Websites With Phony Timeshare Exit Reviews Sell Consumer Data For Profit

Websites With Phony Timeshare Exit Reviews Sell Consumer Data For Profit

The sly tactics of the timeshare industry have been on center stage for quite some time now. From the initial sale all the way to desperate attempts to cancel the purchase, consumers are put through the ringer. These days, it’s pretty difficult to determine what is an actual solution and what’s simply a gimmick for profit. Even most timeshare exit reviews are questionable at best. Since this has had a disadvantageous effect on fractional owners, we felt obligated to help people understand what’s really going on behind the scenes of timeshare travel.

As of late, our company has been contacted on numerous occasions by marketers claiming to possess hot leads for timeshare cancellation. While we’re all for helping unhappy buyers escape the perpetuity of their agreements, we’re not exactly in the market for 3rd party solicitations. 

Besides, we’re not even close to being interested in persuading people to get out of timeshare contracts. We prefer to speak to vacation owners that reach out to us directly because of our reputation and satisfaction ratings – not because we’re commissioning stand alone websites for potential clients. But believe it or not, many relief agencies are. Because they don’t have a credible reputation, manipulating consumer perception is their prerogative.

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Who’s Behind the Misleading Timeshare Exit Reviews?

A few weeks ago, we discussed some of the ways major hospitality chains are attempting to discredit the cancellation industry as a whole. While we didn’t (and still don’t) agree with their approach to control the narrative, we do acknowledge that a majority of exit operations have bad intentions. Even though warnings of misconduct are justifiable, not all communication is true. The same can be said for timeshare exit reviews.

Similar to the devious mentality of resorts, exit companies are also vying for the attention of disgruntled timeshare buyers. It’s quite the dog eat dog world that we live in right now. Thousands of con artists are savagely waiting for a slice of the timeshare pie and they don’t care how they get it. It gives services like ours a bad wrap. But before we can detail the way some timeshare exit companies go about persuading unhappy owners, we first have to understand who’s behind these inbound efforts.

Experienced Marketers Are Leveraging Leads for Profit.

The internet era is in full swing in 2019. Anyone and everyone can create a website if they want to. At the same time, it doesn’t necessarily mean they know how to. Either way, there are plenty of entrepreneurial people out there that know how to rank online better than most corporations. It’s why freelancers and contractors are more successful now than ever before. Businesses no longer have to hire, train and pay employees to build an online presence for them. All they need is an experienced web developer that understands SEO to perform their vision for them.

While this has been advantageous for self employed marketers, some are beginning to realize they can make a lot more money leveraging the traffic they’re able to generate on their own. Instead of being compensated for task management, they want to be commissioned for hot leads. A majority of marketers don’t care about following an ethical code as long as they’re getting paid and their skillset gives them a level of authority in most industries. Since most exit companies aren’t able to persuade on their own, this becomes extremely valuable to them.

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This is where phony websites that claim to be credible come into play. Over the past few years, a handful of domains have been built by SEO teams that have ties to relief agencies. Whether it be for resale or cancellation, they know how to rank for certain keywords and get in front of potential customers. They use terminology that seems credible and claim to know who’s the best at canceling timeshares. But in reality, they’re only interested in your information. 

Once you contact them to learn more, they sell your personal data to the highest bidder or the company they have ties to. While you might think you’re getting in touch with someone that can help you get rid of your timeshare, you’re really just entering another sales cycle that adds to the regretful burden of the purchase. You may think we’re simply trying to discredit our competition too, but what happens when you pay to play but remain stuck in perpetuity?

Debunking the Information on Phony Timeshare Sites.

In order to prove to you that the timeshare exit reviews on stand-alone websites are simply a con, we decided to highlight a few web addresses that claim to know the timeshare cancellation realm better than you. Aside from their depiction of VOC being absurd, they also make a number of assertions that are downright ignorant. Fractional owners don’t deserve to be misled down a road that threatens their financial well-being.

First and foremost, you have to understand that design or presentation can be misleading. Like most scams in the timeshare arena, they’re built to seem legitimate. No matter what answer you’re looking for, you can’t assume everything on page one of Google (search results) is valid. If you’re looking for advice online, you have to ask yourself what makes the source credible. 

When it comes to websites with phony timeshare exit reviews, you have to understand their intent. When their main goal is to get your information, then don’t you think you should look into the legitimacy of their communication? For the most part, no timeshare owner is the same. There is no possible way they can make the same recommendation for every visitor.

Question the Legitimacy if You’re Unsure.

If it seems like they’re trying to push you towards one solution when they know nothing about your situation, don’t do it. The ploy should be pretty obvious if you’re unable to get specific questions answered about the timeshare exit company they’re recommending. Often times, they’ll simply tell you the company knows how to get rid of timeshares and leave it at that. 

Once you’ve become privy to their bias, do yourself a favor and inspect the timeshare exit reviews themselves. Cross-referencing the content on their site will prove to you that much of it is plagiarized or made up.

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Website Content isn’t Always Authoritative or Accurate.

