Identify Fraudulent Timeshare Exit Companies + Other Scams.

Identify Fraudulent Timeshare Exit Companies + Other Scams.

Unfortunately, the timeshare industry is full of scams that prey on desperate vacation owners looking to escape their perpetual purchase. While negotiations with the timeshare company can be quite the struggle, many owners don’t realize how bad it can get once they venture into the realm of 3rd party relief. But you can’t blame them for seeking outside help. Over time, users become tired of the broken promises and disadvantageous upgrades or points programs. Although they’re told to avoid external solutions due to misconduct, it’s easy for them to lose faith in the legitimacy of the timeshare’s in-house advice. In turn, judgement can be clouded when it comes to recognizing fraudulent timeshare exit companies or scams.

Trusting the misleading messages of 3rd party programs is more common when consumer regret brews with desperation. A majority of resale and cancellation services know this and use it to their advantage. Targeting unhappy buyers with an empathetic pitch allows them to persuade some to pay a lot of money towards bogus offers. This causes misfortune to repeatedly rear its ugly head and timeshare owners continue to end up right back where they started.

If you follow our blog, you’ll come to realize most of our content is geared towards helping fractional owners avoid regret by making logical decisions. We’ve kind of taken it upon ourselves to expand on the deceit within the industry. Hopefully, overwhelming the market with educational material helps more people find the relief they deserve. With that being said, let’s look at some ways you can identify fraudulent timeshare exit companies and other relief scams.

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Understand How Fraudulent Timeshare Relief Programs Operate.

Before uncovering timeshare scams, you have to understand how fraudulent operations go about their business. The fact of the matter is, no one sees a scam coming. If they did, then they wouldn’t have been scammed. Realize that these conglomerates operate in an uncommon way. Unless you’re a criminal, it’s very difficult to identify manipulation.

The average consumer doesn’t want to assume the worst. We’d like to think scams are slowly deteriorating; but the crack down only causes fraudulent activity to become more complex. Therefore, you have to try to get inside the mind of a criminal and understand the psychological tactics they’re taking towards persuasion. While services may seem legit at first glance, there’s always a chance there’s more than what meets the eye.

Online Cancellation Companies May be a Mirage.

Proficient scams know how to make themselves appear reputable. Regarding timeshare relief programs, looking beneath the surface of the sales pitch is essential. Before you even listen to the offer, the validity of the company needs to be confirmed. There are a number of ways scam artists manipulate storefronts, especially online. Many people don’t realize fraudulent timeshare exit companies and co-conspirators can operate from anywhere in the country when they have a digital presence. Since many of us Google everything, all they need to do is establish some form of credibility.

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The easiest way they appear real is by stealing another company’s online identity. Fraudulent operations do this by claiming to represent a business (commonly a lesser known LLC) and building a phony website around their branding. All they need to do is link to credible review platforms to come across as credible (more about this below). Using an actual business also allows them to appear as though they’ve been in business for quite some time. While this may seem like it would be easy to figure out, you’d be surprised.

Even when another company’s identity isn’t being used, it’s just as easy for predatory agencies to create a fake business. Their approach really depends on how much capital they have for “start up costs.” Some scams even go as far as quickly changing their name and services in order to retarget victims once the initial plan runs its course.

How Phony Timeshare Exit Companies Further Mislead Consumers.

In today’s digital world, nearly any piece of information can be manipulated. Practically every scam involves some sort of documentation that isn’t real. Several of our clients have been persuaded by cohesive letterheads and email signatures alone. Most of them didn’t even consider how easily that type of stuff can be created. Assuming a company is real because their logo is the same on invoices and paperwork is very risky. This is one of the psychological tactics that fraudulent timeshare exit companies use. Some fractional owners subconsciously believe they can trust the scam because of consistent branding and a physical address.

Telecommunication Strategies.

But physical appearance isn’t always enough. In order to get people to fall deeper into their pit, scam artists make sure they leave no room for skepticism. Phone calls from area codes where the business claims to be located makes things even more believable. Some scams even go as far as creating customer service hotlines with re-routed phone numbers. People value being able to speak to someone with a name and title. Subtle tactics like, “Hello my name is Jan and I’m the customer service manager at X,” really carries weight to most consumers. Some scammers study the weather in certain locations just to prepare for skepticism.

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Fraudulent timeshare exit companies also rely on influence to deceive their victims. Thoughtful scams will spend thousands of dollars for phony publications or paid promotions to make themselves seem real. One article or recommendation from a credible source (even if they’re tricked themselves) can also carry a lot of credibility. But review platforms are where they really do the most damage. Someone on the fence can be easily persuaded by a handful of “satisfied” customers.

Phony Review Services.

Even though stealing another business’s 5 star rating is easier, some would rather take the “safer” route. There are other ways to misrepresent the customer experience. Believe it or not, marketing services geared towards unethical review generation do exist. Pools of online profiles are ready and willing to leave fake 5 star reviews in exchange for money! There isn’t really a known platform that regulates insight effectively. Yelp claims to disallow phony feedback – but in reality, they don’t. Ironically, fake profiles with thousands of reviews are deemed credible there. You’d be surprised to learn how the Better Business Bureau goes about hiding consumer complaints. Even TrustPilot gives their users an opportunity to alter reviews. While this may be disheartening to say the least, we created a checklist with some great ways to identify this type of misconduct. 

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Be Prepared For Cunning Responses and Question Everything.

No matter what concerns or drawbacks you have, fraudulent operations will always know how to keep you engaged. They’ve practiced and prepared for your push back. Once they’ve got your attention, there’s normally a script they follow to gain your trust. Presenting you with the above information is their effort to establish credibility with you – whether it’s real or not. When it comes to getting out of a timeshare, you have to be critical. You need to assume the worst and take some time before pursuing relief. Any company that aggressively rushes your decision doesn’t really have your best interest at heart.

