4 Things to Look For in Timeshare Interval Exchange Companies

4 Things to Look For in Timeshare Interval Exchange Companies

Vacation ownership will always be known for its ups and downs. No matter the level of deception exposed, demand still remains. When you think about it, nearly anyone is willing to listen to a pitch about the “affordability” of timeshare travel. Especially when free gifts are involved. Although the sale itself is obviously concerning, the multitude of questionable post-purchase options is definitely noteworthy. Aside from the resort’s in-house solutions, most timeshare owners eventually become bombarded by 3rd party agencies. This is because many buyers immediately look into timeshare interval exchange companies once they realize there’s limited availability at their home resort. Resale, exit and enhancement solicitations (like travel clubs), usually don’t surface until buyers give up on the resort and acknowledge the purchase was a mistake.

Why Timeshare Owners Are Pushed to 3rd Party Solutions.

When timeshare owners find themselves dissatisfied with their purchase, many believe complaining will invoke resolution. But in this industry, demanding satisfaction gets buyer’s nowhere. It’s awfully difficult to work things out with the resort when demands or claims lack substance. If a contract was signed, then an agreement was made. You can’t expect them to budge. At the same time, if misconduct occurred then owners deserve restitution. It’s important they understand the more they know, they better their chances are. Thinking irrationally only allows the resort to use their emotions against them.

man-in-disbelief-that-he-was-scammed-by-timeshare-exchange-company-instead-of-just-canceling-the-contract-with-voc-in-a-blue-tie

Before we talk about exchanging weeks, there are a few things you should know. Timeshare sales teams have been extensively trained to defuse conflict. They’re surprisingly good at turning complaining buyers into upgraded customers. But many timeshare owners eventually realize paying more (for a desired experience) doesn’t solve their problem. When all hope in the resort becomes lost, searching for another form of relief seems logical. While a majority immediately turn to resale or legal services, some initially believe their interval exchange program will solve their main problem with lack of availability, but it comes at an additional expense.

Avoid Irrationality When Selecting an Exchange Program.

Just like any other form of relief, timeshare interval exchange companies need to be thoroughly evaluated before you do business with them. Fractional owners need to realize that 3rd party services can be just as (or even more) misleading than the timeshare company’s ploy. No matter how many guarantees are thrown your way, nothing matters when lies are involved. If you think you’ve been liberated because you’ve officially given up on the resort, guess again. Navigating the waters of hopeful solutions need to be taken seriously or you can easily make matters worse.

making-matters-worse-by-making-a-bad-decision-regarding-timeshare-ownership-man-exemplifying-a-real-head-scratcher

So, What Exactly Are Timeshare Exchange Companies?

Before selecting an interval exchange company, you have to understand what you’re exchanging so you aren’t taken advantage of. A timeshare interval is the actual length of time that you bought from the resort. While most time periods come in week-long intervals, some resorts sell one tenth or a quarter (year) intervals. When you make an interval exchange, you’re essentially trading in the time period of your contract for something similar in value. Many assume this is an equal exchange, but that is not always the case. This is why hiring a reputable company to help with the switch is important.

The main responsibility of timeshare interval exchange companies (in our opinion) is to ensure owners receive similar value in return. This includes properly valuing points before converting them into weekly intervals. At the end of the day, exchange companies should be focused on providing fractional owners with extensive options that extend the life of their timeshare. Anything less than fair is pretty much a slap in the face.

We have to remember that when unhappy buyers contact an exchange program, they’re still trying to get what they paid for. They don’t deserve to be downgraded. But that doesn’t mean an enhancement program will shows empathy. Many deem desperate timeshare owners as an opportunity to earn, not to serve. Although your timeshare sales representative may have said you could freely exchange with 100% of the properties available (on the exchange platform), this may not always be true. It’s important that you inspect your agreement and understand all of its terms before moving forward with the transaction.

Before Contacting a Timeshare Exchange Company.

If you take the time to do your research, you’ll find that exchanging a timeshare can be done in a number of ways. So you need to determine what makes the most sense. Whether you’re off-loading points or straight up swapping the property, get started by listing the companies that suit your needs best. Some options provide geographical perks while others include a wide variety of resorts in destinations across the world. Take the time to compare one-time exchanges and membership programs against each other. Whatever you do, make a confident decision and stick to it.

Before reaching out to any business in this industry, you also need to make sure the operation is a legitimate one. Unfortunately, hundreds of scams dwell in the shadows of the timeshare industry and many of them know how to hide pertinent information from you. In order to combat deceitful practices, you have to know what to look for before reaching out. Confirming business information is a good place to start. If you’d like some tips, we wrote a blog that helps owners identify red flags when seeking relief. We even created an infographic if you don’t feel like reading.

No matter who you end up hiring, keep in mind you’ll always be charged some sort of exchange fee. Don’t be surprised when this fact isn’t prominent during the sale. Many relief programs cater to your frustration more than explaining their solution. The pitch will sound good. This is why you should never settle for the first company that appeals to you. Asking the right questions, knowing the perks and itemizing fees will help you make a sound decision.

older-woman-making-sound-decision-regarding-timeshare-exchange-company-and-enjoying-her-purchase-while-on-the-computer-on-the-couch

4 Ways to Scout Timeshare Interval Exchange Companies.

The idea of getting rid of your timeshare can be exciting, but don’t allow the anticipation to distract you. In reality, desperation is what gets a lot of timeshare owners buried under debt. Remember, the intentions of many timeshare exchange companies are not in your favor. Understand that once you reach out to them, you’ve initiated their sales process. A good percentage of solicitors will not take “no” for an answer. Do your best to stick to your needs and make sure the salesman sticks to the facts. As always, if at any point you’re feeling pressured, it’s best that you just walk away. The longer you stay, the more likely they’ll persuade you.

