4 Timeshare Lies That Resorts Commonly Tell Potential Buyers.

4 Timeshare Lies That Resorts Commonly Tell Potential Buyers.

For those that have bought a timeshare, the ownership experience can carry quite the mixed bag of emotions. People either enjoy it or they regret the decision. Truth be told, it all starts with the sales presentation. When buyers are fully aware of all the purchase entails, it makes it easier to find contentment. But when they’re sold on false hopes, then higher costs and minimal availability, regret tends to be the result. When a salesman from the timeshare lies about the reality of the product while leaving out pertinent information about the contract, buyers feel rather forsaken to say the least.

When you think about it, buying a timeshare is no different than any other large purchase. An informed decision that matches expectations will be a satisfactory one. An expensive, impulse decision that was too good to be true would leave a bad taste in anyone’s mouth. While it’s never a good idea to make an uninformed purchase of this magnitude (interest, fees and mortgage usually exceeds $40K), it’s hard to fault the consumer when the timeshare lies.

Misleading Consumers is Extremely Damaging.

When a retailer has the ability to lock uneducated buyers into perpetual (lifetime) agreements, a higher level of responsibility needs to be expected. If the travel opportunity is so great, then selling people on the concept shouldn’t be difficult. You shouldn’t need to lie or hide details in order to close a deal. Some people have no business owning a weekly timeshare interval. The simple fact that consumers are pressured into buying something they’re not even seeking out – for a misleading price – is downright criminal.

One unexpected expense can easily push most people over their budget and into financial hardship. So in order to help them avoid haste, we thought it was a good idea to break down four ways timeshare companies convince potential customers with lies. If you’re not aware of the strategy behind this, you could be easily swayed into a disastrous situation. No matter what the resort tells you, the signed contract terms are the only thing they’re legally bound to. Broken promises happen frequently here and if you’re unaware of common timeshare lies, misconduct is extremely difficult to prove.

aging man with beard looking borderline angry after finding out news about potential lie

Why Lies About Timeshare Travel are Common.

Timeshare sales teams know that once the rescission period (a trial period that lasts 5-7 days in most states) is over, new owners are officially bound to whatever they signed that was in writing. Any undocumented guarantees, hypothetical scenarios or suggested possibilities cease to exist. This gives customer service teams a chance to position up-sales as solutions. When the timeshare salesperson lies and the owner can’t prove it, they’re often forced to spend more money just to make the purchase worth it

When they can’t use the property the way they envisioned, many find themselves at the mercy of the resort. It’s hard for them to say “No” even when they don’t have the money because thousands of dollars are already going to waste. Pride and hope often gets in the way here. So, preventing a bad decision starts with asking the right questions. Once you know how and why the salesman of a timeshare lies to you, it’ll be easier for you to identify deceit, confidently say “no” and walk away. Hopefully this article equips you to act accordingly.

Lie #1: Cheap Travel Options Are Available.

When it comes to assessing the sales strategies in the timeshare marketplace, the ideal target audience is pretty clear. Resorts usually crave to speak to those who rarely even think about traveling or lavish vacations. These groups of people tend to be 35 and older with an average annual income of $50K. Most of which aren’t privy to the history of timeshare travel and don’t have a lot of extra funds laying around for a nice family vacation every year. 

So why do they target people with limited funds and zero travel aspirations? Because the timeshare lies about the product being an affordable, once-in-a-lifetime opportunity that isn’t actually out of reach. They know how to make it seem like it’s a deal not worth passing up by leaving out potential limitations, costs and fees. But first, they have to gain their victim’s trust by showing them a smashing good time.

senior citizens jumping up in the air on rocks by seashore vacation front lured by timeshare lies throwing hat in air

Creating Appeal Before the Deal

Every year, timeshare companies advertise free gifts in order to lure hundreds of thousands of ideal customers to their destination resorts. The only thing they require is that each guest attends (or endures) a “brief” timeshare presentation. Wining and dining consumers that rarely experience a pampered lifestyle creates an uncommon sense of euphoria. 

