Should You File Bankruptcy to Eliminate Timeshare Debt?

Should You File Bankruptcy to Eliminate Timeshare Debt?

For the most part, timeshare ownership is believed to be a cost-saving, enjoyable purchase that’s fruitful year after year. Nobody signing the dotted line expects anything less. While a satisfactory experience does play out for some buyers, the exact opposite occurs for others. When disgruntled owners give us a call to talk about their regret, a common question they ask is if they should file bankruptcy to eliminate timeshare debt. While we believe this is an irrational take, we have to understand why they’re willing to take such desperate measures to get out of a timeshare agreement.

How would you feel if you thought you bought a $20,000 timeshare then later found out at the time of the mortgage maturity it was actually going to cost $55,000 due to annual fees, interest and taxes? What would you say after realizing your annual payment obligations continued for life, even after you paid off the timeshare mortgage? How would you feel if you couldn’t book your desired location, time or even something comparable to what you thought you were paying for? Let’s just say emotions run pretty high once buyers recognize the ploys. What makes matters worse is the simple fact that a majority of solutions are meant to keep timeshare owners trapped in their contract. 

Once they make a decision to pursue some form of relief, they’re commonly ripped off by 3rd party agencies that prey on their vulnerable state. Whether or not they’ve attempted to sell the property or legally get out of the timeshare contract, failed attempts to escape fractional ownership can create uncertainty – which may create even more vulnerability. When owners become driven by their emotions, they become even more susceptible to scams that specialize in deceit.

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We Want to Help Fractional Owners Avoid Bankruptcy.

Aside from a number of devastating financial blows, these real-life experiences cause some timeshare owners to believe extreme measures are necessary. Because of what they’ve been through and all of the relief scams that flood the market, timeshare cancellation is rarely viewed as the logical solution. But it most certainly is. They just have to put the time in to find a company that actually knows how to get out of timeshare contracts and cares about their quality of life. This starts with an ability to identify scams and unfavorable outcomes, like bankruptcy.

Knowing that some fractional owners file for bankruptcy with the hopes of escaping the clutches of timeshare ownership is disheartening. Consumers should never have to think about taking such a blow just to eliminate their sense of hopelessness. But you can’t really blame them. Even though most owners aren’t interested in legally canceling their agreement, we want to help them understand why they shouldn’t file bankruptcy to eliminate timeshare debt. 

If we can reach one person on the verge of making a life-altering decision, it’ll be worth it.

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Is Filing Bankruptcy Over a Timeshare Worth it?

When a fractional owner starts throwing around the term “bankruptcy,” it’s pretty obvious they’ve gotten in over their head. It’s not something that’s commonly brought up in the timeshare industry until threats of a foreclosure are involved. Based on the conversations we’ve had, financial hardship is rarely the reasoning. It’s the feeling of entrapment and mistrust that provokes their desperation to get out from under the timeshare constraint.

Many don’t even know if they would qualify to wipe out the existing debt of the purchase. They simply want to stick it to the resort. While speaking to a lawyer about the legal process could be helpful, expecting a legal teams to consider your best interest is risky. If timeshare owners were to take the time to really think about the decision, would they really file bankruptcy to eliminate timeshare debt? Are they willing to deal with possible embarrassment and endure purchase limitations for the next 7-10 years?

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Most people wouldn’t deem this a viable solution if they knew the facts surrounding a quality timeshare exit strategy. This is why it’s so important that you speak to legal counsel with experience with timesharing. Our timeshare cancellation services aren’t temporary fixes, we use an attorney based process that actually terminates your future obligations. It’s important to understand that bankruptcy could potentially be a temporary fix as it only eliminates past debt, not future debt. After speaking with a few of our contracted attorneys, we’ve compiled some additional reasons why it’s a bad idea to file bankruptcy to eliminate timeshare debt.

Real Attorneys with Real Outcomes for Timeshare Bankruptcy

Diving off the deep end before you know how to swim or what’s in the water is a bad idea. Educating yourself on the actualities of filing for bankruptcy is an important step that should be completed before consideration presumes. There’s no need to waste time on the pursuit of a bankruptcy claim if it’s clearly unrewarding. With that being said, here are some questions our partners wanted timeshare owners to chew on:

  • Do you want to accept the risk of having an inability to obtain a loan for the next 7-10 years because you filed for bankruptcy? Your ability to finance a home, motor vehicle or even a computer can be hindered due to this decision. If you’re willing to endure anything to get rid of a timeshare then there’s no reason cancellation methods should be out of the question. If you’re being stubborn due to an unfortunate encounter with an ineffective exit team, then ask yourself if protecting your pride and limiting your credit is more important than moving on for good.
  • Does your income even allow you to file for Chapter 7 Bankruptcy? A lot of time and money can be wasted on a claim if you’re not even sure you can wipe out the timeshare purchase. By proceeding with the process uninformed, you may find out that you only qualify for Chapter 13 Bankruptcy. This requires you to pay all or a partial amount of the debt over the next 3-5 years. Undesirable results can be the result if stubbornness is involved.
  • If you decide to proceed with a Chapter 7 filing and you don’t have a structured payment plan such as Chapter 13, will any of your assets be at risk? While you might successfully file bankruptcy to eliminate timeshare debt, your failure to make payments can be rather detrimental. Is there a chance you could lose your home with equity? If so, is this worth the risk to you?

Escaping a timeshare contract with a bankruptcy claim may seem advantageous to you, but it’s not as simple as you might think. While many people use bankruptcy as a way to start over, their decision usually surrounds a large failed business investment. Most people in this position aren’t left with much of a choice. Hitting the financial reset button because you feel trapped in your timeshare and are determined to get out is never a good enough reason. Especially when there are professional companies out there that truly care about helping you move on with your life.

