Published June 05, 2019
There are fake companies pretending to offer help to timeshare victims
TIMESHARE claims are becoming a trickier business.
Because of the HUGE volume of claims victories going through the Spanish courts, the timeshare resorts themselves are using manipulative strategies to discredit the 'good guys' - those companies committed to helping owners get out of contracts that were mis-sold to them.
Many despairing consumers turn to the internet to help them find solutions only to be bombarded with statements, websites and articles giving false information.
There are also influential so-called 'help' websites out there purporting to aid consumers in sorting the good guys from the bad. However, looking into the deep background of such websites reveals quite a different story. One such example is www.kwikchex.com, not only is it funded by the timeshare industry, it blocks reports of wrongdoings committed by the resorts and targets companies representing consumers who are claiming retribution and the annulment of their timeshare contract. One of the largest under threat is European Consumer Claims (ECC) who have referred nearly 2,000 claimants to lawyers in Spain and the UK.
Is it any wonder that consumers do not know who to trust anymore?
M1 Legal were mentioned in a story in The Times earlier this year for instigating a case for mis-selling. The article highlighted the problems experienced by clients of M1 legal and also mentioned that the football stars Gary Neville and Ryan Giggs had a commercial interest in this particular resort. You can see a full copy of the article here https://m1legal.news/times.
During the Timeshare sales boom of the 80s & 90s, potential buyers were lured in by the promise of affordable exotic holidays, flexible exchange programmes and the impression that Timeshare would be a valuable "investment".
In an industry with little or no regulation, high pressure sales tactics were rife and contract smallprint was often glossed over and explained away by sharp salespeople.
Many Timeshare buyers were therefore unaware that they were actually making significant, long term financial commitments on behalf of themselves and their families.
To find out how you can escape the Timeshare Trap please complete the short Timeshare Release Wizard now.
For many Timeshare owners, annual maintenance fees were barely considered token amounts in the early "honeymoon period" of ownership.
However, year-on-year increases imposed by the resorts over time now mean that the maintenance fees have risen to become substantial sums.
Owners are also facing the prospect of ongoing yearly fee increases and realising that they (and their families) are often committed to long term contracts for generations to come.
Please try our Future Fees Calculator to estimate your liabilities over the term of your Timeshare contract, based on an annual increase of 7.5%.
If you're concerned about rising fees and how to escape the Timeshare Trap, please contact us today.
Recent comments from RCI Timeshare owners who have come to us for help with contract cancellation:
“We 'swapped ‘another place in Tenerife for this in order to move to the points system. Since then, getting exchanges to desirable resorts proves almost impossible, irrespective of in-season or off-season.”
“I purchased my timeshare in 1999 and have been a timeshare member ever since. More often than not, I have not be able to go where I wanted and have ended up giving a few weeks to Friends, etc to book somewhere they wanted in order not to lose the weeks. I have then stayed in a hotel!! I am desperately trying to get rid of the timeshare and am now paying Timeshare Shop in Manchester to get rid of it for me.”