Timeshare Exit Options Pay Endorsers to Increase Team’s Credibility

Timeshare Exit Options Pay Endorsers to Increase Team’s Credibility

For most timeshare owners, finding a way to get out of their contract is a grueling experience. By the time buyers are ready to abandon the resort’s ship, it’s usually a challenge for them to know who to trust or where to turn. Although a good portion of timeshare exit options are all talk, the lack of consumer trust normally stems from the resort experience as a whole. When a prominent hotel chain has the nerve to swindle them, they’re almost certain others will.

It’s not easy for the average Joe to understand what buyers experience before they see that the expensive timeshare purchase as a mistake. Many spend thousands of dollars trying to make it worth it. Others even try to recoup some of their losses through resale opportunities with no prevail. For the most part, fractional owners are sold on possibilities, but often left feeling used or betrayed by the empty promises. It’s difficult for them to let it go.

By the time buyers realize that terminating a timeshare agreement is worth considering, their skepticism is at an all time high. But can you blame them? Aside from the fear of being taken advantage of, the sheer number of timeshare exit options alone can be quite overwhelming. Deciding which will be the most beneficial is something fractional owners are rarely able to do on their own.

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You see, many relief agencies use the same sales tactics as timeshare sales teams do. They smother unhappy buyers with promises and empty guarantees in order to lead them into another vague, impulse decision. But some have discovered – even from the beginning – that consumers value products and services that are seen as a trusted commodity. When you think about it, the easiest way to get people to believe in a timeshare exit team is to pay famous people to endorse it. Specifically, celebrities that most timeshare owners know and appreciate.

How Paid Endorsements Aid Timeshare Exit Teams.

If you’ve taken the time to analyze your timeshare exit options, then it’s highly probable that you’ve come across Reed Hein and Associates’ Timeshare Exit Team. This operation has been spending excremental amounts of money on radio advertisements and weight-carrying public endorsements for a while now. Since they have a catchy company name, it’s easy for disgruntled buyers to remember where to turn when they feel relief is necessary. Especially if a financial guru gives the Exit Team a plug.

The Dave Ramsey Timeshare Exit Option

When timeshare owners find themselves in a financial pickle, one of the many places they turn to is Dave Ramsey’s Financial Peace University. If you’ve ever taken one of Dave’s classes or purchased one of his products then you’ll know that he spends a lot of time warning people about timeshares. Although his message is geared more towards people looking to prevent or escape the burden of debt, he helps a multitude of people realize that the pursuit of an enjoyable timeshare experience is nothing more than chasing a mirage.

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Because of his straightforwardness towards fractional ownership, Reid Hein and Associates saw him as the perfect spokesman for their newest venture in the timeshare cancellation industry. For years now, they’ve been paying him to market their product and endorse their solutions. While he doesn’t specifically explain the Exit Team’s specifics, his influence leads masses of consumers to believe they’re by far the best option.

Since Mr. Ramsey talks a lot about why he doesn’t believe in vacation ownership, Timeshare Exit Team doesn’t exactly have to do much persuading. Because his recommendation carries authority, it also allows them to avoid explaining their services. But even Dave’s personal recommendation seems a little biased. “If you own one and feel stuck, Timeshare Exit Team provides a way out. They’ve been doing this for over 7 years, have successfully exited THOUSANDS of MY listeners, and are the ONLY exit company I recommend.” Either way, many timeshare owners pay the Exit Team, without asking any questions, because Dave said so.

The Timeshare Exit Team Steve Harvey Endorsement Ploy.

When it comes to Timeshare Exit Team, leveraging Financial Peace isn’t the only way they’ve been able to capture the owner’s attention. Steve Harvey has also been a long advocate for the Exit Team. Aside from his ability to influence minorities (specifically the African American community), Harvey has also been a staple as the host of Family Feud amongst other ventures. He’s commonly known as a well respected man that only endorses quality companies.

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Reed and Hein’s decision to use both of these gentlemen was a great idea, but it doesn’t mean they’re the best in the business. Since our goal isn’t to bash our competition, we encourage you to shop the estimates you receive to ensure you’re getting the best deal. Just because a famous person says they’re trustworthy, it doesn’t mean all cases result in positive outcomes. If you take the time to read through reviews and complaints, it will tell you a lot about the actualities of the service. When endorsers are getting paid to praise, you can’t exactly expect them to shed light on the negative side of things.

Other Timeshare Exit Options Pay for Endorsements Too.

In the internet realm, you can find nearly anyone with a following that aligns with your agenda. Another influential person in today’s digital marketplace is a man by the name of Steve Sanchez. His radio show and podcast has been deemed, “Water-Cooler Talk on Steroids” and generally consists of strong Christian views for a conservative audience. His special appointment listening and viewing allows him to make listeners feel as though they’re apart of something and only fed the truth.

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Since the Steve Sanchez Show has been around for nearly 30 years, he has plenty of influence. This is why Wesley Financial Group decided to take a page out of Reed Hein and Associates’ book and pay Sanchez to make a similar statement about their timeshare exit options. While it almost seems like cheating, it’s easy to understand why so many people buy in. His aggressive mentality motivates people to take action and Wesley Financial could surely use the boost.