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Our Contracted Attorneys Have Additional Timeshare Advice.

While the above questions should really help you determine if you should file bankruptcy to eliminate timeshare debt, our legal partners mentioned a few more things you need to know. 

  • Filing bankruptcy does allow you to wipe out old debt with the timeshare company, but you’re still responsible for future contractual obligations. In other words, your future debt will not be discharged and you may be required to pay for annual maintenance fees, taxes and other special assessments that accrue.
  • Timeshare bankruptcies will stop collection attempts and the harassment from the resort for old debt, however we provide an alternative option that inevitably blocks your timeshare company as well as third parties. Terminating the contract with a timeshare cancellation company like ours allows you to cease and desist communication while eliminating future obligations.
  • While bankruptcy may solve your current problems, there is a chance your heirs may run into inconveniences. Again, since the contract is perpetual (forever binding), it’s hard to tell who the timeshare company will come after for their losses.

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Eliminating Timeshare Debt Doesn’t Have to be Complicated.

At VOC, we take pride in offering professional services that consider the owner’s experience leading up to their decision to contact us. Unlike most exit companies in the timeshare industry, we make sure potential clients don’t feel pressured to get rid of timeshares. There are always additional ways to try to work things out with the resort.

If you feel as though you’ve tried everything and you’re ready to cancel your timeshare, we’d be more than happy to offer you a free consultation. In the meantime, we hope this article helped you understand why you should never file bankruptcy to eliminate timeshare debt. In the end, terminating the agreement for good will inevitably help you move on.

Benefits of Hiring a Proven Company to Legally Terminate Timeshare Contracts

Benefits of Hiring a Proven Company to Legally Terminate Timeshare Contracts

As of late, companies that legally terminate timeshare contracts have been placed under the microscope. More and more fractional owners are becoming wary of these types of businesses and rightfully so. While a good number of them insist on trekking forward with unethical intentions, our approach to timeshare termination has remained the same. Instead of investing in pressure-filled tactics that persuade unhappy buyers to cancel their agreements, we’ve committed to educating consumers on what they can expect from vacation ownership.

More often than not, timeshare owners are sold on resort solutions and exit services that just don’t provide them with any value. An emphasis selling and closing has become more important than customer satisfaction and the buyer’s experience. This has caused quite a bit of bitterness and distrust throughout the travel industry. Justification and finger-pointing-sessions have left owners without much to believe in. It’s one of the many reasons the outlook of timesharing remains in a constant flux. 

While the inconsistency of the purchase has travelers looking elsewhere for vacations, the unpredictability of timeshare termination has owners looking to legal teams for relief. Once the purchase is deemed a mistake, many buyers immediately believe that hiring a litigation attorney is their most logical solution. But as we discussed in our last article, embarking on a legal battle can be devastating if you’re claims are vague. Suing the timeshare is extremely risky when you don’t have a bounty of evidence and a lawyer that specializes in timeshare litigation. But all hope shouldn’t be lost if you can’t stick it to the resort with a lawsuit. There’s nothing wrong with legally walking away and moving on.

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Ultimately, your ability to successfully get out of a timeshare depends on who you choose to help you. If you find yourself trapped in vacation ownership, the best thing you can do is hire a proven company that takes pride in providing quality timeshare termination services. But in order to find a business of integrity, you have to know how to look. 

Since the thought of navigating timeshare exit fraud can be intimidating, we thought it’d be beneficial to expand on the characteristics of quality timeshare relief. Once you understand the advantages of hiring an attorney based company, like ours, you’ll realize the choice to legally terminate timeshare contracts isn’t all it’s made out to be.

1. Receive Full Disclosure Regarding Timeshare Relief.

When it comes to defining a quality relief program, disclosure is the most valuable trait. Quality operations take pride in explaining all of the options fractional owners have at their fingertips prior to reviewing the timeshare termination process. At VOC, we believe potential clients deserve to know there are opportunities to work things out with the timeshare company. But they need to know how to exhaust their efforts or they could end up making things worse. 

Proven companies make time to educate owners on things the resort may pitch as a solution. They don’t smear or discredit other 3rd party services. Those with integrity simply explain the facts. Educating potential clients on all relief options, as well as past and present scams, helps them understand the pros and cons of every choice. Aside from providing clarity amidst their distress, quality termination companies are transparent with owners which allows them to build rapport. At the end of the day, we’re all on the same team and have the same goal.

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At VOC, it’s important that unhappy buyers feel comfortable talking to us about their purchase. We want to ensure they can trust that we’re not going to pressure them into terminating the timeshare agreement prematurely. If they have a desire to cancel, the have to be confident in our process and the staff that manages it. Trusting the end result is a lot easier when doubt is eliminated on the front end. Establishing and sustaining a positive relationship throughout the experience is a huge advantage for not just the owner, but everyone involved.

2. Timeshare Termination Experience is Invaluable.

Over the years, we’ve been able to relate well with timeshare owners because of the amount of time we’ve spent getting to know previous clients. Often times, there’s an element of misinformation or deceit that has affected the buyer. Learning more about how they’ve been persuaded in the past helps us present them with ways they can avoid further letdown. Asking the right questions and organizing the facts also helps us paint a clear picture that points to the best escape route. But an intimate understanding of where our clients are isn’t the only thing proven organizations should bring to the table.

The timeshare industry is always evolving. Buyouts, bankruptcies and mergers can be confusing for many owners. These changes, for the most part, come at the buyer’s expense. While some people just need help navigating the arena, others have found their timeshare to be useless after pastime enjoyment. Not every relief company has the knowledge to provide assistance in these situations. Since owners are continuously mocked by timeshare representatives while their fees increase, they deserve an experienced outlet to turn to.