This opens a consumer’s mind to possibilities. It’s like getting your spouse drunk to elicit a reaction that benefits you. By the time attendees are told an affordable getaway is at their fingertips, the excitement of the new experience blinds them from their intuition. In the midst of bliss, escaping for a week all of a sudden becomes appealing.

Undisclosed Dollar Amounts.

In reality, buying a timeshare is rarely what it seems. Far too many people end up finding this out the hard way. During the sale, specific number amounts are normally highlighted or pointed out in order to mislead the buyer. What tends to be left out are annual maintenance fees, potential special assessments, interest and even taxes. What was said to be $359/month all of a sudden becomes $525/month after the first year is all said and done. That’s $6,500 and an unknown liability cost for mediocre accommodations for a week. Does that sound like an affordable travel alternative to you? Since maintenance fees rise every year and special assessments are spontaneous, there’s no telling how much the overall cost will be. 

When the purchase sends a buyer into financial hardship, additional costs and penalties can devastate their livelihood. Something that was sold as a way to bring the family closer together can end up tearing them apart. Even if the timeshare lies and claims the total cost won’t exceed $19K, most vacation owners end up paying close to $41K by the time they’re repayment term ends. This is assuming all payments were made on time. It also doesn’t consider the simple fact buyers are on the hook for maintenance and assessment costs for life. So, the true “all in cost” (at maturity) is closer to $56K.

Timeshare Lies Prove to be Costly.

When it’s all said and done, forking over six figures for an annual trip isn’t unrealistic. Even for a median income household. This is crazy to think when far cheaper options are available. If buyers knew the cost would play out this way, it’s safe to say most would have walked away. But since they were told they could afford it and lied to about the financial commitment, many are forced to adapt to a financially handicapped situation. All for the sake of a few thousand dollars in commissions paid to a sales representative with no conscience.

pointing fingers like guns sales teams for timeshare companies confidently lie about sales packages to consumers

Lie #2: Timeshares Are Investment Opportunities.

Since we’ve discussed this a number of times in other articles, we’re going to keep this short and to the point. A timeshare is not an asset, it’s a liability. Think of it like leasing a car. You can’t resell the vehicle and it’s only costing you money to use it. There isn’t much that’s advantageous about it from an investor’s standpoint. The fact of the matter is, timeshares hold zero resale value – now and in the foreseeable future. If anything, they’re depreciating faster than ever before due to improved travel options and other advancements that the timeshare industry is failing to adapt to.

Buying a vacation interval isn’t even comparable to the purchase of a new car that depreciates when you drive it off the lot. It never carries any value. The market is so dense and competitive that it’s nearly impossible to ever even get in front of someone looking to rent or buy one. So when the timeshare lies and mentions resale or rental as a fallback or investment option, don’t believe it. A weekly interval should never be mistaken for a business opportunity.

Supplemental Pipe Dreams.

The resort wants you to believe that the more you buy the more you’ll be able to make. The low risk, high reward sales pitch works when people think they can earn supplemental income while vacationing for free. Especially those with limited incomes and not a lot of spare change. It’s extremely appealing to them and often used to combat their initial remorse. But a mediocre interval during a limited week will never be able to compete with timeshare marketing strategies or premium vacation homes that are visibly listed on AirBnB or similar.

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Lie #3: Booking Priority and Convenient Availability.

One of the biggest lies timeshare companies tell involves availability. Nearly every day, we talk to someone that was told a specific week or destination was going to be available and it wasn’t. It’s just another way sales teams use verbal affirmations to get people to sign the dotted line. Buyers that are on the fence about the purchase usually want certain guarantees before agreeing to the deal. When they’re able to lock in a date that the entire family would appreciate, the pot becomes too sweet to pass up.

But the Actual Deal is Usually Sour.

In reality, first dibs for bookings almost always go to third party online travel retailers like Expedia and Priceline. Although new owners may have been led to believe they had priority booking, it’s highly unlikely. You’d have to make a substantial investment to guarantee a specific date – at which point you are drastically overpaying for something you can reserve through one of the aforementioned third parties. Resorts profit far more from retail travelers during peak seasons. They’re not going to hand over these dates to clients that are already obligated to pay.

