Will Timeshares Treat Financial Hardship Differently During a Pandemic?

Will Timeshares Treat Financial Hardship Differently During a Pandemic?

Over the past few weeks, we’ve been talking a lot about the realities and possibilities of vacation ownership during a global pandemic. As we head into month two of our country’s attempt to slow the spread of the coronavirus, it’s becoming more apparent this isn’t going to be a temporary thing. Many of you are reading this right now because you’re starting to realize your timeshare contract could soon present you with some problems. Some of you may already be in the midst of a financial hardship and vacation ownership is probably the last thing on your mind. So what can you expect if you stop paying for it?

Look, no one can really prepare for the international spread of a highly contagious respiratory illness. But the perpetual agreements signed by timeshare owners really rains on a parade doesn’t it? Whether you fully understand what this obligation entails or not, owners will more than likely be held accountable for payment during this time. It’s how many past owners facing hardships have been treated. To date, resorts haven’t said anything to otherwise reassure timeshare owners during the COVID-19 crisis. Expecting empathy from an industry that fails to disclose contract terms during the sale is risky.

Understanding Your Timeshare Contract is Important.

While it may seem like our goal here is to slander the industry to acquire new clients, that’s not the case. The last thing we want you to do is rush the cancellation process before exhausting all of your options. Sometimes, you just need an advocate to help point you in the right direction. But for the most part, you need someone to be honest with you so you can make intelligent decisions. Waiting on the resort to give you a break during a financial hardship can be extremely inconvenient, frustrating and even more costly. Either way, you don’t deserve to be aimlessly led down a road that seems fair. 

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No matter the reader’s perspective, VOC believes that all vacation owners should be able to seamlessly enjoy their purchase. The problem is, this was rarely the case even before this pandemic arrived. Since most buyers aren’t properly informed, disappointments lead to further purchases and even penalties. Plenty of our clients have called us because their timeshare has drained them financially. We can only assume this will continue. 

Now that the coronavirus has thrown a wrench in everyone’s activities and plans, it’s going to be extremely difficult for anyone to appreciate and relish in the decision to buy a timeshare. Whether you think you have a good enough reason to walk away from the burden or not, it’s important to understand what can take place if you do.

When You Can’t Pay For Your Timeshare.

Many of you were ecstatic when you first made the decision to buy a timeshare. Going on vacation every year is a big financial commitment that most people never get to enjoy. It feels good to be able to escape. At the time, none of you were thinking about the possibility of financial hardship – let alone forced social distancing. Some of you just made the purchase last month and now you’ve lost your job. With the job market at a standstill, unemployment will only take you so far. So what can you expect from the timeshare company? Moreover, what can you expect from a company that claims to know how to legally terminate timeshare contracts

Financial Hardships Don’t Stop Collection Attempts.

If there’s one thing that has remained consistent since timeshare travel came about, it’s that complaints have never been paid much attention to. The focus and capital always seems to funnel towards sales tactics and collection attempts. This has been evident for quite a while now. No matter the cost to them, timeshare companies and resorts will make sure they’re paid in full. If they allow vacation owners to easily escape the contractual burden, their entire business model would be destroyed.

Those that don’t adhere to the contract they signed can expect to be aggressively pursued for payment. Especially if you avoid the resort and refuse to pay in an aggressive manner yourself. If the communication gets to this point, you have to understand that sales organizations will harass you. The first level of collections normally comes from an internal agency or staff, employed by the timeshare. Some of our clients have told us that commissioned salesmen have even threatened them over the phone.

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FEAR CAN BE MISLEADING

While it may be comforting to believe the industry could have a change of heart, we also have to understand they’re losing a lot of money right now. If anything, this should lead us to believe that collection attempts could be even more troubling today. Threatening notices for foreclosures or liens could come a lot quicker if the travel ban lasts through the year. Not everyone will stop paying because of financial hardship. Some will deem the expense non-essential or simply boycott payments because they can’t use it.

Timeshare companies will more than likely respond in a way that benefits them best. With a contract on their side, it’s going to be awfully difficult for vacation owners to escape some sort of obligation. You might be racking up fees right now.

There Are Multiple Ways Timeshares Collect Dues.

If you’re able to endure the resort’s collection attempts, just know you’re not in the clear. Once your contract reaches a third party collector, the tactics get to be a little more cunning. Most people don’t understand that there are different ways this can affect your credit differently. Not only is the debt amount likely to increase, but you’re not guaranteed a “paid in full” distinction.

These types of agencies really know how to put the pressure on timeshare owners to take action. By removing the emotion out of the equation, they aim to tactfully remind you of the ramifications of your refusal to pay. If you’re in over your head or you don’t know what to look for in your contract, they can be especially convincing. They know how to create confusion in order to bring the contract current. It’s their job and you should always seek advice in these matters.

At the end of the day, third party collectors work for the timeshare company. Negotiating with them is rarely fruitful and leaves most owners back at the mercy of the resort – even after a large payment is made. If you’re in the middle of a financial hardship and worried your debt is going to put you in a deeper hole, it would be wise of you to seek advice. Threatening you until your contract is current is bad business. If you can’t pay, you have to be smart.

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Avoid Timeshare Deception During Financial Hardships.

Remember, the end goal of the timeshare company is to make as much money as they can. It’s always been that way. Their strategy is always going to be to keep you under contract for as long as they can. They’ll tell you that they’re waiving fees and “helping you out” – but the fees would never have been there if they cared. Even bait and switch attempts should be expected during this time. Future promises and guarantees should be taken with a grain of salt, because the proof is in the pudding.

Things that may be available today may not be available tomorrow. Efforts to comfort you while creating fear are common in the industry. Nearly everything presented to prospective buyers and current owners is excessively ambiguous and one sided. The goal has always been to collect as many timeshare payments as they can for times like these. It’s not hard to see right through the business model itself.

Do Struggling Timeshare Owners Have Legal Options?

So what happens when you scrape together enough money to pay off collections but find out your timeshare contract is still active. What will you do if you were counting on the expense being eliminated altogether? When timeshare owners are taken advantage of in this way, they’re usually ready to sue the resort for everything they have. But there’s a reason why so many struggling buyers have failed to find legal success. 

For the most part, the contract itself favors the resort. Even class action lawsuits have been known to fizzle after months of planning and organization. No matter what hardship was endured, the agreement remains binding. Even when accusations are valid, many go broke just trying to keep up with the lawsuit. Timeshare companies have millions of dollars and use some of the best lawyers in the world to defend themselves. Competing is difficult when you’re already struggling financially. The simple consideration of this approach is rather foolish.

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Many legal teams just aren’t equipped to go up against timeshare companies in a legal battle. If you find yourself committed to restitution, then the best thing you can do is eliminate the burden for good. We’ve written a number of articles that explain the differences between hiring lawyers to litigate and our attorney based process. Working with a company that understands the industry and has success with timeshare litigation can be extremely beneficial. Especially when you can get out with a clean slate for $0 out of pocket with 0% interest. 