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Look, we believe a certain level of competency is required to legally terminate timeshares. It’s not exactly something everyone can do at a high level. Just because an attorney has real estate experience, it doesn’t mean they’re equipped to get you out of a timeshare. Just because someone promises to eliminate your obligation doesn’t mean they can or will help you in the aftermath of exiting your timeshare.

Some Companies Claim to Legally Terminate Timeshares But Never Stop Selling.

A proven company will never shy away from putting their experience on display. Their credibility is important to them and it should be to you. Inexperienced operations tend to specialize in excitement and disillusion. While establishing rapport may be easy for scam artists, validating their reliability is another story. This is why we like to put our experience to work for the consumer.

Think of it like hiring a tax specialist instead of preparing and filing taxes on your own. People in this profession eat, sleep and breathe their competency. It’s what they’re best at. Families and businesses often become susceptible to tax penalties or realize money’s been left on the table after filing themselves. Using a CPA can save them an awful lot of time, money and even grief. While any tax professional is an improvement over DIY, their level of experience is always considered during the selection process. After talking to different CPA’s, you can usually tell who’s more experienced. If the price was the same, why would you ever go with the inexperienced option?

The same should be considered when selecting a timeshare cancellation company. Our founding partners came from the travel industry and used to specialize in providing a travel solution that was in direct competition to the timeshare industry. They saw first hand how timeshare companies were taking advantage of buyers and developed a passion for helping them. The driving force behind VOC has never been money.

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If you analyze our company makeup, all legal processes and documentation derive from real estate litigation and class action success in the timeshare realm. Each of our contracted attorneys also has extensive litigation experience within the timeshare industry. We believe this proves to consumers that we’re competent and reliable in our ability to legally terminate timeshare contracts. It’s important to us. We only care about creating advantages for fractional owners and we’re not interested in additional revenue streams that take away from our client’s experience. Hiring a company with this level of experience and standards is invaluable.

3. Be Prepared for the Aftermath of Your Decision to Cancel.

Many people don’t realize how overwhelming terminating a timeshare contract can be. But it’s not always because exit companies are aggressive and demanding. The backlash from the timeshare itself often bombards those looking to get rid of the purchase. Scare tactics are commonly used by the resort so timeshare owners will change their mind or second guess their judgement. The abolishment of a perpetual agreement that’s set to pay them tens of thousands of dollars over the next few years isn’t something they take lightly. 

If a timeshare owner isn’t prepared, they can easily be swayed back into the prison cell of their agreement. Sadly, many on the verge of timeshare freedom are sucked back in by another “can’t miss” offer that inevitably falls apart. Keeping clients focused on the end goal is a big responsibility for timeshare exit companies. The good ones are able to guide owners through the muddy waters.

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Once the resort knows one of their owners is working with a reputable termination company, they’ll likely do what they can to make the process difficult for you. Timeshare employees have even been known to make threats for the sole purpose of earning a commission to retain a disgruntled owner and keep them in compliance with paying mandated, increasing fees. Collection attempts and judgement claims can be a big distraction to owners. The ability to anticipate deceit and block malicious attempts is extremely beneficial to those looking to cancel. 

Aside from full disclosure on the front end, we focus on legally protecting our client’s rights while battling anticipated harassment from the get go. Not only do we communicate with those looking to further mislead them, we react to the backlash of the overpowering resort. Any company that says they can legally terminate timeshares should be able to do the same. The aftermath of the decision to cancel can be disheartening when owners are forced to face it alone. Communicating what they can expect and shielding them from the abuse is a pivotal characteristic of a quality relief company. Who wouldn’t want assistance here?

4. Proven Companies Have an Abundance of Resources.

A number of resources are required when it comes to successfully terminating timeshare agreements. It’s why so many exit companies fail. Competing with timeshare conglomerates is tough to do when you’re a small operation or start up business. Tools, in the form of technology, processes and strategic partnerships, play a big role in a company’s ability to legally terminate timeshare contracts. While it may be difficult for fractional owners to determine who actually has superior systems in place, blogs like these should help them ask the right questions.

Over the past half decade, we’ve spent a lot of time building an ironclad process that specifically services our clients in difficult timeshare situations. We only utilize proven methods and don’t offer “a mirage of hope” like other operations do. Consumers need to understand that you can’t just make the decision to cancel fractional ownership with anyone. An inexperienced company may have a cheaper price tag, but the end result is rarely favorable. While an attorney’s high price tag may lead you to believe the service is high-quality, that’s not always the case.

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Although a majority of 3rd party agencies do a great job of masking their deficiencies, there are ways to pinpoint deceit. Understanding how to identify scams while discovering competence can drastically enhance your overall experience. The last thing you probably want is added regret to your current remorse. 

If you’re ready to move on from the hard truth of your purchase, then consider finding a company with the above benefits. Full disclosure and access to an experienced company that cares about you provides you with everything you need to legally terminate a timeshare contract. If you’d like to visit with our staff or learn more about how we get out of timeshares, you can always schedule a free consultation or proceed with the qualification form below. In the end, we hope you’re able to enjoy vacationing the way you always envisioned. Ask us how we can assist with your future travel needs as well, our goal is to build a long term relationship with our clients.

The Disadvantages of Using Timeshare Litigation Attorneys

The Disadvantages of Using Timeshare Litigation Attorneys

Over the years, vacation ownership has been able to thrive because of aggressive expansion efforts and evolving membership programs that provide travelers with options. Above all else, a consistent emphasis on sales has given timeshare developers a tremendous advantage. But the booming of the industry hasn’t just impacted resort teams. It’s also padded the pockets of a 3rd party relief agencies and even a number of timeshare litigation attorneys. The amount of money that flows through this choice of vacationing is astonishing.

