancellation can make.

All things considered, we’re going to list some items you could buy 6, 12, 24 and 36 months after you’ve completely paid off timeshare expenses. This includes any financed amounts to cancel it. The longer you’re able to save, the more capabilities you’ll have. These opportunities should create a little excitement around your decision.

6 Months After Exiting a Timeshare Contract Saves You $2100.

One of the biggest drawbacks of vacationing is the simple fact they always come to an end. Although it tends to be quite expensive, people still go. The national average for one person to go on a week-long vacation is $1,145. Unless you’re traveling alone, $2100 isn’t going to get you very far. So what’s the point of wasting this amount on a lackluster experience just to get out of town? Saving for another 7 months will give you enough to take your family of 4 on vacation (average cost is $4,580). At the same time, there are plenty of purchases you can make with $2100 that don’t expire after one week. Here are a few..

  • Minor home improvements (landscape, security systems, etc..)
  • A new purebred puppy for the family.
  • A smaller off-road vehicle or watercraft (dirt bike, jet ski, etc..)
  • High-end electronics (camera, computer or TV’s with surround sound).
  • New home appliances (refrigerator, washer, dryer, etc..)
  • Diamond jewelry and other gifts for a spouse or loved one.
  • New furniture (kitchen table, sofa or patio sets)
  • A premium massage chair.

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Aside from vacationing, there are also some additional short term purchases that could be worth it for $2100.

  • An hour-long helicopter tour for 4-6 people.
  • Enrolling in classes for an online degree.
  • Sponsor a club, sports team, animal shelter or other non-profit.
  • Paying off debts.

Keep in mind, these are all things you can purchase with the amount of money it costs to own a timeshare for 6 months. Some people aren’t even able to book their annual vacation after paying double this amount every year due to timeshares overselling their inventory.

$4200 Will Remain in Your Bank Account After One Year.

Buying a timeshare causes many people to forget about their way of life prior to the purchase. Some of you have been timeshare owners for decades and are used to setting aside the monthly amount to avoid additional fees (or the thought of foreclosure). It can be tough to adjust properly after exiting the timeshare contract. But those that make the transition seamlessly tend to see an impact other areas of their lives as well – mainly regarding self control. So if you’re able to avoid major purchases for the first year, you’ll find yourself with a nice wad of cash. If saving for a year was long enough, here are a few ways you can spend $4k+.

  • 3-4 Annual Signature Passports to DisneyLand.
  • Minor home improvement or small remodeling projects.
  • Nosebleed tickets to the Superbowl or premier seating at another major sporting event.
  • An off road razor, motorcycle or ATV.
  • A new bedroom set.
  • Attend a world class seminar or receive personal development training.
  • A riding lawn mower.
  • Camping equipment and a used fishing boat.
  • A golf cart with a solid set of clubs and a tee time.

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24 Months After a Timeshare Exit Gives You An Extra $8400

After you’ve gone a year and a half, you’ll be able to consider vacation packages that are a big step above what you were used to with the timeshare. International travel or popular U.S. destinations can now be considered if you’re traveling for two. With a little over $8,000 in the bank, you could even think about buying a nice used car or truck. A smaller travel trailer could even also be had for this amount of money.

Aside from higher end products from the lists above, you could also put money towards equipment, electronics or technology – whether your need it for business or personal use. For some families, this might be enough to cover Christmas gifts. You could even consider buying a decently bred horse (you might want to have a stable first though). $8400 could be used to add a lot of value to your home. Maybe you’ve been waiting for enough money to improve your outdoor living space. It’s enough to start considering a full room remodel. After 2 years, these are all possibilities once you’ve been relieved of your timeshare obligation. Waiting 2 more years to cancel can really leave you wondering about what could have been.

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3 Years Post Timeshare Exit, $12,600 is Saved.

If you’re serious about saving your money, there are endless ways you can reap the rewards of exiting a timeshare contract. After 36 months, you’ll save nearly $13k by escaping the clutches of ownership. This is enough to put a down payment on a house, buy a new car or plan a real vacation. You could even re-carpet your house or invest in some major home improvements that you’ve been pondering for a while. Although a swimming pool is probably out of the question, you could still invest in a hot tub or small pond if you’d like. Maybe you could even get the band back together, who knows!