Laura Ingraham Was Paid to Help Resort Release Recover.

Even the “most listened to woman in political talk radio” joined in on a kickback campaign. Resort Release, who has been known by multiple different aliases ended up recently paying Laura Ingraham for a personal recommendation. Like the other “celebrities” mentioned in this article, it’s highly unlikely Ingraham knows much about the timeshare exit option. But since she has thousands of followers and an in-demand voice, the relief operation couldn’t help themselves. This occurred just before their well-known bankruptcy filing in Florida in an attempt to escape multiple lawsuits filed against them by timeshare giants. We’ll call it one last gasp for air.

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Choose Timeshare Exit Options Wisely.

Although paying influencers to market a product or service is becoming more common, consumers are starting to see through the noise. There’s a difference between endorsing something you like or use and something you’re paid to promote. While the strategy can be effective, it’ll be difficult to sustain if the service isn’t superior. As we’ve covered in other articles, the timeshare industry is riddled with people telling you what the best timeshare exit options are. Whether review websites are paid for leads or resorts pocket from kickbacks, doing your homework goes a long way.

At VOC, we believe in an authentic approach. We’re not in business to persuade people we’re the best, we’d rather show you. While it may be difficult to know who to use or where to turn when it comes time to exit your timeshare, try to eliminate the noise and make a decision that’s best for you. Anyone that needs to pay someone to be seen as a trusted commodity should be questioned extensively. To learn more about our attorney based exit process, you can either schedule a free consultation or proceed with the qualification form below. 

Can I Rent My Timeshare? The Reality of Mortgages, Fees, Cost and Return.

Can I Rent My Timeshare? The Reality of Mortgages, Fees, Cost and Return.

The timeshare resale market is often viewed as an area of opportunity for vacation owners to “make some money” when times get tough or they grow tired of their interval. Nearly every day, we speak to someone wondering, “Can I rent my timeshare when I can’t use it?” While those posing this question are sometimes convinced they can profit off of something that has inevitably failed them, most simply aren’t sure what’s true. Like we’ve mentioned in previous articles, this oblivion is mostly due to the deceptiveness of the initial sales presentation

During the purchase itself, many buyers are told they can easily resell, rent or even refinance the purchase at some point if it better suits their needs. A number of things are strategically communicated to prospects in order to put them at ease about the perpetual commitment. Even when some buyers ask the right questions, sales teams know how to respond in a vague manner while using perks and possibilities as a distraction to concerns. Floating the idea that buyers can effortlessly resell or rent a timeshare is down right criminal to say the least. But resorts aren’t the only entities that deceive fractional owners.

The Idea of Timeshare Rental is Meant to Seem Promising.

When consumers find supporting misguidance from resale programs or bias timeshare resources, it encourages them to waste a tremendous amount of optimism and capital on something that was never truly opportunistic. While the message relayed might seem promising, it’s hardly true. Buyers should already be leery of this after the timeshare presumed expectations that didn’t match the experience. Any fractional owner or person intrigued by vacation ownership should look at all information about timeshares as questionable at best.

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Let’s make one thing clear, we’re not here to persuade you that our perspective is better or that timeshare cancellation is your best option. We simply believe that owners deserve to know how to critically analyze what they’re told regarding a purchase of this magnitude. If you’re really wondering, “Can I rent my timeshare,” then you ought to know what you’re actually getting yourself into. In order to explain what the timeshare rental process really entails, we have to be able to look at the entire picture. This way, you’ll be able to see that our perspective is valid and that intent isn’t to mislead you further.

3 Types of People That Buy into Renting Timeshares.

If you took the time to poll every owner that tried to rent out a vacation property, a majority of them would tell you to avoid the attempt at all costs. We know this because a good number of them eventually call us. When buyers initially experience remorse, they normally consider selling the timeshare first. This is because they mistakenly believe the property is an asset and holds value. But once they realize getting rid of a timeshare just isn’t that simple, renting tends to always be the fallback plan. 

Unfortunately, the decision to continue pursuing resale by leasing intervals is usually a costly one. While many fall into the timeshare rental trap out of desperation, there are others that truly believe renting their timeshare is a great idea. Below, we do our best to give you an idea of their reasoning and motives. Challenge yourself to see if you fall under one of these categories. If so, try to honestly justify your optimism by the end of this article. 

1. Gullible Owners that Don’t Challenge Sales Pitches.

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The biggest income opportunity for timeshare companies is vulnerable buyers. While many new owners believe the sale is over once the contract is signed, it most certainly is not. The sales cycle for vacation ownership never ends. Because of this, gullible buyers are often preyed upon throughout their ownership experience. These types of people often paint a target on their backs for their willingness to say “yes” to resort upgrades or suggestions. Sadly, most of these recommendations only benefit the timeshare or its affiliates.

When they repeatedly do as they’re told and trust the pitch instead of investigating every solution, they often find themselves in a lopsided situation they can’t escape from. If you’re asking the resort, “Can I rent my timeshare,” you have to understand why they’re going to tell you “Yes.” Using their resale programs allows them to continue collecting your payments with the potential to make even more money off of your inconvenience. The same goes for third party rental platforms that promise you returns.