For the most part, the companies promoting timeshare exit reviews piece together what they read online. MyTimeshareExitReviews.com basically copied and pasted statements from our website and vaguely assessed our services without much accuracy. While they didn’t actually make any damaging statements, it’s obvious they have no idea what they’re talking about. The (said) owner recently emailed us offering us leads in exchange for commission. He built the site with the sole intention to steal some of the market share for profit.

TimeshareExitCompanies.com is another website with suspect timeshare exit reviews. On multiple occasions, we reached out to them for more information without prevail. No matter who (from our company) spoke to them, they always recommended the same cancellation provider. After challenging the inaccurate statements made about our company and exiting in general, they ceased correspondence.

Further Research on these “Timeshare Exit Reviews.”

If you take the time to actually research these websites, you’ll be able to clearly see the illegitimacy of the information published. Doing so will also help you understand how they’re attempting to persuade unhappy owners in order to amass and sell their private information. 

For example, one of these sites claim they were founded in 2016. However, the credentials on the domain registrar clearly state it was created just last year. If you cross reference the details of the timeshare exit reviews themselves, you’ll see the “years in business” for the exit options are inaccurate as well. Even if they stripped this information from somewhere, they should have confirmed their sources were authoritative before publishing it as “factual” insight.

Many faulty exit companies will portray they have been in business longer than they actually have to simply create false credibility. One simply needs to search the entity on the Secretary of State or Corporation Commission websites (for the state where the company claims to do business in) to confirm accuracy. It should be a huge red flag if you’re unable to locate businesses in the state they claim to operate in. 

What we found especially troubling is that each platform makes statements regarding escrow amounts with no upfront fees. Just know that there will always be an upfront fee which is normally paid to an unknown “escrow” company (that may or may not be in bed with the same exit company or scam). Do not let the power of the word “escrow” create a sense of immediate comfort in handing over thousands of dollars. 

The fact of the matter is, there is no “timeshare exit escrow” company that is currently regulated. So why would websites like these encourage timeshare owners to use a company that offers “escrow” when it’s not advantageous?

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The Disservice of Phony Timeshare Websites.

We went ahead and requested the business name of the escrow company for the timeshare exit company these websites are “referring” consumers to (or selling timeshare owner’s data to). We also asked how they base these recommendations. They informed us that they do not have this information. When you think about it, they’re confidently speaking highly of “credible” options but they don’t even know the name of these “safe” solutions. That should most definitely raise an eyebrow or two. 

This is why it’s so important that you understand cancellation before getting involved in it. Many buyers view exit solutions negatively because they’re misinformed. Just because a website has “timeshare exit reviews,” it doesn’t mean they’re a reliable source. Even if there was an “escrow” company involved, these websites should be able to explain how they know when the recommended exit company has successfully completed their job. Otherwise, they can’t guarantee your hard earned money will be well spent. 

Ask yourself a few questions before buying in. Do they consider a foreclosure (that leaves buyers contending with damaged credit) a successful timeshare cancellation? What rules and regulations are they required to follow? Have you verified this information? Reading and believing may seem logical, but it can be inevitably detrimental. These platforms that present themselves as unbiased “review” websites don’t actually help the thousands of owners in need of relief. They’re simply misleading them further with forged content.

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Knowing what some of these claims actually entail can save you an awful lot of heartache. Nearly everything can be debunked on makeshift timeshare sites. One of the timeshare exit reviews we read actually concluded with a 4/5 star rating; even though the CEO was a former VP for an operation that was federally busted for fraud. Another listed relief program that was rated well has both a BBB and consumer report warning. Aside from a sense of liberation, taking the time to look for yourself can save you a lot of time and money.

Be Careful What You Believe in Online.

Listen, there are plenty of people sitting at home in front of their computers looking for easy ways to make money. As regulations continue to evolve online, you need to look into what you’re reading before believing. Doing your own research empowers you to make confident decisions that actually help you escape vacation ownership.

If you’re looking for legitimate timeshare exit reviews, visit the BBB, consumer reports, the FTC, ripoff report and other consumer protection agencies for help. Turning to an opinionated website that was built off a whim is a bad idea. If you’d like to learn more about our ability to cancel timeshare contracts, we’d love to have a non-haggle conversation with you. You can always schedule a free consultation with one of our experts or proceed with a qualification form below.

How Timeshare Financing Alters the Actual Cost of the Purchase.

How Timeshare Financing Alters the Actual Cost of the Purchase.

When people stumble into a timeshare presentation uninformed, the idea of the purchase can be riveting. But like many travel deals, there’s more that meets the eye. Once buyer’s realize it’s nothing like they imagined, they realize fractional ownership is actually a liability. Although the lackluster amenities and over-hyped possibilities are often disappointing, the cost itself is what inevitably knocks the wind out of consumers. So, in order to help consumers avoid grief, we decided to talk a little bit about timeshare financing and all it entails.

Borrowing money to buy something expensive that you know little about it extremely risky. At the same time, beating yourself up for swallowing the hook, line and sinker doesn’t do you any good. You’re not alone as thousands of people regret their decision. The problem is, unlike other expensive purchases, you can’t just submit a refund request or resell the property to recoup your losses. Aside from the mythical resale market, the timeshare system is set up to trap buyers in perpetuity. In order to escape, you’re going to have to jump through some hoops and put forth some serious effort.