With that being said, let’s dive right into four things to look for in timeshare interval exchange companies:

1. An established reputation is always a good sign timeshare exchange companies are worth contacting. While reviews may be the obvious place to look, you can also explore company partnerships and affiliations to get an idea of their track record. If the business is connected to a scam or local support hasn’t been established, it’s enough to cause concern. The company’s outlook can also be assessed by researching company employees – past or present. Websites like Glassdoor give those with affiliations an opportunity to speak on their experience. If past employees or customers haven’t been impressed, then you probably won’t be either.  If you can’t find anything reputable (or the bad news outweighs the good), then it’s best you assume the worst. Why would you want to be the guinea pig for a company that has nothing to show?

2. Your questions shouldn’t be met with an aggressive sales approach. No matter what type of relief program you speak to, you have to be prepared to ask questions. The more detailed and uncomfortable your questions are, the better. Getting salesmen out of their comfort zones will help you assess their integrity. Companies that offer honest and valuable solutions tend to be more patient with assumptions or criticism. Their employees are normally better trained to handle conflict. Those that are only interested in the sale will more than likely respond in an unprofessional manner. This should give you enough reason to move on to the next option.

3. Diversified options are a characteristic of quality interval exchange companies. When making this decision, try to think long term. Settling on a quick fix normally puts you right back where you started. Selecting a company with a variety of exchange options gives you a better chance of continuously finding something similar in value. Go out of your way to confirm every capability to ensure you’re not signing up for a mirage. You have every reason to question a sales pitch. If they’re able to prove everything to you and show you examples of current customers, then they’re definitely worth considering. Again, don’t settle for the first company that appeals to you.

4. If your satisfaction isn’t a priority then look elsewhere. Many relief programs will tell you what they need from you in order to provide assistance. While this may not be a bright red flag to some, exchange companies should present a servant’s attitude. They should know they’re not your only option and that there are better solutions out there. Arrogantly treating you like a number is simply bad business. Timeshare exchange companies should be looking to provide you with an experience you’ve yet to receive. If you feel as though they don’t value your business or that they would never go above and beyond to find you an immaculate property, then it’s not worth your time and money. An inability to “wow” you during the sale should tell you everything you need to know.

blue-background-woman-giving-thumbs-up-to-timeshare-exit-company-voc-for-helping-her-avoid-timeshare-interval-excahnge

Interval Exchange Companies Can Benefit Timeshare Owners.

In closing, exchange programs give fractional owners an ability to enjoy something they’ve been forced to anticipate for too long. Members usually receive their first year for free and they can even “bank” their weeks or points (deposit them for a later date) so they don’t lose them over time. For the most part, they’re extremely valuable to the timeshare industry and play a role in its history. Compared to other relief programs (like cancellation and resale), timeshare exchange fraud isn’t nearly as common. But it doesn’t mean misconduct doesn’t occur.

Setting aside time to analyze every company you’re considering is one of the best investments you can make. Consumers are scammed because they don’t take this seriously. Although the timeshare company may have let you down, it’s inevitably up to you to ensure history doesn’t repeat itself. If you’re patient, there are companies willing to be patient and honest with you.

While getting out of your timeshare contract may not be ideal, helping you vacation the way you deserve is important to us. To receive more tips or to learn about our attorney based service, you can schedule a FREE consultation or proceed with a qualification form below.

Experienced Fractional Owners Cancel Wyndam Timeshare Due to Lies.

Experienced Fractional Owners Cancel Wyndam Timeshare Due to Lies.

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

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

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

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

experienced-fractional-owners-gary-and-drue-nacarrato-cancel-wyndham-timeshare-after-experiencing-sales-misconduct-and-lies

The Naccarato’s Wyndham Timeshare Experience.

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

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

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

False Claims Persuade the Couple to Sign a New Contract.

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

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

How Gift Incentives Were Nothing More Than a Mirage.

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

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

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

Actual Costs Didn’t Match the Sales Presentation.

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

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

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

Trying to Make the Most of Their Wyndham Timeshare.

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

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

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

What Inevitably Caused Them to Cancel Wyndham Timeshare.

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

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

While this was disheartening to say the least, they were determined to find a way to get out of the Wyndham timeshare. After looking further, they realized they weren’t even eligible for the package Valerie offered them. The Terms and Conditions stated “persons having attended a CLUB WYNDHAM sales presentation within the last 6 months are ineligible.” They attended their presentation on Oct 1, 2018, which would have made them ineligible according to the language in the Terms and Conditions. 

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

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

The Couple Finally Contacted VOC for Timeshare Relief.

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

In a final attempt of restitution, they wrote a letter informing of their decision to cancel the timeshare. It said, “We have hired a company to rid us of this timeshare, and we would ask for your forgiveness of this debt since we have not used any of Wyndham’s services.” The Naccaratos are awaiting a response to their request.

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

Timeshare Deceit Needs to be Addressed.

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

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

By using our site you agree to the following Terms of Service.