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Can You Stop Paying Maintenance Fees?

stop paying maintenance fees

March 13, 2019 – by Primo Management Group

stop paying maintenance fees

What would you do if you could stop paying maintenance fees?

We all have dreams, but unhappy timeshare owners dream they can stop paying maintenance fees. Is this just a fantasy or can you really escape the tyranny of your timeshare and stop paying maintenance fees? Can you spend your money on new possibilities and new vacations? The short answer is, yes, you can. But there are consequences when you stop paying maintenance fees without permission. Let’s take a look at those consequences and then figure out what to do instead!

What Happens If You Stop Paying Maintenance Fees Without Permission?

If you stop paying maintenance fees without specific written permission, here’s what you can expect. First, you will lose access to your timeshare. Most resorts prohibit use of the timeshare unless your account is fully up to date. Second, the company will add a late fee to your account. Then, you can expect a past-due call or a letter alerting you to the missed payment. If you still don’t pay, you’ll get more late fees and more calls and letters. Your account may eventually be transferred to a collections agency. Continued non-payment will ultimately end in foreclosure.

Plus, if a payment is more than 30 days late, you may be reported to one of the major credit reporting bureaus. And this will impact your credit score. The impact on your score will vary from person to person. However, your score will go down and this can affect your ability to get credit or to rent an apartment.

None of that sounds very fun. So, how do you get permission to stop paying maintenance fees? Here are some suggestions.

How Do You Get Permission to Stop Paying Maintenance Fees?

As you can see that although you can just stop paying, it’s not a great idea. Not only do you lose access to your timeshare, but you’ll also be hounded by creditors. Oh, and you’ll still be responsible for paying the fees. What you need to do is to legally get out of your obligation to pay. Here are a few options.

Rescind Your Contract

If you just bought your timeshare, you have a few days to cancel your contract for any reason. Of course, the window for this option is very small. But on the bright side, it’ll keep you from ever having to make a single payment! Read more about timeshare rescission here.

Sell Your Timeshare

If you sell your timeshare to another consumer or back to the resort, you will no longer be liable for paying your fees. Yay! But unfortunately, the resale market can be challenging. Buyers are hard to find and timeshare companies are fighting back against third-party sales. Plus, you are still liable for payments during the sales process.

Exit Your Timeshare

When it comes to escaping maintenance fee liability, many consumers choose timeshare exit. This is the process of getting out of your timeshare legally, either on your own or with the help of a timeshare exit partner like Primo Management Group. Every timeshare is different, but with Primo, you’ll be supported by our money-back guarantee that you’ll get out safely, ethically, and forever. If you want to learn more about what we can do to help you get out and stop paying maintenance fees, click here for a free, no-risk consultation.

(Image Source: Pixabay)

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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.