Those that are easily persuaded – by either or – rarely last long as owners due to the contractual binds they place themselves in. After maximizing options in an attempt to “fully enjoy an experience” they’ve yet to receive, many have little to show for it. When they reach back out to the resort for guidance, many are sold on points programs or the concept of selling or renting timeshare weeks to make some of their lost money back. These people often have the money to spend, but no cognizance of how they’re being taken advantage of. The elderly normally reside in this category.

2. Owners that View Timeshare Rental as a Saving Grace.

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While many timeshare owners look to leasing because of an overall disappointing experience, some have no choice but to decrease their overall spending. Whether vacation ownership was the culprit for financial hardship or not, all fractional owners end up paying more than they budgeted for. This usually causes unexpected financial problems for those who had no business owning one in the first place. 

In case you didn’t know, resorts specifically target low income households because it allows them to hold the user hostage when funds run out. These types of people are easily persuaded because vacationing is currently considered wishful thinking. An impulse purchase usually transpires when they’re offered free gifts and “once-in-a-lifetime” vacation packages that seem to be affordable. But once they realize they’re in over their head, they frantically look for a way to recoup any of their losses just to stay afloat. 

Whether broke vacation owners desperately try to rent their timeshare through a third party or the resort itself, they’re often relieved by the promises they receive. Some are so ecstatic about the possibility of offsetting their costs that they blindly pour more of their precious capital into advertising in hopes of expediting the timeshare rental process. When timeshare renters or buyers never surface, the outcome is monetarily devastating for those already low on cash. Look, if you’re struggling to keep up with payments, leasing the property will never be your saving grace. There are just too many retail travel options to compete against.

3. People Who Buy Timeshares With Intent to Rent Them Out.

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Over the years, we’ve spent an awful lot of time analyzing online searches regarding timeshare ownership. When it comes to the search phrase, “Can I Rent My Timeshare,” we found that some inquiries are performed by aspiring investors. The problem is – like we said before – the online guidance regarding timeshare rentals can be quite misleading. This causes a number of aspiring entrepreneurs to pull the trigger on what seems to be a promising opportunity with an easy return. 

At the same time, multiple timeshare purchases aren’t always pursued as initial investments. First time buyers with high income levels often purchase additional timeshare packages with the intent to rent when the initial purchase doesn’t work out. They believe a quantitative approach will increase their chances at usage while they make money on unusable intervals. While this may seem like a smart solution to a less-than-stellar timeshare, what happens when you can’t rent or get rid of either property?

What ends up happening is, the financial competence of these types of buyers allows them to be patience while they await a sale. Most view timeshare rental or resale like that of selling or remarketing a house. But it’s nothing like that. Although a lack of interest during the first 6 months may seem normal to them, a year or more of no return can financially cripple their aspirations. The demand for vacation ownership isn’t anything like the residential real estate market – and it should never be viewed that way.

When you assess the reality of timeshare sales, people end up buying because they’re aggressively sold or misled about investment return. Nobody – besides the resort, resellers or investors – are looking to rent a timeshare. They’re looking for those asking, “Can I rent my timeshare,” because they want to take advantage of their desperation so they can make money. Trying to make supplemental income on something people aren’t looking for is a good way to lose a lot of money. Truth be told, many owners can’t even get rid of timeshares for a dollar

The Disadvantageous Cost of Renting A Timeshare.

Since we’ve hit you with a lot of hypothetical scenarios thus far, we can understand if you still think you can successfully rent a timeshare. So, let’s take a look at some of the disadvantages that renting brings before breaking down how much it will more than likely cost you to try.

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1. A Large Investment of Time and Money.

Once owners begin the timeshare rental process, they’re normally caught off guard by how much time it takes them to setup the listing. Not only will you need to provide ample descriptions, a list of amenities and up-to-date imagery, but you’ll also have to manage availability and booking. Although the initial listing cost is fairly cheap, costly upgrades are usually offered to help you with setup and increase the exposure or appeal of the property. 

While every rental platform is different, most recommend advertising to improve results. What was originally viewed as an easy way to profit off of an unused week can quickly add hundreds of dollars to your monthly timeshare expenses – with no money earned. This is especially frustrating when buyers spend countless hours managing their listing.

2. No Guarantees Should Catch Your Eye.

Even though a timeshare rental pitch may sound great, you have to understand that nobody can make promises regarding resale outcomes. Unless there is some sort of money-back-guarantee in writing, you can’t buy into the things you’re told. Far too many owners confidently partake in rental opportunities without much thought because they’ve been reassured the result will be favorable. But even when resale reviews seem positive, you have to learn to separate sales pitches from reality in the timeshare industry. Like most relief options, they’re nothing more than a revenue ploy.

3. Timeshare Rental Scams Are Real.

This disadvantage is pretty self explanatory. Whether you’re looking to rent a timeshare due to dissatisfaction or supplemental income, predatory agencies are built to collect payments and drag out the process. Since most scams are run by former timeshare employees, the operation knows how to dupe and persuade vulnerable owners. They know how to create phony company information so they’re perceived as a valid business with a reliable reputation. Like resale and exit fraud, rental scams should concern you.

