• July
    27
    2018
  • 3 min read

Timeshares In Missouri: Buyer Beware

timeshares in missouri: buyer beware

Free Consultation

Concerned about timeshares in Missouri? Recent news says you should be. Find out why below.

Timeshares in Missouri have been in the news lately. And not in a good way. Missouri is home to Branson, a family vacation destination in the Ozark Mountains of southwestern Missouri. So every year, 8 million visitors flock to Branson to enjoy the attractions the city has to offer. These attractions include music shows, amusement parks like Silver Dollar City, and much much more. Plus you can enjoy the outdoor beauty of the mountains or Table Rock Lake. So it’s no surprise tourists come back year after year. (Source: Branson Convention and Visitors Bureau).

Complaints About Timeshare In Missouri

All of this makes Branson the perfect market for the timeshare industry. The area’s 30 timeshare resorts clearly show how popular timeshares are in Missouri. But there’s more to the story. The Missouri Attorney General received over 3500 timeshare complaints since 2015. Clearly, there’s trouble in paradise. For example:

“Complaints range from disappointment with a prize and high-pressure sales tactics to outright deception and fraud. Typical complaints include:

  • Not informing consumers they must listen to a lengthy sales pitch before receiving their ‘prizes.’
  • Misrepresenting the facility’s physical condition.
  • Misrepresenting the facility’s market value.
  • Misrepresenting the facility’s resale or exchange potential.
  • Making oral promises that were omitted from the written contract.
  • Including fees and obligations in the contract that never were mentioned orally.” (Source: Missouri Attorney General).

The Better Business Bureau’s report on the Missouri timeshare industry had many negative things to say. And it reports widespread fraud and other issues: “Consumers reported to BBB losses of thousands of dollars, saying they felt… pressured by aggressive salespeople. In addition to believing they were duped by deceptive sales practices, consumers tell BBB that businesses failed to release them from contracts and issue refunds, were difficult to communicate with and that overall customer service is poor.” (Source: Better Business Bureau).

Other complaints about timeshares in Missouri include difficulty in making reservations. For example, take the Naseers of Kansas City who purchased a $10,865 timeshare at Wyndham’s Branson Woods Resort in 2012. In all the time they’ve owned their timeshare, they haven’t been able to make a reservation. So they’ve never used the timeshare they’ve paid so much for. (Source: Fox4KC).

Consumer Protections

Luckily Missouri law has some consumer protections in place. Missouri Merchandising Practices Act governs timeshares in the state. So, under this act, “Use of any deception, fraud, false pretense, false promise, misrepresentation, unfair practice or concealment of fact by a person in connection with the sale of timeshares is subject to civil and criminal penalties that may be brought by the Attorney General.”

But, in addition to laws of the Merchandising Practices Act, Missouri Law gives you these rights:

Right of Rescission

Missouri allows a 5-day right of rescission. During this “cooling off” period, you can cancel your timeshare for any reason for up to 5 days from the time you signed the contract. But you must send notice of the cancelation in writing.

Right to Promised Prizes

Sellers must state the retail value of all promotional prizes in their literature along with a deadline by which the prize will be awarded. And if they don’t award the prize by the deadline, they must pay consumers the cash equivalent of the stated retail value. And if they still don’t award the prize or the equivalent cash, the consumer can sue the company.

Right to Explanation of Exchange Plans

If your timeshare allows you to use your points or exchange your week for other locations, sellers must clearly list any limitations or restrictions. So this protects consumers from issues like the ones the Naseers encountered.

Foreclosures on Timeshares in Missouri

If you do own a timeshare in Missouri, be sure to make all payments on time. If you don’t, the resort can foreclose on your timeshare. This can be bad for your credit. And the foreclosure process in Missouri can move quickly. Also, you’ll find yourself on the hook for any unpaid fees, assessments, or other charges. (Source: Lawyers.com)

So, if you own a timeshare in Missouri and are unable to make your payments but want to avoid foreclosure, what should you do? We recommend you consider exiting your timeshare. If you need help, Primo Management Group specializes in helping people like you exit timeshares ethically and forever. So, contact us for a free consultation to learn what we can do for you.

(Image Source: Wes Powers on Unsplash)

New
Release
How to choose the right company to get me out of my timeshare

Download our latest eBook

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.

Free Download

Their high-pressure tactics

Got you in the timeshare

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
100% Satisfaction
Guarantee
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.
Our Success
Guarantee
We pride ourselves on open, honest, and frequent communication with our clients. We’re here to help you every step of the way, and end the nightmare of an unwanted timeshare.

Free Agreement Review

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

Time to say goodbye

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