If the buyer doesn’t figure this out within the first week, the trial period will end and they’ll be stuck with limited dates and destinations for good. Misleading statements and guarantees about availability can really put a damper on the entire experience for the consumer. Especially when the scheduling department for the timeshare lies further by claiming another vacation owner booked the week first. Ironically, this sets the resort up nicely to pitch an upgrade for the desired dates.

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Lie #4: “Beneficial Interests” Add to the Family Legacy.

If you stay at a timeshare presentation long enough, sales teams know how to start tugging on your heart strings. After a few hours they start trying to make attendees feel as though they’re letting loved ones down by passing up an amazing opportunity they may never come across again. Whether they’re referring to children, extended family members or a close group of friends; the timeshare company knows how to pull information out of you and use it against you.

A Legacy Pitch is a Red Flag.

Telling a proud father that his kids deserve an annual trip is a good way to chip away at the sale. One of the more famous ways they go about doing this is what’s called a “legacy pitch.” This leads potential buyers to believe they’ll be able to leave their kids a piece of vacation property (otherwise known as “beneficial interest”) for future use once they pass away. This tends to be pretty convincing for aging couples nearing the end of their lives.

Unfortunately, it’s just another way the timeshare lies about the actualities of the bargain. While the offer is normally sold as a points program through a trust, in most cases, the contract language states the owner doesn’t actually own anything at all. The trust owned by the timeshare does. However, the owner is on the hook for the mortgage, maintenance and assessment fees. What ends up happening is, the children of the deceased buyer end up absorbing the burden down the road and the resort begins requesting liability payments from them.

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Avoid the Lies and Focus on the Facts.

At the end of the day, the only reason a timeshare should be purchased is for the travel experience. However, participating in minimal research and simple comparisons will show this to be a poor financial decision. While the purchase is sold as an affordable expedition with ideal dates that are too good to pass up – you must understand that you’re paying a premium to vacation this way. Nothing is guaranteed unless it is in writing. If you feel as though your emotions and personal relationships are being used to leverage your decision, it’s always best to walk away.

The truth is, it’s very hard to identify timeshare lies and deception at the point of sale. But when you know what to ask and how to confirm pertinent details, you’ll always be able to make a confident decision. The last thing you should want is to enter a never-ending sales cycle that continues to prey on your desperation with false hopes. If you’re stuck in an unfavorable agreement, we’d love to help you exhaust your options with the resort before helping you find a favorable outcome. We provide free consultations that explain how to get out of a timeshare or you can begin the qualification process below.

The Truth About Sales Practices in the Timeshare Exit Industry | Part 1

The Truth About Sales Practices in the Timeshare Exit Industry | Part 1

The timeshare exit industry is interesting to say the least. While hundreds of thousands of people have benefitted from their ability to legally cancel a timeshare agreement, just as many have been taken advantage of. Far too many cancellation programs are in business for the wrong reasons and they’re using the exact same sales practices that caused the buyer to seek relief in the first place. Unfortunately, this is a continuous cycle within the marketplace. Whether it’s the original purchase, resale or termination, a majority of consumers have a hard time knowing what’s real and what’s a scam. We know this because we talked to dozens every day.

A sense of confusion inevitably clouds the judgement of fractional owners during the decision-making process. Genuine companies like ours are often bucketed with scams because of the lies vacation owners have been told in the past. Broken promises, misleading information and greed tend to create skepticism that’s hard to break. So in order to show unhappy timeshare owners that we’re not interested in scheming them, selling their data or taking their money, we have to be willing to break down the reality of the sales practices in the timeshare exit industry. Hopefully this helps readers see that we understand what they’re up against and care about their burden.

The Truth Behind Guaranteeing Credit During an Exit.

When it comes to escaping a perpetual timeshare agreement, one must understand that they’re going to receive some backlash from the resort. Our clients have been known to receive threats from the resort and it’s sales teams that collect hefty commissions off of the deal. For the most part, these are simply scare tactics, but you have to understand that no company in the timeshare exit industry can guarantee your credit when you’re at odds with the resort. In the end, the timeshare is the only party that’s able to execute this request.

