Developer misrepresentation is not uncommon. We can help you terminate your timeshare contract if you legitimately feel as though you were taken advantage of by your timeshare developer.
Let’s get a few things straight… We don’t hate the timeshare industry, we genuinely love timeshares. And frankly, what’s not love: dazzling destinations, spectacular scenery and amazing amenities. What we are opposed to is the rampant misrepresentations and unethical sales practices that are used by timeshare developers. It comes as no surprise that there is zero advocacy for timeshare owners who have legitimate grievances against developer misconduct. This usually comes in the form of unethical sales practices, developer misrepresentation, high-pressure sales tactics and increasing developer maintenance fees.
Do any of these sound familiar?
Getting out of a timeshare is a notoriously difficult process that can quickly eat up your time and money. However, there are some viable exit options to consider, including:
If you have recently acquired a Diamond timeshare, there is a possibility that you can opt to cancel your timeshare within a certain period of time known as the rescission or retraction period. This window is commonly referred to as the “cooling off” period and typically ranges from 3 to 15 days, varying by state. To cancel, you have to send a written request, known as a Cancellation Letter, to your timeshare provider making sure to be clear and firm in your request.
Some timeshare companies have “Walk-away Programs” that allow you to walk away, but they may have conditions. These conditions could include joining a waiting list, showing financial hardship, or stopping use of your timeshare for a period of time.
You can try selling your timeshare directly to the developer, on the resale market, or to a friend or family member. However, you may lose money in the process. The downside to this is that there are hundreds, if not thousands, of listings.
Terminating a timeshare on your own could be a costly endeavor and takes a lot of time and understanding to do so. That’s where our area of expertise as a timeshare exit advocacy group comes into play. With our proven timeshare resolution process we can help you terminate your timeshare and find resolution towards being timeshare-free.
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We recommend that you first contact your developer and ask about available exit programs that they may offer. We recommend that you both call your developer and follow up with written correspondence, always keeping a copy of any correspondence for yourself. Explain to your developer why you want to exit your timeshare, and provide as much detail as possible, including any misrepresentations or high-pressure sales tactics that you may have experienced.
In writing your letter, you may want to consult an attorney. Although there are few attorneys out there with extensive timeshare exit experience, we can provide recommendations.
Every case has specific characteristics and circumstances. As a general rule, and based on our experience, our team requires between 6 and 36 months to resolve a timeshare contract.
In writing your letter, you may want to consult an attorney. Although there are few attorneys out there with extensive timeshare exit experience, we can provide recommendations.
TCR has maintained a very high rating from the Better Business Bureau for several years. Our BBB rating is A+ and accredited. We pride ourselves on our customer service. There are no perfect companies, but what separates us is that we do our very best to resolve any issues.
Every company has some bad reviews, including us. And every company has challenges, including us. For example, there are now a few lawsuits pending against us where developers are trying to use court cases to put us out of business. In addressing these cases, we are defending our right to provide important services to the public, and at the same time trying to address criticisms by giving our clients more information about how we do our work. We hope that this will enhance our offerings. And while these challenges are real, so too is our outstanding BBB rating, in which we take great pride. We care greatly what our clients say about working with us.
Another reason to consider working with us is that TCR has the expertise of those who have worked in the timeshare industry, collectively, for over 75 years. We know the timeshare industry from “both sides of the fence” and we follow developments in the industry so as to benefit our customers.
We have helped thousands of owners exit their timeshares.
We pride ourselves on customer service. So, once you begin working with us, a dedicated member of our client services team will be assigned to you. You will be able to reach out to your client services representative whenever you wish.
Because TCR only works with timeshare owners who believe that their developers have failed to deliver promised services. This includes owners who feel that they have been lied to or deceived by their developer or who feel that their developer made misrepresentations to them during the sales process, perhaps tricking them into buying a timeshare. Many of our clients report experiencing high-pressure sales meetings where they are kept in developer sales presentations for up to 6 hours, sometimes with no breaks, and ultimately agreeing to sign a developer contract simply to escape the sales presentation. Because TCR works with these types of clients, we consider ourselves consumer advocates.
It depends on the specifics of your timeshare contract (or contracts, as many people have more than one timeshare contract). Our average fee range is always a fraction of what you will spend for your timeshare. In making your decision, you should calculate the total savings from exiting, including not having to pay maintenance fees, special assessment fees, facility fees, or high interest rate monthly payments if you are paying monthly on a note.
TCR provides many services for the fees that it charges. We use our decades of experience and knowledge of the timeshare industry and our best efforts to help you try to exit your timeshare. TCR will recommend an experienced attorney for you to consult with, one who has experience working with clients in your situation. TCR will also recommend an experienced credit management firm for you to consult with, one with experience in enforcing your rights under the federal Fair Credit Reporting Act, the federal Consumer Financial Protection Bureau rules, and certain state credit reporting laws, depending on where you live.
TCR also works with you to develop a complete list of the factual reasons as to why you want to exit your timeshare, including any misrepresentations by the developer, and then gives those facts to your attorney for their use. TCR also helps you identify the necessary documents and information to assist your attorney. If your attorney needs more information from you, we will let you know, and coordinate between you and the attorney. Of course you can always reach out to your attorney directly. We may also recommend various government agencies to help protect your rights as a consumer.