4. An Unwarranted Peace of Mind.

One of the most overlooked elements of misleading timeshare rental practices is the simple fact that most owners believe they’ve found resolve. In the midst of financial hardship or extreme inconvenience, they temporarily feel as though they can see the light at the end of the tunnel. Sadly, many continue the cycle of regret when they’re left feeling duped and betrayed by another entity that promised relief. Creating peace of mind with empty guarantees while the owner makes payments is pretty low.

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Breaking Down the Actual Cost of Renting Timeshares.

When you take the time to analyze the overall expense of timeshare remarketing, it can be quite staggering to say the least. In this example, let’s assume the aspiring renter pays around $4500 per year for their mortgage, maintenance fees and special assessments. We believe this is a generous number (below average) which breaks down to about $375 per month. If the owner were to spend $1000 on remarketing setup, management and advertising, it would add $83 to their monthly total ($458). If they purchased an additional timeshare interval with the intent to rent the property, then we can double this total ($917). 

After inspecting some online reviews for “successful” rental solutions, we found that most happy owners typically waited at least 6 months before they saw results. This means, the average reseller spent nearly $3000 before any transaction occurred. While they may have collected a few thousand for the week, they’re still on the hook for the remaining balance. If you owned 3 properties and only rented one interval then your expenses could be extremely one sided – and not favorable by any stretch.

Keep in mind, this scenario is assuming you find someone to lease the timeshare. If you’re experiencing financial hardship, you can see why this isn’t a wise choice. If you’re purchasing multiple units with the intent to rent or sell, then you’ll be digging quite the hole to kick off your investment project. If you don’t take the time to research the purchase initially or any other option throughout, you could find yourself swimming upstream for quite some time.

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So Do I Rent My Timeshare or Not?

In conclusion, renting timeshare intervals is one of the biggest mistakes fractional owners make. While you may not value what we have to say – because we specialize in terminating timeshare contracts – we hope this article has given you some insight on the reality of reselling your perpetual property. We understand that a number of third party agencies and biz operations have had success with timeshare rentals, but it doesn’t necessarily mean you’re equipped to experience the same. 

Many of these resale companies know how to prey on desperate timeshare owners, purchase intervals for nothing and target unexpected consumers with what seems like amazing deals. Unless you’re a con artist yourself, it’s going to be difficult to compete with these guys. They know how to publish mass income opportunities and “stay at home jobs” that attract uninformed consumers – you don’t. In most cases, you probably don’t even have the capital available to pull it off. Even Disney timeshares, that are high in demand, are hard to resell or rent on your own. 

If you really think, “I can rent my timeshare and make some money,” we encourage you to explore other options. Instead of waiting years to master the process and coup a few thousands dollars, you could cancel the timeshare agreement altogether and move on. What could potentially turn into a loss that exceeds tens of thousands of dollars could eventually be avoided with a one-time-payment that’s significantly less. 

To learn more about our attorney based process and our experienced staff, you can schedule a free consultation or proceed with our qualification form below. 

How to Go About Qualifying Timeshare Information on the Web

How to Go About Qualifying Timeshare Information on the Web

Whether timeshare owners enjoy their interval or not, most will tell you the distractions that come with the purchase can be quite overwhelming. From the resort’s high pressure upgrades to third party resale and exit programs, the noise of the industry is tremendous. Buyers that are unprepared for bombardment often endure a subpar experience. Those that avoid impulse decisions and invest time in qualifying timeshare information are usually familiar with an enjoyable one. It’s no secret that many owners regret their decision to buy one. But a lot of the time, how they manage the purchase isn’t always their fault.

As we’ve been analyzing the noise of timeshare travel over the past few weeks, we’ve noticed that there’s been one constant. Every claim, opinion or sales pitch has essentially derived from selfish ambition. No matter who’s presenting to fractional owners online, their purpose and goals are pretty much one sided. The consumer is rarely considered and often times led to believe in something that simply isn’t true.

At VOC, Accurate Timeshare Information is Important.

While most timeshare websites will do anything for your attention, we hope you find our blog refreshing and advantageous to your goals or desired outcomes as an owner. The last thing we want you to think is that we’re apart of the noise and trying to persuade you to cancel your timeshare contract. Although termination tends to be the best case scenario when you’re in financial trouble, making smart decisions is the most important thing every owner should do.

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Qualifying timeshare information not only helps you avoid deceitful schemes, it allows you to make wise, confident decisions. This is where we want to help. If you’ve been tuning into our blog over the last year, you should have a good understanding for the way timeshare companies persuade potential buyers and their current owners. Aside from the resort, you should also know just how conniving predatory agencies can be. Even review platforms and oblivious, misinformed keyboard warriors can be pretty convincing these days. 

At VOC, we don’t want you to have to navigate these voices alone. Just the thought of it can be overwhelming. At the same time, knowledge is power. When you take the time to understand who is targeting you and why, then qualifying timeshare information becomes easy. Similar to finding the best deal on a car, you can’t rely on the salesman’s song and dance to guide you.

