Calculating the Cost of Owning a Timeshare
The concept of vacation ownership has long been pitched as a financially sensible choice for frequen...
02 May, 2023
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We have a wealth of experience on both sides of the timeshare industry – more than anyone in the timeshare resolution business. We know the tricks of the trade and the proven strategies that work to get you the assistance you need. With our help, you could be the next success story and join thousands of happy clients!
TIMESHARE EXIT
FREEDOM STARTS HERE
WERE YOU MISLED BY YOUR TIMESHARE DEVELOPER?
• Developer Misrepresentation
• Unethical Sales Practices
• High-Pressure Sales Tactics
• No Reservation Dates Available
Developer misrepresentation is not uncommon. We can help you terminate your timeshare contract if you legitimately feel as though you were taken advantage of by your timeshare developer.
What is a Timeshare Cancellation?
In general, “timeshare cancellation” refers to a window of time after your initial purchase during which you are allowed to terminate or rescind your timeshare contract. On the other hand, a “timeshare exit” refers to our process of trying to help you resolve your unwanted timeshare once the cancellation (rescission) period of your contract has passed. We provide advocacy for both. If you qualify for our timeshare exit program, our team will use our best efforts to try to help you resolve your timeshare burden.
Considering terminating your timeshare may seem like a viable option, but it can be risky for timeshare owners as the company’s main priority is to maximize profits for its shareholders. By agreeing to release you from your timeshare contract, the timeshare developer becomes financially responsible for maintenance costs, taxes, and club dues until they are able to resell your timeshare points or weeks. Most timeshare developers who offer take-back or internal exit programs will still try to sell you more points or weeks, as their main goal is to generate revenue.
If you decide to contact your timeshare developer, it is important to follow these steps first to avoid getting stuck with additional fees and debt:
• Express in writing why you want to cancel your timeshare
• Do not agree to speak with anyone until your concerns are acknowledged
• Stick to the facts and be reasonable about what you expect
• Be prepared for attempts by the company to sell you more
• Avoid admitting fault or taking responsibility
• Stay composed and unemotional when communicating
• Do not accept the first offer presented by the company
Keep in mind that negotiating with your timeshare developer to cancel your timeshare is challenging, as their primary focus is on selling timeshares rather than taking them back, which could impact their profits. Before pursuing this option, it is essential to understand that if negotiations with timeshare developer are unsuccessful, it may be difficult to find other entities willing to assist in canceling your timeshare.
What is a Timeshare Exit?
The term “timeshare exit” has gained popularity within the timeshare industry as individuals seek to transition out of their timeshare ownership. Simply put, a timeshare exit refers to any method an owner can use to transition out of their timeshare and release themselves from ownership responsibilities, maintenance fees and timeshare mortgages. But how exactly do timeshare exits function, and are there trustworthy companies similar to our available to assist with a responsible exit from ownership?
In recent years, the term “exit” has evolved into a broad term used for owners seeking to sell, deed back, return, or even have their resort repurchase their timeshare. Our role as a timeshare exit advocacy group is to spell out theses differences, warn owners of timeshare mis-representations and scams within the timeshare industry and to be cautious when searching for a secure and dependable way to move on from a timeshare.
Timeshare Compliance is a timeshare exit company that offers to assist owners in terminating their timeshare contracts. Companies like ours are independent entities that may hire individuals with prior experience in the timeshare industry to help owners successfully exit their agreements. We provide an exit solution when all other possible resolution options have been exhausted by the timeshare owner. We assist you in working directly with your timeshare developer to work towards an amicable exit resolution.
Cancel your timeshare contract with the pros!
Anthony Becht
Former NFL player & Timeshare Compliance client
“We were locked into a timeshare we did not want to be in, so we turned to Timeshare Compliance to help us get out of it. They worked hard right from the start and didn’t stop until we were free from this burden. We would recommend Timeshare Compliance to anyone who gets stuck in a timeshare and wants to get out.”
Larry T – February 27, 2024
“Last year my wife and I were having problems paying our Timeshare note and looking for ways to get out of it. We checked with some lawyers and they said it would be hard if not impossible to do (very expensive). We received a phone call from Timeshare Compliance and they explained to us that it could be done. They were very helpful to us and we used them. They said it would take 1 year to 18 months to complete Timeshare Compliance did such a good job it was completed in less than 6 months.”
Thomas M – January 4, 2024
CLIENT TESTIMONIAL
What you can expect from the best Timeshare Exit company!
What makes us different!
10 YEARS IN BUSINESS
As the best timeshare exit company we bring a wealth of experience to the timeshare exit industry. We embarked on this advocacy journey to help timeshare owners navigate an exit solution due to developer misconduct and fraud.
PROVEN EXIT STRATEGY
Our timeshare cancellation and timeshare exit strategies are proven to work. Our 11 years of experience in the timeshare exit process has helped many timeshare owners put an end to their unwanted timeshare contract liabilities.