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Because buyers sign a contract and a promissory note that states they’re obligated to pay for the weekly interval, the resort is going to do everything in its power to keep you under that contract. Unless you’re able to prove that you were misled during the sales presentation, you have no leverage. When a sales rep in the timeshare exit industry makes this guarantee, they better be able to provide evidence. In reality, they’re just trying to persuade you to commit to them, just as you did with the timeshare. 

Vague claims that seem too good to be true should raise red flags. Especially if you’ve already been told one thing by the resort and something else transpired. Learn your lesson here and realize that a number of operations in the timeshare exit industry only want your money. They do everything in their power to gain your trust while protecting themselves from your inconvenience. Even if you’re desperate, looking into guarantees will save you a lot of heartache and further regret.

Credit Repair in the Timeshare Exit Industry.

Some exit agencies will even go as far as partnering with sketchy credit repair services to strengthen their guarantees. But the people managing a handful of these operations are usually connected to the ploy. Tradebloc is an organization worth keeping an eye on in this regard. While their process is quite vague, we do know that they only accept clients from referral sources in order to avoid a transactional relationship with the client. They do a very good job of protecting themselves from potential legal issues while claiming they have the ability to block creditors from reporting.

The CEO, Tim Clark, is proudly listed as “the credit repair industry’s number one money earner.” On the company’s website, he describes Tradebloc as “unique and unprecedented.” If you take the time to analyze their about page, you’ll find that there is a lot of bragging and zero results. Boasting about acquiring “71 corporate clients and generating nearly 1000 new credit repair clients each month” really only says they’re good at sales. Ironically, there are no customer reviews or any type of organization support listed online.

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Further research shows that people have actually gone to jail in the past for making eerily similar claims. All they were doing was filing false police reports that claim identities were stolen and reporting it to credit bureaus to block credit reports. This is not legal and unknowingly ties the timeshare owner to the illegal activity. Fractional owners in search of the best timeshare exit option tell us their credit has been guaranteed by one of our competitors all the time. But they’re never able to tell us exactly how something like this will take place.

Far too many timeshare owners buy into possibilities. This form of desperate optimism is what we refer to as “industry hope.” Agreeing to verbal promises and not asking the right questions in order to garner an accurate understanding of the product is what landed the owner in the unwanted timeshare to begin with. Buyers have to learn as much as they can about the promises made. While it’s yet to be proven that Tradebloc is engaging in illegal activity, the operation does raise quite a few questions. Vague responses that vary from one representative to the next and zero transparency on how the process works should be concerning. 

The simple fact they announced that they’ve “teamed up with the number one travel fulfillment company in the world to give its members the world’s best, authentic, discounted travel,” tells us they’re prepared to target current customers with new offers down the road. When it comes to unethical sales practices in the timeshare exit industry, this is one of the oldest tricks in the book. Avoiding relationships and creating obscure partnerships screams dubious activity

Selling Guarantees Doesn’t Mean a Timeshare Exit is Certain.

While exiting a timeshare contract and repairing your credit may appeal to you, most disgruntled buyers first turn to resale platforms for relief. Followed by leasing, this is usually seen as the most viable and promising option when the timeshare just isn’t working out. Unfortunately, many owners don’t know that the possibility of actually finding a buyer is slim to none. There just isn’t a resale market for timeshares and there never has been. Unless you hold the keys to a week that’s in high demand, it’s a pipedream.

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If you happen to be told that a reseller has a buyer waiting to take the interval off your hands, you have to understand this is a common sales tactic in the resale realm of the timeshare exit industry. After the owner commits, they’re normally told the buyer backed out at the last minute. Since the owner already made a payment and has begun the exit process, they usually decide to wait it out. Resellers know how to play this game and continue leading owners on until they’re willing to lose money just to get rid of the timeshare. This allows them to profit tremendously while you suffer.

If you find yourself involved in a scam, then the outcome can be far worse. In these scenarios, timeshare owners are often misled for months. They believe a buyer exists and continue processing fees, closing costs, tax documents and more in hopes of offloading the contract. After the con artist is satisfied with the stolen amount or senses some tension, they disappear. This costs owners thousands of dollars while the same perpetual agreement remains in their name.

The Reality is, the Timeshare Exit Industry Breaks Promises.