How Owners Could Pay For Walking Away.

If you decide to just ignore the collection attempts and hope for the best, then there are some things worth considering. Refusing to act responsibly can make this global pandemic far worse for you and your family. Even if you don’t hear from the resort for a few months or even a year, the repercussions could be adding up. Our clients have been known to incur a number of late fees, hidden costs and even unauthorized credit card charges in the past.

Some don’t even know the resort signed them up for a credit card or an additional contract during the point of sale, adding further inconveniences. Many of these scenarios aren’t even known until tens of thousands of dollars have been incurred. Missed payments on maintenance fees and a potential special assessment only makes matters worse. Especially for new buyers who never knew they existed.

Judgements, interest, legal filings, attorney fees and any other administrative costs can really catch a struggling individual (or family) off guard. Timeshare ownership doesn’t come with a forbearance option. In the timeshare’s eyes, your only option is to pay for what you agreed to. Far too many buyers think they’re ahead of the game only to find out they’re behind the curve. At some point, you’re going to have to face the fees that have accumulated because of your decision to walk away.

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Be Smart With Timeshare During This Pandemic.

Whether there is a pandemic or not, it’s uncommon for timeshare companies to willingly take back your contract. They don’t care if you now view the purchase as a non-essential expense. They worked hard and paid a lot of money to guarantee your payment. No matter how upset you may get over broken promises, all they have to do is point to the piece of paper you signed. Sadly, this is how they’ve always done business and we have no reason to believe it’ll change. 

So do your best to prepare yourself for the unexpected during this time. Even if you never face financial hardships as a timeshare owner, be mindful of everything the purchase entails. There might come a point in time where timeshare travel loses its luster. You never know, going on vacation may never be the same. Waiting or acting irrationally could be costly. With that being said, if you have any questions about legally canceling a timeshare contract, we’d be more than happy to help.

Why Timeshare Giants Ignore Owner Complaints and Attack the Exit Industry.

Why Timeshare Giants Ignore Owner Complaints and Attack the Exit Industry.

People that value an affordable vacation package often see timeshare travel as an advantage. On the surface, it seems like a straightforward transaction. But once limitations arise and costs become higher than expected, many resent their decision. Since the agreement is perpetual, the outcome is especially troubling for low income households. When owners are at the mercy of the resort, the financial burden can be crippling. For the most part, all they can do is endure. This helps timeshare giants ignore owner complaints and slander the cancellation industry in order to keep their buyers from putting any type of hope into an exit strategy.

There is a Strategy Behind the Attacks.

The concept of handicapping buyers isn’t just happenstance. It’s been widely documented that  timeshare sales teams intentionally target consumers with limited finances. Owners with extra spending money tend to be more willing to take risks to get out of a timeshare contract. Those counting on credit lines and loans usually continue compiling interests and fees just to avoid potential judgements, foreclosures or credit hits. Penalties scare buyers from walking away and it’s difficult for them to know who to trust. Even if they can afford an attorney, the process usually becomes too expensive to complete. It’s safe to say a sense of entrapment is common amongst buyers.

At the same time, owner hesitancy or skepticism isn’t always intuitive. Timeshare companies do a great job overcoming complaints with false hopes and distractions. No matter how much inconvenience transpires, the resort somehow convinces many owners that the resort truly cares about their experience – and that the exit industry as a whole does not. Whether they persuade buyers to purchase an upgrade or transition them into a points program, it’s pretty evident that timeshare companies are selfishly motivated. The last thing the resort wants is to lose control of their owners – or that which they consider a stream of revenue.

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Sadly, many disgruntled buyers reach a point of fear where they’re afraid to even consider our services. They’re led to believe all exit programs are scams. Even though timeshare giants ignore owner complaints, buyers feel as though they have no choice but to adhere to the contract they signed. Some even feel as though it’s their fault. The last thing they want is to make matters worse by taking another chance on something that seems to be fruitful.

Ruining Reputations Instead of Helping Owners.

At the end of the day, timeshare companies aren’t actually fighting for restitution for their customers – rather protecting their own interests. They’re solely fighting to limit or discredit resources that can actually help timeshare owners find relief in a difficult situation. They know that pro consumer solutions exist. They know that previous class action lawsuits against major players in the industry have resulted in a win for the owners. They’re afraid that advantageous programs and services will inform their users on the truth – or the reality of their situation – and help them find relief. The desperation and deceit is clear.

So what are timeshare companies doing to disparage these resources and exit companies? Well, for some time now they’ve been trying to change the law. In the meantime, they’ve spent a lot of time and money taking cancellation programs and attorneys to court. For the most part, major hospitality conglomerates are claiming that the exit industry is soliciting and ripping off their customers; leaving them to pick up the pieces. Asserting that someone else is stealing their customer’s joy, instead of taking responsibility for the grief, helps them control the narrative and eliminate hope – outside of their difficult-to-navigate internal solutions.

But Do Lawsuits Benefit Vacation Owners?

Slander is one thing, but manipulating the system is another. After reviewing many court documents from lawsuits with monetary wins (very few by the way), we found that timeshare owners never actually benefit from them. While timeshares claim to be fighting for buyer restitution, it appears the payouts and settlements remained in their pockets.

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If timeshare companies are in fact in their owner’s corners, why isn’t the initial problem going away? What continues to get lost in the shuffle here is the simple fact vacation owners want out of their contracts. When timeshare giants ignore owner complaints, they’re going to start looking for relief elsewhere. Companies like ours wouldn’t even exist if most buyers were happy. So are they really in the corner of the owners?

Timeshare Strategies Are All About the Money.

When you think about it, all of the money they’re pouring into legal fees to sue the exit industry could be well spent on their customers. The time wasted on slander could be used to listen more and change for the better. But the revenue opportunities defile them. No matter how much they twist their reasoning, the fact remains that most owners are under a binding agreement due to a lie or misrepresentation. They wouldn’t be complaining and falling for cancellation scams by 3rd party predators if they hadn’t been misled at a timeshare presentation.

What’s even more troubling is that timeshare companies are really trying to persuade buyers that their relief options are beneficial. In reality, additional timeshare purchases (or signed agreements) made after the initial sale are often due to a lack of disclosure, further lies, financial hardship or changes in the program that prevent owners from using the property. Many believe they’re actually signing up for relief – only to realize they’re further trapped. 

AMBIGUOUS INFORMATION IS COMMON.

Singling out our entire industry, that emerged because timeshare giants ignore owner complaints, is rather ironic. But it doesn’t take much research to see that timeshare companies haven’t exactly taken out faulty timeshare exit teams. In fact, most of the news releases they publish on the matter come from a state’s Attorney General’s Office. Promoting these types of wins over unethical operations allows them to act as though they’re doing the same. 