YES, WE USE ATTORNEYS
Our preferred attorneys help represent you in a successful timeshare resolution while ensuring representation and putting an end to any harassment on the part of your timeshare developer.
BBB ACCREDITED
As the leader in timeshare exit services, we pride ourselves on our A+ Rating with the BBB (Better Business Bureau). While we acknowledge we can’t help everyone, we strive for excellence in helping those we can.
HAPPY CLIENTS
Hundreds of happy clients have benefitted from our timeshare cancellation services and our reviews are a testament to our advocacy efforts and highest level of service.
A WINNING TEAM
We recognize that our success lies in the hands of our staff. We acknowledge this and are privileged to have such a diverse group of professionals that are friendly, courteous, and exceptional at what they do.
EXPERT CREDIT MONITORING
TSC partners with SmartCredit.com to provide timeshare owners with comprehensive monthly credit monitoring across all three major bureaus. SmartCredit offers additional valuable features including dispute resolution tools, robust identity protection services, and essential credit education resources. For more detailed information, and to save $60/year on a subscription, please click here.
TIMESHARE EXIT ADVOCACY NEWS
Timeshare Compliance (aka Collaborative Administrative Trust) Records $205M Lien Against Major Timeshare Developers.
Collaborative Administrative Trust/Timeshare Compliance LLC, the leading timeshare exit company and industry watchdog, recorded a lien of more than $200 million against five of the biggest timeshare resort developers.
Timeshare Compliance Wins Key Ruling from Federal Court, Lawsuit Against Hilton’s Diamond Resorts Will Proceed.
Nation’s leading timeshare exit company and industry watchdog wins a major victory for victimized timeshare owners as a U.S. District Court judge ruled a lawsuit against giant Diamond Resorts (Hilton) will go forward.
Developer study finds that 85% of timeshare owners regret their purchase citing money, fear, confusion, intimidation, and distrust.
Article highlights a study conducted by Dr Amy Gregory on “The Effects of Buyer Regret on Rescission: Recognizing, Revealing and Rectifying Regret.” of timeshare owners and the impact of buyer regret-and-remorse on rescission decisions.
Timeshare Compliance Secures Freedom For 800+ Clients From Timeshare Contracts in 2022.
More than 800 U.S. timeshare owners will enjoy a new sense of freedom during as Timeshare Compliance, the leading timeshare exit company in America, secured their release from timeshare contracts owed to resort owners in one of the biggest timeshare exit settlements in the industry.
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Frequently Asked Questions
HOW DO I START THE PROCESS OF EXITING MY TIMESHARE CONTRACT?
We recommend that you first contact your developer and ask about available exit programs that they may offer. We recommend that you both call your developer and follow up with written correspondence, always keeping a copy of any correspondence for yourself. Explain to your developer why you want to exit your timeshare, and provide as much detail as possible, including any misrepresentations or high-pressure sales tactics that you may have experienced.
In writing your letter, you may want to consult an attorney. Although there are few attorneys out there with extensive timeshare exit experience, we can provide recommendations.
HOW LONG CAN IT TAKE TO EXIT MY TIMESHARE CONTRACT?
Every case has specific characteristics and circumstances. As a general rule, and based on our experience, our team requires between 6 and 36 months to resolve a timeshare contract.
In writing your letter, you may want to consult an attorney. Although there are few attorneys out there with extensive timeshare exit experience, we can provide recommendations.
WHY SHOULD I USE TSC’S SERVICES?
TSC has maintained a very high rating from the Better Business Bureau for several years. Our BBB rating is A+ and accredited. We pride ourselves on our customer service. There are no perfect companies, but what separates us is that we do our very best to resolve any issues.
Every company has some bad reviews, including us. And every company has challenges, including us. For example, there are now a few lawsuits pending against us where developers are trying to use court cases to put us out of business. In addressing these cases, we are defending our right to provide important services to the public, and at the same time trying to address criticisms by giving our clients more information about how we do our work. We hope that this will enhance our offerings. And while these challenges are real, so too is our outstanding BBB rating, in which we take great pride. We care greatly what our clients say about working with us.
Another reason to consider working with us is that TSC has the expertise of those who have worked in the timeshare industry, collectively, for over 75 years. We know the timeshare industry from “both sides of the fence” and we follow developments in the industry so as to benefit our customers.
We have helped thousands of owners exit their timeshares.
HOW WILL I WORK WITH TSC?
We pride ourselves on customer service. So, once you begin working with us, a dedicated member of our client services team will be assigned to you. You will be able to reach out to your client services representative whenever you wish.
WHY DOES TSC SAY IT IS A CONSUMER ADVOCACY FIRM?
Because TSC only works with timeshare owners who believe that their developers have failed to deliver promised services. This includes owners who feel that they have been lied to or deceived by their developer or who feel that their developer made misrepresentations to them during the sales process, perhaps tricking them into buying a timeshare. Many of our clients report experiencing high-pressure sales meetings where they are kept in developer sales presentations for up to 6 hours, sometimes with no breaks, and ultimately agreeing to sign a developer contract simply to escape the sales presentation. Because TSC works with these types of clients, we consider ourselves consumer advocates.
