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How To Cancel My Timeshare Without Ruining My Credit

June 11, 2018 – by Primo Management Group

Due to the current volatile state of the economy, many consumers have been forced into a financial hardship that they thought they would never have to deal with. Several of the Americans who are facing financial hardships are also timeshare owners. With the expenses associated with timeshare ownership going up annually, a large number of people simply can no longer afford to continue with their ownership.

Deciding that it’s a good idea to get rid of their timeshares, a large number of consumers try to sell their timeshares on the used timeshare market. However, because of an overwhelming supply of timeshares on the used timeshare market and the decreasing consumer demand for luxury products like timeshares, many consumers find that it is just about impossible to sell a timeshare these days and even if they do, the money they bring in will not be enough to pay off the mortgages associated with the properties. After making an attempt to sell their timeshares, several consumers feel as though they are being forced to go into foreclosure. However, a foreclosure has many adverse effects to the consumer starting with the unfavorable changes to their consumer credit ratings. These reductions in credit scores lead to more of a financial hardship because they make it harder for Americans to borrow funds in a time of need. Fearing the effects that foreclosure can have, a large number of consumers have been looking for a way out that will not have the negative impact their financial stability.

The good news for many consumers is that there is one way to get rid of a timeshare that most timeshare owners have not tried. This way is called timeshare elimination by using a third party consultation company. Timeshare elimination is the process of transferring a timeshare to the resort due to discrepancies in the sales process and the contract associated with the timeshare. In some cases, consumers even receive a refund from the developer to help them recover from the losses associated with their timeshare. The best part about it is that it provides relief fast without harming their credit scores.

You might be thinking this is a “Great idea but, how do I get started”. Well, this process requires the timeshare resort to have done something wrong when selling a timeshare to you. That’s where third-party companies such as Primo Management Group steps in. They will go through the process of analyzing your contract and experience to find the ways to get you free from your contract! If you feel as though you were victimized in one of the ways below, there is a strong chance that you will qualify:

 

 

Rushing people is a forceful and aggressive sales tactic that timeshare sales representatives have been using for years. The good news for those Americans who have been rushed into signing is that this sales tactic is not tolerated by law! Chances are, if you felt rushed into signing for a timeshare, you will qualify for timeshare cancellation.

 

 

Over the years, a large number of timeshare sales representatives have been using another forceful and aggressive sales tactic called a false sense of urgency. A prime example of this is timeshare representatives telling Americans that this may be the last day for them to get the offer at hand. This is another example of a sales tactic not tolerated by law.

 

 

During the process of selling a timeshare, the first step is the tour. This is when the sales representatives will take people through the timeshare to show off the beautiful properties. However, studies show that when these tours last longer than 90 minutes, Americans tend to feel more of an urgency to buy the timeshare without rational thought. Therefore, if your timeshare tour was longer than 90 minutes, it was unlawful for the sales representative to sell you your timeshare the same day!

 

 

The word investment is one that implies to people that their purchase will grow in value over time. Since most timeshare sales representatives are not licensed financial advisors, they are not at liberty to make this sort of claim! As a matter of fact, it is unlawful for timeshare sales representatives to imply to Americans that a timeshare is a great investment.

Once the timeshare cancellation company finds out which laws were broken during the sales process of a timeshare, they will use that information as ammunition in a legal battle to deed the timeshare back to the developer.

When Can You Request a Timeshare Cancellation?

The following points help you understand when you can request a timeshare cancellation.

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Frequently Asked Questions ?

How does PMG get me out of my timeshare contract?

PMG is not a resale, transfer, or donation company. We are consumer advocates—we help to negotiate the release of your timeshare contract obligation. We do not buy, sell, or rent your timeshare. Simply put, we help you to get out of your timeshare contract forever.

How long does the process usually take?

Usually less than 12 months, but it all depends on your situation. If your timeshare is free and clear with no mortgage, then the process may only take 3-9 months.

Speak to your advisor about the time, and what delays the resorts have put into place to prevent timeshare owners from departing their ownership. If you have a mortgage or past due maintenance fee, the process takes more time.

How much is my timeshare worth?

This is probably going to hurt, but whether you paid $5,000 or $50,000 for your timeshare, the IRS values all timeshares as worthless investments. In addition, that timeshare would have negative value due to the annual maintenance fee bill which compounds year after year. That is until PMG helps you cancel your timeshare.

Can I use your service if I still have a balance owed on my mortgage?

Yes. Whether you bought your timeshare 20 days ago or 20 years ago, PMG has a solution for you and is here to help.

Will my name be off the timeshare?

Yes! Permanently! GUARANTEED!

In addition to getting me out of my timeshare, can you recover the money I’ve already spent on mortgage payments and maintenance fees?

While we are able to recover money in rare cases, beware of any timeshare cancellation company that entices you with the promise of fund recovery. The truth is, timeshares are loath to give back the money they’ve already taken.

Are your consumer advocates really “consumer advocates”, or is that just a fancy word for salesperson?

Because most of our clients have had their trust betrayed by timeshare salespeople, we understand how some consumers can become a bit jaded. When you call us for a consultation, that’s exactly what you get, a consultation. At PMG, our job is not to sell you; our job is to help you get out of your timeshare. Which is why we have numerous 5-star reviews and an “A” (excellent) rating from the BCA.

Why should I choose PMG to get me out of my timeshare?

We pride ourselves on providing our customers with the best customer service in the industry. When you contact our company, you speak to a live person, not an automated system or voicemail. We go above and beyond for our customers by helping you to protect your credit and even repair your credit if needed. We offer a 100% money back guarantee, and we can provide documented proof of our success in helping customers just like you.

What happens after I sign up with you? Will I be apprised of your progress?

At PMG, we pride ourselves on our hands-on, boutique-style customer service, so every new client is assigned a case manager whose job is to keep you in the loop throughout the entire cancellation process. Your case manager is always just a phone call away.

How much is your fee?

Not all timeshare experiences are created equal. Some are more complicated than others, and every situation is different. That’s why our trained timeshare elimination consultants will ask you a series of questions designed to determine exactly what needs to be done to terminate your timeshare, how long it will take, and how they can best advocate for you. We will always seek the most cost-effective route for you.

What if I still have more questions?

Canceling a timeshare contract is not a cookie cutter process. With each situation being unique, once you complete the form below an experienced consumer advocate will call you today to discuss your options.