So before we get deep into the topic of timeshare financing, ask yourself if continued payments is something that’s really worth your while. No matter what you do, understand that you’re not going to be able to negotiate a lower cost obligation with the resort. If you’ve already surpassed the rescission period, you’re pretty much locked in for a while. 

Uninformed Signs Ups Can be Extremely Costly.

At some point in time, you’re going to have to realize that whatever you were promised during the timeshare presentation is questionable at best. To the timeshare, it never happened if you can’t prove it. You’ve signed an agreement and they’re going to do everything in their power to collect the payments you already acknowledged – whether you agree or not.

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While you may not see the picture clearly yet, this blog series will most definitely open your eyes. Financing a timeshare purchase isn’t as straightforward as you think. Thousands of people have attempted to revise repayment options or use lines of credit to cover unexpected costs, only to find themselves in a financial pit of despair. One bad decision can be devastating. 

So before you make a drastic decision to become an owner or relieve yourself of the burden, do everything you can to understand the purchase first. In case you’re unsure of where to start, here are some facts about timeshare financing that’ll make you think twice about your next move.

No Lender Will Mortgage Your Timeshare Property.

Most people attending timeshare presentations have no intent on making the purchase. They’re usually only interested in the free gifts (travel packages, tickets or other forms of entertainment) that lured them in. But timeshare companies know how to get their attention and usually drag out the pitch until the consumer finally agrees to try it out. The primary goal of the pitch is to sell the experience while avoiding disclosure.

Although numerous techniques are used to persuade attendees, the way salesmen counter concerns is what eventually closes the buyer. Crafty, premeditated answers normally eliminate the initial drawbacks people have once they’ve reviewed the agreement. One of the most common concerns are the high interest rates that expand the cost of the timeshare significantly – and rightfully so. Most people are relieved to hear a salesman tell them they can easily find another lender to mortgage the timeshare. It’s too bad this just simply isn’t true.

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We’ve spoken to hundreds of owners that exhausted their quest for lower interest rates. Many of them tell us they never would have signed the contract if they would have known new timeshare financing wasn’t going to be available. Instead of temporarily enduring high interest rates, they were forced to cope with long term payments they couldn’t afford. If you know anything about mortgages, this can really add up over time.

What Does Timeshare Financing Really Cost Buyers?

On average, fractional ownership comes with a 17.9% interest rate and can be upwards of 20% when your credit score is mediocre. If you thought something like 5% was obtainable, then you’re talking about a big difference in payments. While the average cost of a weekly interval is roughly $20k, plenty of people spend more. If you happen to buy a $60k timeshare, then being locked in a high interest rate can be devastating over a 120 month term (average).

Keep in mind that the interest for timeshare financed loans is always front-loaded. Like most large purchases, when you’re making minimum payments, very little is applied to your principal balance. Since most buyers sign up for affordable repayment options (because they can’t really afford it), they end up paying more than double their original principal amount. Like we’ve mentioned before, $20k timeshares are actually $40k liabilities because of interest. This total doesn’t even include annual fees, taxes and other travel expenses required to vacation at the condo.

By the time buyers see the cold reality of the expense, there’s not much they can do to eliminate their obligation to pay the resort. Many aren’t sure how to approach the burden of timeshare financing when the resort is only interested in pointing to the contract they signed. Like we’ve described on many occasions, finding relief is a burden in itself. Since many owners are told timeshare cancellation isn’t even an option, they’re often at the mercy of the resort.

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One of the ways timeshares continue handicapping buyers is by persuading them to use in-house “solutions” for relief. The problem is, owners are never actually relieved of the obligation. Even before they can transfer the purchase to another owner, the mortgage balance needs to be paid off. Even when you pay the contract in full, it doesn’t guarantee you’ll find a willing party. In fact, it’s highly uncommon that you will. 

What’s even more troubling is that owners usually involve themselves in further timeshare financing just to satisfy their mortgage balance. It can be quite demoralizing to borrow even more with the hope of garnering a return, only to realize you’re unable to get out of the contract. Most buyers don’t know that a timeshare depreciates faster than any other purchase. If they knew it was worthless, then they probably would have never said “yes” – let alone pay more for nothing.

Undisclosed 3rd Party Timeshare Financing.

When it comes to financing a deeded timeshare or point memberships, the loan terms and repayment options aren’t the only borrowed elements worth noting. A majority of new owners don’t even know that additional lines of credit were opened under their name on the day of the signing. The reason they’re oblivious to this transaction is because the timeshare does not hold this finance note. It’s typically included in the paperwork as a conditional offer by a 3rd party.

For the most part, these undisclosed forms of timeshare financing are usually in the form of credit cards through Barclays or Comenity Bank. Without your actual consent, the timeshare company utilizes the unsecured line of credit for down payments as well as monthly and annual auto-debits. As you can probably guess, the borrowing rate for these compounding interest lines of credit aren’t low either. It’s highly unfavorable to pay off borrowed money with borrowed money.