Although it may seem like an awful lot of buyers eventually want out of their contract, consumer appeal remains. Sales organizations know how to paint a pretty picture even if the product isn’t an exact match. If people knew how much capital was poured in acquiring fractional owners they’d be shocked. Millions of dollars are spent annually on advertising campaigns and strategic partnerships that focus on luring consumers in to make the purchase. Sadly, many buyers quickly realize timeshare developers don’t put the same level of emphasis on the customer experience. After being wowed during the presentation, many are left less than impressed.

There’s a reason an excessive amount of effort goes into building intrigue. Once the rescission period passes and buyers are locked into a perpetual agreement, timeshare companies can basically do as they please. This causes many new buyers to immediately seek out restitution if they feel as though they’ve been severely wronged. But most resorts don’t feel sorry for buyers that failed to read the contract they signed. In fact, they’re more interested in talking them into spending more in an attempt to make the purchase worthwhile.

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Unhappy Timeshare Owners Rarely Know Where to Turn.

After buyers realize they’re only a small part of a large pool of dissatisfied owners, a sense of hopelessness begins to settle in. No matter what they read online, it’s difficult to tell what’s really true. The misleading statements and flat out lies they’ve already experienced have them feeling skeptical about anything and everything. Normally at the time of receiving their annual maintenance fees in the mail, regret resurfaces and the owner decides they’ve had enough. Researching timeshare litigation attorneys seems like a no brainer at this point.

If the timeshare property is rarely available and the costs continue to compile, many owners believe legal action is necessary. You can’t blame them when nothing they were promised transpires. They usually feel like they’ve been scammed by the resort so the trust is no longer there. It may also seem like everyone else that’s trying to “help” only wants their money too. Whether it be resale, exchange, transfer or cancellation companies, they’re all known to harass vacation owners with the same tactics that timeshare companies use. Owning a timeshare can be quite an overwhelming experience when you want to get out.

So hiring an attorney to litigate against the timeshare company is the best option, right? Well, don’t be so sure. Even though legally pursuing the timeshare may feel like the best option, it can easily turn into the worst case scenario. Since you might assume we’re a little bias towards cancellation, let’s take a look at three reasons why we believe this to be true.

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Timeshare Litigation Drawback 1: An Uphill Legal Battle.

When it comes to battling the timeshare company in court, you have to realize the sales organization has a plan in place to protect themselves. You also have to realize their pockets are far deeper than yours are. Timeshare companies are more than willing to put excessive funds towards a defense. Unless you have an exceptional case against the timeshare company, your word against the executed purchase agreement will not be enough.

If you take the time to research consumer vs timeshare lawsuits, you’ll notice that a good amount of them are class action lawsuits. These include a number of victims with similar claims they’re able to prove. Not many people are able to successfully sue hospitality conglomerates on their own. The buyer’s acknowledgement of the purchase is evident in their signature. There isn’t much more the defendant (or timeshare company) would need to refute consumer claims.

Many timeshare companies record surveillance during contract signing sessions to prove buyers physically agreed. Even if they made promises that weren’t included in the actual deal, the odds are against you when you don’t possess evidence. Even if you really want payback, bringing a knife to a gunfight is a bad idea. You can save a lot of money by moving on and legally terminating your timeshare agreement with a reputable company.

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Timeshare Litigation Drawback 2: Excessive Legal Costs.

If you’re thinking about hiring a few timeshare litigation attorneys to milk the resort for lying to you then you better have some serious cash lying around. In most cases, people in these situations don’t have this type of dough. Some had no business buying a timeshare in the first place. Believing they can fund a lawsuit after failing to review contract terms is flat out irresponsible. Many people don’t even realize how much hiring a lawyer costs or what it entails.

Litigation attorneys usually require hefty retainer fees (deposits) that go towards researching your claims and building your case. These retainers need to be constantly replenished as claimants proceed with an ongoing litigation. It’s kind of like taking your car to a mechanic to see what’s wrong with it. You have to pay the shop for the time it takes them to inspect the vehicle and list their concerns. You could end up spending thousands on potential issues before you even get to your initial concerns. An open ticket system allows them to control the transaction and maximize profits by fixing one thing at a time.

Timeshare litigation attorneys operate in a similar fashion. As they expend hours working on the case, the retainer account continuously needs to be replenished. Even if you stand no chance, there’s potential they could lead you on by dragging things out as they collect payments. The timeshare could also drag things out in an attempt to dry up your pockets. A majority of legal pursuits don’t ever reach court because financial resources are exhausted before the case was finalized. That’s an awful lot of work for nothing.

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Timeshare Litigation Drawback 3: Nothing is Guaranteed.

It’s important to keep in mind that lawsuits are rarely predictable. Even some of the most cut and dry cases result in unfavorable outcomes for those wronged. You never know what the timeshare company could pull out of their back pocket to halt any type of momentum you’ve gained. In other words, none of the timeshare litigation attorneys in the world can guarantee a winning case. Unfortunately, many ambitious owners go through an enormous amount of stress burning through an excessive amount of money on something they could never prove. It can be devastating if the outcome isn’t favorable.

Losing a lawsuit after the purchase was already a setback can be detrimental to more than just the owner. Often times, when people pursue legal action, family members and friends give them bad advice and let them borrow money. The loss forces everyone to lose. Especially when the timeshare counter sues to recoup the money they spent on their own attorney’s fees. That’s an unsettling list of expenses, especially when the timeshare obligation remains.

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Why Our Attorney Based Process is Superior to Litigation.

The self preserving craftiness of timeshare companies is the main reason we continue to fine tune the process we use to legally eliminate timeshare ownership. People considering the purchase are told a number of things that lead them to believe the product is more than it really is. The middle class suffers the most because they’re sold on something they feel like they can only dream of being able to afford. The lavish vacation lifestyle can be very misleading.