It causes us to pose this question: How did a system that is supposed to provide a “lifetime of vacations” or “owning a piece of paradise” become so lopsided? The industry is literally profiting off of their paying customer’s demise. Almost everyday we get inquiries asking us, “How is this legal? “Can’t they just be sued and put out of business?” “This isn’t right.” While we agree, unfortunately, the deeper you investigate the more eye opening the deceit becomes.

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Politicians and Lobbyists Are Helping Timeshares.

If you want to eliminate your direct competitor, and lawsuits aren’t producing the results you’d hoped (because the problem is still there), the best thing you can do is start dealing with lawmakers. That is, if you’re into controlling the market instead of serving it. In the timeshare industry, power roots run deep. Let’s just say timeshare companies have quite the lure for prominent officials when it comes to travel and entertainment. 

To give you an example, the founder of Vidanta Properties (one of the largest hotel chains in Mexico) is said to be an advisor to the Mexican president. The real estate mogul also happens to own the country’s largest collection of golf courses and built Mexico’s first private airport.

There are also subtle references and speculations such as the ludicrous house bill proposed in Florida that accused the exit industry of every tactic that timeshare sales teams use. The bill was basically designed to make it impossible for relief companies to operate – no matter what resources or services were being rendered. In other words, they wanted to completely eliminate all outside resources for their consumers. No wonder timeshare giants ignore owner complaints.

WHAT IS A LOBBYIST?

When it comes to passing or revising laws that limit consumer rights, timeshare companies usually have a lot of support. Lobbyists from different legislature departments are paid serious money (and also rewarded) for siding with resort control. Their job, alongside the American Resort Development Association (ARDA), is to influence lawmakers. Even recent attempts by consumer protection agencies to extend the rescission period (amount of time buyers have to cancel) was diminished. 

Lobbyists from ARDA argue that mature adults should be able to make responsible purchase decisions. While pro consumer agencies believe buyers should be able to visit the timeshare unit before their rescission period expires, resort lobbyists disagree – and they do so aggressively. By incentivising politicians and public officials, this gives them a lot of leverage. The average consumer doesn’t have the capital to compete here.

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PROPOSED AZ BILL PROVIDES INSIGHT

To give you an example, let’s look at HB 2639. The Arizona proposal suggested giving buyers a 14 day opt out period after they were able to use the timeshare. It also pushed the entitlement to a 90 percent refund and options to cancel after 1 and 10 years (in order to escape lifelong maintenance fees and other liabilities like taxes). But since timeshare giants ignore owner complaints, they weren’t interested. Every single argument they made pointed to selfish ambition.

Lobbyist Don Isaacson was the most vocal. “The state should not step in to protect people who didn’t bother to understand the nature of the deal.” But what about those that were lied to and distracted so that they didn’t miss out on the “today only” deal? It is hard to understand how Don Isaacson sleeps at night with the intimate understanding of what really takes place at the point of sale. Especially since he insists on criticising victims for trusting sales teams for product information. 

If he claims not to be aware, then we find it incredibly irresponsible and ignorant to make this statement: “It’s very difficult to legislate good decision making [and] I think it would be a mistake to mandate that,” he said. How can he speak on this if he doesn’t really know?

Instead of taking responsibility for disappointed buyers, they’d rather blame them. This is pretty cut and dry and we’re not the only entity taking notice. “They’ve [timeshares] got a lobbying presence here and around the country,” said Amanda Rusing who works in Legislative Affairs at the Arizona Attorney General’s Office. “It was very disappointing to have to remove all of the stronger, pro-consumer provisions.” AG spokeswoman, Katie Conner, agreed.

THE BOTTOM LINE.

If you carefully assess timeshare presentations, the reality of ownership and the business side of timeshare travel, what Regulatory Affairs put together for HB 2639 is actually well done. Unfortunately, the arguments for the timeshare industry were enough to sway most from passing any type of action. When money and power are leveraged, it’s proven tough for the consumer to be truly considered. 

Depending on a jurisdiction, 3-10 days is the average rescission period for buyers and they typically don’t experience the let downs until they first attempt to use the timeshare – which is usually months into the contract. The length of this rescission period is simply not enough time to uncover real issues regarding the onerous contract.

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Will Timeshare Giants Ignore Owner Complaints Forever?

As you can see, uncovering the intentions behind most timeshare entities is quite difficult. Truth be told, it can be quite discouraging too. There is a lot of noise that overpowers the fact that buyers are suffering while timeshares are thriving. Last July, ARDA reported that the timeshare industry made $9.6 billion in 2017 – more than any previous year. Annual earnings from fees also increased by 1%. 

As long as power, money and incentivised support continues to work in their favor, change is not likely. This is why it’s important for consumers to start educating themselves on the purchase before the anticipation takes hold of them. 

Like Isaacson said, lawmakers aren’t always going to help you with discernment. But it doesn’t mean helpful resources are nonexistent. There is hope out there after all and we hope this article points you in the right direction. No matter what the resort leads you to believe, you don’t have to let them dictate your quality of life. If you happen to have any questions or would like to learn more about our attorney based solution, we’re always available for a free consultation.

Should You Sue Timeshare, Join a Class Action Lawsuit or Hire Attorney Backed Solutions?

Should You Sue Timeshare, Join a Class Action Lawsuit or Hire Attorney Backed Solutions?

Have you ever bought something because you thought it would drastically improve your quality of life? Have you ever looked back on the decision with regret? Whether a new swimming pool wasn’t a hit or you never use the upgraded mud tires on your 4×4, remorse rarely sets in unless you were persuaded to make the purchase. Especially when the price tag is high. Any product that doesn’t pan out the way it was presented never elicits contentment. It’s why fractional owners immediately want to sue timeshare companies when they don’t get what they paid for. 

Nobody cheerfully pays for something that they can’t use in the way they envisioned. A majority of owners never even planned on making a purchase of this magnitude. They were sold on an “affordable” vacation package that conveniently allowed them to travel with family or loved ones every year. When they find out that the actual costs are nearly double, they quickly become angered by a sense of mistrust and deception.

Harness Emotions and Be Smart With Next Actions.

While the desire to sue timeshare companies notably justifiable reaction, we want disgruntled timeshare owners to be smart about their decisions moving forward. Resorts know exactly what they’re doing. They’re normally two steps ahead of you and acting out of emotion will only make matters worse. If you’re ready to take action against the timeshare because you know they’ve lied to you, then you’re going to have to be able to prove it. If you’re not careful, a lack of evidence coupled with an emotional attack can end in the resort suing you.

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The last thing you’ll want to do is open yourself up for further financial burdens. Although complaints by unhappy timeshare buyers are being heard now more than ever before, it doesn’t mean that voicing your disappointment will bring you favor. For more than half a century, timeshare companies have been combatting consumer claims. Unless obvious misconduct has occurred, their ability to squash fraudulency claims is second to none.