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When consumers aren’t conscious of the actual amounts their spending because fees are being paid without their knowledge, things can spiral out of control quickly. Many buyers don’t even know they’re going to be billed $1,200 for maintenance fees every year. So you can imagine their reaction when they receive an unknown credit card statement for costs they didn’t even know existed. 

Sadly, far too many timeshare owners are forced to eat the costs in order to avoid penalty. Their contract essentially holds them hostage here. But because so many people could never really afford the $20k purchase to begin with, they can’t even pay the cards off. They have no choice but to continue using these 3rd party lines of credit to make payments. Especially when special assessment fees catch them off guard. 

Before timeshare owners know it, they’re drowning in debt due to something they can’t even use the way they envisioned. It’s hard to look at timeshare financing as a whole and argue that the resort and it’s sales teams don’t know buyers are set up for failure. If you have cash on hand, they know you’re forced to use it. If you don’t, then you’re at the mercy of the resort. Either way, it’s a win for the timeshare industry and another reason why profits continue to climb.

Get Out of Timeshare Financing for Good with VOC.

If you haven’t noticed, timeshare travel isn’t exactly the affordable escape it’s said to be. While the baseline cost of the purchase can be appealing, the conditional expenses and add ons are what really set people back financially. Before even considering fractional ownership, you need to understand what you’re getting yourself into.

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You can’t treat a timeshare like a used car that you bought and resold for a few hundred dollars less after you’ve driven it for a while. It’s not even like financing a new car and selling it for the depreciated value a few months later. While you may be able to own those mistakes and stomach their losses, a weekly interval can leave you with nothing to show but a lot of debt.

If you or someone you know is burdened by timeshare financing, there’s no need to continue digging a deeper hole. While the resort wants you to believe terminating your agreement isn’t feasible, we’re here to tell you it most certainly is. You just have to decide which is more worth it: canceling the contract or trying to keep up with payments at the expense of your quality of life. To learn more about our attorney based process, you can always schedule a free consultation or proceed with our 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.

When You Should Cancel a Timeshare Within 5 Days

When You Should Cancel a Timeshare Within 5 Days

If you’re reading this, you probably just returned home from vacation. Some of you might still be in the midst of your travels. Either way, you’ve just bought a timeshare and something has caused you to second guess the decision. Whether the resort has already rubbed you the wrong way or you actually read the contract, canceling within the first week is on your mind. Sadly, many buyers don’t realize time is of the essence here. Some states don’t even give you 5 days to cancel. So, wondering if you should cancel a timeshare within 5 days is a legitimate concern. Fractional ownership comes with perpetual ties that timeshare companies aren’t necessarily looking to relinquish. With that in mind, getting out of your obligations requires a sense of urgency, a level of contractual understanding and a lot of self control.

Should you have said “No” to the Timeshare Experience?

When you think about the day of your purchase (even if it was this morning), do you recall being overwhelmed by opportunity? Did the thought of traveling more often appeal to you? What about feeling like you ought to commit to vacationing? Most people end up choosing timeshare travel because they have an urge to change up their routine. Being on vacation allows them to escape the reality of their everyday lives. This is why timeshare companies offer free gifts and hotel stays. They’re essentially wining and dining their targets. It’s easier for them to persuade when people are out of their element and feeling special. The euphoria of traveling in general encourages people to make the emotional commitment.

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The Effect of Timeshare Presentations on Vacationers.

When you think about it, people tend to be a lot more joyful and easy-going while on vacation. Especially when it comes to spending habits. Most of us can attest to this. There’s just something about maximizing every experience while we’re away from home. Even when we know we’re paying premium prices for basic things, we still fork over the cash. For vacationers, convenience is always high in demand. But back in reality, paying a premium may not be the vacationer’s cup of tea.

Not everyone chooses dry cleaning over the laundromat or Uber X over a cab. Some people prefer to wash their own car or park and walk instead of paying for valet parking. Believe it or not, there are parents out there that prefer to endure one hotel room with six kids instead of just getting two. The point is, a lot of timeshare owners are led to believe they’re getting a smokin’ deal but they’re actually paying a premium to travel. Buying a timeshare isn’t something they would normally do. But since they were on vacation, they leaned on emotion instead of reason. If you’re wanting to cancel a timeshare within 5 days, then you can probably relate.

Buying a Timeshare Shouldn’t Be Taken Lightly.

Understanding why you made the purchase and sobering up to the decision needs to be done quickly. Unless you want to incur penalties, you only have one true chance to walk away. Nearly all of our clients wish they hadn’t put off cancellation. Some initially thought the purchase could be a mistake but they decided to wait and see how it played out. Some even knew about their timeshare rescission period. If they could get back all of the time and money they wasted trying to make the purchase worth it, they would. But they can’t. In other words, the decision to cancel a timeshare within 5 days is an important one.