Avoid Making Lazy Timeshare Decisions

No timeshare owner wants to wonder which deal is real or regretfully pay for a property they don’t understand. But in order for them to see through the nonsense, they have to educate themselves on reality. We’ve been able to prove that you can’t believe everything you read on the web. In most cases, it’s not that easy to verify the advice you receive. But ignoring ambiguity here can be extremely costly. The good news is, we’ve put a lot of time into teaching consumers how to go about qualifying timeshare information.

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Timeshare Information Worth Qualifying.

While the general public has enjoyed our exit fraud checklist and the coverage on the aforementioned topics, these aren’t the only channels in the ears of timeshare owners. So in our last installment of this series, we thought we’d highlight the remaining influential strategies that can fog the judgement of buyers and alter the enjoyment of their experience altogether. The reason why so many are misled online is the simple fact that sales driven organizations know more about the consumer than the consumer knows about them. So, hopefully this next section provides additional clarity on the intentions behind most timeshare spiels.

1. Resort Employees Are Often Incentivized.

Timeshare companies have now realized there is far greater potential when targeting people online. In the past, they were limited to telemarketing techniques, partnerships and even street teams. They now have the ability to publish and recycle digital content while leveraging consumer data to persuade people to buy or spend more. This benefits no one more than the resort’s employees – that are incentivized to sign up new members. 

Every fractional owner that is placed under a new perpetual agreement (first time buyers or upgrading owners) comes with a handsome reward. Since we already know prominent resorts often attempt to control the narrative in the timeshare industry, you have to assume employees are following suit. Any way they can garner a lead on the web will be maximized. While many keyboard warriors are motivated by a negative or misguided experience, some are simply an extension of the resort itself.

Moreover, the masterminds behind a majority of timeshare exit scams have been former resort employees. They know how to cater to the emotions of fraction owners and leverage their desire for a satisfactory experience. Online messages, chats and other forms of media can be used in a number of ways to garner some sort of payout for those affiliated (or formerly affiliated) with the resort. 

While some employees eventually choose to speak out against timeshare sales tactics, most of the communication is extremely biased and misleading. This is why qualifying all timeshare information, no matter how intelligent it sounds, can save you a lot of disappointment and even more money. When you don’t validate what you’re reading, there’s no telling who’s behind the ploy and what their intent actually is.

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2. Affiliates & Third Party Referral Commissions.

When we discussed the maneuvers of timeshare review websites last month, we touched on the way these platforms utilize SEO and marketing to their advantage. Recently, timeshare companies have started to adopt this as well. Since they really only specialize in one thing, selling intervals, they’ve started hiring external agencies to decrease their acquisition costs. One of the ways they’ve set out to accomplish this is a quantitative approach called back-linking.

In this process, contracted digital arms (affiliate marketers or lead generators) direct online users to a unique website landing page by posting comments and publishing other forms of content online. Enticing, misleading messaging can be placed on articles of popular websites, social platforms or on any domain that allows display ads. The performance of the affiliate link is measured by the number of clicks, the time spent on the destination site and how many visitors convert (submit their personal information). Those managing the blasts are compensated based on the goals of the payer. 

We mention this element of influence because, like resort employees, these publishers are motivated by selfish ambition. They’re not exactly interested in communicating truth, rather persuading people to take action. By placing thousands of links across the internet, they know someone is bound to take the bait. Tons of people eventually fill out contact forms after stumbling across a phony comment that links to a free giveaway, guarantee or relevant solution. 

While an emotional owner (or enraged family member of one) can mislead a lot of people on the web, the greed of commissioned marketers is a lot more dangerous. Once a timeshare entity has your personal data, they can continue to bombard you with offers or alluring services however they please. By qualifying timeshare information and following the breadcrumbs (digital paper-trail) of these posts before taking action, you’ll realize most backlinks are nothing more than a mirage.

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3. Timeshare Information Websites.

While the purpose of affiliate marketers and timeshare review platforms is to elicit leads for a payout, some websites look to gain authority within the marketplace. Although some of the content they publish is valuable, these operations tend to only publish insight that benefits them. For example, TUG (Timeshare User Group or TUG2) claims to be a “non-biased” user group platform but they apparently delete comments that don’t align with their personal agenda – which is to send timeshare owners to brokers through their platform. 

Since the website is run by a team of experienced digital marketers, they rank fairly well in search engines. This allows them to be visible on a number of online searches regarding timeshare ownership. The problem is, they spend a lot of time promoting resale programs and telling visitors it’s impossible to legally get out of timeshare contracts. When you analyze their comments, it’s easy to assume users actually work for TUG. What’s even more concerning is that they come off as a legitimate influence but details of their claims aren’t available unless you pay for a membership. 

Some former members have even claimed the site made their private information public. Other users have even pointed out some of TUG’s authors manage their own timeshare rental businesses. Since we’re not in the business of getting into keyboard cyber battles with biased teams of marketers, we’ll allow you to judge the narrative for yourself. Either way, a plethora of websites like this exist online. Qualifying timeshare information in these places will help you understand how greedy operations leverage false, baseless information to their advantage.

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How to Qualify Timeshare Information on the Web.