In today’s society, people want to believe they can trust someone’s word. Especially when it comes to expensive business transactions. Sadly, a company’s ability to persuade consumers to hand over money for broken promises is becoming more of a norm. At VOC, we believe people should have a fighting chance when it comes to making large purchase decisions. At no point should they ever feel pressured, alone be misled. For many, financial hardship is right around the corner and they never would have made the purchase had they known the contract would hold them hostage.

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Milking consumers for money as long as possible is a terrible strategy. Unfortunately, it’s the past and current state of the timeshare exit industry. In fact, it’s pretty much the approach of timeshare travel as a whole. Every day, more and more people are falling into a devastating financial pit that takes time to climb out of. Buying into credit or resale guarantees may seem advantageous, but it doesn’t mean it’s true. 

Hopefully this first installment will help you avoid setbacks and find a viable option that suits you best. While the sales practices of the timeshare exit industry have a long way to go, we want you to know that you can trust our word. The last thing we want is for you to remain in remorse.

Next week, we’ll expand on this even further by discussing a few more ways our industry persuades. Omitting information from timeshare owners and refusing to qualify interested parties only leads to disaster. To learn more about our attorney based process or to discuss other options for relief, you can always schedule a free consultation with us or proceed with our qualification form below. Thanks for stopping by!

Are Christmas Timeshare Gifts a Good Idea?

Are Christmas Timeshare Gifts a Good Idea?

As Christmas steadily approaches, millions of people are looking for the perfect gift that shows their friends and family just how much they appreciate them. While some simply enjoy spending a lot of money without limitations, for the most part, the generosity of the holiday season is pretty contagious. Unless you’re a Scrooge that enjoys watching The Grinch by yourself after too much eggnog, you can’t help but acknowledge what the presence of Christmas brings. Last week, we talked about the intrigue of timeshares to holiday shoppers. This week, it’s only fitting that we discuss whether or not Christmas timeshare gifts are a good idea.

But before we analyze this form of gifting, we wanted to remind you that the best Christmas gifts aren’t always the most expensive ones. If you’re really looking to show someone that you care about them, then time – not a timeshare – is normally a great gesture. Although it may appeal to you to gift the entire family with a “discounted” trip you stumbled across, try to consider how the experience could play out. 

Every year, thousands of consumers plan on attending a getaway vacation that never transpires. Whether the cause is flight delays, family cancellations or an inability to book a timeshare during desired dates – the result can create quite a bit of bitterness for those anticipating the trip. While making unforgettable memories might have been on the docket, the only thing people might remember is your inaptitude of vacation-planning. Even though availability may not be your fault, the idea was. 

So, if you’re considering a big splash purchase that’ll “wow” family and friends this holiday season, we suggest you invest in something a little more safe. There are plenty of things you can buy with the money it would cost to purchase a timeshare travel package. While a crafty, overhyped timeshare presentation may grab your attention, there’s usually more than what meets the eye. Like we mentioned last week, the overall burden of fractional ownership can leave you with Christmas timeshare gifts that keep on giving you a bad taste in your mouth.

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Why Owners Give Timeshares as Christmas Gifts.

When a timeshare purchase turns out to be nothing like it was advertised, it still gives some buyers a unique opportunity to share the time (or interval) they purchased from the resort. For many, it’s tough to get everyone together during Christmas. So giving away an unusable timeshare week may be the best way to bless those you’re unable to see during the holidays. Especially when the purchase hasn’t exactly been advantageous. You might as well share it. 

You see, far too many timeshare owners were told they’d be able to use the condo during the holiday season, only to find out they can’t. They simply assume the dates they discussed during the presentation would be available. Little did they know that booking far in advance is a critical step in guaranteeing usage. But even then, the condo isn’t always available. Truth be told, most resorts prioritize booking retail customers because the profits are higher. In turn, timeshare owners are given the leftover dates to choose from. 

As you can imagine, this leaves a lot of buyers furious. The problem is, it’s extremely difficult to escape the perpetual agreement they signed up for. Because of this, a majority of owners spend a lot of time and money trying to create the experience they anticipated when they bought it. Whether they upgrade packages, invest in empty resale markets or even try to donate the timeshare, rarely are any of their efforts fruitful. This results in buyers doing what they can to make the most of the purchase – which is where Christmas timeshare gifts come into play.