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A good number of timeshare owners eventually find themselves uninformed because they don’t ask questions. Even though excitement can be blinding and disclosure is minimal (during sales presentations), there’s never a good enough reason not to double check a purchase of this magnitude. If you bought a new car, would you wait a few weeks to inspect everything? If you found something wrong, wouldn’t you tell them right away? Your timeshare purchase should be treated the same way.

It’s why we’re urging you to review the terms of the contract right now. Everyone makes impulse decisions; but not all decisions come with a lifetime obligation. If something doesn’t feel right, then reconsidering the purchase isn’t a bad thing. When it comes to timeshare ownership, you should never wait for something to go wrong before taking action. If you’re having doubts, listen to them. You aren’t given a lot of time to change your mind. With that being said, let’s take a look at a few ways to inspect your purchase before canceling it for good. 

Confirm the Requirements for Rescinding Your Timeshare.

Although the title of this article references canceling within 5 days, it’s important to remember that every state has a different requirement. Timeshare rescission periods can be anywhere from 3 to 14 days. If you wait until day 5, it can be too late. Florida, one of the most popular timesharing states, only gives buyers a few days to cancel timeshare contracts. Before signing the dotted line, you need to know how much time you have to ponder the purchase. 

In order to see how your timeshare agreement is governed, you must look at the statues for where the contract was purchased. There are a number of online resources available to new fractional owners regarding timeshare rescission periods. You can also find this information by studying the “canceling and/or rescinding” clause of your contract. Arizona, for example, just increased the length of time buyers have to cancel. So make sure you double check everything. Once you know how long you have to cancel, try to use the contract to answer as many of your questions as you can.

Good Enough Reasons to Cancel Timeshares Within 5 Days.

If the salesman persuaded you by promising additional perks or guarantees, make sure they’re included in your copy of the agreement. This is one of the easiest ways to spot a problematic purchase. Timeshare companies heavily incentivize their sales teams which results in an awful lot of misconduct during the presentation. Since it’s highly unlikely buyers will ever interact with them again, salesman will pretty much say anything to sign attendees up for fractional ownership.

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In order to prevent further deceit, try to avoid speaking with the resort about your cold feet. Additional sales tactics are in place to deter you from looking for a way to cancel a timeshare within 5 days. Customer service teams have been trained to stall or distract users until the timeshare rescission period expires. Anything you’re told could be inaccurate or misleading. 

If you absolutely have to speak to the resort, try to keep everything cordial while following the cancellation instructions explained in your contract. Canceling a timeshare within a week has nothing to do with sales reps anyways. If you decide to proceed with cancellation, do your best to prove the dates and times of your decision by documenting every step you take. Last but not least, always remember to send your request to rescind through a priority mail service with tracking. Over the years we’ve talked to hundreds of timeshare owners that barely missed the cut because they relied on the resort to confirm the cancellation request.

Additional Tips for a New Timeshare Purchase.

One of the best ways to preview experience in the first few days is to try to use the timeshare right away. While digging around can be fruitful, availability concerns should be enough for you to walk away from fractional ownership. Sitting on the purchase doesn’t allow you to experience frustrations until it’s too late. Besides, you probably won’t want to keep the timeshare if your points package is limited or you can’t travel to the desired destinations your salesman promised.

How to Immediately Tell if the Purchase is Promising.

1. Availability, locations and amenities match the sales presentation.

2. No element of the purchase is confusing, questionable or unclear.

3. Certain perks or your favorite benefits are included in the contract.

4. You don’t feel pressured to upgrade every time you contact the timeshare.

5. Your monthly invoices and annual costs are understood.

6. Minimal complaints on the resort and proven consistency in resolving problems.

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At Vacation Ownership Consultants, we’re not an enemy of timeshare travel. We simply want buyers to experience the purchase they envision. Since misconduct occurs far too often in the travel industry, we’ve committed to educating travelers on potential outcomes. In the end, we prefer that you don’t have to spend more money to get out of something that’s already been costly to you.

At the same time, if you’re looking for more information about our proven attorney based system, we’d be more than happy to explain. While many timeshare exit services harass fractional owners, we believe in a patient approach that allows you to be confident in your decision. You can either schedule a free consultation or proceed with our qualification form below.

7 Tips For Attending a Las Vegas Timeshare Presentation

7 Tips For Attending a Las Vegas Timeshare Presentation

Sin City provides local timeshare companies with an advantage when it comes to targeting new fractional owners. Besides the draw of Las Vegas itself, many tourists are easily persuaded while visiting the city of lights. Unreasonable spending and an overwhelming number of distractions make it easy for resorts to sign travelers to a perpetual (lifetime) agreement.

Since our previous article highlighted some of the ways timeshare companies lure consumers to the desert, we thought it would be helpful to prepare our readers for a Las Vegas timeshare presentation. Nearly everyone that purchases a timeshare vacation while on vacation doesn’t anticipate doing so beforehand. Many take the bait because they’re unaware of the tactics that salesman use during the presentation. Most of them don’t even know what a timeshare actually entails. This allows sales reps to dance around disclosure while puffing up the purchase. As you can imagine, it puts attendees at a tremendous disadvantage.