We’d be remiss if we didn’t disclose that canceling vacation ownership is tough. No matter which route you take, the resort isn’t going to make it easy on you. If you’ve experienced multiple layers of deceit (3rd party resale or phony exit programs), then it can be difficult to have confidence in your decision. So in order to encourage you to keep fighting for relief, we thought we’d explain the pros and cons of different legal actions. Hopefully you’re able to get a better idea for what it takes to sue timeshare companies successfully.

1. Class Action Lawsuits Against Timeshares

First and foremost, you must understand that you cannot just file a class action lawsuit and be done with it. Multiple parties with similar experiences need to collectively organize their case against the timeshare. Moreover, there are certain specifics to the process that need to be followed before any type of prosecution will consider your claim. Once several plaintiffs have been validated and certified, other possible claimants are notified with the choice to join the class action lawsuit or opt out altogether. 

You have a far greater chance of winning when a large number of victims join the litigation efforts. But just like an attempt to sue timeshare companies on your own, the proof needs to be in the pudding. The good news is, when multiple parties have the same complaint, there’s a pretty high chance that someone has some pretty damning evidence. Vague accusations by angry consumers don’t carry much weight. This is why plaintiffs normally work with an attorney to collaborate on and organize the case before filing anything.

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Numbers Don’t Always Help Class Action Litigations.

When you use an attorney that specializes in class action lawsuits vs timeshare companies, they tend to provide good feedback before any prosecution begins. Good legal teams won’t require payment until cases are won and most won’t even offer representation if victory isn’t likely. Just know that hiring a lawyer is risky either way. If you don’t win, you’ll be on the hook for payment. While a large class action lawsuit increases your chances, the corresponding legal fees can be outrageously high.

Should You Sue Timeshare via Class Action?

Indictments that are presented effectively rarely ever go to trial. Most timeshare companies prefer to quietly settle proven disputes outside of court in order to avoid negative publicity or any type of admission of guilt. Either way, the decision to sue timeshare companies by means of class action litigation can be favorable when organized properly. The main benefit of a collaborative prosecution is that victims can be relieved of their timeshare contract while receiving monetary compensation for the inconvenience.

The Negatives Can Be Quite Troubling.

At the same time, there are some drawbacks to this legal approach. First of all, class action lawsuits can take a long time to resolve and many underestimate the overall investment. The countless hours required for researching laws to formulate a claim can be grueling. Not to mention the time it takes to allocate and secure an attorney. 

If the contract itself isn’t reviewed, then arbitration clauses can hold up litigation efforts. Even cases that make it to court can be unpredictable. Timeshare legal teams will try to exhaust your capital or force you to give up by doing their best to drag out the litigation. In the end, it’s your word against a signed contract. If the timeshare has surveillance of buyers signing the perpetual agreement, then those filing the lawsuit could be in for a big surprise.

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2. The Reality of Personal Litigation.

The most difficult element of class action is that everyone’s experience is different. What may be perceived as valuable to you may not be seen the same way to another fractional owner. Moreover, it’s difficult to prove similar misconduct if the promises made by the resort varied. Since these “guarantees” are rarely written down during the closing period, it can be tough for those suing the timeshare to prove the intent behind the sales presentation

Even though the whole town might have their pitchforks ready for battle, it might be in your best interest to pursue litigation individually. While researching next steps, you might realize you were uniquely defrauded and that the experience was personal to you. Although fractional owners rarely sue timeshare companies, make it to litigation and win, there is a chance you can come out on top. But it’s going to cost you.

When you sue timeshare companies on your own, the main disadvantage tends to surround capital. In most cases, disgruntled owners are already strapped for cash. Hiring a lawyer to represent your case requires a lot of front end costs. You could find yourself in the hole for thousands of dollars before litigation even begins.

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Like we’ve mentioned in previous articles, most attorneys have no empathy when billing retainers. Whether you have a chance to win or not, they’re going to get paid for their time. While it may be hard to gauge your chances of winning, a well-documented presentation coupled with a proven timeshare attorney will increase your chances. But it still does not guarantee a winning verdict. At the end of the day, a failed personal litigation can be devastating to a single plaintiff.

3. Relief Via Attorney Backed Services.

Taking legal action against the timeshare company may seem like the right thing to do, but it’s a hit or miss strategy. Even the best attorneys in the world struggle to help fractional owners find restitution. Unless they specialize in litigating timeshare contract sales, it’s always an uphill battle. Hospitality conglomerates are well prepared to fight bland accusations and buyer’s remorse. 

In most cases, the only way to walk away from timeshare ownership is to work with a company – equipped with a legal team – that’s already litigated prominent resorts and won. While many timeshare exit services are misleading in themselves, companies like ours have a track record of client satisfaction. We’re not interested in maybe getting you out of your timeshare. We take the time to qualify all applicants in order to cancel fractional ownership for good.

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Although the cost of cancellation varies (depending on your loan and the amount paid off), it’s a mere fraction of what personal or class action litigation adds up to be. Instead of putting together a case and covering endless retainers, you could let go of the burden for a one time fee. You’re able to cease communication with the resort and rest easy while your agreement is processed and terminated. You don’t have to worry about conditional fees or being harassed and stressed by your timeshare. You simply let us do what we do best.

For those of you that think you need to sue timeshare companies in order to repay them for what they put you through, we understand. But you don’t have to put yourself through even more turmoil just for a shot at closure. Wasting a lot of time and money – only to still own the timeshare – can be disheartening to say the least. Sometimes we have to look at things rationally in order to pick and choose our battles. When it comes to timeshare travel, optimism can be misleading.

If you’d like to learn more about our exit services, feel free to schedule a free consultation or proceed with the qualification form below.

Timeshare News Releases Discredit Services That Get Out of Vacation Ownership

Timeshare News Releases Discredit Services That Get Out of Vacation Ownership

For decades now, timeshare companies have been looking for ways to ensure fractional owners stay put. Routine payments allow them to profit tremendously. The problem is, they haven’t been addressing the inconveniences that plague buyers shortly after the purchase. Forcing travelers to adhere to contract perpetuity has boded well for them in the past, but owners are now starting to realize they have rights as consumers. As a result, many look to legally get out of vacation ownership before they throw away any more hard-earned cash.

What usually comes as a surprise to owners is the timeshare’s unwillingness to help them without additional costs. This naturally causes disgruntled owners to look elsewhere for relief. But in most instances, what ends up happening is their desperation gets taken advantage of by third party exit scams. Once they realize they’ve wasted even more capital, they’re not too happy with the resort – and rightfully so. 

Timeshare companies have been known to balk at dissatisfaction while pointing to signed contracts as a rebuttal. To them, it’s just business. But to vacation owners, it can be maddening. It’s rather difficult for them to pay for something they don’t believe in anymore. Especially when tens of thousands of dollars are involved. 

