Taking out a personal loan for a vacation ownership usually seems like a good idea after speaking to timeshare salespeople. Misleading promises during the presentation convince many that they’ve stumbled across a deal of a lifetime. Because of this, thousands of buyers borrow money in order to purchase somewhat of a mirage.
In the years of exploration, towns either thrived on their own or wealthy businessmen were needed to turn fortunes around. Failure in attractive places provided successful people with opportunities to shape the landscape into money-making havens. One could even say the foundation of hospitality was based on mistakes and others’ ability to capitalize on them.
Represented by Donald S. Hackett III, the Kriens claim the timeshare scheme intentionally avoids the discussion of “prohibited limitations” for points program (VOI’s) in order to close deals. From their perspective, nobody would make the purchase if they knew the sales pitch wasn’t entirely true.
Far too often, the timeshare purchase (and the vacation on which it was bought) become deeply remorseful experiences. Getting out of the timeshare trap is not only emotionally difficult but physically costly. This is why we’re so passionate about this topic. The avoidance of industry pitfalls is more important than understanding ownership itself.
The past few years haven’t exactly been full of positive memories for some of the timeshare owners at Diamond Resorts International, Inc. (DRI). It appears there has been an increasing number of buyers who have not been able to match their expectation with the actual experience – giving them more of a desire to escape the perpetual contract than to continue on with ownership.
Nearly every victim of a timeshare sale is on vacation when they make the purchase. Because of this, many eventually regret it. While it’s easy to blame the ignorance of their decision on a gullible mindset and the euphoria of their travels, it’s important that we take a second to look at things from the timeshare owner’s perspective.
When it comes to timeshare relief, vacation owners often find themselves overwhelmed by the variety of options available to them. What makes matters even more difficult is that third party predatory agencies like to bend the truth the same way timeshare companies do.
Unhappy vacation owners usually experience an exhausting wave of resistance from timeshare resorts when seeking a way out of their perpetual agreement. Because of this, many fail. In most cases, the resilient and financially stable are the only types of owners able to obtain some sort of restitution.
For decades now, millions of consumers have been talked into spending tens of thousands of dollars on a weekly timeshare vacation. While some are content with a simple trip to a familiar destination, others become consumed by efforts to make the purchase worthwhile.
Many timeshare exit teams are shady. Learn how to spot scams and avoid the wrong company to save time, money, and future headaches.
When it comes to timeshares, the amount of time and money that goes into the sale is staggering. But it’s not because travel has become extremely competitive over the last decade. Instead of advertising intervals online, timeshare companies prefer to meet with timeshare prospects in a secluded environment they can control.
While most lawsuits against timeshare companies are rarely fruitful, some deserve public attention. For the most part, a large percentage of society isn’t keen on the sales tactics of the industry. Understanding buyer complaints can help consumers avoid the purchase altogether. In reality, many buyers often find themselves in over their heads with the purchase before they even know what happened.
When you think about it, nearly all of us long for a vacation. The stagnancy that comes from a routine is hard to ignore. Because of this, most of us are highly intrigued by “affordable” opportunities to get away. For more than half a century now, timeshare companies have been taking advantage of this desire to travel.
While many vacation owners worry about the outcome of their annual vacation in 2020, those that purchased Welk Resorts points from January 2011 to March 2016 are in for a big surprise. Just last week, up to $3.55 million was awarded to those that have been misled by the timeshare sales process.
Our world is stuck in a time of despair. Since the wake of the Coronavirus, people’s livelihoods have been turned upside down. Local shops and businesses have been forced to close their doors and millions of Americans are living on pennies. Casualties have become eager to voice injustice.
