When this couple wanted to relive their honeymoon and visit Hawaii again years later, they were introduced to the world of timeshares. Oh, how they regret that day. The following is their story with the timeshare industry and why it took them nearly two decades to evade this nightmare. Names of people and places have been changed or redacted for privacy reasons.
“During our vacation stay, we were approached by a salesman who wanted an hour of our time to discuss the benefits of owning a timeshare. We didn’t think it could hurt, and so went through with it. Well, it lasted for well over an hour, but the salesman made it sound like an amazing deal. By the end of it, we felt like we had to make the purchase.”
Timeshare salespeople love to use pressuring tactics on clients so that they feel rushed or compelled to go through with the purchase. These salespeople are not financial experts by any means, and so they are probably not the best to take advice from.
“We struggled to pay the maintenance fees every year after purchasing and were unaware how they would increase every year. The salespeople specifically told us it would be a rare occasion that these fees ever increase. Ours increased EVERY YEAR for almost two decades.”
Maintenance fees are another common lie for timeshare salespeople. They will either not mention them whatsoever to you or they will completely downplay the expense of them. Do not be fooled though, these fees increase with each passing year, no exceptions.
“It was getting so bad at one point that we were having to borrow money from family and friends to cover these fees. We were stubborn and still felt like it was an actual investment. After years of increasing costs, we finally sat down and began considering ways to get rid of the timeshare.”
Getting out from under your timeshare agreement can be a daunting task for some. Oftentimes the resort will not help you, because that just means less money for them. Also, the secondary market can be a dangerous place for transactions on properties such as timeshares. Working with a trustworthy and reliable timeshare cancellation company is your best bet. We’re sure you’ve heard of one by now.
“We tried to sell the timeshare, but the resort company advised us against it but they were no help themselves. According to them, we were basically stuck with it for the rest of our lives. Well, we weren’t having that, and that’s when we called Wesley Financial Group, LLC. We had a friend who had a good experience with them that referred us.”
We were so happy that Leeann and Derek reached out to us for help. We understand firsthand how bad these timeshare agreements can be, and the fact that this couple was stuck in theirs for 20 years shocked us. We worked quickly to see that they would be timeshare-free within a matter of months.* The couple now plans to take another trip out to Hawaii, but this time they’ll avoid all those timeshare salespeople.
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).
Wesley Financial Group, LLC, 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.