While we wish timeshares would take the magnitude of the purchase into consideration, it might just be wishful thinking. Unless buyers actually have damaging evidence, the resort and its sales teams know how to deflect complaints and distract their users in order to keep payments rolling in. At the end of the day, they can easily create a sense of hopelessness by reminding buyers of the ramifications that come from walking away.

Sadly, hundreds of thousands of fractional owners are currently drowning in their agreements because of this. Aside from an inability to plan the vacation they envisioned, their costs aren’t close to what they expected. The good news is, many of them are realizing that there are ways to legally get out of vacation ownership. The bad news is, timeshare companies are now trying to create fear around all exit solutions, even if they actually work.

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Timeshares Are Using “the Psychology of the Masses.”

Over the past few years, a number major hospitality brands have intentionally been in the public’s view. CEO’s have gone on talk shows, made TV appearances and even started reality shows in an attempt to garner empathy, trust and establish credibility. For whatever reason, a majority of society believes if something is on TV or social media it must be true. Sales organizations know how to use this to their advantage. The fact of the matter is, there isn’t a lot of fact-checking going on these days.

Since timeshare companies have had success misleading the general public in the past, they’re now turning to news media outlets for even more attention. This time, they’re looking to slander all companies that claim to help people get out of vacation ownership. 

While we do agree that something needs to be done about the number of scams in the relief industry, slandering the service as a whole is flat out irresponsible. Especially when they say they’re acting in the best interest of their users. Creating fear around services that help people escape an agreement they were duped into signing is borderline criminal.

How Timeshares Use News Releases to Create Doubt.

When it comes to making negative statements against an entire industry, it’s important to relay all of the facts. While certain elements of exit programs can be identifiable as fraudulent, some things need to be taken with a grain of salt. Just because a prominent timeshare company says you can only get out of vacation ownership through their internal solutions, doesn’t mean it’s true. If you actually do some research, you’ll find that these “solutions” are what eventually drive many people to cancel the contract

The resort isn’t interested in publishing blogs or news releases that explain why they’re facing class action lawsuits or multitudes of user complaints. They don’t want to provide answers and pivot for the best. They’re simply focused on attracting more buyers while slandering everything in between. Even when whistleblowers emerge or the elderly are taken advantage of, they aim to keep the train rolling.

The last thing they want to acknowledge is their own misconduct and our integrity. Just like the timeshare presentation itself, they sure know how to promote the possibilities of their relief programs. Sales teams are good at selling ideas. The thing is, the outcome never changes. As timeshares continue to puff themselves up, here’s how they’re discrediting services like ours.

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1. Scare Tactics Create Uncertainty About Cancellation.

In order to paint a picture of uncertainty surrounding timeshare cancellation services, resorts know they need to be proactive. They want to come off as a corporation that protects its users. This gives buyers no choice but to only reach out to the timeshare company out of fear. If they already believe exit companies have bad intentions, the purchase will have to really get out of hand before they think about contacting a third party

In addition to public news releases on their website (and other random online publications), summaries with links to the articles are emailed to current owners. The more news that owners receive about timeshare cancellation scams, the more likely they’ll stay away from external relief. Even if they’re dissatisfied with the resort, routine news releases subconsciously reiterate how costly trying to get out of vacation ownership on their own can be.

Scaring people from canceling their timeshare is done in a number of ways. But rarely do resorts publish accurate information or reference credible sources like the FTC, BBB or the Attorney General. Most of their content is bias and purposed to persuade in their favor. It’s why a lot of their publications pertain to “what not to do.” It’s also why expert timeshare analysts don’t reference the content they promote.

If you read between the lines, timeshares are covertly telling consumers to avoid cancellation and to trust them. They don’t actually provide proof of why you should or even explain how their “solutions” benefit buyers. They warn readers about sharing timeshare information and claim nearly any type of payment is a red flag. When in reality, their relief requirements, fees and outcomes are far less advantageous. It’s deflection at its finest.

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2. They Like to Leverage Lawsuits and Legal Accusations.

There are always a number of layers when it comes to the sales strategies of timeshare operations. They know that opinionated articles lacking credibility don’t carry a lot of weight. What does, however, are lawsuits. So whenever they have the chance to showcase the deceit behind an exit scam, they do. It’s an “I told you so” approach that reaffirms their warnings and furthers the credibility of their reasoning. But it’s not the only way they’re twisting facts.

A number of major timeshare chains are now filing their own lawsuits with baseless accusations. They feel as though cancellation companies are soliciting their customers. But they continue to ignore the simple fact that buyers are desperately looking for a way to get out of vacation ownership. While legal pursuits of fraudulent companies has proven fruitful, some of their accusations are for mere exposure.

While the initial details of pending cases or legal accusations are available to the public, it doesn’t always mean the plaintiff’s claims are accurate. What timeshare companies are doing is trying to damage the reputation of successful cancellation services by making public attacks on their credibility. They want nothing more than to paint a picture that all exit companies harass their users.

Most Claims Aren’t Even Valid.

Pursuing a lawsuit and writing about the supposed misconduct allows them to say, “I told you so” once again. The problem is, many of these claims end up costing them. If you actually follow the lawsuits (and not just read their publications), you’ll clearly see that it’s simply a strategic loophole for defamation without consequence. A majority of the claims filed are thrown out by the judge. Whether the lawsuit is settled prior to litigation, won or lost, timeshare companies know they can control a biased and baseless narrative when the truth is omitted.

We’re pretty sure most timeshare companies are waiting for us to give them an opportunity to deconstruct the reputation we’ve worked so hard to build. One of our contracted attorneys is already clearing his name after false claims were publicly made against him. Why, might you ask? Because he was successfully helping timeshare owners. They wanted to discredit him before people heard that he could legally help them get out of vacation ownership.

Understanding the Deception.

It doesn’t take a lot of thought to understand how they’re attempting to deceive. As you all know, nearly anyone can file a lawsuit with gut-punching claims. For example, saying your neighbor poisoned you because you asked them for milk when you’re lactose intolerant is a stretch. But if you go on the news and give the public a reason to believe your neighbor wanted to kill you, then you’ll probably gain favorable support. In reality, you’re refusing to take responsibility for the result by blaming someone that was simply trying to help.

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Have you ever turned on the news and found yourself rooting for someone’s accusations, only to later find out they were lying? Some people never follow cases like this, but the defendant’s claim resonates with them. It could cause them to fight for something in their own life or hold a grudge against a certain group or organization. Even when the facts aren’t present, the outcome can be withstanding. No matter the legal outcome, timeshares want to control this narrative.

Since a plethora of fractional owners eventually look outside of the resort for help, timeshare organizations want the public to think that quality resolutions (something they don’t offer) are the reason why people end up opposing the purchase. But buyers are in opposition because trust has been lost and the resort doesn’t want to take responsibility for it. This is eerily similar to the lactose intolerant example because they’re blaming someone for the disdain they caused. 