Listen, it’s not the first rodeo for many of these criminals. For the most part, they’re very intelligent people. Instead of working hard for their money, they’d rather steal. It doesn’t mean they’re stupid, it just means they’re selfish and greedy. These types of people will do anything to make pay. Like we said before, the surface can be very deceiving. Understanding their capabilities and how they go about conning you will help you avoid what can be a devastating transaction – or set of transactions moving forward. 

Since 2014, our company has provided 100% success rates and satisfied every customer along the way. You can view our checklist for avoiding fraudulent timeshare exit companies or proceed with our qualification form below.

Exit Timeshare Agreements and Travel to Improved Destinations

Exit Timeshare Agreements and Travel to Improved Destinations

For some, owning a timeshare can be a mixed bag of anticipation and disappointment. While many fully enjoy their timeshare experience, others end up regretting their purchase altogether. After viewing the expense as a whole, a good number of owners begin looking for ways to exit timeshare agreements. Even when the initial thought of exchanging, upgrading or selling seems promising, it’s never that simple. This makes it extremely difficult for users to follow through with their desire to move on.

Have you ever been overcharged for a subscription service (like Direct Tv) and found it nearly impossible to garner a refund? Most sales organizations force their customers to endure long wait times or “accidental” hang ups while they seek restitution. When service providers deflect requests and buy more time while collecting additional payments; most customers give up. They end up paying the unacceptable amount just to keep their service from being interrupted. The same is done in the timeshare industry. Sadly, many timeshare owners abandon their efforts to escape the contract because they view it as an impossibility.

How Timeshares Keep Owners From Exiting Contracts

Despite an overwhelming number of unhappy owners across the world, timeshare companies prefer to remain in the driver’s seat. Relinquishing revenue, buying back contracts or providing quality service isn’t on their radar. Unfortunately, they have all the leverage. They make millions off of aggressive sales tactics that leave their users in the dark. Contractual agreements force users to pay and there’s not much buyers can do to avoid it. This forces desperation and a lot of conditional bad decisions. Once owners spend a few extra thousand dollars on misleading relief programs, hopelessness sets in. This is very similar to a majority of people’s feelings towards internet and cable services. No one wants cancellation fees, let alone the thought of a foreclosure.

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Why You Shouldn’t Give Up On Timeshare Relief.

Since finding a way out of your timeshare can be a disheartening process, we want to encourage you to continue fighting. Consumers do have rights that apply to timeshare ownership. All they need to do is find a reputable company that’s willing to listen. Once you’re able to receive feedback from a professional, you can work towards exiting your timeshare agreement for good. Not every option is going to work for you – so avoid listening to all sales pitches and focus on logical solutions that apply to your unique situation.

With that being said, we wanted to publish an article that helps you understand the value in getting rid of an expensive obligation. Even if you’ve spent thousands already, it’s important to understand the perpetual savings that exiting a timeshare agreement can bring.

The Cost of Timeshare Ownership is Probably More Than You Think.

On average, vacation owners spend around $450 per month on their mortgage, interest and annual fees (broken down monthly). A year after legally getting rid of a timeshare, you can easily save upwards of $5,400. The amount you’ll save over time should be enough motivation to help you refocus on getting out of the agreement. Since we’ve already discussed some things you could buy with these savings, we wanted to highlight some vacation destinations that can replace your timeshare investment. If any of these appeal to you, then the pursuit of cancellation is probably in your best interest.

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Where You Can Travel With 1 Year of Timeshare Savings.

Let’s be honest here, $5,400 per year is a lot of money. Looking back on the annual timeshare experience, was it worth this amount? Did you know it was going to cost this much? To put things in perspective, you could have purchased a number of things and enjoyed them year-round. $450/month would be enough to finance a brand new Harley. Two months worth of savings could pay for the car repairs you’ve needed. It could even cover your kid’s back to school costs! People that finally decide to exit the timeshare agreement understand this. Instead of continuously throwing away hard-earned money, they choose to dump the timeshare for more enjoyable experiences. At the same time, some ex-owners still want to travel the way they initially envisioned.

To many, vacation ownership is viewed as a way to satisfy their desire to travel. In today’s world, people are so busy that they have to make an effort to set aside time for a trip. Whether it’s about family memories or escaping the nuances of everyday life, people want to get away. Timeshare sales teams are easily able to tap into this desire and persuade consumers to take action. Signing a timeshare agreement is appealing because it forces them to commit to this desire. But even after the experience is ruined and they’re relieved of the contract, the void is usually still there. Now that they’ve made that commitment, they want to keep it. Here’s how they can do just that.

Vacation Ideas After a Timeshare Exit.

Some people work extremely hard to be able to take their family on vacation. So, where can you actually go with the yearly expense of fractional ownership? We’re glad you asked. There are plenty of opportunities to trump your perpetual purchase with a week-long escape. They key to maximizing $5,400 is targeting certain destinations during down seasons. Holidays and prominent events will drive up prices. You can find some amazing lodging in premier locations if you’re flexible with your dates. Planning ahead allows you to set aside certain dates during off-peak times. With that being said, here are a few simple options worth noting:

  • 7 day cruise to the Bahamas for 2 adults and 2 kids with food included.

  • 7 day home rental in Kauai, Hawaii for 2 families (<$5,000 per family)

  • 5 nights in New York City while enjoying a handful of tourist attractions.

  • 5 nights at Club Med in Martinique, Norway for 2 adults and 2 children.