In addition, TCR tracks key developments and changes within the timeshare industry, including trends within individual timeshare developers. We make this information available to the credit management firms and attorneys to whom we recommend clients, so that they can use that information to better help you or others. By way of example, if TCR sees a trend whereby a certain developer’s salespeople have a pattern of telling clients that their timeshares will increase in value just like owning a home (which is simply not true), we will make sure to ask our clients if they were told this lie and relay this information to the attorneys to whom we recommend clients. Because TCR works with hundreds of owners each year, we are often able to recognize such trends, including at the developer level.
TCR has also served as a resource for clients whose credit is harmed by a developer reporting negative items. We have communicated with financial institutions, educational institutions, and businesses on behalf of our clients, to describe the facts of their situation, including that timeshare ownership is not the same as home ownership. We have also paid for the legal defense of owners when a developer sued our client, though this service is discretionary and provided on a case-by-case basis. Based on our experience, developers do not typically sue owners, but when that has happened, TCR has paid for the defense of certain of these actions in the past.
TCR also counsels clients by talking to them about their bad experiences with developers. In fact, we spend many hours doing so. Many of our clients believe that their timeshare experience is unique. Many feel ashamed or angry that they purchased a timeshare because they feel that they were tricked into doing so. Because we have spoken with thousands of dissatisfied timeshare owners, we have heard many such stories. We may be able to help put your situation into a broader context, all as a part of our service offerings.
If you choose not to engage TCR, you have other options to try and help you exit your timeshare:
• You can contact your developer directly and seek an exit. Some developers have their own internal exit programs and policies. Others have policies or practices whereby they will cancel or terminate a timeshare if the owner does not pay for a certain period. You can contact your developer and ask them about this option as well.
• You can consult an attorney.
• You can file a complaint with several places, including but not limited to the Better Business Bureau, your state’s Attorney General, or the Federal Trade Commission.
TCR can never advise you to stop paying on your contract. That is a decision that you must make on your own, or in consultation with a lawyer. We note that several national publications such as the AARP magazine (Dec. 2020/Jan. 2021) have run articles that describe this as an option. Also, certain developers have policies or practices whereby they will cancel an owner’s timeshare if the owner does not pay for a period of time. You may also want to consult your developer to see if this is an option.
Please let us know if you have already stopped paying on your timeshare and for how long. Regardless of your payments status we will do our best to assist you.
Yes it can, but it may depend on the manner in which you try to exit. If you stop paying on your timeshare, your credit can be negatively affected. If you decide to work with us, we can recommend a credit repair agency that uses the rules of the federal Fair Credit Reporting Act, the Consumer Financial Protection Bureau, and where applicable certain state credit laws, to try to remove negative items from your credit reports. In some cases, this is a long process; in other cases, the credit agency may have to repeat the process; and in some cases, you may get results right away. It is a case-by-case, developer-by-developer process. While the process is not always completely effective, the service we recommend to our clients has had great success. And we have negotiated a deep discount, a flat fee, if you wish to use our recommended credit agency.
We are NOT a law firm and we do not give legal advice. We gather data from our clients about the reasons they want to exit their timeshare, including all misrepresentations and unethical sales practices they believe they were subjected to by the developers. Then we work with our team of professionals to understand your story. We gather the facts of your situation, and recommend a lawyer to review them on your behalf.
No, we do not offer a guarantee. However, we do offer escrow, which, depending on your situation, may be better than a guarantee. In fact, we are one of very few companies in the timeshare exit industry that offer an escrow option. And we believe that our A+ rating from the Better Business Bureau also explains our success, and we are accredited by the BBB, unlike some other timeshare exit companies.
In general, “timeshare cancellation” refers to a window of time after your initial purchase during which you are allowed to terminate or rescind your timeshare contract. On the other hand, “timeshare exit” refers to our process of trying to help you resolve your unwanted timeshare once the cancellation period of your contract has passed. If you qualify for our program, our team will use our best efforts to try to help you exit your timeshare.
For the record, we may use the term “timeshare cancellation” from time to time, but this is only referring to the basic term or phrase that many people use on a regular basis in their search for timeshare exit services such as ours. That term may include, but is not limited to, Re-Acceptance, Supply of Inventory, In Rem, Deed in Lieu, Foreclosure, Termination, Surrender and Release, Timeshare Release, Settlement and Release of Claims, Settlement Offer, Recapturing Inventory, Loss of Privilege, Quit Claim Deed, and Voluntary Surrender and Mutual Release.
A timeshare exit company is an intermediary between you and your timeshare developer that does its best to help you exit your current timeshare agreement. Timeshare exit companies can be one of the most efficient ways for timeshare owners to exit their current membership agreements. Additionally, this option tends to save owners precious time, energy, and money instead of dealing with difficult timeshare developers, who generally try to get you to keep paying their fees or to buy more points. Each situation and timeshare exit company will be different, so it’s important to ensure you’re selecting a reliable company with verified testimonials from reputable websites such as the Better Business Bureau and Trustpilot.com.