Either way, establishing a budget, setting goals and managing your finances will put you in position to use your hard earned money for something worthwhile. Instead of continuously funneling capital into something that was never fruitful, you made an intelligent decision that’s benefiting your future. While not all timeshares are bad, some can be absolutely devastating. This is why the disclosure of actual costs is so important.

To put this into perspective, most timeshare owners make the purchase thinking it’s going to only cost them $20,000. In just 3 years, most people have unexpectedly surpassed that amount. Imagine what can occur after a decade? With maintenance fees steadily increasing, who knows what the total of the perpetual purchase could be. Exiting a timeshare can be a life-changing decision.

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Exiting a Timeshare Contract with VOC.

If you’ve recently exited your timeshare, congratulations. If you’re considering doing so, then we’d love to tell you more about what cancellation entails. During our Free consultations, we focus on learning more about your situation prior to explaining the qualification process. This helps us best advise you on next steps. Some owners don’t even need us to help them legally exit a timeshare contract. At the same time, if you believe canceling is your only option, you can get started by proceeding to our qualification form below.

Florida Man, 20 Others Sentenced in Vegas for Timeshare Resale Fraud

Florida Man, 20 Others Sentenced in Vegas for Timeshare Resale Fraud

Since the 1980’s, regulatory agencies have been trying to crack down on consumer fraud in the timeshare industry. While the increasing number of exposed scams is encouraging, the lengths people go to defraud innocent consumers is disheartening. Especially when they involve vulnerable timeshare owners. The elderly have long been a target of timeshare sales operations. A declining level of discernment makes it easier to manipulate them. Former employees of major hospitality chains have even been terminated for reporting misconduct geared towards the aging demographic. But the “chasing of the buck” doesn’t stop with travel companies. 3rd party resort relief options, like those who partake in timeshare resale fraud, are becoming a big problem.

Many scam artists enter the timeshare marketplace because they know a good amount of buyers have already been misled. They also know that some of these owners are desperate to get rid of their expensive timeshare obligations once they realize it’s not for them. After struggling with the resort, many timeshare owners assume their only option is to sell the property. Even though a vast majority of timeshares have a $0 resale value, hundreds of resale companies look to take advantage of consumer desperation. Some are legitimate, most are not.

This was the case when Daniel “Wolf” Boyer hired 20 co-conspirators to develop a resale scheme that defrauded thousands of buyers across the U.S.. After stealing user information from different online sources, Boyer and his trusty team set off to persuade unhappy buyers to sell their timeshares. From late 2010 all the way through April of 2012, the resale scam was able to steal over $3.3 million, mostly from the elderly. While the Florida man (or “Wolf”) might have thought he was brilliant, his antics didn’t go unnoticed.

After following the scam and tracking Boyer, the USPIS, FBI and the Florida DACS built a case against the fraudulent operation. With the help of the Assistant U.S. Attorney, Dan Cowhig, they were able to easily prosecute those involved. To date, twenty members of the fraudulent scheme have been charged with a guilty plea. Boyer pled guilty to conspiracy and received two counts of wire fraud and two counts of mail fraud. While some of the co-conspirators await a judges decision, 6 have been sentenced and the “Wolf” will spend 63 months in federal prison. U.S. District Judge James C. Mahan also informed Boyer that his penalty would also include three years of supervised release. He also ordered him to pay restitution of $3.37 million to victims of the fraud.

How the Fraudulent Timeshare Resale Scheme Worked.

Falling victim to a scam is never on anyone’s agenda. But on the surface, many fraudulent operations seem very real. Despite there never being any “real” buyers, Boyer and his team went above and beyond to create online business “fronts” that manipulated their targets. By using fake identities, inactive companies and leasing temporary office spaces, unhappy timeshare owners viewed them as a viable solution.