VOC’s Vegas Timeshare Presentation Tips:

Whether you’ve traded a few hours for a free gift in Vegas or you anticipate being pulled off the street during your Vegas vacation, here are a few things to chew on before you consider signing any dotted lines.

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1. Prepare for a Hard Sell and an Over Promised Product

Before you walk into a timeshare sales presentation, it’s important to realize that everything sold (or given) to you will sound appealing. The sale is focused on making you feel like you need the property and that you can afford it. If there’s anything you take away from this article, it should be that the experience will be painted a lot more grand than it really is. It’s highly unlikely your exhilaration will exceed what it is at the point of sale. If it sounds too good to be true, then it probably is.

Don’t allow yourself to be distracted during the presentation. Although the thought of buying into fractional ownership may sound perfect, never make a hasty decision while visiting Vegas. Wait until you get home to sleep on it. Unlike most purchases, you can’t just dump a timeshare if it doesn’t work out. Besides the resale market being nonexistent, signing a timeshare contract exposes you to a number of additional hard sell tactics that can drain your wallet quickly.

2. Do Some Homework on Timeshare Contracts Beforehand

Before attending a Las Vegas timeshare presentation, you have to understand that all timeshare sales reps are paid handsomely in commissions. Their livelihoods and lifestyles are driven by your signature. The best part for them is they never have to see or hear from you again. It’s their job to create so much urgency that you don’t even think about looking up actual reviews or researching the legality of your purchase.

Vegas timeshare sales teams are paid to nurture you into making a purchase on the spot. Some sales reps will say anything to accomplish this. Las Vegas is even more cutthroat. These people are really good at what they do. They know how to ask the right questions in order to present you with intriguing options. If you know a little bit about what you’re getting yourself into, then you’ll be able to identify false statements and blatant lies. The fact of the matter is, sales misspeak has been penalized quite a bit in the timeshare industry. Getting up to speed on deceptive practices before the sales pitch can help you avoid a big mistake.

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3. Document the Vegas Timeshare Presentation.

While this may sound like a silly thing to do while you’re on vacation, taking notes (of the sales pitch) will actually help you enter and exit the presentation with confidence. Believe it or not, people that say “No” to a Vegas timeshare may end up toiling with their decision throughout their vacation. When you take the time to do your homework and take notes during the spiel, then doubt can be eliminated altogether. This is important because you don’t want to return to the resort begging for another “deal”.

Documenting a Vegas timeshare presentation creates clarity and helps you ask the right questions so you can get the right answers. Highlighting what entices you most and finding out what each actually entails will help you determine if your intrigue is real. Being able to cross reference your interpretation of the deal (or what’s being presented) with the actual agreement is invaluable.

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4. Request a Copy of the Timeshare Agreement

While “mulling over the contract” isn’t going to be music to a salesman’s ears, it’s necessary that you do just that. Asking for a copy of the timeshare agreement is absolutely imperative. If you’ve prepared for the Vegas timeshare presentation and taken notes throughout, then you have no reason to avoid a cross reference.

Sadly, many timeshare owners agree to a perpetual contract they know nothing about. Don’t be another statistic. Although pushback should be expected, be persistent and willing to walk away if they’re unwilling to provide you with your own copy. If you can’t confirm what you have written down, then run. At the end of the day, verbal agreements mean nothing in a legal battle.

5. Compare Your Notes with the Timeshare Contract

If there’s one thing worth mentioning, it’s that going over the contract with the sales rep is rather risky. We’d like to remain consistent here and remind you to consider the purchase after your vacation is over. It’s never beneficial to review the details of a major purchase with the sales rep. You’ll never be able to disengage from your initial intrigue.

When it comes to buying something of this magnitude, it’s important you make sense of what’s being presented to you. With that being said, at least make sure statements made during the Vegas timeshare presentation are actually in the contract. If the details are inaccurate then nothing about the purchase should appeal to you.

6. Don’t Let the Pressure of “Buy It Now” Misguide You

Understanding what to expect out of sales jargon (or commission breath) may not be enough to help you lean on logic. We’d be remiss if we didn’t prepare you for additional statements that can lead you to believe taking a risk is worth taking the deal. Aside from persuasive misspeak, timeshare sales teams are very good at making you feel guilty for saying “No.” One of the ways they do so is by pressuring you to take advantage of “today only” offers and promotions. Don’t take the bait.

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The price of the timeshare only increases when you believe the offer expired. If you return expecting to pay more, you will. Ironically, if you continue to push back, the pricing tends to magically become more favorable. If you feel like their offer might be too good to pass up, we still encourage you to avoid giving in. Tell them you want to think about it. If they want your business then any valid offer on that day should be valid at the time you want to move forward. Refusing to give you time to review the purchase should be a major red flag.

7. Don’t Let “Free” or “Complimentary” Gifts Cloud Your Judgement

As aforementioned, being lured to the Entertainment Capital of the World with promising intrigue is a common step of the timeshare sales process. But it doesn’t start and stop with the invitation. During most Las Vegas timeshare presentations, “free” and “complementary” items are frequently offered to prospects so they stay longer. What was supposed to be 90 minutes can easily turn into an all day event. The longer you’re engaged, the more likely you are to buy the timeshare. Sales teams know this. Whether you want to pursue additional “free gifts” or not, you don’t have stay longer just to get what was originally promised to you.