They believe the act of legally terminating timeshares works against their “solutions” – and they’re right. That’s because they’re only focused on keeping buyers under contract so they can throw more money at something they can’t use and no longer wish to own. Companies like ours are messing with their money and they want people to question and fear the intent behind our services. 

3. Proposed Timeshare Bills Can Also Be Misleading.

If you haven’t picked up on it yet, news releases can be used in multiple ways to sway perception. But if you’re a timeshare owner or potential buyer, nothing is more frightening than timeshare organizations dabbling in politics. One of the ways developers are attempting to loosen the chain of industry regulations is by altering the law. Earlier this year, a bill was proposed to further limit buyer’s rights to cancel. Aside from shortening rescission periods, it also aimed to force owners to use the resort for relief options.

Although the attempt was to eliminate third party relief altogether, the most disturbing element was how they promoted the bill. They claimed the intent was to improve the timeshare experience and give buyers a chance to enjoy the purchase with their “solutions.” They really wanted consumers to think they were thinking of them. In truth, they just didn’t want them to get out of vacation ownership. 

The same approach played out in Arizona when timeshare developers batted the state’s proposal to give buyers more time to change their mind. Tons of articles and spin offs were written in an attempt to persuade owners it wasn’t in their best interest. But how does an extended trial period hurt consumers? How will further limiting buyer’s ability to cancel something they regret change the perception of the industry as a whole?

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Not All Timeshare News Releases Are True.

The timeshare industry has been cloudy at best and we can all agree skepticism is prevalent. Similar to politics, it can be pretty difficult to decipher the truth. It’s why consumers need to take the time to inspect claims and research the companies they do business with. No matter what’s being published, there’s always an intent behind it. If you stick to the facts, the truth will rise to the surface on its own.

Listen, we know that a majority of timeshare relief programs are fraudulent. But we also understand how many fractional owners feel. That’s why we do our best to publish factual information while eliminating bias. Although it may seem like timeshare companies have good intentions, it appears they’re only interested in instilling fear by controlling the narrative. 

Just because a neighbor’s dog bites you doesn’t mean you’ll win a lawsuit against the pet’s owner. Especially when you tortured and provoked the dog for years. You can make the pup out to be the aggressor, but if you keep antagonizing animals you’ll probably get bitten again. This repetitive cycle will eventually catch up to timeshare companies as well. In the meantime, we’ll continue to follow the rules and remain willing to listen when unhappy buyers call.

If you’re wondering about the legitimacy of a news release and how it might affect you, make sure you allocate the source. It the message derives from the resort and no other consumer protection agencies comply, then it’s just an attempt to control the narrative. If you’re interested in learning how you can get out of vacation ownership, we’d be more than happy to help. We don’t believe in pressuring you to cancel and will always locate the best solution.

Why Companies That Exit Timeshare Contracts Are Being Discredited.

Why Companies That Exit Timeshare Contracts Are Being Discredited.

Just when you think the demand for timeshare travel is beginning to dwindle, the industry bounces back and profits in a big way. For nearly 60 years, developers have been able to overcome the obstacles of their business model and continue competing with other travel options that threaten their existence. They don’t want buyers to know they can legally exit timeshare contracts if they wanted to. For the most part, their tactics to overcome have been at the buyer’s expense.

Those looking to enjoy a piece of paradise every year are usually set back by the reality of their purchase. After spending more money in an attempt to improve the experience, many owners feel as though they have no choice but to seek outside help. No matter how hard they try, buyers struggle to escape the clutches of their agreement – and the resort could care less.

Timeshare Companies Are Predicated on Profits.

Instead of finding a way to subdue their customer’s grief, hospitality giants proceed by submerging them in expenses. Timeshare companies believe this is fair. They believe a lack of disclosure is the consumer’s mistake. In most cases, they want them to feel this way. As if letting down everyone else that planned to use the condo wasn’t enough weight on their shoulders. The letdown is real and most buyers are willing to do what it takes to make the purchase worthwhile. But after a while, hope is lost.

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While timeshare companies go above and beyond to place the blame on external forces, buyers know where the mistake began. They end up racking up a lot of debt just trying to relieve themselves of the burden. Predatory relief scams simply make matters worse, they’re not necessarily the root of the problem. The industry is flooded with scams but it has always been predicated on deceit with the intent to make an awful lot of money.

This is why vacation owners exit timeshare agreements. They’re not unhappy because they were scammed when trying to get out of the agreement. They’re disappointed the perpetual contract remains. Sadly, timeshare companies are doing everything they can to control the narrative and persuade their owners that the purchase contract isn’t the problem. Anything to take the focus off the real reason why their buyers are dissatisfied.

Companies like ours, that are actually helping fractional owners escape the ongoing financial burden, are a threat to the existence of timeshare travel. Because of this, timeshare companies now feel the need to slander exit services in general. Apparently, this is the new strategy for sustaining their business model. Keep in mind, this approach still doesn’t take into consideration their high paying customers.

Hospitality Giants Know What They’re Doing.

Over the years, the leaders of major hospitality conglomerates have provided insight on their growth tactics – and rarely do they ever pertain to buyer satisfaction. During an interview with CNBC in 2017, one CEO went on the record saying, “You need to have new people as owners, allow them to experience timeshare, and then they’ll probably buy more.”

In other words, the despair of a fractional owner spells an up-sell opportunity for the resort. Think about it. If you own a timeshare, you’ve probably experienced letdowns such as availability issues, unexpected fees or other failed promises. When you call customer service for help, an upgrade is more than likely presented to solve your problem. Contractual obligations don’t really give you much choice but to upgrade in order to enjoy.

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Ironically, timeshare companies claim that additional spending is fueled by satisfaction. “More than 50 percent of people end up buying more timeshare,” said the same CEO. But people aren’t exactly calling in because they love the purchase and want to “buy more.” The implication that buyers are satisfied is extremely deceptive. It tells you all you need to know about the tactics behind timeshare travel. It also explains why the CEO went on to say, “We need to get that new flow.”

Even when owners aren’t trying to resolve dissatisfaction, they’re often pressured into upgrading during mandatory owner’s update meetings. Truth be told, timeshare companies are designed to trap consumers in perpetuity so the resort can continue billing for legal obligations. The more intervals they sell, the more money they make. “We moved more to just the upgrade model, now we’re swinging back towards the new owners.”

Resorts Are Trying to Control the Narrative. 

Because of the legitimate options today’s buyers have to exit timeshare contracts, developers and their CEO’s know the window to legitimize fractional ownership is closing. Nearly all timeshare revenue is allocated for sales and marketing instead of resort maintenance or amenities. They’ve been playing this “oversell and under-deliver” game for decades now. Aggressive sales tactics have been the prerequisite for high profits and overcoming setbacks. 