  • 6 nights at Disney for 4 with passes to Universal Studios and SeaWorld.

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Keep in mind, replacing the timeshare experience with a trip, just to go on vacation, isn’t always the best decision. I you’re limited on cash or aimlessly planning then it won’t help you forget about the timeshare. A quick replacement trip should only be considered by those that immediately exit timeshare agreements during rescission periods. For those that have endured ownership for too long, regrouping while researching possible destinations will be worth it in the end. If the purchase was especially damaging, waiting even longer will give you a surplus of savings to funnel towards an memorable vacation.

Vacation Options After Saving $10K+ by Exiting a Timeshare.

Previous timeshare owners will have saved roughly $10,800 twenty four months after exiting a timeshare agreement. At this point, vacation possibilities become a little bit more extravagant. Aside from being inconvenienced or disappointed, the timeshare purchase may allow some to see that annual, week-long vacations just aren’t feasible. While it may be desired, they realize a lavish getaway makes more sense in moderation. Now that the timeshare is out of the picture, they have free reign to reallocate the travel budget any way they’d like. Here are a few vacations you can enjoy with a $10K travel budget:

  • 10 day sightseeing vacation for two across Europe.

  • 5 day trip to Paris for a family of 4 with minimal spending money.

  • Rent a 4 bedroom luxury villa on the Florida Gulf Coast for 2 weeks.

  • 7 day luxury, family vacation most anywhere in the Caribbean (mid-range in St. Lucia).

  • 10 day luxury vacation rental in downtown Seattle with money to spend.

  • Visit the Bay Area and Napa Valley in California for sightseeing and wine tasting.

  • Participate in a deep sea fishing adventure for a few weeks with some friends.

  • Extend one of the aforementioned vacations for another week.

  • You could always travel the world for 14 months like this guy.

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If going on vacation every other year doesn’t appease you more than the timeshare did, then you don’t have to be limited to one trip. There are plenty of crafty ways to maximize your saved budget. If you have a bigger family or international travel doesn’t appeal to you then travel during multiple weekend instead. Sometimes, brief adventures or staycations are perfect for rekindling relationships while escaping the routine. No matter how you decide to utilize your savings, the overall benefit lies in your ability to choose where you go, how long you stay and what do while you’re there. This in itself should make exiting timeshare agreements worthwhile.

Be Thoughtful With Your Travel Purchases Moving Forward.

Although the purchase of a timeshare can be exciting and full of anticipation, it rarely plays out the way buyers expect. Many learn a valuable lesson at their own expense. Eliminating the regret that comes with ownership is enough to feel good about. Don’t dwell on the decision, even if you decide to remain at home for a while. Use the failed experience as motivation to pursue healthy spending habits and avoid impulse decisions. At the end of the day, traveling is all about exploring the world and giving yourself a better perspective on life. Put your hard earned money towards sensible arrangements and you’ll avoid remorse in the future.

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Learn How to Exit Timeshare Agreements with VOC.

If you’ve come to realize your timeshare isn’t worth the price tag, we’d be more than willing to help you navigate your options. VOC is one of the few cancellation companies that takes pride in actually qualifying every fractional owner before offering timeshare exit services. We also provide FREE consultations to help you understand your contract better or pursue relief on your own. Our goal is to inevitably find the best solution for you.

Why You Should Dump Timeshare Contracts Instead of Upgrading Packages

Why You Should Dump Timeshare Contracts Instead of Upgrading Packages

What many people don’t realize about timeshare ownership is that the sale doesn’t end after they’ve signed the contract. Timeshare companies know that once you’re locked into a perpetual agreement they can pretty much dictate where your travel dollars go. Aside from a high pressured approach during the initial presentation, they take additional measures to persuade their users to spend more money over time. Because of this, we believe it is highly beneficial for owners to dump timeshare contracts before they’re persuaded into buying upgrade options.

Before solidifying this claim, it’s important we understand how fractional owners got to this point in the first place. What exactly causes them to believe they need to take action? What element of the experience has them contemplating spending more money or dumping the expense altogether? Whether you believe our perspective is bias or not, many timeshare owners are plagued with this decision. Every day, we talk to dozens of disgruntled buyers looking for guidance or insight on their options.

Why Dumping Timeshares Is Smarter Than Upgrading Condos.

While it may seem like both decisions are irrational, you have to understand a majority of buyers have no desire to stay where they are. They’re seeking timeshare relief because they don’t believe they’re getting what they paid for. Although the first impression of vacation ownership typically involves excitement and anticipation, the level of enthusiasm normally dwindles over time. Anything from availability frustrations to unacceptable accommodations can leave timeshare owners in a pool of regret – instead of by the pool without worries. Aside from expectations not being met, they feel taken advantage of and vulnerable. They’re not sure who to trust or what the actuality of their timeshare really is.

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Enduring a purchase that hasn’t aligned with expectations forces many to hope for the best. Especially when they’re at the mercy of a perpetual agreement. Buying a timeshare costs a lot of money. For some, it’s easier to spend a little more to get what they want instead of throwing away the entire purchase. Let’s face it, some people just have the money to blow. While it’s easy for these types of people to swallow their pride a little, others become more prideful and refuse to give into obvious tactics that devalue buyers. But it doesn’t mean they won’t cave once a deal with appeal comes across the table.

No matter how upset owners become, customer service reps (CSR, AKA sales reps) are trained to deflect grief and connect with their owners. Most sales operations make their living off an ability to combat dissatisfaction. In some cases, timeshare owners are led to believe that the poor experience is their fault. That they bought a cheap package or that agreeing to additional options during the contract signing would have improved availability and enjoyment.