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Who Usually Accepts Christmas Timeshare Gifts?

Family members (especially those with large families) absolutely love it when they receive free accommodations during the holidays. Although limited availability is normally the cause, some buyers have excess weeks or a surplus of timeshare points that need to be used. This forces them to hand out intervals at the end of the year. While gifting a week may not be as big of a gesture as buying someone a timeshare for Christmas, nearly anyone would accept a travel package during the busy holiday season.

Sharing a timeshare is actually a pretty common gesture in today’s society. Recipients are given access to other people’s condos all the time. But it’s not just a communal opportunity for families. Well performing employees are sometimes rewarded with a timeshare stay for their hard work or successful role within the company. Newlyweds are often gifted intervals for their honeymoon. Even when timeshares become a burden, giving other people a chance to stay at a resort for free helps ease the pain a little.

How Gifted Timeshare Weeks Can Backfire on Owners.

While the idea of giving a free get-away can make a buyer feel better about a remorseful purchase, you have to understand what can go wrong. The last thing owners should want is for their guests to have a bad time. But sometimes, the timeshare gift is more overwhelming than enjoyable. At the end of the day, most resorts view all consumers as a potential sale. When they have an opportunity to sell them something, they do. So before you go handing out free intervals to everyone you care about for Christmas, you need to consider some situations that may arise.

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In most cases, the resort methodically plans to welcome timeshare guests with a large helping of limited time offers. Upon arrival, many are given a tour and offered a number of upgrades to make the experience even more enjoyable. Free breakfasts or drinks are usually offered to establish some sort of trust or expectation that cost is not an issue. In some cases, first time users are taken immediately to a timeshare sales presentation and not allowed to leave until things get a little uncomfortable. 

At the end of the day, their effort to persuade your guest to invest in something misleadingly explained as an asset is relentless. Thousands of people end up saying “yes” just to escape the harassment. They assume they’ll be able to cancel the purchase once they get home but they really don’t understand the depths of timeshare travel. Sadly, we speak to hundreds of people every year that become stuck in these types of situations. But the sale doesn’t end after the first impression.

While the first wave of aggression is normally noticeable, some of the additional tactics can be a little more subtle. Nonetheless, none are beneficial to recipients of Christmas timeshare gifts. Once other sales representatives find out there’s fresh meat on the premises, they begin circling like vultures. The check in process may even get drug out just to inconvenience the guest while the plot thickens. Before handing over the keys to your timeshare interval as a gift, make sure recipients understand they could experience quite a few high pressure sales that they don’t need. While it may seem like the resort is being helpful, in most cases, they only want their money.

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What to Expect From Timeshare Gifts After Check In.

If they’re able to avoid the timeshare presentation, they’re not quite in the clear. For the most part, people visiting someone else’s timeshare need to practice a firm “No.” Letting salesman know you’re not interested – no matter what they tell you – will get them off your back. While this may cause them to retaliate and hinder the experience, it’s far better than dealing with phony customer service with bad intentions. There are plenty of ways to get this point across.

When guests are unable to communicate a firm “No,” they’re known to receive routine courtesy calls that offer further incentives, free accommodations and even forced to attend presentations. Mandated “owners update meetings” are a common way the resort attempts to gain control of the visit. Although this is normally presented upon arrival, some places have been known to harass visitors throughout their stay, even making threats if they don’t attend one of the meetings.

Even when guests are able to escape the hotel lobby and avoid relentless phone calls, most destination cities are riddled with timeshare offers. Off premise concierges (OPC) are one of the ways timeshare developers attract tourists. These are usually in places that are the most popular for travelers. Whether guests go to the beach, walk the strip, or attend an event – you can almost guarantee someone is looking to close them on something. While most tourist-focused businesses are overpriced, the cost of a timeshare can be devastating.

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If you’re going to give a timeshare as a Christmas gift, you have to acknowledge the possibilities. Although it may seem like a nice gesture, the main beneficiary is going to be the resort. While not all timeshare experiences are bad, most resorts are greedy. Preparing guests by educating yourself on expectations can go a long way. You never know, it could save someone receiving a Christmas timeshare gift a lot of money and a whole lot of heartache. 