At the same time, they know if they’re unable to sign up more owners, the demise of the resort is inevitable. Even if they force current owners to carry the load, it’s not sustainable. The best way for them to hold income hostage is to discredit companies that actually know how to exit timeshare contracts.

Since the current narrative of the timeshare industry surrounds dissatisfaction, resorts are desperate to take the attention off of themselves. Especially when people are scammed because the resort failed to satisfy them. This is why timeshare companies are now trying to discourage owners from communicating with any type of third party timeshare relief program. Scam or not, they’d rather control the narrative.

Leading the public to believe they have their own competent solutions in place allows them to blame buyers that turn their back on the resort. Besides, they can’t afford to keep losing their customers. Many consumers are starting to believe this narrative. Sadly, many blame themselves. Some simply don’t know what to believe anymore. This is why they need to be educated on how to decipher facts from misinformation.

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Exposing the Narrative Against Timeshare Exit Companies.

Timeshare companies know how difficult it is to close potential buyers. Their aggressive sales tactics have been well-documented over the years. The internet now provides consumers with in-depth stories about buyer’s remorse and a plethora of complaints regarding scams. People in general have become more aware of sales-heavy approaches. Because of this, developers know they have to double down on acquisition while maximizing the profits from their current owners.

Another quote from the same prominent CEO speaks volumes on how timeshares go about selling their intervals. “The [timeshare] purchase price is not what it would be to go buy a cup of Starbucks, so you’re talking about a $20,000 purchase price. You need to get people really interested and engaged to take that step.” In other words, this is a lot of money, so we have to do a really good job selling value initially.

The problem is, they’re not focusing on the experience. All of the efforts and capital is funneled towards misinformation, distractions and omitted information. The entire system is a sale and reasonable solutions don’t really exist. In the end, they simply want buyers to stop trying to get out of the timeshare and make the most of what they signed up for by upgrading. While some people find satisfaction this way, it’s not ideal for everyone. Especially when they were expecting something at a specific price tag.

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Bad Exit Companies Mirror Timeshare Sales.

Reputable companies that exit timeshare contracts are nothing but a threat to the industry as a whole. While it’s not our goal to end the travel option altogether, we do believe consumers deserve to hear the truth. Even though a multitude of scams do exist, not all companies that exit timeshare contracts are cons. It may seem like the timeshare company is looking out for your best interest, but they really just don’t want to see you go.

The most interesting thing about their attempt to discredit timeshare exit solutions is the simple fact they’re warning owners about the same tactics they use. Fraudulent operations tend to follow the same roadmap that the initial sales presentation. This is because most exit companies are founded by someone who used to work in timeshare sales. 

After being trained by state-of-the-art sales programs, they usually leave with a stolen list of owners to solicit. They have no idea what they’re doing and tend to be quickly exposed. Going public and attacking all companies that exit timeshare contracts because of a few bad apples that they trained is disheartening. But, again it doesn’t surprise us.

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You Can Legally Exit Timeshare Contracts.

The industry has thrived for over half a century and they’re not going to give up without a fight. For those really looking to exit timeshare contracts, don’t be discouraged. While it may seem like your dissatisfaction isn’t being heard, you’re not alone. 

We publish weekly articles to help timeshare owners understand what they’ve gotten themselves into. We’ve found that the more informed they become, the easier it is for them to find a solution that works. We’re not here to sell you on cancellation, rather stand up for the services we render with an honorable approach. 

Since we actually care about the consumer, we don’t have to spend millions of dollars on sales and marketing to persuade them. For more information on our attorney-based cancellation services, feel free to schedule a free consultation or proceed with a qualification form below.

Can Vacation Owners Exit Contracts With a Timeshare Settlement?

Can Vacation Owners Exit Contracts With a Timeshare Settlement?

Every year, the tantalizing nature of timeshare presentations lead thousands of consumers to believe they’ve bought into a fraction of paradise. Sadly, a good portion of these fractional owners quickly find out the mirage-like purchase isn’t quite what they expected. What makes life even more difficult is their inability to exit the contract they signed. While you might be thinking a timeshare settlement will force the resort to surrender, it’s important that you fully understand what you’re up against.

First of all, if you haven’t already noticed, it is extremely difficult to get out of a timeshare. A majority of buyers try to negotiate with the resort to make the purchase worthwhile only to find themselves enslaved by additional contracts and the same dissatisfaction. Even when owners turn to third party solutions, they have a hard time finding an ethical service that actually cares about relieving them of their timeshare woes. Hopefully you haven’t had to pay a few rounds of upfront costs without resolve in order to realize a bulk of the industry is purposed to keep you under contract.

Why is it Difficult to Get Rid of Timeshares?

In order to persevere through the deceit and come out on top, fractional owners need to understand why it’s so difficult to exit timeshare contracts. Once you’re locked into an agreement, you’re nothing more than residual income and an up-sell opportunity to the resort. To them, your decision to buy is a gift that keeps on giving. If you think they’re just going to let everyone with regrets walk away, think again. For the most part, they own all the leverage.

At the same time, the timeshare’s income statement isn’t the only thing impacted every time vacation owners exit contracts. One of the many ways resorts collect from their buyers is through annual maintenance and assessment fees. When one high-paying customer is relieved of their agreement, the remaining high-paying customers pay for it. They’ve kind of learned how to operate with their best interests in mind even when a timeshare settlement occurs.

Since most buyers already question the makeup of annual fees, they’re never happy when the total amount due continues to rise. When coupled with other frustrations, it may be the tipping point that motivates them to dump their contract too. This is the last thing timeshare companies want. The problem is, they end up focusing more on collecting payments than providing a positive experience.

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Timeshare Companies Usually Balk at Settlements

Financial hardships or dissatisfaction by the consumer isn’t as important as the livelihood of the timeshare. Especially when grumblings by owners place its future at stake. You have to remember that timeshare companies are built to trap their buyers. They’re in business because of their ability to sell, not serve.

Unless you have proof of being misled during the presentation, you’re more than likely stuck without a legal advantage. At the same time, we don’t want to discourage you or tell you a timeshare settlement is unattainable. If you’re in a position where you find yourself at odds with the vacation conglomerate, then we’d like to help you reach your goal of parting ways. So, here are a few things you can expect and some of the outcomes that can transpire.

What to Expect Before a Timeshare Settlement.

If you’re going to pursue a timeshare settlement then you have to understand that the opportunity to do so probably won’t surface until the resort is put in a position to offer one up. This normally takes an extensive amount of documentation. For example, if you’re literally unable to make anymore payments, you have to be able to prove it. But not just one time. You’ll probably have to repeatedly plead your case until someone hears you out.