When reverse psychology doesn’t work, CSR’s have a number of tricks up their sleeves to reassure their users. Without going into too much detail, timeshare companies are equipped to force your hand. When the initial purchase flops, they basically dare you to cancel the timeshare while teasing you with intriguing deals and upgrade scenarios. Why wouldn’t they choose something they’ve already invested thousands into? Especially when timeshare cancellation companies are suspect themselves. CSR’s know the latter is risky so they’re willing to wait on you. You signed the contract and they owe you nothing, but will sell you anything.

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Like we said, signing the contract is only the beginning of a never-ending ales cycle. Any type of relief can turn into many forms of grief. It’s the way of the industry. Although your experience thus far might be forgettable, who’s to say it’ll get better when you pay more? Caving may seem like your only option, but is it a responsible one? While analyzing how timeshare owners got to this point provides us with substance, the real reason you should dump timeshare contracts lies in the aftermath of an upgrade. Let’s look at three consequences that solidify our stance on termination.

1. Saying “Yes” to Upgrades Puts a Target on Your Back

If you’ve worked in any type of sales environment before, you’ve probably heard the common saying, “take 3 no’s before giving up on a yes.” But what many fractional owners don’t realize is this rule doesn’t apply to them. Once someone has agreed to the timeshare contract, they’ve become susceptible to a lifetime of misleading, persuasive abuse. While the initial presentation can be overwhelming, the pressure to take advantage of discounts and special offers is limitless. If they can persuade people to pay $20-40K unexpectedly, they can easily add a few thousand along the way.

Some people don’t possess the ability to say “no” and they end up racking up all kinds of expenses because of it. Moreover, once they agree to an upgrade, the vultures start to circle. Incentivized sales teams know who the most gullible owners are. The worst part is that many of these “upgrades” don’t add much value or resolution to fractional ownership. If you’re constantly being harassed to upgrade your points program, understand it’s only a bidding war on secondary inventory that the general public doesn’t want. The goal isn’t to improve your experience, rather increase your annual donation so the salesman can go on vacation and the timeshare’s margins increase.

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2. Upgrades Won’t Resolve Your Complaints.

Have you ever confronted someone and they responded by offering you something? Although you really want to remain upset about the situation, the idea of being treated can be compelling. Sometimes, it’s enough to cause you to apologize for your holding a grudge or being mad. You might even forget about the problem or concern altogether – at least until they wrong you again.

Aside from maximizing revenues from fractional owners, timeshare companies know how to execute this “bait and switch” tactic as well. Instead of actually listening to your concerns and providing you with a solution, they’ll make you feel like the repayment was worth the inexperience. The relief doesn’t last, headaches resume and the resort is able to keep you from dumping the timeshare contract for a few more months until things unravel again.

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3. Dumping Timeshare Contracts Isn’t As Costly.

What many owners don’t realize is they end up paying more for the same problem. Instead of going with their gut, they give the timeshare another chance to deliver on something they promised. In their mind, they’re still owed. In the resort’s mind, they just want to remain in the driver’s seat. They know their obligated customer isn’t going anywhere. All they have to do is pretend they care and offer something to make you go away.

Aside from complaints not getting resolved, the cost of ownership rises significantly when you agree to new terms. The simple fact that additional contracts are being signed is often overlooked during the upgrade process. As agreements stack up, it becomes more and more difficult to dump timeshare ownership. In turn, legally exiting the timeshare becomes more expensive. Continuing to sign new contracts proves you’re responsible for your decisions. This gives the timeshare quite a bit of leverage. Remember, you have the ability to say, “No.”

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Understand Upgrades Before Agreeing to Them.

When you think about it, timeshare companies sell “what could be’s” instead of actualities throughout the entire process. After a few rounds of this, many owners realize dumping the timeshare contract is their only option. We’re simply here to tell you that you can legally walk away now and avoid the heartache. Thousands of people are reeled back into ownership every year and hundreds of thousands of dollars continues to go towards something that never improves. It’s how the industry has been able to thrive in a market full of alternative, convenient travel options.

Don’t be a statistic and get rid of your timeshare for good. Especially if you’re having second thoughts about the purchase. Over time, your decision can become extremely costly. Dumping your obligation and pursuing a sensible vacation can be one of the best things to ever happen to you. Even if you have to deal with the regret for a few years. For more information on VOC, you can schedule a FREE consultation or proceed with a qualification form below.

The Main Reason Fractional Owners Cancel Timeshares is Lack of Disclosure

The Main Reason Fractional Owners Cancel Timeshares is Lack of Disclosure

When it comes to timeshare ownership, there are a number of complaints that can surface. Some are easy to fix and others can be concerning or problematic. In an age where travelers can pretty much go anywhere, you’ll find that many are willing to take risks for the right deals. They’ve learned to temper their expectations and embrace a little more adventure. When you’re traveling with enlightenment in mind, the unexpected tends to be riveting. Traveling to places you’ve never been tends to come with a dash of unexpectedness. This is what adds a little thrill to the nomadic culture that scours our planet today. At the same time, it’s what separates retail travel from vacation ownership. In order to understand why fractional owners cancel timeshares, we have to acknowledge why they make the purchase in the first place.

With that being said, there are still a plethora of people that value the traditional element of vacationing. They’re willing to pay higher prices to be pampered to a certain degree. An ability to enjoy upgraded living spaces, first class meals, amusement and entertainment outside of the norm is what vacationing is all about. It allows them to escape their worries, unless the trip becomes worrisome. When expectations aren’t met – or travelers don’t feel like they’re getting what they paid for – the entirety of the experience can be ruined altogether.

Generous Spending Travelers Have Expectations.

