Tag Archives: review

Are Timeshares a Scam?

Consumers are making timeshare purchases everyday. 8 out of 10 times, these purchases are based on false, misleading statements made by the sale representative. If you take an in-depth look at what your actually getting for your hard earned money, you will find out you are getting ripped off. Sales representatives generally paint a grand picture of you and your family vacationing anywhere, anytime, at a fraction of the cost of an average vacation. None of that is true! The average annual timeshare for a family of 4 costs between $20,000 – $30,000 which is then financed for 120 months, to make it seem more affordable. The interest rate is between 12-18%. If you do the math, it will cost you twice as much for the timeshare over that 10-year period. This means $20,000 becomes $40,000 and $30,000 becomes $60,000!

Does this seem like a good economical way to travel? Are you saving money? NO, YOU ARE NOT! According to those numbers, your average yearly vacation is costing you between $3,000-$6,000 and that doesn’t include the annual maintenance and taxes! The truth is, it is much cheaper and easier to travel through discount travel companies, a travel agent, or yourself.

Timeshares are a scam it is that simple. They are costing consumers billions of dollars every year and these same consumers are limited to unwanted destinations. If you bought a timeshare and want out call Timeshare-Answers today and learn the truth about your purchase.

Is Timeshare-Answers a Scam?

Timeshare-Answers is a professional consumer advocacy company offering assistance to timeshare owners who have fallen victim to timeshare scams.
Whether the resort or a resale company scammed the timeshare owner we have the answers to your questions.

Thousands of timeshare owners buy timeshares every year based on outright lies and false promises from the resort. Here are some basics.

Examples of common misrepresentations during the purchase of a timeshare:
• Being told you are buying a real estate investment.
• Being told your timeshare is a tax write off.
• Being told that canceling a timeshare contract within rescission is not possible.
• Being told they have a resale department in the event you want to sell your property/points.
• Informed the resort was pet friendly and later finding out pets are not allowed.
• Exaggerated claims that induced the purchase of the timeshare.
• Not being informed of exchange fees and being told that you can travel freely at any time to any place.
• Not being made aware of maintenance fees or that your fees will increase.
• Not being informed of potential assessments as the property ages or that you may be responsible for additional dues when other timeshare owners have backed out of their timeshare.
• Summoned to a meeting under the facade it is a mandatory “owners” meeting only to be pressured and sold an upgrade.
• Not being able to use your timeshare, with the resort citing that nothing is available or you do not have enough points.
• Not being informed of the time period in which you can cancel your timeshare

If any of these sound familiar call Timeshare-Answers today for a free consultation 888-722-2648.