Hazel and Chris L. were never interested in buying a timeshare to begin with. After constant pressure from the salespeople, the couple eventually gave in and purchased one. They hoped to make the best out of the situation, but were shocked by the sudden damage to their financial standing. After just a couple of years as timeshare owners, they reached out to us at Wesley Financial Group, LLC for assistance in getting out.
Below is a written account from Hazel and Chris on what all went wrong with their timeshare purchase and why they never plan to get involved with one again. The names of people and places have been changed and/or redacted for privacy reasons.
“A salesperson offered us a free two-night stay at an amazing log cabin resort for attending a timeshare presentation. We knew there was no other way we could have afforded the place, and so we took them up on the deal. We listened to their presentation for a few hours before being separated from the other guests to meet individually with the salespeople. That is when things took a turn.”
Once the salespeople of a timeshare company begin to talk, they never stop. They put their clients through intense and high-pressure situations, which are designed to hinder decision-making.
“We were turning down offer after offer from them, but they just kept on persisting. We told them that we just didn’t have the money, not only for a timeshare but just to travel frequently also. Well, the more salespeople that came in there, the better each offer sounded. By the end of it, we were presented with an offer for a vacation plan that we honestly thought we could afford. We found out that wasn’t the case.”
It’s as if some of these salespeople just come up with a price off the top of their head and then just slowly lower it until they can hook potential clients.
“After purchasing our timeshare, we kept trying to assure one another that it would turn out to be a good thing. Though our initial uneasy feeling about it was correct, because after buying it our finances were in shambles. We felt like we were paying astronomical prices that we never agreed to. We attended owner’s meetings and training sessions at the timeshare, but they all ended up being more sales pitches to get more money out of us. The timeshare was already so expensive we were considering selling our home to help cover our debts.”
Owning a vacation property should not compromise any of your other finances, especially not those of your home. Hazel and Chris found themselves in an uncomfortable situation and decided to give us a call at Wesley Financial Group, LLC for assistance. So we worked closely with the couple to ensure their timeshare agreement was terminated, even relieving them of over $14,000 in mortgage debt along the way.* They can now look forward to the future, one without the financial burden of a timeshare.
If you know anyone with a similar timeshare experience, please feel free to pass our phone number along to them. We’d love to see if they qualify for our timeshare termination services.
*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).
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