Look, we live in an era where the internet’s information highway is at full throttle. Sadly, it’s difficult to find much truth about timeshares online right now. Far too many entrepreneurs, scam artists and marketers are blinded by the opportunities to make money off of vulnerable buyers. In order to avoid the narrow-mindedness of most forms of communication, you have to start qualifying timeshare information on your own.

Before you believe in something you read, you have to ask yourself a few questions. Is the person, account or company aggressively trying to alter my perception or persuade me to adopt theirs? Do they come across as selfish or arrogant? Does it seem like they’re more interested in getting me to listen to them instead of listening to me? Are their claims vague or irrelevant to what I’m seeking? Is what they’re communicating verifiable? If you’re unable to reach a level of confidence, then it’s never worth your time. 

At VOC, we take pride in being able to answer all of your questions and take into consideration your personal experience. Not every fractional owner views the purchase the same way. Not all disgruntled buyers need to get rid of timeshares. At the end of the day, owners simply deserve an ability to find an ideal solution that makes sense for them. But unless they’re committed to qualifying timeshare information, it’s going to be hard for them to know what to do.

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.

The Timeshare Financial Burden is Causing Buyers to Cancel

The Timeshare Financial Burden is Causing Buyers to Cancel

For the most part, fractional ownership is one of those major purchase decisions that can be a shot in the dark. Whether potential buyers know nothing about timeshare travel or they are fully aware of the industry’s pitfalls, both are essentially rolling the dice when they don’t thoroughly analyze what they’re signing up for. No matter how or why an owner arrives at the point of regret, the timeshare financial burden is usually the driving force. When maintenance fees, taxes, assessments and interest catches buyers off guard, they quickly realize the expense wasn’t exactly something they could afford.

While it’s easy to blame the consumer for biting off more than they can chew, it’s important to understand how timeshare companies go about positioning their product. Resorts intentionally target those that can’t quite travel to desired locations because of limited incomes. Free gifts, vouchers and travel packages tend to appeal to this audience more. When they’re offered a seemingly low price for an annual trip they never dreamed they could afford, many are willing to rearrange their spending to make it work.

Higher income families aren’t as advantageous for resorts because they’re less likely to conform if timeshare financial concerns arise. People that make more money typically do so by making good decisions. Those living comfortably aren’t going to allow themselves to be at the mercy of the resort if the purchase doesn’t work out. Instead of funneling more into the purchase, they’re more likely to spend their capital on timeshare cancellation services or other methods of relief. 

Pitching supposed travel deals to people that have no business making this type of purchase is downright criminal. But it’s the reality of the business. Every year, tens of thousands of consumers anticipate an experience that never transpires. Once they discern that listening to an incentivized salesman was a huge mistake, it’s normally too late. At this point, they’re forced to completely alter their spending just to avoid more fees or worse – like the possibility of foreclosure and judgements for the deficiency. 

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The Result of Timeshare Financial Hardships.

When people in general are struggling financially, relationships are often affected the most. While it’s easy to assess the physical aspects of a financial crisis, it’s important to remember the mental or emotional trauma that ensues. The guilt from poor financial decisions can creep into confidence levels and lead to assumptions. 

When multiple people have to endure the hardship, tension amongst family and friends can easily make matters worse. Stress levels can become magnified and bitterness can settle in if people aren’t dealing with loss appropriately. 

Making Sacrifices to Make Timesharing Worthwhile.

When dealing with timeshare financial hardship, buyers ordinarily have to make sacrifices just to cover the unexpected costs of fractional ownership. Sadly, the perpetuity of the agreement regularly reminds them of their mistake. We’ve spoken to hundreds of people desperately looking for help after the timeshare has completely altered their lifestyle. Although the purchase was once seen as an opportunity to get away every year, many realize they can’t even go out anymore.

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Restaurants, local events and other forms of entertainment tend to be the first things eliminated due to tight budget restraints. Holidays, birthdays and other special events also become limited when the timeshare financial burden gets out of hand. Some of our clients have sold personal items of value and even taken on second jobs just to revitalize their quality of life. Nobody would sign up for a timeshare if they knew hidden costs and sacrifices were a part of the deal.

Coping With the Financial Burden of a Timeshare.

Although being backed in a corner may actually help some people gain confidence in improving their income levels, it’s rather devastating more often than not. Going from a state of euphoria to painful remorse can be tough to deal with. Especially when you don’t have the tools, social circle and capital to persevere. Even if you’re able to pay for all that the timeshare entails, you subconsciously know that another costly setback can be disastrous.

Financial Scenarios That Call for Timeshare Cancellations.

When dealing with a timeshare financial burden, many people simply aim to survive the entrapment of the purchase. But this leaves them extremely vulnerable when further financial blows occur. While most people avoid spending more money on something they’ve heavily invested in, there’s always a final straw that lands on the camel’s back. It’s kind of a rule of thumb in life. At some point, you just gotta eat your losses and try to move on.

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Since we’ve been helping timeshare owners find relief for a while now, we know that this reasoning typically surrounds their inability to comply with the timeshare financial agreement. While they may have been able to keep their head above water for an extended period of time, they reach a point where survival mode just doesn’t make sense anymore. Here are three scenarios that normally point users to a third party cancellation.