Using this approach, Boyer and his co-conspirators were able to claim they had corporate offices in cities like Las Vegas even though he remained in Orlando, Florida. In order to cover their tracks, they used a number of business names including: Beneficial Business Solutions, Holiday Advertising, First Capital Financial Services Corp, Eastern Enterprises LLC, Professional Concepts LLC, TeleTeton Corp, Redline Funding LLC, Community Funding Corp, Equity Financial Services LLC, Vacation Funding Partners LP, Property People Travel, and Great West Funding Incorporated.

They also used internet phone systems to purchase local numbers. This enhanced their credibility because it made it look like they were calling from local offices. They even went as far as researching local news and weather to manipulate timeshare owners during phone calls. The product itself was a phony website with a handful of fake testimonials, press releases and stakeholders that linked to leased buildings on Google maps.

Everything seemed so promising. This goes to show how clever criminals actually are. Once the defendants were able to legitimize their business and gain consumer trust, they’d promise to sell the timeshare property. All they required was an upfront payment for half of the resale costs. This made them seem even more trustworthy because they didn’t require full payment until the job was complete. Criminal telemarketers refer to this as “the buyer’s pitch.” Once you hand them the cash, the rest is history. When it comes to timeshare resale fraud, the misconduct can drag out for a long time. Just ask Darren Kittleson, an Arizona realtor that fell for a similar scam.

Be Careful When Pursuing Timeshare Relief Options

Fraudulent operations, like Boyer’s, typically get going when stolen information, that a specific target audience believes is confidential, becomes available. Having access to this data gives scam artists the ability to easily mislead certain audiences. If you think one of your online profiles have been breached, keep your eyes peeled for potential scams. There are plenty of “wolves” in sheep’s clothing out there.

After Boyer’s case concluded, Nicholas A. Trutanich, the U.S. Attorney for the District of Nevada, had a few words to say on the matter. “Today’s sentence demonstrates law enforcement’s commitment to protecting vulnerable elder populations in Nevada. Elder fraud and exploitation can have a crippling effect on victims, and federal prosecutors will pursue financial fraudsters who exploit our most vulnerable for personal and financial gain.” Although timeshare resale fraud is concerning, it seems as though our country is doing everything they can to eliminate the problem.

If you’d like to learn more about how we legally terminate timeshare contracts, feel free to schedule a FREE consultation or fill out a qualification form below.

What To Do After You Get Rid of Timeshare Obligations For Good

What To Do After You Get Rid of Timeshare Obligations For Good

When we wrap up the termination process with our clients, many tell us it feels like an enormous weight has been lifted from their shoulders. The stress and hopelessness that comes with the expense can be exhausting to say the least. But the relief of cancellation is invigorating for most. Aside from creating financial limitations, the burden of the purchase can also take a toll on personal relationships. Buyers aren’t the only ones forced to deal with the disappointment. Vacations that were once anticipated can easily turn into a sore subject when expectations aren’t met for multiple people. After owners finally get rid of timeshare obligations for good, they may feel like they need to make up for lost time. But don’t get too excited just yet.

While the concept of timesharing may have lost its appeal, former owners may look to quickly right their wrong. But it’s important not to act out of spite or in haste. Scam artists have been known to target those exiting timeshare contracts. Resorts also have effective follow up practices that lure desperate travelers back in. But instead of advising you on where to turn for your travel needs or how to spend the money saved, we decided to take a different approach. One that forces you to reflect on your failed timeshare experience and what went wrong throughout the process. The goal here is to help you acknowledge your missteps and avoid making the same mistakes going forward.

1. Assess the Loss of Timeshare Ownership

Before wiping the timeshare property from your recent memory, it’s important to set aside time to analyze the purchase. This will help you make more informed decisions and avoid future impulse purchases altogether. When assessing your loss, the first thing you’ll want to do is acknowledge how much the timeshare expense actually cost you. Compare it to what you thought it was going to cost. Sales teams use a lot of misspeak during presentations and normally don’t include taxes, interest and annual fees during their proposal.