If “90 minutes” of your time was required for you to receive “XYZ” then the resort is legally required to provide you with “XYZ” once you’ve served your time that was advertised to you. Keep in mind, escaping the presentation can be tricky in itself. Expect to be passed off to 5 more “closers” who’re trained to sweeten the pot so you’ll sign the timeshare contract.

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In this scenario, continue to reiterate what you’re legally owed and reference the advertisement that brought you there. If they fail to comply, they’re violating existing laws that regulate advertising. They should know the punishment is pretty severe. When you’re able to specifically pinpoint their misconduct, getting what you came for becomes easy. Moreover, taking advantage of these 7 tips allows things to work out in your favor. If you want to Viva in Las Vegas then you’ll need to look past the tactics of timeshare companies.

If you recently visited Vegas and feel as though you’ve prematurely signed up for a timeshare contract, we’d be happy to provide you with a free consultation. If the purchased product doesn’t match what was verbally told to you, then you have every right to cancel the agreement.

What to Expect From the Resort When Getting Rid of Timeshare Contracts

What to Expect From the Resort When Getting Rid of Timeshare Contracts

Phase 3. Asking the Timeshare For Help

When most of us make a large purchase, we normally do quite a bit of research prior to executing the transaction. Whether we’re buying a house, a car or planning a vacation – we spend a good amount of time sifting through deals and comparing options. When it comes to buying a timeshare, nearly every sale is closed on the spot. This shows how intriguing and persuasive the presentation can be. If timeshare companies can talk consumers into handing over tens of thousands of dollars easier than real estate agents or car salesmen, imagine what they’re capable of once the contract is signed. Getting rid of timeshare contracts can be an uphill battle if you’re not prepared for the reality of your situation. The further along you get, the harder it becomes to get rid of timeshare contracts.

It’s easy to understand why some timeshare owners research their decision immediately after making the purchase. Subconsciously, they realize what they should have done before forking over that amount of cash. This is why timeshare companies have a plan in place to combat “buyer’s remorse.” If you bought into the second phase of their sales process, or simply gave up during the rescission period, you’ll probably end up contacting the timeshare with concerns at some point in time. When you do, they have the right amount of “resolutions” in place to keep buyers from getting out of timeshare contracts for good. 

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What to Initially Expect From the Timeshare

When you first ask a timeshare company for help, you have to realize they’re going to be aggressive with a top-down approach. As we’ve mentioned in previous articles, they’d love to persuade you that your current package is to blame. That you’re not enjoying the purchase because your package is limited or inferior. The resort knows that buyers aren’t immediately interested in legally getting rid of timeshare contracts. Another $50 per month for your timeshare mortgage is worth a few potential perks, right? If you look across the travel industry, the companies that make a lot of money know how to upgrade.

Have you ever booked a cheap rental car and received the smallest vehicle currently in production? You’re promptly informed that there’s no other options on the lot and that they don’t carry many economy cars because most people truly need the mid size car. I can hear the rental guy now, “For only a few more dollars per day, you can have cruise control and enough truck space to fit the bags our small car – that you booked – can’t carry.” They know just how to excuse the inconvenience and make the upgrade option seem more appealing than ever. Timeshare companies are doing the same thing. They tell you this is what you wanted and agreed to purchase. You can be down in the dumps about what you paid for or you can be like this guy,

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Who wouldn’t want to share a watermelon orange juice with this guy? This manipulative tactic allows them to position upgrades with ease by making it sound like a no brainer. It’s important that you remember consumer rights in this instance. If you’re able to prove that advertisements or closing statements were misleading, then they might change their tune. Communicating this before listening to their sales pitch is crucial. But, it doesn’t mean they’ll conform.

Timeshare companies know that a majority of vacation owners won’t invest in legal action when it comes to getting rid of timeshare contracts. Using this to their advantage, it’s easy for them to tell you an upgrade option is the best they can do. You can either take their “limited time offer” or continue dealing with the subpar package you decided to sign up for. It’s like a no return policy on an online purchase. Except it’s costing you tens of thousands of dollars.

In-House Solutions For Getting Rid of Timeshare Contracts

If you stand your ground and refuse to upgrade, then you might want to put your seatbelt on. This is where things can become extremely misleading as the top-down approach continues. Once timeshare companies realize you’re not budging from expectations, they realize the chances of you seeking outside counsel greatly increases. If you continuously relay your desire to get rid of the timeshare contract, they eventually take note. At this point, some will begin to accept your cancellation requests simply to keep timeshare owners from looking into 3rd party termination programs.

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At first glance, you’d think they cared. But, in reality, they’re just keeping you engaged long enough for the next payment to go through. It may seem like you finally made progress towards a resolution, but it’s important you understand the angle they’re taking here. Like most sales organizations, they want you to believe your best interest is being considered. But, they’re in no way shape or form motivated to help you get rid of your timeshare contract. There are plenty of examples but most have just enough options to keep timeshare owners engaged and on time with payments.

