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The Timeshare Trap: 3 Reasons to Watch Out

The Timeshare Trap

November 23, 2018 – by Primo Management Group

The Timeshare Trap

Avoid the timeshare trap and live your best vacation life. Here’s why.

Every year, countless consumers are lured into the timeshare trap. They end up buying timeshares they don’t need, can’t afford, or can’t use. Or they stayed within their budget and desperately want to live that timeshare life but are unable to book time with their points. Here’s how it happens and how you can get out.

The Scenario

Picture this. You and your fiancée celebrate your engagement with a Hawaiian vacation. You rent a unit at one of Hawaii’s many resorts. It’s truly paradise. Romance, waterfalls and the best food you’ve ever eaten. Then on day four of your vacation, a sales rep approaches you with an offer: Hang out with him for 90 minutes and get a voucher for a meal worth $150. What a deal!

During the presentation, the sales rep shows you how you can invest in your future by purchasing a timeshare. Think of your life together! Think of sharing this experience with your future children every year. So, excited about the upcoming wedding and married life to follow, flush with great vacation vibes, you make an impulsive decision to “invest” in that future. You exit the presentation as timeshare owners. You’ve fallen into the timeshare trap. Here’s why what seems like a great idea in the sales presentation is, in fact, a scam.

In Perpetuity

A timeshare contract is a contract in perpetuity. That means forever. Forever is a beautiful idea when you’re looking forward to married life but it’s quite another when it comes to contracts. Signing a timeshare contract is your promise to pay maintenance fees forever. Even if you don’t get to use your timeshare. You may feel like that’s doable now, but what if circumstances change? Hint: circumstances always change. What if you or your spouse lose a job? What if you have a serious illness or injury that prevents you from using your timeshare? Anything can happen in a lifetime, or even in 20 years. Unfortunately, although you’ve promised to meet your end of the bargain forever, your resort really hasn’t. And we promise they won’t care if your circumstances change.

Difficulty Booking

It’s true that many timeshare resorts are very nice and located in beautiful locations. But what good is that if you don’t get to stay there? Unfortunately, many timeshare owners find themselves unable to book at the resorts of their choice. Some owners settle for sub-standard resorts. Others are unable to use their timeshare at all. Still, others end up paying additional fees for more points, premium weeks or locations, and other changes fees. Given that you’ve already paid for your timeshare, it seems like an insult to injury to charge you to use it!

Rising Maintenance Fees

Your timeshare rep may have mentioned maintenance fees. And they may have glossed over these perpetually rising fees explaining you’d probably be spending that much on vacations anyway. Which might be true. However, what if you can’t use your timeshare for a year, because of booking problems? Well, you must still pay those fees. That’s a lot to pay for a vacation you didn’t even take. And after you’ve paid those fees, which currently average about $1000 per year, you might not have enough left for another vacation. Try explaining that to your kiddos.

So, what do you do if you’re caught in the timeshare trap? Consider a timeshare cancellation partner like Primo Management Group to help you get out of your timeshare contract safely, ethically and forever. You aren’t stuck in this trap forever. Contact us for a free consultation today.

(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.