To put things in perspective, the average vacation costs $1,145 per person. Standard costs can be significantly lower when you’re traveling to less popular destinations. But for the most part, this is pretty consistent. It’s easy to see why so many people get their panties in a bunch when something goes wrong. In the case of the timeshare, a poor purchase decision can cost thousands of dollars per year, for life. This can be extremely problematic. Especially when there are so many timeshare owners that can’t even enjoy their purchase due to availability complications.

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If you’re the type of person who gets worked up when the continental breakfast isn’t available or the coffee pot is empty, then you probably won’t handle typical timeshare letdowns very well. The types of situations buyers face after signing away their annual salary is bothersome. While all travelers should witness top-of-the-line amenities and service when paying a pretty penny, timeshare owners deserve much much better. But because they’re under contract no matter what and retail opportunities are more fruitful for resorts, fractional owners continue to receive the short end of the stick.

Since we’ve already discussed most of these problematic scenarios in earlier articles, we wanted to talk a little bit about what finally pushes property owners over the edge. Although most believe things will eventually get better, others can’t wait until the day they’re timeshare free. A sense of hope is held onto because timeshare companies really know how to lead their users on and buy themselves more time. At the same time, there are 4 realizations that tend to occur at some point during ownership. The eagerness to cancel a timeshare contract usually peaks once owners see the purchase for what it is.

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Why Would You Want to Cancel a Timeshare Agreement?

When making a substantial purchase, consumers typically take their time. Because of the competitive nature of these transactions, a good amount of haggling is often involved. Not many people go into a car dealership and accept the sticker price. With that being said, it can be difficult to understand why so many consumers don’t use the same approach during a timeshare purchase.

But unless you’ve attended a timeshare presentation (or another high pressure sales environment) before, then it’s hard to get a sense of the level of enthusiastic deception involved. Incentives sometimes cause salesmen to make promises they can’t keep. Although regulations are beginning to crack down on unethical practices, timeshare owners are still being left in the dark about their purchase. Because a lot of their dissatisfaction stems from a lack of disclosure during the initial presentation, canceling the timeshare immediately is typically on their radar. Let’s take a look at 4 reasons why.

1. The Perpetual Reality Settles In

One of the many reasons fractional owners eventually cancel a timeshare contract is the realization their obligation is perpetual (never ending). Leading up to a timeshare sale, the contract details are often overlooked on purpose. Some make the purchase without even knowing a contract exists because they’re caught up in what they believe is a deal of a lifetime. Sales reps know how to keep attendees distracted with “shiny objects” instead of focusing on disclosure. Leaving out contract disclaimers and other pertinent information essentially encourages them to make a large purchase they know little about.

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Timeshare owners usually realize their payment obligations never cease once they’ve paid off the mortgage. The euphoria of paying something off can quickly turn into despair when the contract details are brought to their attention. The realization also occurs when availability issues become so concerning that the owner begins inquiring about a refund. When they’re pointed to the rescission period (agreed amount of time to cancel a timeshare), they usually uncover the actualities of the deal for the first time.

Having no control over future financial obligations or property use typically motivates owners to find a way out. To them, canceling a timeshare contract immediately is better than continuing to pay for something (for life) that they didn’t necessarily agree to. When compared to other relief options, like selling or renting, cancellation is far more rewarding.

2. The Survivorship Clause Loses Its Appeal

Aside from contractual specifics, timeshare companies do a great job of adding a number of value propositions to presentations that entice attendees. Empty nesters have been known to be a major target since they no longer have their children in the home. As this demographic ages, they tend to value an ability to will things to their children. Because of this, timeshare companies sell additional perks that benefit the whole family.

Besides right to use options (for friends, family or business travel), this demographic is normally intrigued by an ability to gift their children a paid off vacation package when they can’t use it anymore. This Survivorship Clause, also known as the “Legacy Pitch,” is another way salesmen distract attendees with partial truths. Instead of inheriting an available condo, heirs actually take over payments on a property that’s rather difficult to use. Some may not even want it.

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Whether the owner is processing the transfer or the heir is digging through the contract, the lack of disclosure can be unsettling. Canceling a timeshare becomes a lot easier when it’s clear the purchase was based on a lie. Owners don’t want to pass grief onto their kids and heirs typically don’t want to deal with the hassle. Especially if it’s from a parent that’s recently passed. 

3. Interest Rates + Fees Create Desire to Cancel Timeshares

When people first hear they can vacation every year for a fraction of the cost, they normally have a few questions. But timeshare sales teams are very sly when it comes to explaining payment obligations. While the expense may seem pretty straight forward, you’d be surprised how many buyers don’t analyze the entirety of the purchase. If they did, it’s safe to say many people would reconsider the expense.

During most closings, the potential buyer is made aware of their monthly commitment to the resort. What they don’t realize is they are obligating themselves to pay double (and sometimes triple) the retail rate. While the average cost of a timeshare contract is $20K over 120 months ($167/month), the purchase is actually closer to $43K when you factor in a 17.9% (average) interest rate. Buyers aren’t completely aware of how much this actually costs them because the numbers during the presentation don’t include loan details.

Maintenance fees also tend to catch new timeshare owners off-guard. Every year, fractional owners receive an “upkeep” bill with a $1K average. This brings the total cost of the timeshare to (at least) $53K. Their total will continue to climb if assessment fees pop up in the mail. These can be anywhere from $2-4K each.

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Remember, the contract is perpetual, so annual fees continue for life. This makes it difficult to even put a cap on the purchase. When you break it down, $400-$500/month is a lot different than $167. Many simply can’t afford this while others become bitter towards the cost. Especially when they’re only able to garner 3 star accommodations – if they’re available. Seeing they can spend $5000 on something better or save it altogether forces them to pull the trigger on timeshare cancellation services.