Analyzing Relief Programs by Timeshare Companies

When it comes to some of the more ambitious timeshare companies, they know exactly how to nurture their club members. They’re going to keep making promises until you finally take a “deal” or decide to shelve your dissatisfaction. A good number of prominent timeshare clubs have been able to keep a number of timeshare owners in-house by rolling out their own cancellation programs. In order to compete with timeshare cancellation services like ours, they claim to be protecting you from being victimized.

It’s interesting that the inaccuracy of this statement is the common value proposition amongst in-house “solutions.” When timeshare owners are continuously forced to pay for something they don’t want anything to do with, who’s really the victim here? Programs like these keep owners around by offering a number of different exit plans without fees. The difference is, you’re upgraded or further contractual obligations are added. These types of resolutions are sold in a way that makes timeshare owners feel like they’ve finally found something that works!

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The thing is, a majority of people wanting to get rid of their timeshare contract aren’t eligible for anything really all that beneficial. In order to qualify, club members need to have the mortgage paid off and maintenance fees need to be current. I mean, why wouldn’t they help out someone that’s paid them more money than the property is worth and who makes their payments on time? On top of ensuring they’ve consistently made money off you, they pick and choose which levels of ownership and resorts qualify. When things don’t work in the consumer’s favor, the timeshare company is able to easily blame-shift once again. Let’s take a closer look at what each of these programs entail.

Getting Rid of Timeshare Contracts with the Resort.

As you continue reading, you’ll be able to understand how the timeshare company uses these limitations to their advantage, while discrediting exit programs altogether.

  1. CAP Program. This option is the closest thing to legally getting rid of a timeshare contract. This allows qualified owners to transfer deeds or club points back to the resort in order to eliminate maintenance fees and cease ownership. It’s not as big of a loss for the timeshare because the property is paid off and the chances of them selling additional travel packages after the transfer increases. The buck doesn’t stop here and most timeshare owners end up with new problems in the long run.
  2. Surrendering Points. Also known as the “Limited Addition Program,” this option allows timeshare owners to terminate maintenance fees for 3 years while relinquishing their purchased points back to the timeshare company. Although they retain user rights to travel, it’s basically a forbearance period that doesn’t exactly eliminate the problem. Timeshare owners are given temporary relief only to deal with new occurrences down the road.
  3. Reselling. If you’re set on selling your timeshare, certain companies will offer a list of preferred resellers that are licensed and don’t require up front costs. Receiving approved options from a popular timeshare company creates an extra layer of trust because timeshare owners know they would be on the hook if a scam surfaced. This option is a win-win for the resort because of referral commission and the simple fact that timeshare owners will be forced to return when the property doesn’t sell. It’s a less appealing option though because fees do occur and resale values are extremely low – if they exist at all. Most buyers are never able to sell and continue paying the resort while waiting for a buyer.

Assessing the Resort’s Solutions for Relief

A lot of skepticism surrounds many of these types of programs because of failed attempts in the past. Most of these “resolutions” have been accused of manipulating timeshare owners into buying more points. As you can see, timeshare “cancellation” services like these are created in favor of the resort, By using open ended statements like a promised “opportunity” for a buy back, they’re able to generate enough hope to keep you under contract.

At the end of the day, timeshare companies specialize in selling weekly intervals, not getting rid of timeshare contracts or buying them back. It’s important that you understand that their intention is rarely beneficial to you. Their definitive goal is to make money, not manage customer service calls. It’s a very cut through industry and if you allow them to get the best of you it can be a long ride.

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Timeshare Companies Will Never Help You Escape Ownership.

Similar to a retention department with any other company you are under contract with, timeshare companies are masters at distracting their customers from contract disputes. When you contact them with an issue, they always find a way to get you off the phone, buy some more time and persuade you the issue will be resolved. Whether you take their word for it, upgrade your package or buy into one of their relief programs – you inevitably run into the same issue over and over again.

They don’t care how many times you call, their system is built to keep you under contract. Just because the program is offered by a major vacation club, it doesn’t mean the option is viable. Everything these timeshare companies sell you on eventually circles back to where you started. This can be extremely frustrating for people that continue to believe they’re making headway. Although we understand not all timeshare experiences are bad ones, things can go bad when expectations aren’t met.

We’ve Had 100% Satisfaction Since 2014!

If you’re struggling to find a way out of your agreement, it’s important that you understand what you’re up against. If you can see what’s going on around you during the early stages (phase 3) of your purchase, you’ll be able to see the value in legally getting rid of timeshare contracts before more money is wasted. The longer you wait to take action, the more opportunities there are for other companies to step in and manipulate you. The more options you continue to buy into, the more money you’ll spend with nothing to show for it. To learn more about how we go about getting rid of timeshares, you can schedule a free consultation or proceed with our qualification form below. 

Read Part 3 of This Blog Series

What to Expect From Predatory Agencies When Getting Rid of Your Timeshare. Read Part 3Read More Blogs

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