1. An Unexpected Income Change.

If you’ve experienced financial hardship before, you know that losing a source of income is the worst possible thing that can happen. While other financial obligations may be willing to work with you to soften the blow, timeshares haven’t been known to show much empathy here. Forbearance, restructured payments or downgrading isn’t an option here. Prominent resorts are firm believers in holding buyers accountable for the price they agreed to.

This can be especially difficult for parents who have mouths to feed or the aging community that lacks the skills required in today’s workforce. One of our retired clients ended up having to go back to work after using up an inheritance and taking out a second mortgage on their house. Another told us she had no choice but to legally cancel when the resort refused to alleviate her timeshare financial burden after she lost her job. It was the only line of credit unwilling to do so.

2. A Poor Understanding of the Cost.

Like we mentioned in the past few articles, the actual cost of the purchase is a lot more than what’s initially presented. Interest rates on contracts tend to mislead buyers tremendously. When they’re unable to refinance the purchase to decrease lender’s fees, the annual cost becomes a lot higher than anticipated. Instead of focusing on how much of the principal balance they’re actually paying, they tend to spend more time trying to decrease their monthly payments.

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When owners finally realize the resort isn’t going to provide them with favorable timeshare financial help, they confidently make the decision to legally walk away from the purchase. There’s just no need for them to continue paying for something that they can’t pay off, use or enjoy the way they want to.

3. Sales Tactics are Recognized.

Once fractional owners are able to identify the intent behind the timeshare sales system, they often feel somewhat liberated. Instead of constantly finding themselves frustrated with outcomes and costs, they start to understand how they’re being played. This usually occurs when the purchase is seen for what it is: a liability instead of an asset. Unfortunately, most buyers don’t realize this until they’re facing quite a few timeshare financial burdens.

Another one of our clients reached out to us for help after figuring out the timeshare wasn’t actually offering them solutions. Instead of listening to and addressing their concerns, the resort was up-selling them into further timeshare financial obligations. The major hospitality chain even went as far as ignoring the owner’s cancellation request and charging unknown credit cards without their consent. When the simple purchase accumulated over $100k in charges, they knew a professional exit strategy was their best bet.

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Don’t Let Timeshare Financial Burdens Rule Your Life.

Although buying a timeshare property may seem like an opportunity you’ve always wanted to explore, just know that it’s a risky decision. Unless you take the time to fully assess the purchase, you should never get too excited about the possibilities. Far too many people are currently overwhelmed by a timeshare financial burden that could have been easily avoided. 

If you feel trapped in fractional ownership, hopelessness doesn’t have to be the result. While we do specialize in getting rid of timeshare contracts, there’s always a chance you can work things out with the resort. Knowing how to approach the situation can make all the difference. To learn more about our attorney based process, you can schedule a free consultation or proceed with our client qualification process below. 

How Timeshare Refinancing Actually Costs Buyers More Money

How Timeshare Refinancing Actually Costs Buyers More Money

Over the past few weeks, we’ve taken a deep dive into the reality of borrowing money for a timeshare purchase. If you’ve been following along, then you’ve become well aware of just how costly the expense can be. At the same time, the general population knows little about the financial pitfalls of timeshare travel. Even the smallest bit of information can save most from buyer’s remorse. While the unexpected fees, liabilities and lender rates of a mortgaged property can alone be devastating, the burden usually compiles when buyers decide to pursue the peril of timeshare refinancing. 

After speaking with thousands of unhappy timeshare owners, we’ve been able to develop a solid understanding of the fractional owner’s perspective. At first glance, many see the purchase as an opportunity to go on vacation for a low monthly cost that fits within their budget. Even when they attend the sales presentation without a single intent to buy, the product intrigues them. After hours of pressure filled sales pitches and distracting incentives, many attendees truly believe they can’t let the opportunity pass them up. 

The problem is, when consumers are sold on possibilities instead of realities, they find themselves chasing expectations throughout their tenure as owners. When expectations don’t transpire, they’re forced to cough up more capital to make the expensive decision worth it. Since they’re stuck in a perpetual agreement, they don’t have much choice. You see, the resort doesn’t want them to know companies like ours actually know how to strategically get out of timeshare contracts.

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When buyers are at the mercy of the timeshare, it presents a bundle of revenue opportunities for the resort and its partners – most of which are lenders. They could care less when owners continue to make costly mistakes as long as they remain under contract. This tempts buyers to engage in anything that gives them any type of hope for reducing the burden. Unfortunately, a majority of the solutions presented to owners aren’t favorable.

Should I Refinance My Timeshare to Cut Costs?

Most owners are eager to refinance their timeshare because they’ve been battling high interest since making the purchase. Like we’ve mentioned before, timeshare presentations do a great job of misleading potential buyers. Many would have never signed the agreement had the timeshare salesman not told them they could revise their borrowing rate shortly after signing. Once they realize banks don’t offer timeshare refinancing, they tend to exhaust their efforts to bring the interest rates down.