If you’re frustrated with your timeshare or you know someone that is, we’d be more than happy to help. All of our consultants have been trained to avoid haggling and stick with the facts. We understand a majority of timeshare owners have been put through the ringer and the last thing we want is to be categorized with the deceit. At the end of the day, we know how to get out of timeshare contracts and take pride in delivering on our promises. To learn more about our attorney based process, you’re more than welcome to schedule a free consultation or proceed with the qualification form below.

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Are Timeshare Promotions More Appealing During the Holidays?

Are Timeshare Promotions More Appealing During the Holidays?

Americans shell out an awful lot of money during the holiday season. The increase in indulgence is fairly apparent. From Black Friday deals to Cyber Monday specials, nearly every product or service looks to take advantage of loose spending habits during this time of year. Whether consumers are looking for unique ways to stuff stockings or preparing to host family, the planning and shopping seems ceaseless. The distractions and temporary priorities give travel companies and resorts quite the opportunity to position timeshare promotions.

When you think about it, the preparation for the holiday season isn’t the only thing that occupies the minds of people this time of year. Parents have to adjust to their kids being home from school after getting used to their absence. Entertaining them and guests is a job in itself. Catching up with family in general can also be exhausting when you’re limited on time. Managing grocery lists, attending holiday parties and experiencing everything you can in the short span of the season can be quite a blur. But the joy that it brings most is well worth it.

People Want to Enjoy the Holiday Season in Style.

When Christmas is finally over and people start thinking about their New Year’s resolutions, they want to be able to look back at this time with satisfaction. Participating in things worth remembering is what life is all about. It’s why a good portion of our culture invests in holiday vacations this time of year. Since the excitement of the season remains constant, people enjoy adding to the experience by getting away. This helps them rejuvenate while creating lasting memories in new places with people they love.

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Why Consumers Decide to Partake in Holiday Travel.

While some say the holiday season is kicked off by Halloween, not many people look to treat themselves to anything other than candy and costume creativity. The holidays are often seen as a time where family, friends, football and food come together. With that being said, the week before Thanksgiving is typically when the fun begins. Why? Because most people are off work while the kids are out of school for consecutive days. While Memorial and Labor Day weekends tend to be a blast, there isn’t much opportunity to maximize a vacation.

Although most holiday travel arrangements are strategically planned and budgeted for, many people end up trying to sneak a quick trip in during time off just to get away. Some are simply looking to escape the cold and enjoy the outdoors in a warmer climate. Others just want to fulfill their desire to travel somewhere nice for a change. If you’ve ever been forced to spend the holidays alone, then you can probably understand why escaping can be appealing.

At the same time, an eagerness to travel isn’t always the reasoning. Some people prefer to gift their loved ones with experiences instead of wrapping Christmas presents. This is especially true when most of the family is around. Although this is becoming more common with parents of spoiled children, taking people on vacation can be a great substitute for anyone during the holidays.

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Why Are Sporadic Vacations Popular This Time of Year?

Like we already mentioned, an underwhelming holiday season can be a good reason to get up and go somewhere. Whether the kids are finally grown and gone or plans fall through, the inclination to go on vacation during this time is always there. Sometimes, the only thing holding people back is their ability to travel. But financial limitations don’t always keep people grounded.

When people just can’t seem to catch a break and experience a holiday season like the Griswolds, there’s always an opportunity to book a brief staycation with the family. While it may not be super exciting, it allows people to escape the reality of their situations so positive memories can presume. While it may not be the cheapest time of year to shop for a trip in Florida, hotels in colder weather climates with indoor pools usually suffice. It’s an easy decision for those looking to hit the reset button. 

Other reasons for sporadic vacations during the holidays normally revolve around last minute invites, unused airline miles or available trips that someone you know can’t make. There’s always an uncle or co-worker that has a last minute emergency or inconvenience that cancels their plans. This gives someone an opportunity to use their condo, guesthouse or timeshare for little to nothing – or even free. Not many people will turn down discounted travel packages. Which is why many consumers are intrigued by holiday timeshare promotions.