Once someone begins to listen, you can’t let your guard down. You must realize the inevitable goal of the call, for them, is to persuade you to stay. Even if the salesperson seems genuine, expect to be put through a retention process that’s focused on sales. Upgrade options and additional perks will be offered to you as “solutions.”

Timeshare Companies Like to Dictate Solutions

No matter how far you get in the process, it normally ends with the resort asking you to satisfy your outstanding mortgage before they do anything. Even after you do so, they request further payments to finalize the timeshare settlement. It can be maddening to believe you’re making progress only to find yourself back at square one. This is why you’ll need to make a scene before anyone will take you seriously. Owners that let the resort continuously dictate outcomes typically find themselves making irrational decisions out of desperation.

Anything and everything you say can and will be used against you. When you mean what you say and remain in control of the timeshare settlement then they’re forced to acknowledge your demands as valid. The total expense of fractional ownership can easily outweigh the mortgage. In their eyes, you’re eliminating decades worth of annual fees, taxes and other revenue streams. Their idea of a settlement may be totally different than yours. That’s why you must get them to understand it’s in their best interest to meet in the middle and move on.

Approach a Timeshare Settlement Confidently.

Think of it like handling a credit card debt. No bank willingly forgives a debt because someone lost their job and can’t pay. They have a well-oiled collection machine in place to stress you into continued payments. They always seem to find a way to profit from someone else’s inconvenience. Well, unless they have reason to believe a costly legal process could ensue if a timeshare settlement isn’t reached. Filing a legal action to recoup losses is expensive and they know their attempts may fail. Once your threats are taken seriously, it’s very likely they’ll take what they can get.

At the same time, don’t count your chickens before they hatch. Timeshare companies usually have a few tricks up their sleeve. At the end of the day, they are creditors that you owe money to. Expect them to act the same way collection agencies do and try to collect as much as possible. Realize you’ll be very lucky to settle with them for free. But if you’re one of the few that obtains a reasonable response from the resort, it’s important to understand how to negotiate with them. One wrong move can reset the process.

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Accepting a Reasonable Timeshare Settlement.

If your efforts result in a proposed settlement, try to mull it over with an open mind. Also try to leave your emotions out of it. Unless you have some serious dirt on the resort, you’re not going to get everything you ask for. The main thing you want to look for is some sort of language in the contract that relieves you of past, present and future financial obligations. While there may be some terms that benefit you, realize the timeshare probably does too.

During the sale, buyer possibilities are often highlighted more than actualities. This causes many to feel violated once they see what they actually signed up for. Some of our clients find contract details relating to future payment obligations and even charges based on a percentage of their principal mortgage balance. 

Even if your signature waives the resort of any wrong-doing (or forbids you from suing or joining a class action lawsuit against them), a timeshare settlement is worth considering. Many buyers have already spent countless hours fighting the resort and other third party scams with nothing to show for it. They reach a point where there are willing to pay whatever just to eliminate the toll it could take on their credit.

While the agreement may not be ideal, the opportunity to settle and move on doesn’t happen often. For those willing to walk away from the timeshare out of principle, ask yourself if it’ll be worth the credit damage, collection calls, threats, late fees, deficiencies and judgements relating to lawsuits and other legal bills? If so, make sure you’re prepared to face the inevitable. But if you simply think the timeshare settlement is unfair, don’t forget you can always counter their offer. Although it’s very risky, it could work out in your favor.

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Countering an Unfair Timeshare Settlement Offer.

What usually discourages owners from settling is a requirement to pay a fee equivalent to 1-5 years worth of maintenance fees and other surcharges. This is the resort’s attempt to cover costs while finding their next unsuspecting buyer through an incentivized solicitation. It can definitely be a tough pill to swallow, especially if you’re current on dues and the timeshare mortgage is paid off.

Because of this, it’s important to think logically before you proceed with a counter. You already have their attention and there’s no need to react emotionally and ruin your chances to get rid of the timeshare agreement. Remember, they are holding all the leverage with your signed contract. They can change their minds at any time. If you’re too aggressive, the timeshare settlement that’s on the table could increase or expire altogether.

Understand that the department handling your settlement acts similar to that of a third party collector. They have every right to rescind any offer if you offend them. They aren’t required to settle with you and removing names from the timeshare deeds, memberships or right-to-use contracts isn’t on their list of priorities. If they choose to collect a larger amount and create a sense of urgency for you to pay with stricter deadlines then there’s nothing you can do.

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However, if you believe the timeshare settlement isn’t reasonable and you’re prepared to walk away without making payments then go for it. If you can force the timeshare into a position to render their proposition by ceasing to comply with the financial aspect of the ownership, it’s definitely worth considering. 

Declining an Unreasonable Timeshare Settlement 

Refusing an offer to exit vacation ownership can be tough. But sometimes, the proposition just doesn’t make sense. Your reason doesn’t have to be about money, we understand your stance on the principal of it all. However, before you reject a timeshare settlement out of pride, make sure you’re 100% okay with turning down an unusual opportunity to walk away in an amicable manner. It’s only going to get more ugly from here.

If you’re confident in your denial, then you’ll need to be prepared for some harassment from  collectors and backlash from the timeshare company and its employees. While walking away can be risky, some owners simply realize they need someone to help them with the timeshare settlement. This is where we come in. It’s the first thing our attorney based cancellation service provides is a settlement attempt.

Every week, we process hundreds of inquiries by disgruntled timeshare owners. We understand your reasoning and why you’re firm on your demands. You only want what’s fair and you deserve it too. With that being said, try to put your emotions aside and look at the big picture. Weigh your options and truly make an informed decision that benefits your quality of life moving forward.

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While we do specialize in terminating timeshare agreements, we always encourage buyers to do their best to reach an agreement with the resort. Diligence and patience can be invaluable during this type of scenario. When our clients are unable to settle with the timeshare on their own, the first thing we do is take over the process. We always have our client’s best interest in mind and an amicable timeshare settlement is always the best solution. 

Concluding the Thought of Settling with the Timeshare.

Despite the straightforwardness of a timeshare settlement, there is one last thing you’ll want to consider before agreeing to anything. If you’ve financed maintenance dues or any portion of the original purchase through a third-party, then your obligation will remain with those lending institutions.

Often times, new owners are unknowingly signed up for third party financing on a branded timeshare credit card through Barclays or Comenity Bank. If you have a branded card, just flip it over and the financial institution will be listed on the back. This is separate from any settlement with the resort and you’ll need to manage this as well.

No matter what you decide to do, it’s always advantageous to have an experienced professional run through the terms of the settlement with you. Access to someone well-versed in communicating previous settlements with the same resort can be extremely fruitful. This blog is only the tip of the iceberg.

If you are unable to obtain a release from your timeshare, our cancellation services can help with everything mentioned above and more. We take pride in helping vacation owners exit contracts with clarity while being honest with them about their options. To learn more about our team and our client’s satisfaction, you can schedule a free consultation or proceed with a qualification form below.

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