Due to the current volatile state of the economy, many consumers have been forced into a financial hardship that they thought they would never have to deal with. Several of the Americans who are facing financial hardships are also timeshare owners. With the expenses associated with timeshare ownership going up annually, a large number of people simply can no longer afford to continue with their ownership.
Deciding that it’s a good idea to get rid of their timeshares, a large number of consumers try to sell their timeshares on the used timeshare market. However, because of an overwhelming supply of timeshares on the used timeshare market and the decreasing consumer demand for luxury products like timeshares, many consumers find that it is just about impossible to sell a timeshare these days and even if they do, the money they bring in will not be enough to pay off the mortgages associated with the properties.
After making an attempt to sell their timeshares, several consumers feel as though they are being forced to go into foreclosure. But, foreclosure has many adverse affects to the consumer starting with adverse affects on the consumer credit ratings. These reductions in credit scores a great deal of times lead to more of a financial hardship because they make it harder for Americans to borrow funds in time of need. Fearing the affects that foreclosure can have, a large number of consumers have been looking for a way out that will not have the negatively impact their financial stability.
The good news for many consumers is that there is one way to get rid of a timeshare that most timeshare owners have not tried. This way is called timeshare elimination. Timeshare elimination is the process of deeding a timeshare back to the developer because of discrepancies in the sales process and contract associated with the timeshare. In some cases consumers will even receive a refund from the developer to help them recover from the losses associated with their timeshares. The best part about it however is that it provides relief fast without harming their credit scores.
I know that a great deal of consumers are reading this article and thinking “Great idea but, how do I get started”. Well, this process requires the timeshare developer to have done something wrong when selling the timeshare to the consumer. Therefore, it is important for people to speak with a professional to see if they would even qualify for the service. However, if you feel as though you were victimized in one of the ways below, there is a strong chance that you will qualify:
Rushed into signing: Rushing people is a forceful and aggressive sales tactic that timeshare sales representatives have been using for years. The good news for those Americans who have been rushed into signing is that this sales tactic is not tolerated by law! Chances are, if you felt rushed into signing for a timeshare, you will qualify for timeshare cancellation.
False sense of urgency: Over the years, a large number of timeshare sales representatives have been using another forceful and aggressive sales tactic called false sense of urgency. A prime example of this is timeshare representatives telling Americans that this may be the last day for them to get the offer at hand. This is another example of a sales tactic not tolerated by law.
There are indeed plenty more examples however, I don’t have enough room to put them all here. If you are interested in timeshare cancellation, please head my advice to get a professional to help!