Timeshare Foreclosure Dangers
How to Cancel a Timeshare, Timeshare Impact on Credit Score
3 min read
We work with timeshare owners every day, and so many of them tell us how stressful their experience has been. That’s not what vacation should be about. Let’s break down timeshare stress: What causes it and what can you do about it?
Timeshare stress comes from a variety of sources. These are some of the most common:
Stress begins with the sales pitch. And no wonder! Timeshare sales reps use various high pressure sales techniques to convince people to buy. Many owners report feeling stressed and intimidated into signing contracts that didn’t suit them. Add the highly complex contracts, additional debt, and (often) regret and you have a recipe for stress.
Life is full of uncertainty, but timeshares compound that uncertainty with fees and assessments. Every year your maintenance fees will go up. But you don’t know how big those increases will be from year to year. If you’re lucky, your fees will increase at a reasonable rate and your income will keep pace. However, if you’re not so lucky you may see large increases, such as are common with poor management or changes in management. In addition, you could face unpredictable special assessments. All this uncertainty can lead to stress and anxiety, which isn’t good for anyone.
The uncertainty of timeshares is bad enough, but often that is compounded with other financial problems. Timeshare contracts are forever, but financial circumstances are not. If you lose your job or can’t work or have other big expenses, you may find yourself unable to make your timeshare payments. Missed payments can lead to additional fees, collections calls, and unfavorable credit scores. Or worse, foreclosure. All of which contribute to stress.
So, is there any way out? Fortunately, yes.
Stress can be detrimental to your health, so if you find yourself suffering, you can work toward relaxation with yoga or meditation. However, you can do yoga all day long, but at the end of that day, you still face the reality of your timeshare. So, it makes sense to deal with the problem itself. If you want out of your timeshare, you have some options. You can try to work with your timeshare company, but they are under no obligation to help you. You can try to sell your timeshare. However, you’ll face a flooded market and very low prices if you can find a buyer at all. And steer clear of timeshare resale scams that can end up costing you even more. Chances are, you’re still feeling pretty stressed. Luckily, you have another option.
The most direct way to deal with timeshare stress is to get rid of your timeshare. Because timeshare companies are difficult to deal with, we recommend getting help as a low-stress route to timeshare exit. We partner with timeshare owners and help them get out of their contracts. Do we help them with stress? Yes! Just look at our Google reviews:
“We feel finally FREE & relieved.”
“It was a relief to finally be out of that mess. Couldn’t have done it without them.”
“[H]aving such a great experience with Primo was such a stress relief and a gift.”
“What a relief!”
Don’t spend another day being crushed by timeshare stress. Contact us today and breathe that first sigh of relief since you signed your timeshare contract.
How to choose the right company to get me out of my timeshare
We know how stressful timeshare contracts can be. What once sounded like a dream resort package turned into a nightmare. When you don't know where to turn, look to PMG to relieve you of your timeshare burden. We pride ourselves on open, honest, and frequent communication with our clients.
Their high-pressure tactics
Our knowledge and experience gets you OUT. We offer a high-touch, boutique level of service, keeping you informed with frequent updates throughout the process—which is why we have numerous 5-star reviews and are rated "A" (Excellent) by the Business Consumer Alliance (BCA).Learn More
Still not sure what's the next step? Our dedicated team can review your agreement and guide you through the process. The Primo difference is all about service. Our timeshare elimination consultants have one mission: To serve our clients and bring the peace of mind that comes from relieving their timeshare obligation.Get Started
The timeshare industry has spent a tremendous amount of time and money to delay, confuse and deter you from canceling your timeshare contract. Your team of timeshare elimination experts act as your consumer advocate and will work tirelessly to free you from your timeshare contract, mortgage, and maintenance fee bill.Give it a try