The Appeal of Timeshare Holiday Promotions is Real.

For most of us, we don’t have a cousin that’s a flight attendant. Many of us will never even be offered a gifted stay at a resort by someone we know. But it doesn’t mean we don’t wish for an ability to travel in style. During the holidays, companies selling vacation ownership are most certainly out and about persuading shoppers to indulge in their limited timeshare promotions. 

For most, it can be hard to ignore an appealing timeshare sales presentation or advertisement that’s seemingly cheap. Especially when we’re approached during a time when your spending ceiling is a lot higher than usual.

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How People Come Across Timeshares During the Holidays.

If you don’t remember ever coming across a timeshare sale during the holiday season, chances are you’ve been too busy to notice. Nearly every mall is equipped with multiple off premise concierges (OPC’s) that promote enticing offers for destination travel. While most are staged signs atop a small podium with blank forms, some involve more engaging kiosks with aggressive salesman

If you’re waiting in line for Santa Claus, it may seem harmless to submit your information for more details. But once they know how to contact you, they’re relentless. Bass Pro Shops was recently in the news and took a lot of heat for Bluegreen Vacations’ pressure filled setup in their stores. From 2016-2018, nearly 15% of the global timeshares’s revenue came from the retailer. 

Every holiday season, thousands of consumers ignorantly hand over their contact information in exchange for a resilient sales pitch that never ends. Whether they’re attending an event, theme park or on vacation in a popular destination, these leaching operations persistently harass them until they give in or walk away

Making an impulse decision becomes easier when people are led to believe the timeshare package is a limited time offer. It’s the same reason why consumers will buy an extra big screen TVs just because it’s half off on Black Friday. When so many things are going on around you, it’s difficult to know for sure what you might be missing out on. Because of this, many people don’t want to pass the opportunity up. Although holiday timeshare promotions may seem legit, understand that sales teams are paid handsomely to close you quickly.

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Why People Are Intrigued By Timeshare Holiday Deals.

Due to the business of the season, it can be an emotional time of year. Shoppers usually aren’t fully cognizant of what they’re doing due to fatigue and a never ending to-do list. Hectic schedules and deadlines force many to look for a method of rejuvenation when they’re on the last leg. Enter an appealing timeshare promotion. While the offer may initially catch people off-guard, the more they think about it, the more they feel like they deserve a vacation.

Some people have never thought about taking a legitimate vacation before. They might want to try to be the hero of Christmas or prove they can treat their family to something nice. Instead of thinking about the extent of the timeshare promotions, they might be blinded by the possibility. While this is normally the case for gullible buyers, it’s definitely magnified during the holidays. The frenzy of the season could easily be bypassed by an affordable trip to Branson, Missouri.

When salesmen go into detail about how timeshares are assets and that other family members and friends can use it, the intrigue continues to grow. But what normally gets people to sign the dotted line of perpetuity are the additional perks and free gifts presented to them. Consumers love free stuff, whether it be dinners, events, shows, resort stays or other forms of entertainment. If we could give you one word of advice, it would be to not take the free gift cards, tickets, vouchers and passes. Anybody that has to pay you in order to persuade you to buy what they’re selling can’t be trusted.

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Avoid the Bait by Timeshare Conglomerates.

Discounts on vacations is a rarity in today’s society. Especially when it comes to a timeshare. Maintenance fees, special assessments and other surcharges make the purchase more than meets the eye. While the actual cost of most travel deals aren’t backbreaking, misleading timeshare promotions can definitely break your bank. Before committing to a resort and destination you’ve never been to, make sure you fully understand what you’re getting yourself into. 

Walking away from enticing offers during the holiday season is the best thing all consumers can do. Taking the bait of a timeshare promotion can leave you reeling for years to come. The last thing you’ll want is the continued reminder of a Holiday purchase that never resulted in any positive memories.

If you or someone you know feels trapped in a timeshare agreement, we’d love to help. A free consultation with one of our timeshare experts will provide you with clarity on next steps. If you’ve already made the decision to legally get out of a timeshare contract, you can always proceed with our qualification form below.

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. 

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