How to Dispute Timeshare Loans

How to Dispute Timeshare Loans

Dispute timeshare loans can cause headaches for many. They may have been promised a great vacation experience, but end up paying more than they bargained for. They may also have buyer’s remorse, as they can no longer use the product they purchased. The financial burden that can result from selling their timeshare could be severe.

Many timeshare contracts require residents to pay maintenance fees, special assessments and property taxes. These fees are typically due on a monthly basis, but can also be paid quarterly or annually. Your resort could take legal action against you if you fail to pay your fees.

You might not be aware that you are in breach until it is too late. The timeshare provider may send you a demand letter or initiate a lawsuit. They may also mark your credit, send you an email or call you up and try to get you to pay the bill.

It is possible to check if your timeshare agreement is legally binding by carefully reading it. If you are in violation of your contract, you will be liable for damages. Timeshare resorts may sue you for damages if you don’t pay for repairs or maintenance.

You may also want to research the laws in your state or country. Some states are better than others at handling timeshare disputes. Some states grant timeshare owners an extra week to try and sell their timeshare. Alternatively, you may want to donate your timeshare to a charity, as this will relieve you of your financial burden.