A Lack of Disclosure Causes Most Cancellations

There is a lot of uncertainty surrounding the explanation of timeshare contracts. Many timeshare companies have been busted for their unethical practices while others continue to find ways to misled their targets. Either way, a lot of the cancellation requests we receive are from timeshare owners who feel they’ve been lied to. What they thought was true inevitably wasn’t and now they’re spending their time trying to cancel a timeshare instead of enjoy one. If you believe you have a right to cancel or are simply wanting to get out of your timeshare agreement, we’d be more than willing to help. We offer FREE consultations or you can get started by submitting an eligibility form below.

Why Las Vegas Timeshare Owners Want to Get Out of Their Agreement

Why Las Vegas Timeshare Owners Want to Get Out of Their Agreement

When most people plan a destination vacation, entertainment normally plays a big role in their decision. Although some prefer a quiet escape with minimal distractions, most people travel to do what hasn’t been done or see what hasn’t been seen. In Las Vegas, Nevada, there isn’t much that doesn’t catch your eye. The city’s ability to grab and hold one’s attention span is unlike any other point of interest in our country. For example, it would take one person 288 years to stay the night in every single Vegas hotel room.

Nearly every American citizen has been to Las Vegas at least once in their lifetime. Some people never leave once they arrive. It’s been estimated that over 1,000 people live beneath the city of lights in underground tunnels. A few people even find pleasure in not being able to remember what transpired during their stay. The popular slogan, “What happens in Vegas, stays in Vegas” is the real deal. People looking to get loose for a weekend or two seem to be able to do so without any regrets. Not many places have been able to thrive with that motto.

While this only adds to the element of what has become known as “Sin City,” there is still a tourist draw to the Entertainment Capital of the World. Some people enjoy themselves so much that they plan multiple vacations to the strip every year. The lively, recreational landscape changes so much that they’re able to relish in something new each trip. Although gambling, sensuality and partying might headline most recommendations, live shows, sporting events, business seminars, product launches and people-watching can be just as appealing to travelers.

Either way, we can all agree that there is something for everyone on the 4.2 mile long strip in the middle of the desert. You don’t have to look at the city from space to know that it’s one of the most radiant places on Earth (actually the brightest from space). If it wasn’t so alluring, people wouldn’t be so willing to cash out in Nevada instead of a tropical paradise elsewhere.

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While Las Vegas may not seem like an ideal place for timeshare developers, it most certainly is. There are plenty of ways they use the city to maximize revenue. Although it may not be ideal for an American traveler to buy into an annual vacation across the World, Las Vegas always gets their attention. So before we explain why Las Vegas timeshare owners are exiting their contracts, let’s discuss a few of the deceptive practices being used to get people to make a lifetime travel commitment to Sin City.

The Las Vegas Lure is Advantageous for Timeshare Companies.

Since Vegas timeshare developers don’t have to spend a lot of time selling people on the perks of the city, all they have to do is dangle the idea of a free trip to garner attention. This simplifies their approach, unlike sales tactics for timeshare resorts in other parts of the country (or world). Most consumers tend to know what a “trip to Las Vegas” entails. This gives resorts an advantage when investing in cold calling techniques and direct mail campaigns. Although solicitation efforts have dwindled in the timeshare industry today, many consumers will listen to discounts in locations that already interest them.

Regional Outreach Efforts Entice Proximate Residents

When it comes to outreach methods, Vegas timeshare companies understand their biggest opportunity lies in neighboring states and cities. Geographical proximity targeting increases their ability to sell fractional ownership because of the convenience of the package. Whether prospects are being targeted through the mail or over the phone, the possibility of them driving to Vegas to check out the offer is a lot higher than other geographical locations.

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Since Las Vegas is located in the center of multiple major U.S. cities, this gives developers an advantage when luring people to the Entertainment Capital of the World. Come to think of it, we have offices in Scottsdale and Malibu that are only a few hours from the strip. Sales teams have already been known to say anything to get people to a timeshare presentation. It’s a lot easier for them to lure aspiring travelers to Vegas with a “complimentary” stay or for “a deal of a lifetime.” In the timeshare marketing world, this technique is called a “mini vac.”  Their job becomes easier once they get you to Vegas.

What many people don’t realize is that there are some drawbacks to accepting “free” offers. In order to use certain entertainment packages and perks, guests are required to jump through certain hoops. Normally, attending these requirements take up a majority of their trip to the strip. If you refuse to follow through with “your end of the bargain” (even if you weren’t briefed), you could end up with some unexpected situations that can be costly in themselves.

Targeting Travelers During Their Vegas Trip.

Vegas timeshare solicitation doesn’t stop with cold calling and mailers. Timeshare companies know there is a huge advantage to targeting travelers during their vacations to Sin City. It’s easy for them to reel in tourists that are stuck in a state of vacation euphoria, looking to enhance their experience. In Vegas, a majority of these people aren’t in a clear state of mind and resorts know it. The Las Vegas Sun even did a piece on how tourists are bucketed and targeted. Thrill seekers and those intoxicated (or hung over) are easy to engage and manipulate. The loose spending habits that normally accompany Vegas travelers also gives resorts an upper hand.

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As the article states, Vegas tourists are easily persuaded to attend a “free” show, dinner or nearby activity with little resistance, in exchange for 90 minutes of their time. If attendees are already enjoying their Vegas experience, they’re normally intrigued by the idea of something free. Once they’re pampered a little, returning to Vegas every year at a discounted rate sounds even better.