Come to terms with how you were misled and try to understand how the salesman hid this information from you. Once you start to realize how you were duped into buying, you’ll be able to identify other elements of the purchase that were misleading. What initially intrigued you about attending the timeshare presentation? Were you targeted online, at an event or through the mail? Each of these tactics can tell you a lot about how and why you were targeted.

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The way you were persuaded can also tell you a lot about your susceptibility. What caused you to trust the salesman? What questions were you asked and how were your answers used against you? What questions did you ask that were inevitably avoided or ignored? Did anything distract you from your gut instinct during the presentation? If you bought multiple upgrades or invested in timeshare relief programs, why did you make these decisions? What was said during these sales that caught your attention? Understanding how you got into the hole you were in can be enlightening to say the least.

Learning from a regretful purchase is the best thing you can do. It’s what you need to do if you ever want to move on. At the end of the day, there’s no need for you to project your timeshare experience onto other opportunities. Not everyone wants to scam you. Besides, you could potentially help other people on the verge of making similar mistakes. Having to get rid of timeshare obligations isn’t something to be ashamed of. It’s pretty bold when you think about it. Many remain stuck in the never ending cycle. Your story could impact someone else’s fortune!

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2. Ease Back Into Traveling, Recoup From the Loss

Purchasing another timeshare may not be on your agenda, but traveling without being strapped for cash might be. Now that you’ve gotten rid of your timeshare obligation for good, it might be tempting to take the first flight out of town. But taking a break from traveling may actually help you regroup. Spending more money to fill a void isn’t necessarily going to make you feel better about the loss. Especially if timeshare payments have caused you to get behind on bills or investing in other needs. Once you’re free and clear of your contract, try turning your attention to everything that’s been hindered by the purchase.

Have you been putting off home or car repairs due to financial hardship? Do you owe anyone money? Do your kids need some new clothes? Could you use some personal maintenance? Taking care of needed expenses first helps you avoid extending the regret of ownership. Has your family enjoyed dinner out on the town lately? Is there a relative or friend you haven’t been able to visit for a while? Just because the timeshare didn’t transpire doesn’t mean you have to splurge on a magical vacation to make it all go away.

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If you need time to recover financially, then it’d behoove you to take a break from your travels. But if you believe in routine escapes, there are plenty of little trips you can take. Create a list of things you can do locally or within a few hours drive. Ease back into your travels and create a budget you can stick to. If you have a travel itch that simply needs to be scratched, just keep it simple. As long as you’re able to get away and spend time with those you love, nothing else really matters. In the meantime, write down some financial goals and start setting aside money for a future trip. Planning a sensible, budgeted vacation with your spouse, kids or friends gives everyone something to look forward to.

3. Save Money and Maximize Your Next Vacation

While getting rid of timeshare obligations frees up a lot of cash, saving it can be very rewarding. Whether you canceled your timeshare after 3 months or 30 years, you’re still going to want what you initially paid for. Whatever your reason for canceling was, you probably still want what you paid for. Unfortunately, ripoffs normally don’t include restitution. That’s why steps 1 and 2 are so important. After you’ve assessed and recouped your losses, planning a trip the right way becomes easy.

Forcing a vacation or buying the first deal that comes your way is rarely fruitful. Some of the most memorable vacations tend to be those that were either thoughtfully put together or spontaneous (road trip, staycation, etc..). Avoiding expensive trips at first will be worth it in the long run. Making sacrifices in response to your loss helps you avoid traveling on a tight budget in the future. Take responsibility for the decision and make the best of it for now. If funds are limited, the unexpected or an appealing attraction (you can’t attend) could ruin the entire trip.

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The key to life after a timeshare exit is the plan. The more people on the same page the better. Setting expectations and being realistic about anticipations helps you develop an itinerary that pleases everyone. When plans aren’t rushed and money isn’t scarce, the outlook is promising. Waiting to go on vacation until after you finally get rid of timeshare obligations ensures everyone enjoys themselves. From here, you can leave the poor timeshare investment in the past.

