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Timeshare Points Scams: What You Need To Know

Timeshare points scams

December 7, 2018 – by Primo Management Group

Timeshare points scams

Did you buy into one of the many timeshare points scams hoping for fabulous vacations and ended up getting nothing? You’re not alone.

The timeshare industry is no stranger to scams. In fact, a quick Google search will reveal countless examples of consumers who’ve been ripped off in one way or another. Deeded timeshare scams have always been popular, but now the industry has moved toward points-based timeshares, and with that movement has come timeshare points scams. Check out these common timeshare points scams so you know how to protect yourself.

Subject to Availability

The worst kind of timeshare is the kind you can’t use. Unfortunately, consumers who buy into points-based timeshares and vacation clubs often have trouble using their timeshare points. To use points, owners typically have to make reservations a year or more in advance. Resorts often tell owners they called too late. But even when they call on time, they may find no availability. Which means they’re paying for a vacation they can never take. How can that be legal? Well, when their contract states that reservations were subject to availability. However, nowhere in the contract does it state that the resort must take reasonable measures to ensure availability.

Converting Weeks to Points

Many resorts are moving from the traditional weeks based timeshares to points based timeshares. Weeks based timeshares allow owners to use their timeshare in a specific resort for a specific week each year. Points based timeshares give owners a set number of points to be used to “pay” for their week. In many cases, resorts encourage weeks-based owners to “convert” to the points system. However, once they do so, they lose their right to their week and now must compete to get their week. In addition, resorts typically charge a fee to convert. And there is no guarantee that the points the consumer receives will be enough to cover the cost of the owner’s original week.

Fluctuating Value

Although owners pay a premium for points, the points themselves have no intrinsic value. Consumers may initially buy the number of points that cover the number of days they want at the resort they like. And maybe at first, that’s what they get. But the resort can change the value of points at any time. And they can also change the cost of units and weeks. So, consumers find themselves needing more points. And more points. And, well, you get the idea.

Hidden Fees

In addition to the up-front cost of points and the annual maintenance fees to the home resort, points based timeshare owners are also subject to all kinds of hidden fees. And they may find themselves unable to use their points without paying those fees. Let’s say they can’t find availability at their home resort. No problem, says the resort. Use the exchange to exchange points for another location. And of course, please pay this exchange fee. There’s no end to the number of fees the resort can charge. And if owners don’t pay them, they can’t use the points they’ve already paid for. So they end up throwing good money after bad again and again.

Don’t fall for one (or more) of these timeshare points scams. If it’s too late and you’re already the owner of points you can’t use, consider timeshare cancellation. We help consumers like you every day. Contact us for a free consultation.

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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.