Disgruntled timeshare owners have to be able to put emotions and pride to the side in order to logically analyze their situation. Otherwise, it’s easy for revenge to dictate what makes the most sense. While some buyers have a good enough reason to call a few timeshare litigation attorneys, most don’t. Suing the resort requires a lot of evidence, patience, toughness, time and money.

If you’re not prepared to deliver on each of these, then just cancel the agreement already and move on. Even if the reputation of some timeshare exit services is questionable, we want you to know quality solutions do exist. To learn more about our company’s 100% satisfaction rating, you can schedule a free consultation or proceed with a qualification form below.

How Consumers Are Persuaded to Buy Timeshares

How Consumers Are Persuaded to Buy Timeshares

When most people think about buying a timeshare, they think of convenient getaways in desirable locations with family and close friends. But that’s not always how the adventure plays out. Every year, tens of thousands of consumers buy timeshares without any knowledge of what they might actually be getting themselves into. Even those privy to timeshare travel end up in regrettable situations from time to time. Whether buyers can’t use points or availability is slim, many end up spending more money just to enjoy something. But this isn’t always their fault. 

Timeshare salesman do a great job of narrow-mindedly leading people to believe the purchase is more than it really is. Aside from selling a mirage, some intentionally avoid contract details to keep potential buyers from having second thoughts. If most people knew it would cost them an additional $1200 in fees per year (for life), they probably wouldn’t be too impressed. Less people would buy timeshares because it wouldn’t be seen as the deal it’s being made out to be. When salesmen focus on benefits instead of product specifics, buyers are essentially being encouraged to make an uninformed, impulse decision. 

Instead of experiencing more bang for their buck, many buyers receive less than they expected for more than they anticipated. This is where the financial commitment can become extremely problematic. Once buyers are locked into a perpetual contract, timeshare companies focus on creating a demand for an improved experience. They’ll say anything to keep buyers from realizing they can cancel the contract during the rescission period.

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They’re not necessarily interested in solving dissatisfaction, rather offering in-house solutions that consist of upgrades and add-ons. The entire process is based on sales tactics that leverage your lifetime agreement. You have to understand nothing you experience as a timeshare owner is by chance. Systems are in place to always keep you wanting or needing more. Even if you’re enjoying multiple timeshares already, one bad decision can be devastatingly costly.

This is why we want to encourage potential buyers to research the product before they even attend the timeshare presentation. Knowing what to expect and what questions to ask can save you an awful lot of grief. At the same time, investigating the timeshare company isn’t the only thing you can do to prepare. You have to anticipate being told things that simply aren’t true during the sales pitch. Taking the time to review the timeshare contract and mull over the terms before signing anything is essential. Especially if you’re already on vacation. Believe us, the sales rep isn’t going to abolish the offer because you want to think it through. Disregard the “available today only” sales tactics.

One of Our Clients is “Not Proud” of Their Decision.

Although the first 500 words of this article may be enlightening, we understand some readers will require substance. Claims can be dry in this industry as nearly everything is a sales pitch. While you might think we see unhappy timeshare owners as an opportunity, we don’t think of it that way. We talk to dozens of people that buy timeshares every day. We know what type of pain they go through. Whether you’ve never bought a bad timeshare or the salesman’s spiel made you a believer, we believe the story of an elderly couple will open your eyes to what can transpire if you take the purchase lightly.

Bill and Mickey have been married for more than 52 years. They have 2 sons and they managed the household with a blue collar mentality. Bill worked at GM for more than 35 years as a production manager and even spent time in Vietnam. His work ethic allowed him to “retire at age 55 with age 59 money.” But it didn’t steal his drive because he’s been working ever since. Micky spent a good part of her professional career in the medical field. Like most Americans, they worked hard to be able to live comfortably and travel routinely one day. 

While their kids were growing up, Bill and Micky started to explore the east coast every chance they got. After using Micky’s brother’s timeshare a few times down in Florida, the couple decided to purchase their own. For years, the couple took advantage of holidays and school breaks to travel with their sons. They never had any issues after buying the timeshare. But all of this changed in 2015 when they attended a promotional seminar for timeshare during a routine trip to Gatlinburg.

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Analyzing the Presentation and the Timeshare Purchase

Mickey recalls her husband entering the presentation extremely skeptical. “I remember Bill saying to the guy, ‘well, we’re not going to buy anything.’ Well, that was our famous last words,” she said. When asked about the pitch, Bill remembers it being very methodical. “It was structured. They had an agenda. You know, starting off, what do you pay for a motel? What do you pay for a hotel and all of that? How much did you invest in that vacation?” 

The rapid fire questions allowed Wyndham to pull a lot of information from the couple right away. Within a short period of time, the sales rep already had Bill thinking that it made sense financially. “With the initial investment, it seemed like we should be okay,” he said. But they still weren’t sure if it was something they needed right now. So the questions continued.

After going back and forth for hours, the sales rep started to explain their presidential points program. When we spoke to the couple, you could tell they still didn’t understand how they were going to use two million points. “What Invited me to take on the presidential point value was when they talked about how you could rent your properties,” said Mickey. She thought, “If I can get $2,000 a month rental fee then I can pay my mortgage amount.” But this isn’t anywhere near how things eventually played out.

Knowing how much money Bill and Mickey had to spend gave the sales rep an opportunity to continue throwing out empty promises until the couple finally gave in. They could have left at any point, but the couple decided to continue listening to the benefits while the details of the agreement were ignored. So the intrigue progressed.

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Bill told us the ability to cut their timeshare costs even more was very appealing to him and Mickey. “Another item they stressed was that you could take this deeded property and go to any loan institution and use that as collateral to get a loan, for less interest to get out of Wyndham’s high interest rate,” he said. Again, another common false narrative used by timeshare companies to close their prospects. Bill went on to say the sales rep insisted this were true by saying, “Oh yeah, we just had somebody in here last week that got a loan for 3% and they were paying 18%.”

