File A Timeshare Complaint

You were only there for the free cruise tickets they promised to give at the end of the presentation. But then the timeshare salesman started using his sleazy sales tactics that pressured you into buying a timeshare. You knew you did not want one and yet somehow the salesman got you to sign the dotted line. Maybe it was the promise that you could rent it out at a profit or it even just the free cruise tickets to start with. Either way, now you have all these problems with your timeshare and want to file a timeshare complaint.

Oftentimes companys that sell timeshare will use bogus and misleading advertisement to get people into buying timeshares. They make it sound like owning a timeshare will be the greatest investment you can make for both you and your family. You can lie around at the beach for about a week once every year at a beautiful condo for less what it would cost you at a five-star hotel; all while spending quality time together. Unfortunately, after just a few payments, many timeshare owners come to the realization that financing a timeshare is burning more money than it is saving.

Do not think for one minute that the timeshare salesman that sold you the timeshare really meant it when he said that owning a timeshare is an investment. Why do you think they use such high pressure techniques to get you to sign a contract? They know that eventually you will realize this was not the great deal they painted out to be. What they are hoping for is that you will not realize this until after your rescission period is over because once that cooling period has pass it is almost impossible to find a exit timeshare solution. All the while you are paying those special assessment and maintenance fees which lets the resorts make money off of you.

In the event that you suspect they used illegal methods to sell you a timeshare, you can do a few things. The first is to get a timeshare lawyer to look over your contract. Things that you are looking for are misinformation and lack information. There have been several reported cases where timeshare companies lead timeshare owners into thinking their timeshare would be an investment. By definition an investment is an asset that is purchased in hopes that it will gain in value or income over time such as stock or mutual fund. Sure, you might save a few hundred here or there, but that is different from making money and you may only be saving for the first few years. What about the next 10 or 20 when you start to consider passing it down to your children? In that sense, a timeshare is the opposite of an investment, in fact a timeshare is much more like a car, once you drive it off the lot it starts to lose value. At no point will your timeshare increase in value unless you can resell it at a higher price, which is a really rare occasion.

Assuming that you have had a timeshare lawyer look over your contract and has found some misleading information you should also try to find out if others have had the same complaint as you. If so, you can get them together is to file a lawsuit against the timeshare company. The best way to see if there were other complaints against your timeshare company is to look at the website of the Better Business Bureau (BBB). This site is a great place to start because companies that are apart of the BBB will have a page on their website with ratings and complaints filed by customers.

You would be surprised how many others have probably had the same problems as you. Especially in an economy where revenue has continued to decline, companies will do anything to get more business. In fact the industry with the highest number of complaints for this year and last was the timeshare resale market. In Florida alone, there were about 5,000 complaints filed to the attorney general’s office in 2010. There is an estimated 1,000 timeshare resale firms statewide and over the past year 11 were sued while 60 more are under investigation.

The reason why the number of complaints is so high is because timeshare resellers know that timeshare owners are desperately trying to get rid of their timeshare. They know timeshares are not as easy to get out of as some would want and so when they call you, they know what to say to make them sound like icing on a cake. To get you to pay an upfront fee, they will claim to be able to help you sell your timeshare or even that they already have people lining up to buy your timeshare. Sadly, after a few months you realize you have been scammed.

Though it might make you feel better to file a timeshare complaint, it may not get you out of your timeshare contract. Fortunately there is still one more viable option and that is simply having your timeshare contract transferred. Timeshare Relief is such a company that can get your timeshare burden removed from under your name. Call us when you are ready to take your timeshare to the timeshare dump.

Featured TSR
Consumer Advisor

Tess Cruze

Tess continues to realize her goals of working for a company whose service enables her to help improve the lives of her clients by helping timeshare owners get out of timeshare contracts.

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