What starts off as a brief, “no purchase necessary” invite quickly turns into an all-day event. From here, many travelers leave with a $20-40K mortgage on top of a perpetual timeshare contract they know nothing about. Nearly every buyer walks away believing they made a good decision. They normally don’t realize they made a mistake until booking their timeshare becomes problematic down the road.

The Main Reasons Vegas Timeshare Owners Want to Cancel.

At this point in the article, you can probably assume why so many people want to get out of timeshare agreements in Las Vegas. Misspeak and commission breath is believable when you’re on vacation, especially in Sin City. Thousands of travelers say yes to something that doesn’t match the description. They quickly realize they’ve been duped into buying something they can’t even use. Once payments kick in and they receive their annual fees, their desperation to cancel can go into overdrive.

Aside from being misled, many timeshare owners struggle to even enjoy their purchase. Finding availability in a popular tourist destination (during ideal dates) can be nearly impossible. If you split the contract cost with someone else, conflict regarding usability may arise. Certain properties can even be difficult for aging travelers to access. Layouts and amenities sometimes hinder those with medical conditions or parents with young children. At the end of the day, many Vegas timeshare owners are left unable to use the vacation but are still required to pay the dues.

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While timeshare owners always have the option to pursue upgrades or exchange programs, they’re often left reeling throughout their experience. Once the “too good to be true” offer is seen for what it really is, fractional ownership is tarnished. Paying more for a property you’ve yet to experience can be hard to stomach over time. With all of that being said, it’s easy to understand why so many buyers want to get out of their timeshare agreement as quickly as possible.

It’s Never too Late to Cancel Timeshare Contracts.

Although listening to an intriguing sales pitch about routinely vacationing in Vegas may entice you, we urge you to proceed with caution. It’s always important that you don’t make a hasty decision during the heat of your trip. Often times, your judgement will be clouded and you won’t be able to make a rational decision. A Vegas timeshare isn’t something that’s only going to cost you a few thousand bucks. It’s a lifetime agreement that funnels you into a perpetual sales cycle that’s hard to escape.

If you feel that you prematurely signed up for a timeshare and believe you’ve been deceived, we’d be happy to help you exhaust your options. Timeshare cancellation only makes sense if the contract doesn’t match the original sales pitch. You can schedule a Free consultation to learn more or you can proceed with a timeshare qualification form below.

7 Reasons the Future of Timeshare Ownership Looks Bleak

7 Reasons the Future of Timeshare Ownership Looks Bleak

Over the last decade, the timeshare industry has done little to keep up with the evolution of destination travel. While technology and online booking continues to advance, the tactics and value propositions of timesharing have essentially remained the same. The diminishing number of uninformed consumers has begun to work against new acquisition as many consumers have begun to lose faith in the purchase.

Knowing what timeshare ownership might entail is enough to persuade vacationers to pursue other travel options. Instead of waiting for timeshare companies to get with the program, consumers seem content with watching the entity fade off into the sunset. Unless the industry makes a hard right turn, it’s difficult to envision a mass recovery over a mass exodus.

Even if things were to change, will it ever be enough to overcome a half-century long reputation? Let’s take a look at some of the reasons why we believe the future of timeshare ownership is looking bleak.

1. The Increasing Costs and Liability of Timesharing

Over the years, certain occurrences have caused vacation ownership to steadily rise in cost. Besides general inflation, developers didn’t properly assess demand during most of their expansion efforts. In the early years, decisions seemed to be based on opportunity instead of probability. When timeshare ownership wasn’t able to sustain its popularity (due to bad experiences and mistrust), resorts turned to current owners for the difference. What they didn’t realize was, this approach affected the perception of happy fractional owners.

Because timeshare companies are now left scraping the barrel for gullible consumers, expansion opportunities are ceasing to exist. This forces them to sell more aggressively while charging more per unit. Over the past few years, timeshare maintenance fees have been steadily rising at 4-5%. Surprise, special assessment fees have become more common. Resorts have found ways to recoup earnings when acquisition slows down.

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According to the ARDA (2016 AIF Owner’s Study), 66% of timeshare owners wanted to exit their contract because “the maintenance fees are too high.” Moreover, 46% of those that cancelled a timeshare mentioned annual fees as their primary reason. Small increases can amount to thousands of dollars over time. What makes this interesting is that resorts have notably avoided proper upkeep at some resorts. Not only are users not getting what they paid for, but they’re paying more for lower quality. The liabilities that come with these decisions are one of the reasons we believe the future of timesharing looks bleak.

2. There is No Resale Value for Timeshare Properties

Like we’ve mentioned in previous articles, a good number of new timeshare owners aren’t aware of the actuality of the resale market. Aside from the misspeak that timeshare sales reps use to persuade potential buyers, there are a ton of misleading options that take advantage of those looking to exit timeshare contracts. Once they realize that reselling isn’t ideal, it’s too late. Attempting to sell something that no one wants can be extremely costly. Throwing more money at something they don’t want and can’t make any money on can be demoralizing. Many of our clients talk about how they’ve spent thousands of dollars on resale platforms that didn’t provide a single lead.

Learning that you were lied to during the timeshare presentation and realizing the market doesn’t exist can be hard enough to swallow. On top of this realization, many timeshare owners underestimate the number of scams that cloud the resale arena. Just ask Darren Kittleson. When things aren’t working out and all hope seems lost, predatory agencies know exactly how to persuade you otherwise. They always have a meticulous agenda that uses disappointment and desperation to their advantage. Although platforms worth trying do exist, the overall uncertainty creates a bleak outlook for the industry as a whole.