Once the salesman found something that appealed to the couple, he ran with it. “It was always a dream of ours to go west because we’d never been west of the Mississippi.” said Bill. “We wanted to see the Grand Canyon and different sites out there.” This revelation was inevitably the final nail in the coffin.

Thinking back, they now realize the salesman really used this desire against them. “Our first buy with Wyndham was kind of geared around that offering, you know, we can put you in condos and do this and do that. So that’s how it started with Wyndham.”

What Can Happen When You Haphazardly Buy Timeshares 

Once they made the purchase, the rest was history. While they initially thought they could rent and use their points for little to nothing, they quickly found out it wasn’t that simple. “You’re already losing money right out the door, but they make you think that you can just turn around and rent them really quick,” says Mickey. 

Aside from being stuck with a surplus of points, they never considered the additional expenses that come with traveling routinely. Even when they wanted to go on vacation they couldn’t because the anticipated income from renting their points wasn’t there. Especially when they paid two companies to unsuccessfully help them rent the property. In their letter to us, they explained just how bad the points program turned out. “We have already invested $107,139.36 in down payments alone. We bought one million points, but we have approximately 600,000 left to use before 9/30/2019.” Who would have thought, right?

They ran into another costly brick wall when they found out their refinancing options weren’t true. “I looked around, nobody will give you a loan on that deeded property. They make it sound like it’s no problem for you to be able to refinance somewhere easily, but it’s not the case.” After taking out several loans and charging a credit card for some of the unexpected costs they endured shortly after the purchase, the couple finally realized they had to take out a reverse mortgage on the home to cover their loses.

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Getting Out of the Timeshare Was Their Only Option.

After contacting the CEO of Wyndham with no reply, the aging couple was determined to find a way out of the timeshare. “We contacted Wyndham’s Ovation program to see if we could cancel our loan and renegotiate for less points. Of course, they said we signed a binding contract,” said Mickey. Unfortunately, the clients that have come to us came to the conclusion that the timeshare resorts don’t care about your financial struggle. 

She told us, “If we hadn’t have gone to Global, we wouldn’t have known of VOC and we would still be struggling right now. So it was kind of a blessing. In a way the lord opened up a door and said, here you can save some face,” she said. But canceling the timeshare contract didn’t necessarily eliminate the regret and the exceeding amount of debt they now face

Although Bill retired relatively young, he is now working as a garbage man at the age of 72 – just to survive and keep their home. The American dream they were once on track to attain is now lost in the shuffle. Bill is deeply distraught by this. “Something that really bothered me was trying to explain this to our children, our two boys, what we had gotten ourselves into,” he said. “This was something that we are not proud of and even now they don’t know what we’ve gotten ourselves into.” The amount of grief the experience caused them is indescribable.

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Take Your Time When Purchasing Timeshare Agreements.

For those of you looking to buy timeshares now or in the near future, the couple hopes their story has opened your eyes. They don’t want you to make the same mistakes they did. Mickey now realizes they’re not alone. “As we traveled, we talked to other Wyndham owners. What we found is the first thing you buy, you realize, well this really doesn’t get me anywhere because it’s not enough points. Then you go buy more points so you can do more traveling or go where you want to travel. They [Wynham] say well if you add just a little bit and go up to the next package level then you can do this much more. And before you know it you’re at over your head,” she said. It sounds like people are beginning to catch on.

If Bill and Mickey would have taken a step back to analyze their points program, the rental market and their refinancing options, they probably wouldn’t have made the purchase. But they did and our hearts go out to them because of it. At the same time, we hope consumers learn through their experience.

Knowing When to Exit Timeshare Agreements is Key.

While people can help themselves by preparing before they buy timeshares, knowing when to cancel fractional ownership is even more advantageous. This is something Bill and Mickey can attest to. When seeking timeshare relief, they refused to take “No” for an answer because they didn’t want to pass down the burden to loved ones. 

No one should have to worry about paying over $200,000 in timeshare-related-debt during their golden years. Shame on the timeshare sales representatives and management for taking advantage of this aging couple. The silver lining to it all is that Bill and Mickey understand the full picture now and have made an educated decision on how to move forward and move on. They couldn’t be more happy with the route they took.

If you’re interested in learning more about our proven attorney based process, we’d love to schedule a free consultation with you. Otherwise, you can see if you qualify by filling out an eligibility form below.

Experienced Fractional Owners Cancel Wyndam Timeshare Due to Lies.

Experienced Fractional Owners Cancel Wyndam Timeshare Due to Lies.

Since we’ve spent a lot of time explaining the timeshare system and how deceit runs rampant, we wanted to start taking a more authentic approach. Far too many of our clients have been taken advantage of and we hope their stories can make a difference. Although educational articles give buyers a better perspective on the industry, real-life experiences help them understand how expensive a bad timeshare decision can be. More importantly, for those in the midst of a bad decision, they need to know they’re not alone. So today we wanted to highlight one of our clients stories to explain why they were so eager to cancel Wyndham timeshare expenses shortly after their purchase.

Tens of thousands of timeshare owners across the U.S. experience buyer’s remorse. Most of which believe they’re trapped in their contractual obligation. What some endure throughout their purchase is absolutely devastating. This occurs because far too many owners lack clarity. The same can be said during their pursuit of relief. Incompetent exit services tend to place them in even more debt and disbelief. The decisions made after the purchase is what traps most users. Many feel like they have nowhere to turn because they’re constantly getting burned. It can be a frustrating, hopeless place to be to say the least.

