Time and time again, maintenance fees have proven themselves to be real deal breakers when it comes to timeshare ownership. This is usually due to the lack of information on these fees that is not shared with potential buyers. Oh, and it’s also worth noting that the price for these fees increases every single year. Talk about a financial burden that nobody wants to carry...
Marcus P. for example had no knowledge whatsoever of maintenance fees prior to his timeshare purchase. As a result, the expenses of this transaction proved to be much more than he could have ever anticipated and seemed to always be out of reach for him. Marcus struggled to keep up with these soaring timeshare costs and within just a couple of years, he was in debt.
Does this sound familiar to you? So many others have fallen into this exact same trap and unfortunately, Marcus will probably not be the last.
Here at Wesley Financial Group, LLC (“WFG”) we don’t like to see anybody make this type of mistake. This is why we recently caught up with Marcus to share his timeshare horror story for you all and hopefully enlighten many more to the wrongdoings that take place within the timeshare sales industry. So here’s how it all began…
Marcus’ Timeshare Experience Started Like So Many Others
“I was offered a free two-night stay at any hotel of my choice in exchange for attending a 2-hour presentation. So I went with my girlfriend at the time. As soon as we got there, ther salesman explained that a timeshare was a great investment and that with it we could have up to 3 weeks of vacation a year at their resorts anywhere around the world. ”
Marcus was enticed with a free trip to a resort with the only catch being he had to attend a timeshare presentation. What he did not know was that this would actually be the most intense sales pitch he would ever encounter. The salespeople were delivering lie after lie and outright refused to take “no'' for an answer.
“I kept saying how it was too much money and ended up going back and forth with them about it for 4-6 hours trying to find a way out. They played mind tricks on me and manipulated me into getting something I didn’t want. By the time the salesman passed me onto the finance manager, the price had doubled from $13,000 to $26,600. I regret the day I got involved with this mess.”
Hours later after going back and forth with the salespeople, Marcus was exhausted and no longer in the right state of mind to make such a huge financial decision. To make matters even worse, the salespeople that day left out so much important information that had Marcus known about most of it, he certainly would have made a different decision.
There Is One Bit Of Information That Would’ve Been Nice To Know...
“They also never told me about the maintenance fees. These monthly fees were always going higher and higher, becoming a cancer that was just eating away at me. I don’t know why they need so much in maintenance fees if the places were dirty all the time. I also did not know that when I die, my family will have to keep paying these fees so it was even worse than I thought. They never explained any of this to me.”
Quite easy to see why maintenance fees can be such a burden for timeshare owners, right? These fees increase 4% annually and while that would be great information to have before purchasing a timeshare, most buyers are not even aware of these fees to begin with.
Due to these increasing fees, Marcus was never able to afford to make use of his timeshare. He was constantly facing internal battles with himself so that he could come up with the monthly payments on time. The timeshare was taking a toll on Marcus and he was not sure how much longer he could sustain it.
Wesley Financial Group, LLC To The Rescue!
That’s when WFG came into the picture... After seeing several of our advertisements and hearing the personal story of our CEO, Chuck McDowell, Marcus was convinced this was exactly where he needed to be.
And right he was! Within only 6 months after qualifying for our timeshare termination services and coming on board with us, Marcus’ timeshare agreement was finally put to an end. Not only that, but he was also relieved of $12,000 in mortgage debt to his timeshare company.* Free of this burden, Marcus never has to worry about another maintenance fee going forward.
“I don’t ever want to see or step foot on that resort again. With all the money I’ll now be saving from those maintenance fees, I can finally enjoy some actual vacation time!”
Do you know anyone in a similar situation with a timeshare company? If so, please pass our phone number along to them. We’d love to see if they qualify for our timeshare termination services. Or CLICK HERE to receive your own FREE Timeshare Exit Info Kit!
*Wesley Financial Group, LLC (“WFG”) develops individualized programs for each client, terminates over 97% of their client’s timeshare relationships, and, in certain circumstances, obtains a refund of some or all of the timeshare purchase price. Actual results depend on each client’s distinct case and no specific outcome is guaranteed (although WFG does offer a 100% money-back guarantee if the timeshare is not canceled within the time specified in the WFG Enrollment Agreement).
WFG, and/or its affiliates, successors, or assigns are not lawyers and/or a law firm and do not engage in the practice of law or provide legal advice or legal representation. All information, software, services, and comments provided on this site are for informational and self-help purposes only and are not intended to be a substitute for professional advice, legal or otherwise. Names have been changed or omitted due to privacy concerns.