4. If You Really Want a Timeshare, Start Researching Resorts

Getting rid of a timeshare agreement doesn’t mean you have to give up on the concept for good. Not all experiences are bad. Most don’t work out because buyers just aren’t cognizant of what they’re purchasing. If you’re still intrigued by fractional ownership, but don’t want to make the same mistakes, then start researching your options. Join online forums or social media groups to learn more about the ins and outs of the industry. Ask the right questions and gain a better understanding for timeshare terminology. A “right to use contract” or a travel club just might suit you better.

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Either way, today’s travel opportunities are endless. Whether you’re a global traveler or you only need a few weekends at the beach per year; the perfect solution is out there for you. You just have to find it. Don’t let the opportunities sell you. Ignore the bright, screaming advertisements and find something that makes sense. Take the things you’ve learned from your experience and apply them. Don’t allow yourself to be persuaded and never forget how worthwhile a well-planned vacation can be. If there’s a chance the resort can’t deliver, or the offer seems too good to be true, there’s no need to rush. It can be especially devastating if you have to get rid of timeshare obligations twice.

For more information on our cancellation services, you can schedule a FREE consultation or visit the qualification form below.

Arizona Legislature Decides Not to Eliminate Timeshare Contract Perpetuity

Arizona Legislature Decides Not to Eliminate Timeshare Contract Perpetuity

State lawmakers in Arizona recently got together to discuss the opt-out capabilities for new timeshare owners. Republican, Shawna Bolick of Phoenix was hoping for the language of HB 2639 to include a rescission (cancellation) period of 14 days. This post purchase cool off allows the buyer to decide if they want to keep the property or not; after they’ve physically visited the resort themselves.

Amanda Rusing of the Attorney General’s Office testified on the importance of giving people a chance to experience what they bought — or what they thought they bought. She went on to say people think they’re “buying the opportunity to use a beach-front villa and what they end up with is a condo where, if you hang your head out the window on a sunny day, you can kind of see the ocean.’’ While Amanda brought up some great points, State legislature decided on a 10 day rescission period in Arizona instead.

What’s important about this decision is that most timeshare purchases are perpetual (lifetime) agreements. Once the cancellation window passes, it’s nearly impossible for owners to get rid of a timeshare. “At some point, these are adults that come to a meeting of the minds and want to sign a contract,” said Republican Senator Michelle Ugenti-Rita, who chairs the Senate Commerce Committee. Most agreed that if buyers are serious about the purchase, then they’ll immediately give it a second look when they get home. If they’re not, then the timeshare company isn’t necessarily to blame. Republican, Travis Grantham, who chairs the House Regulatory Affairs Committee, even mentioned having an attorney review the contracts of major purchases.

Why Rescission Periods Don’t Matter to AZ Lawmakers

While giving consumers more time to finalize their decision would have put a dent in buyer’s remorse, timeshare companies (and lawmakers with skin in the game) know the hard sale is the foundation of their business. The impulse buy is what drives the timeshare industry. With that being said, lawmakers shifted their attention to the real problem behind it all: timeshare sales tactics. The issue lies in timeshare developer’s strategy to lure prospects into presentations and aggressively pressure them to buy right then and there. Senator Ugenti-Rita brought up the simple fact that, “buyers have some responsibility to know exactly what they’re signing.” Sales teams do need to make sure prospects aren’t being led on.

She went on to say the legislation does include some additional requirements regarding timeshare contract disclosure. While she doesn’t believe an extended rescission period will fix the problem, she believes a consumer “empowered with information” can make better decisions. The only way to do this is to educate consumers and make sure full disclosure is a priority during sales presentations. According to her, the protections the State can provide are limited. While she does have a point, things didn’t add up when they decided to do away with one of the few provisions that benefitted users.

Propositions to Eliminate Timeshare Contracts Were Shut Down

Another proposition that was denied was the right to eliminate timeshare contract perpetuity after 10 years; IF the mortgage was paid in full and there were no past due penalties or fees. While resorts have long advertised the “possibility” of cancellation by qualification, it’s rare because they can always disqualify your request. Over the years, timeshare companies have gotten very clever and their termination options are extremely misleading. Resorts and certain legislature made sure this element of HB 2639 wasn’t even a consideration. It makes sense because the money is made in their ability to sell paying customers more things.