The good news is, some are finding resolve by trusting in our company for relief. Our qualification process helps timeshare owners understand we’re on the same team – even when it’s difficult for them to put their faith in anyone else. Not everyone needs to legally cancel their timeshare contract. For some, it’s not even their best option. There might be a way to find a mutually beneficial resolution with the timeshare company. You just have to work with a company that believes in helping you find the best solution. One that’s willing to advocate for your consumer rights, not your money.

Each of our clients extend us a level of trust that we don’t take lightly. Once we confirm your eligibility and you commit to our timeshare cancellation services, we take pride in communicating every step. Not only is it our job to reassure on the front end, but to continuously remind our clients they’ve made a good decision. We can’t blame you for being skeptical or bitter. Providing you with clarity promotes peace of mind until your timeshare obligation is officially no more. In the end, it encourages our clients to share their stories with other owners. We hope that telling their story at least saves someone from similar heartache.

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Garry and Drue’s Wyndham Timeshare Experience.

In October of last year, Gary and Drue were asked to attend an owner’s update meeting when they checked into their resort in the Pocono Mountains. Their Pennsylvania timeshare, Christie Lodge, and RCI offered them a free breakfast to do so. They didn’t expect it to take very long. But when they arrived, they were surprised to see the meeting was for Wyndham. “We asked what the update was for and the reply was to update on all the changes within Wyndham, many new hotels and resorts, the purchase of RCI and other business changes. We did not own into Wyndham, but had a timeshare through Christie Lodge and RCI.”

Gary remembers the experience quite vividly. “The presentation turned into a ‘sales’ pitch to get us to purchase a timeshare with Wyndham.” He went on to explain how the breakfast quickly turned into a late lunch. “We were held hostage for over 6 hours and had 3 friends waiting for us back at the Condo. We only had one vehicle and they were not happy when we finally made it back,” Drue recalled. At that point they realized their “vacation day was pretty well gone!”

As the morning went on, they didn’t give into the pressure sale. “We said no to every offer they came up with telling them we were not interested.” But no matter what they said, Wyndham didn’t take no for an answer. “They would counter with perks and offers, ‘no more exchange fees’ or ‘yearly fees to RCI.” Things took a turn though as Wyndham’s offers became more appealing.

False Claims Persuade the Couple to Sign a New Contract.

In a letter that Drue and Gary wrote to Wyndham, they repeatedly voiced their concerns with a certain salesman named “Ed Scro.” Later on during the 6 hour presentation, they adamantly claim he began waiving expenses. A portion of the letter states, “Ed even wrote these 2 amounts down on a piece of paper and crossed them off to show we would not pay the exchange fees or the RCI membership fee again! I asked at the time how could they offer this and the salesman’s replied ‘because we own RCI.’” When the couple talked to us, we noticed how betrayed they felt by his lies. 

“Ed talked about using our points to pay for the maintenance fee monthly, and to use our points for a few nights stay on short trips, and use the rewards points for 1⁄2 off tickets to parks, restaurants, plays, airfare, etc.” We could use cash to get a 3-4 bdrm resort for $319 or $219 for 2 bedroom or $119 for 1 bedroom for a full week!” The letter itself shows how amazing the offer was to them at the time. It’s almost as if they couldn’t pass it up – so they didn’t. 

How Gift Incentives Were Nothing More Than a Mirage.

Gary went on to tell us they were promised “a free 2-night stay for attending the presentation,” but the app they needed to redeem the offer wasn’t working. Ed supposedly told them that he would call them the next day to straighten things out. But instead of calling the cell phone numbers they gave him, Ed decided to call their home phone to leave a call-back message. “We were just beginning our vacation and Ed knew that.”

They assumed he took care of it but he didn’t. Even worse, they didn’t realize this until they returned home a month later. “The message Ed left was ‘calling back like I said I would.’” Gary discussed how Ed really tried to play off the mistake. He said he “called again on the home phone 2 days after the presentation to tell us we were given a bonus week by Ron Myers and if we were still in town to stop by and pick it up.” Talk about bad timing, Ed. This is when they began to discuss canceling the Wyndham timeshare altogether. 

Drue ended up calling the resort and even stopping by the office to redeem their free offer. But no one seemed to be able to get the app to work. She was even referred to a few supervisors with no prevail. Neither Dulce or Phil ever called her back, which were the personnel with higher authority that they were referred to have their issues rectified. “Needless to say we never got the 2-night stay,” she said. But little did they know, the entire timeshare experience would turn out similarly. In his voicemail, Ed told them a quick start team would be calling to help them set up their first vacation. While they wanted to remain optimistic, they admit they became pretty skeptical at this point.

Actual Costs Didn’t Match the Sales Presentation.

Although a “quick start team” never called, a number of salesman did. Like many new timeshare owners, they didn’t know the cost of their vacation would be significantly higher until they made their first reservation. You can probably imagine how understanding Wyndham was when they heard of Ed’s failed promises. Drue remembers, “some empathized, others made no comment; but [both] still tried to get us to book a vacation.”

After the resort refused to honor her claims, she decided to call Ed back for an explanation. “I questioned him on the fact that he told us we would never pay another exchange fee with RCI, and he said well you would pay it if you booked through them. I told him he never mentioned that in the sales pitch. It was supposed to be a perk that we didn’t have to pay because Wyndham now owns RCI. He didn’t have an answer,” she said.

When Drue brought up the bonus week they couldn’t redeem (because he called their home phone), he told them “he would mail it out.” After a few weeks went by she called again and he said the same. While they awaited answers to multiple questions, Ed continued to buy himself time. This is more than likely to get passed their rescission period and solidify his commission. After the cancellation period is over, the contract becomes final (in most cases). After additional calls for an update, she told us he disconnected his phone. “To this day [the free trip] has never come!”

Trying to Make the Most of Their Wyndham Timeshare.