HOW MUCH DOES TSC CHARGE FOR ITS EXIT SERVICES?
It depends on the specifics of your timeshare contract (or contracts, as many people have more than one timeshare contract). Our average fee range is always a fraction of what you will spend for your timeshare. In making your decision, you should calculate the total savings from exiting, including not having to pay maintenance fees, special assessment fees, facility fees, or high interest rate monthly payments if you are paying monthly on a note.
WHAT SERVICES DOES TSC PROVIDE?
TSC provides many services for the fees that it charges. We use our decades of experience and knowledge of the timeshare industry and our best efforts to help you try to exit your timeshare. TSC will recommend an experienced attorney for you to consult with, one who has experience working with clients in your situation. TSC will also recommend an experienced credit management firm for you to consult with, one with experience in enforcing your rights under the federal Fair Credit Reporting Act, the federal Consumer Financial Protection Bureau rules, and certain state credit reporting laws, depending on where you live.
TSC also works with you to develop a complete list of the factual reasons as to why you want to exit your timeshare, including any misrepresentations by the developer, and then gives those facts to your attorney for their use. TSC also helps you identify the necessary documents and information to assist your attorney. If your attorney needs more information from you, we will let you know, and coordinate between you and the attorney. Of course you can always reach out to your attorney directly. We may also recommend various government agencies to help protect your rights as a consumer.
In addition, TSC tracks key developments and changes within the timeshare industry, including trends within individual timeshare developers. We make this information available to the credit management firms and attorneys to whom we recommend clients, so that they can use that information to better help you or others. By way of example, if TSC sees a trend whereby a certain developer’s salespeople have a pattern of telling clients that their timeshares will increase in value just like owning a home (which is simply not true), we will make sure to ask our clients if they were told this lie and relay this information to the attorneys to whom we recommend clients. Because TSC works with hundreds of owners each year, we are often able to recognize such trends, including at the developer level.
TSC has also served as a resource for clients whose credit is harmed by a developer reporting negative items. We have communicated with financial institutions, educational institutions, and businesses on behalf of our clients, to describe the facts of their situation, including that timeshare ownership is not the same as home ownership. We have also paid for the legal defense of owners when a developer sued our client, though this service is discretionary and provided on a case-by-case basis. Based on our experience, developers do not typically sue owners, but when that has happened, TSC has paid for the defense of certain of these actions in the past.
TSC also counsels clients by talking to them about their bad experiences with developers. In fact, we spend many hours doing so. Many of our clients believe that their timeshare experience is unique. Many feel ashamed or angry that they purchased a timeshare because they feel that they were tricked into doing so. Because we have spoken with thousands of dissatisfied timeshare owners, we have heard many such stories. We may be able to help put your situation into a broader context, all as a part of our service offerings.
WHAT ARE MY OPTIONS OTHER THAN PAYING FOR TSC’S SERVICES?
If you choose not to engage TSC, you have other options to try and help you exit your timeshare:
• You can contact your developer directly and seek an exit. Some developers have their own internal exit programs and policies. Others have policies or practices whereby they will cancel or terminate a timeshare if the owner does not pay for a certain period. You can contact your developer and ask them about this option as well.
• You can consult an attorney.
• You can file a complaint with several places, including but not limited to the Better Business Bureau, your state’s Attorney General, or the Federal Trade Commission.
CAN I STOP PAYING ON MY TIMESHARE?
TSC can never advise you to stop paying on your contract. That is a decision that you must make on your own, or in consultation with a lawyer. We note that several national publications such as the AARP magazine (Dec. 2020/Jan. 2021) have run articles that describe this as an option. Also, certain developers have policies or practices whereby they will cancel an owner’s timeshare if the owner does not pay for a period of time. You may also want to consult your developer to see if this is an option.
WHAT IF I HAVE ALREADY STOPPED PAYING ON MY TIMESHARE?
Please let us know if you have already stopped paying on your timeshare and for how long. Regardless of your payments status we will do our best to assist you.
CAN THE EXIT PROCESS AFFECT MY CREDIT?
Yes, a timeshare exit can ruin your credit, but it may depend on the manner in which you try to exit. If you stop paying on your timeshare, your credit can be negatively affected. If you decide to work with us, we can recommend a credit repair agency that uses the rules of the federal Fair Credit Reporting Act, the Consumer Financial Protection Bureau, and where applicable certain state credit laws, to try to remove negative items from your credit reports. In some cases, this is a long process; in other cases, the credit agency may have to repeat the process; and in some cases, you may get results right away. It is a case-by-case, developer-by-developer process. While the process is not always completely effective, the service we recommend to our clients has had great success. And we have negotiated a deep discount, a flat fee, if you wish to use our recommended credit agency.