The original version of HB 2639 also asked to disclose the estimated annual (and lifetime) assessments fees as well as other costs; such as taxes, maintenance fees and utilities. The attempt was to provide buyers with clarity on the totality of the investment so they could avoid the unexpected. This portion was removed. Grantham’s reasoning was that, “It was too difficult for any timeshare developer to forecast what the fees may be.” Additional protection for sellers was also nixed during the house committee.

The Connection Between Lawmakers and the Timeshare Industry.

In the end, a lot of public light was shed on the concern behind timeshare ownership. Rusing also told Arizona lawmakers that owners become so desperate that they try to sell the property for pennies just to eliminate timeshare obligations. But nobody wants them. She believes this sense of hopelessness has established a market flooded with scam artists that claim they can cancel timeshare contracts. The attorney general went on to point out the undeniable connection between politicians and resorts. It’s pretty obvious that timeshares are the pockets of legislature.

Because of this, consumers aren’t really protected. Their exposure to scams drastically increase once they’ve signed a timeshare contract. Although we believe timeshare ownership will be considered an epidemic at some point, there’s only so much we can do. As Arizonan lawmakers continue to figure out the best way to overcome timeshare regret, all we can do is spread awareness. If interested buyers are more informed, the probability of them making a good decision is a lot higher.

Why You Should Dump Timeshare Contracts Instead of Upgrading Packages

Why You Should Dump Timeshare Contracts Instead of Upgrading Packages

What many people don’t realize about timeshare ownership is that the sale doesn’t end after they’ve signed the contract. Timeshare companies know that once you’re locked into a perpetual agreement they can pretty much dictate where your travel dollars go. Aside from a high pressured approach during the initial presentation, they take additional measures to persuade their users to spend more money over time. Because of this, we believe it is highly beneficial for owners to dump timeshare contracts before they’re persuaded into buying upgrade options.

Before solidifying this claim, it’s important we understand how fractional owners got to this point in the first place. What exactly causes them to believe they need to take action? What element of the experience has them contemplating spending more money or dumping the expense altogether? Whether you believe our perspective is bias or not, many timeshare owners are plagued with this decision. Every day, we talk to dozens of disgruntled buyers looking for guidance or insight on their options.

Why Dumping Timeshares Is Smarter Than Upgrading Condos.

While it may seem like both decisions are irrational, you have to understand a majority of buyers have no desire to stay where they are. They’re seeking relief because they don’t believe they’re getting what they paid for. Although the first impression of vacation ownership typically involves excitement and anticipation, the level of enthusiasm normally dwindles over time. Anything from availability frustrations to unacceptable accommodations can leave timeshare owners in a pool of regret – instead of by the pool without worries. Aside from expectations not being met, they feel taken advantage of and vulnerable. They’re not sure who to trust or what the actuality of their timeshare really is.

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Enduring a purchase that hasn’t aligned with expectations forces many to hope for the best. Especially when they’re at the mercy of a perpetual agreement. Buying a timeshare costs a lot of money. For some, it’s easier to spend a little more to get what they want instead of throwing away the entire purchase. Let’s face it, some people just have the money to blow. While it’s easy for these types of people to swallow their pride a little, others become more prideful and refuse to give into obvious tactics that devalue buyers. But it doesn’t mean they won’t cave once a deal with appeal comes across the table.

No matter how upset owners become, customer service reps (CSR, AKA sales reps) are trained to deflect grief and connect with their owners. Most sales operations make their living off an ability to combat dissatisfaction. In some cases, timeshare owners are led to believe that the poor experience is their fault. That they bought a cheap package or that agreeing to additional options during the contract signing would have improved availability and enjoyment.

When reverse psychology doesn’t work, CSR’s have a number of tricks up their sleeves to reassure their users. Without going into too much detail, timeshare companies are equipped to force your hand. When the initial purchase flops, they basically dare you to cancel the timeshare while teasing you with intriguing deals and upgrade scenarios. Why wouldn’t they choose something they’ve already invested thousands into? Especially when timeshare cancellation companies are suspect themselves. CSR’s know the latter is risky so they’re willing to wait on you. You signed the contract and they owe you nothing, but will sell you anything.