They recall a Valerie Thomas calling them in December of last year with a great travel deal they wanted to pursue. “We were given several options of places and prices, with a $250 cash back by way of American Express for $150 and a free night stay some other time valued at $100. Some options were to bring friends or family members. I was interested in the Orlando option to take my daughter and her family.”

After setting up most of the reservation, Valerie told Drue everyone traveling would be “required to attend a 2 hour presentation.” Even though the resort told her she could get babysitting services for the kids, Drue decided to opt out altogether. She requested a link to review her options but Valerie told her she’d have to prepay to get it. This frustrated Gary and Drue so they decided to take some more time to take it all in.

A few weeks later, Valerie called Drue back to remind her the deal expired at the end of the year. Solicited sales with time closes rarely ever prove to be fruitful, as will be shown in their experience below. “She wanted me to pick one and I could change to a different option if I wanted to.” After paying $229 on her credit card, she waited days for the link with her choices. Drue said, “I called [Valerie] and she said she would find out what the problem was.” Nearly a week later, Valerie told her they misspelled their last name in the email.” Either way, they still weren’t able to choose where they vacationed. “We never received any other vacation option links.” They only received a booking confirmation to San Diego on January 7th. “I picked San Diego just to get the link for all.”

What Inevitably Caused Them to Cancel Wyndham Timeshare.

All of this caused the them to immediately review the purchase. Gary said, “I read through the terms and conditions and read that I had to cancel in writing to the address on the email within 15 days of purchase.” Their purchase date was 12/29/18 so they “created a cancellation letter and sent it registered mail on the 8th.”

The New Year’s holiday falling on a Monday and Tuesday already hindered their ability to opt out. It’s almost as if Wyndham planned to persuade them during an inopportune time. Nonetheless, they received their letter on January 14th and denied their request once again. This confused Gary because he was told by the Post Office that the letter would be delivered “within a couple of days.” Since the 7th was a Monday, his confusion was warranted.

The silver-lining to their dealings with Valerie is that it was most likely a certificate company booking the couple for another pressure-filled timeshare presentation, “a great travel deal” is quite a reach in this instance. The couple most likely unknowingly dodged a bullet. While this was disheartening to say the least, this just added fuel to the fire in their decision to find a way to get out of the Wyndham timeshare. After looking further, they realized they weren’t even eligible for the package Valerie offered them. The Terms and Conditions stated “persons having attended a CLUB WYNDHAM sales presentation within the last 6 months are ineligible.” They attended their presentation on Oct 1, 2018, which would have made them ineligible according to the language in the Terms and Conditions. 

Shortly after, they realized Wyndham had charged over $1000 in maintenance fees on their Barclay credit card. A payment option they specifically told Ed not to use “until the loan was paid off.” Since he told them the fees wouldn’t be billed until April 1st, this was a big surprise to them. What made this revelation interesting was that Wyndham changed their method of billing without their knowledge. “They said I had chosen to go paperless. I never talked to anyone or saw anything where I gave them permission for my statements not to be sent,” Drue said.

At this point they were more eager to cancel Wyndham timeshare obligations than pay the company another penny. Gary went on to say the “resort deals” they were promised were “rarely available, if ever.” It allowed him and his wife to understand how they’re really “saved for non-Wyndham customers.” As the bigger picture sunk in, they developed a sense of urgency to cancel before things got even worse.

The Couple Finally Contacted VOC for Timeshare Relief.

When Garry and Drue finally contacted us for assistance, they were fed up with the “deception, lies and fraud.” In a dispute letter they literally wrote to Barclays, “Please help us get through this nightmare!” The desperation was evident and for good reason. Like many new timeshare owners, Wyndham signed up the couple for third party financing through Barclays. Aside from the unexpected “financial burden,” they told us the Wyndham timeshare created quite a bit of stress in their lives. The more they looked into the purchase, the more misconduct they found.

In an attempt of restitution, they wrote a letter informing of their decision to cancel the timeshare and requested a refund from Barclays. It said, “We have hired a company to rid us of this timeshare, and we would ask for your forgiveness of this debt since we have not used any of Wyndham’s services.” Barclays response was eerily similar to a timeshare’s response when client’s request to rescind the contract after they uncover omitted information, inconsistencies with the presentation to the signed agreement and lack of availability to use what they paid for. In short, the reason Barclays gave the couple was that they had a “signed contract”. Another client of ours recently stated they contacted Barclays with a similar dispute and without even mentioning that it was related to a timeshare purchase, he received the same, script-like response. He was told he could put in a dispute but since he singed the timeshare agreement he most likely wasn’t going to get the transaction reversed. One could only assume that Barclays has Wyndham’s best interest over their newly acquired credit client. It would seem that they either have a scripted response for timeshare owner disputes or they receive an overwhelming amount of complaints and still choose to extend lines of credit to clients under misleading or false pretenses relating to a timeshare purchase.

As experienced fractional owners, we’re sure they’ll find something that works. But they most definitely have been scarred by their Wyndham experience. In the end, they hope their vulnerability will help someone avoid a similar experience.

Timeshare Deceit Needs to be Addressed.

Bait and switch tactics can really sting when you believe someone with selfish intentions. Far too many timeshare owners are misled during presentations. But not all should be blamed for poorly informed decision-making. The timeshare itself needs to be held responsible for fully disclosing the details of their products. Garry and Drue would have avoided canceling the Wyndham timeshare if the promises during and after the sales presentation weren’t a lie. There’s no room for deceit when this amount of money is involved. Alongside regulatory agencies, we’ve made a commitment to addressing the deceit of the industry.

For more information on our timeshare cancellation services, you can schedule a free consultation or proceed with a qualification form below. Otherwise, feel free to watch or read about additional client testimonials.

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.

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