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Why Timeshares Are Being Stubborn With Payments During Coronavirus

timeshare companies

July 29, 2020 – by Primo Management Group

timeshare companies

Stubbornness has plenty of advantages and disadvantages. We sometimes confuse them with not giving up, how is one person so relentless but the other is stubborn? It’s something that we’ve all had to think about in our lives and no one really can say which is which. Well, whether you want to call it stubbornness or relentlessness, timeshare companies are being both when it comes to your money, especially during the coronavirus. While there are plenty of industries that have been hit hard by the pandemic, few have been hit as hard as timeshares. Current clients won’t pay and they can’t sell new spots. You’d almost feel bad for them if not for the fact that they still get government assistance like many other businesses and that they also still demand you to pay them for units you aren’t using. 

Why would these resorts which have plenty of money risk upsetting loyal and happy tenants who have been paying on time for years and have nothing but great things to say about them? One of the main reasons is simple, desperation. Hotels, flights, car rentals and tickets to any attractions that are open right now are cheaper than they’ve been in years. People are just starting to travel but they are doing so at a fraction of the price it would cost them to travel before the coronavirus pandemic. 

The pitch that timeshares have always had is that they provide a more affordable option to travelers where you can get a great place at a low price and you’re guaranteed to get it whenever you want. That’s not an issue right now and probably not for the remainder of the year so why would anyone want to add an expense like that and get locked into the contract. 

As people are not signing up right now, these resorts have to get more aggressive in making sure their current customers are still on board and paying. They can’t accept the coronavirus as an excuse because they need you to keep paying and they will be very stubborn with that. 

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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. Let us help you. 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, the resorts are loath to give back the money they’ve already taken for timeshares.

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 go above and beyond for our customers by helping to protect you, and have the best success rate in the industry, rated 5-stars by clients. 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 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 will work with our expert, experienced team whose job is to keep you in the loop throughout the entire cancellation process. We are 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.