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Like we said, signing the contract is only the beginning of a never-ending ales cycle. Any type of relief can turn into many forms of grief. It’s the way of the industry. Although your experience thus far might be forgettable, who’s to say it’ll get better when you pay more? Caving may seem like your only option, but is it a responsible one? While analyzing how timeshare owners got to this point provides us with substance, the real reason you should dump timeshare contracts lies in the aftermath of an upgrade. Let’s look at three consequences that solidify our stance on termination.

1. Saying “Yes” to Upgrades Puts a Target on Your Back

If you’ve worked in any type of sales environment before, you’ve probably heard the common saying, “take 3 no’s before giving up on a yes.” But what many fractional owners don’t realize is this rule doesn’t apply to them. Once someone has agreed to the timeshare contract, they’ve become susceptible to a lifetime of misleading, persuasive abuse. While the initial presentation can be overwhelming, the pressure to take advantage of discounts and special offers is limitless. If they can persuade people to pay $20-40K unexpectedly, they can easily add a few thousand along the way.

Some people don’t possess the ability to say “no” and they end up racking up all kinds of expenses because of it. Moreover, once they agree to an upgrade, the vultures start to circle. Incentivized sales teams know who the most gullible owners are. The worst part is that many of these “upgrades” don’t add much value or resolution to fractional ownership. If you’re constantly being harassed to upgrade your points program, understand it’s only a bidding war on secondary inventory that the general public doesn’t want. The goal isn’t to improve your experience, rather increase your annual donation so the salesman can go on vacation and the timeshare’s margins increase.

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2. Upgrades Won’t Resolve Your Complaints.

Have you ever confronted someone and they responded by offering you something? Although you really want to remain upset about the situation, the idea of being treated can be compelling. Sometimes, it’s enough to cause you to apologize for your holding a grudge or being mad. You might even forget about the problem or concern altogether – at least until they wrong you again.

Aside from maximizing revenues from fractional owners, timeshare companies know how to execute this “bait and switch” tactic as well. Instead of actually listening to your concerns and providing you with a solution, they’ll make you feel like the repayment was worth the inexperience. The relief doesn’t last, headaches resume and the resort is able to keep you from dumping the timeshare contract for a few more months until things unravel again.

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3. Dumping Timeshare Contracts Isn’t As Costly.

What many owners don’t realize is they end up paying more for the same problem. Instead of going with their gut, they give the timeshare another chance to deliver on something they promised. In their mind, they’re still owed. In the resort’s mind, they just want to remain in the driver’s seat. They know their obligated customer isn’t going anywhere. All they have to do is pretend they care and offer something to make you go away.

Aside from complaints not getting resolved, the cost of ownership rises significantly when you agree to new terms. The simple fact that additional contracts are being signed is often overlooked during the upgrade process. As agreements stack up, it becomes more and more difficult to dump timeshare ownership. In turn, legally exiting the timeshare becomes more expensive. Continuing to sign new contracts proves you’re responsible for your decisions. This gives the timeshare quite a bit of leverage. Remember, you have the ability to say, “No.”

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Understand Upgrades Before Agreeing to Them.

When you think about it, timeshare companies sell “what could be’s” instead of actualities throughout the entire process. After a few rounds of this, many owners realize dumping the timeshare contract is their only option. We’re simply here to tell you that you can legally walk away now and avoid the heartache. Thousands of people are reeled back into ownership every year and hundreds of thousands of dollars continues to go towards something that never improves. It’s how the industry has been able to thrive in a market full of alternative, convenient travel options.

Don’t be a statistic and get rid of your timeshare for good. Especially if you’re having second thoughts about the purchase. Over time, your decision can become extremely costly. Dumping your obligation and pursuing a sensible vacation can be one of the best things to ever happen to you. Even if you have to deal with the regret for a few years. For more information on VOC, you can schedule a FREE consultation or proceed with a qualification form below.

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