3. The Timeshare Industry is Now Flooded with Scams

When it comes to timeshare fraud, the mischief doesn’t just dwell in resale. Victimizers also dabble in the buyer’s market from time to time. Claiming to have amazing deals in premier destinations, they lead people on long enough to collect quite a bit of cash. Verified Craigslist posts and Ebay listings have milked travel enthusiasts for decades now.

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At the same time, these are only a few examples of the consistent and ever growing misconduct in the timeshare industry. People are now being scammed before the purchase, during ownership, while they attempt to exit the contract and once they’ve terminated the agreement. If you’re already disgusted by the lies your timeshare company has fed you (to keep you under contract), realize this is only the tip of the iceberg.

Scammers know how trapped most timeshare owners feel and how desperate they’ve become. There are plenty of angles they can take to deceive you into believing their solution is worthwhile. From advocacy groups to legal representation, it’s difficult to know what to believe anymore. Anything seeming “too good to be true” normally is.

Some 3rd party agencies even work with resorts to ensure timeshare owners don’t make progress with cancellation. Not to mention that a large percentage of timeshare exit companies aren’t real. Thousands of dollars have been wasted on resolutions that don’t even exist. It’s a real shame, but only adds to the stigma of the industry. Even if you’re able to finally cancel your timeshare agreement, scams surrounding travel clubs, vacation rentals and advanced payments can flood your inbox – due to your online behavior. Since many consumers and industries refuse to touch timeshare with a 10 foot pole, the future looks bleak.

4. Today’s Travel Options Are Valued More by Travelers

Instead of waiting to see if timeshare companies are willing to overcome the reputation they’ve built (at the consumer’s expense), travel enthusiasts are now pursuing vacations that better suit their needs. Perpetual contracts just don’t make sense anymore as luxury vacation rentals and retail resorts are prevalent in today’s society. While scams do exist in other travel options, a number of platforms have established themselves as trustworthy entities.

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When timesharing first came about, most people were thrilled to be able to afford a vacation in a place they’d never dreamed of visiting. The ease of global travel has given consumers the unique ability to explore the world without being tied to one location. Although points and exchange programs broadened the horizon for timeshare owners, availability and quality was still a problem.

For the most part, today’s vacationing options consistently meet the expectations of travelers. The experience usually matches the presentation. Even if small inconveniences occur, the user isn’t tied to payments. They also have an ability to review their experience to order to warn future travelers or find resolve with the property. Timeshare companies have failed to value the user experience. Because of this, the future doesn’t look bright for timeshare ownership.

5. The Evolution of E-commerce in the Travel Industry

Options for travelers is only one element of timeshare competition. Since fractional ownership is based on perpetual (or lifelong) agreements, retail travel makes more sense. One click bookings have taken the market by storm over the last decade. Consumers now flood to reputable sources for online vacation deals and packages. Travelers even have the option to schedule flights, lodging and a rental car in the same place. It’s very difficult for the timeshare industry to compete here.

Even online retailers are now pushing timeshare weeks without ownership. Air BnB, VRBO and HomeAway are currently dominating vacation rental. Because of the user experience, travelers now feel far more comfortable using consumer to consumer e-commerce sites for travel related bookings. Removing the middleman (Ie: timeshare company, rental and resale platforms) allows them to keep everything in front of them. Instead of believing in “promised solutions,” timeshare owners are now taking matters into their own hands. This alone should tell you how standoffish people are about the timeshare industry – whether it comes to perpetual agreements or retail access to their inventory.

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6. Timeshare Companies Have Been Overselling Inventory

Ever since the timeshare rush in the late 1900’s, developers have been selling non-existing products. As the points evolution grew, this became even more popular. It was a way for timeshare companies to, once again, keep buyers under contract. It’s almost as if they never saw the repercussions of doing so. Overpromising and under delivering has never really been fruitful. It’s just not sustainable when it comes to large purchases.

In a recent article, we wrote about the ramifications Midtown Manhattan Club received for selling unavailable reservations. Although the property remained full, this rightfully angered their users. You’d think they’d at least limit the inconvenience when selling air. In the end, the NY Attorney General required them to pay $6.5 million in restitution, amongst other things. This goes to show that regulations are increasing and timeshare companies are no longer able to just get away with unethical sales practices. For this reason, the outlook of timesharing doesn’t look good.

7. A Consistent, Perpetuated and Tarnished Reputation

If you analyze each of the aforementioned reasons, you’ll realize that the timeshare industry has had every opportunity to redeem themselves. But the growing level of greed has basically clouded the entirety of experience altogether. Temporary solutions have sprouted up, but have failed to actually address the problems timeshare owners have. The thing is, it’s not like timesharing has only been around for a short while. For nearly 60 years, the industry has compiled substantial amounts of skepticism.

Every travel innovation experiences roadblocks. Even vacation rentals have endured some backlash from consumers. The difference is their willingness to make things right. The way the timeshare model is set up, there’s limitations on what they can do to overcome negative perception. They’ve already proven their unwillingness to decrease prices. High pressure sales and unethical tactics have remained consistent. Worthless incentives and non-existent service has been their achilles’ heel for a long time.

The best way to understand this is that they’re maximizing profits before the market runs out. Either way, the consumer continues to lose unless they’re able to prove misconduct in court. As we’ve discussed before, this is very difficult to do. Timeshare companies are banking on their ability to hold onto their fractional owners for life. A lack of interest in overcoming this perception and repaying those taken advantage of is the main reason we believe the future of timesharing looks bleak.

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If you’re interested in learning more about getting rid of your timeshare contract or what you’re options are, we’d love to provide you with a free consultation. If you believe you’re ready to pursue cancellation services, feel free to fill out a qualification form below.

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