Whether they restructure their financial obligation with the resort or upgrade into a new contract with lower rates, rarely is either option advantageous. This causes owners to continue revisiting the idea of restructuring timeshare loans with third party lenders – even if it entails unsecured lending or secured lending on assets they own. Once owners make a string of poor decisions, all they can do is hope for some sort of financial relief. But what ends up happening is, buyers find themselves in a whole lot of debt without ideal resources to help them.

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So if you’re thinking about timeshare refinancing to shave a little off of your monthly payments, we encourage you to rethink your strategy. Especially if you’re close to paying off the mortgage. While financial hardship might be staring you in the face, you have to remember that the timeshare prefers that you’re at their mercy. Acting out of desperation can be costly. Telling them that you’re considering bankruptcy or threatening to walk away only gives them ammunition. They’d rather talk you into temporary bandaids that enhance their profits over time. 

Timeshare refinancing is the type of solution that fits right into their “MO.” When you think about it, it’s pretty discouraging to know the resort wouldn’t help you out with a lower interest rate because you couldn’t prove the salesman told you so – but they’re willing to do what it takes to keep you under contract once the purchase completely overwhelms your bank account. But you’ve come this far and there’s no need to keep giving your money away. Restructuring once you’ve paid a whole lot of interest is a bad move. 

The Reality of Restructuring Timeshare Mortgages.

In case we weren’t clear before, refinancing a timeshare mortgage is not a solution to financial hardship. If you look up the definition of solution, it means to solve something. If you’re completely in over your head with a weekly interval or point membership, then restructuring payments will only further your problems by adding even more lender fees. In other words, you’re essentially solving nothing. While you may have some strong reasoning to support your stance, allow us to paint the picture for you.

Say you have a loan with 5 years left on the repayment schedule. If you’ve been paying $359 per month for 5 years already, then you’re probably pretty close to putting a dent in the principal balance (close to $6K of the original $20K loan). Since a typical 10-year term that’s paid within this time frame normally carries $23K in interest, about $15K should be taken care of. While this may be eye opening to most of you, it’s the hard reality of borrowing money with an enormous borrower’s rate. Any large purchase with similar financing (nearly 18% on average) would turn out the same way.

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When timeshare owners allow the resort to sway them into restructuring a timeshare mortgage, they’re basically enabling the money scheme to continue. When they show they’re desperation, timeshare companies have been known to forcefully upgrade them into new contracts and extend the loan back out to 120 months (10 years). Although the “result” is a more “affordable” monthly payment, the buyer now has to cover additional principal. Most aren’t aware of this or they wouldn’t agree – similar to their initial decision to buy.

Timeshare refinancing resets the buyer’s obligation to pay lender fees, even if 65% of the interest on the original loan has been paid. On top of that, 80% of the new loan’s payments will go towards the reset interest, not the remaining principal balance. Imagine paying tens of thousands for nothing, only to start all over again and extend the burden. If you want to lower your monthly costs then you’re better off cutting back in other areas of your life. As you can see, restructuring your loan with the resort only gives them more of your hard-earned money (in the form of interest) with zero added value to your vacations.

Another Example of Poorly Restructured Timeshare Loan.

One of the best ways to explain this is to compare the decision to that of a refinanced car loan that has almost been paid off. Negative equity in the car is created when you pay additional interest on a depreciating vehicle that you can’t even afford anymore. While the overall cost may seem fitting, you have to consider maintaining the car, out-of-warranty repair costs, upgrades, speeding tickets, insurance rates and even gas. At the end of the day, the borrowed amount of the car loan itself isn’t exactly the problem.

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The clear takeaway here is that the best option for the car owner is to give the car back and cease payments altogether; instead of trying to make it work. But it’s not that simple for timeshare owners. Even donating the purchase isn’t always fruitful. Timeshare cancellation services might not be ideal either if you’re worried about additional costs. At the same time, fractional owners know that dragging out unwanted payments just to avoid another purchase else to get rid of the timeshare for you?

Don’t Let Refinanced Timeshare Mortgages Handicap You.

The more consumers allow themselves to be trapped in longer mortgage terms and further contractual agreements, the harder it’s going to be for them to find peace and joy. We’ve helped hundreds of buyers who didn’t even know secondary timeshare loans or resort branded credit cards (backed by Comenity Bank and Barclays) were in their name. The deceitfulness behind the sale of a timeshare can lead you to believe you’re making smart decisions, but you’re really digging yourself into a deep hole. Timeshare refinancing only digs the hole deeper.

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If you feel like you’re being forced to look into personalized lines of credit, unsecured loans or HELOC secured loans against your home to create a rewarding experience, something is wrong. Don’t let the mistake of the purchase cloud your judgement. Take advantage of your consumer rights while thoroughly analyzing every method of payment you involve yourself in. In most cases, there was something presented to you along the way that provides you with leverage to escape the clutches of your agreement. 

You have your whole life ahead of you. There are plenty of better things you can buy with the money saved from eliminating fractional ownership. If the idea of timeshare refinancing is your only hope then we’d love a chance to explain all the options available to you. While it can be hard to trust any timeshare solution these days, we take pride in making sure you qualify for cancellation before we even discuss our services. If you’d like to learn more, simply schedule a free consultation or proceed with the qualification form below.

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