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Hurricane Ian has caused millions of dollars in damages. These damages are not covered under standard maintenance and membership fees. These fees are called catastrophic loss assessments. These assessments are delivered to every timeshare owner in different forms. One of these forms is mandatory upgrades, 2nd is increase fees, and third individual assessment billed. If…
When you consider selling your timeshare just by picking any timeshare reseller you run the high risk of being scammed. Today, there are thousands of companies online promising a buyer for your timeshare. These are red flags that many timeshare owners overlook due to desperation, greed, or was misinformed. Most people have good intentions and…
Due to the chaos in summer travel and cancellations, timeshare owners are having a difficult time controlling their finances and staff. Tourism has had a difficult two years. Timeshare owners are anticipating another disappointing summer. Even loyal members are having to cancel their vacation plans due to over bookings, bankrupt resorts and flight cancellations. For…
Learn About Timeshare Cancellation. Timeshare contracts can be considered binding legal documents, but this does not mean they are absolute or cannot be canceled. Just because the person selling you your timeshare says that the contract is binding forever. It does not mean the contract cannot ever be terminated. Many timeshare companies claim you cannot…
Many timeshare salespeople will say just about anything to get a sale —in fact, many are trained to tell lies! These misrepresentations are from the stories of real timeshare owners. Some of these may apply to your experience; if they do—you should include them in any complaint letter you write! Make sure you specify what…
The quick answer is, that if owners are successful with their disputes, their credit will not be affected at all—even if they’ve stopped paying on the timeshare at the beginning of the dispute. If the company decides to cancel the contract and issue a refund, there will be no adverse effect on the credit rating….
A Timeshare Contract is a legal document that requires the parties involved to perform certain duties. When one party fails to meet any of the contractual obligations, a breach of the contract occurs. A contract breach might occur due to: What Happens After a Timeshare Contract Breach? When a Timeshare Contract breach occurs, the innocent…
Timeshares can be inconvenient. You might be considering letting your timeshare go into foreclosure if you’re making a monthly mortgage payment for a home you almost ever use, as well as exorbitant annual maintenance fees. Before you do so, think about how foreclosure can affect your credit score. A timeshare foreclosure, like home foreclosure, will…