Timeshare Traps | Timeshare Solicitor
Timeshare Trap

Timeshare Traps

Timeshares can often present problems to their new owners following the completion of a sale. You’ll no doubt have heard the many horror stories that Brits have found themselves in thanks to this sort of situation. All of it can be completely avoidable too if you simply take the time to do some due diligence beforehand. So, if you’re looking to buy a timeshare, listen up and take note:

Timeshare scams are a genuine threat.

Although there are legitimate timeshare companies out there, would-be criminals are hiding in plain sight like a wolf in sheep’s clothing. That’s why you need to be vigilant.

Typical Problems When Dealing With Timeshare Companies

  • Lack Of Knowledge & Understanding

If you don’t understand the terms and conditions of a timeshare contract, then you could be in serious trouble if it turns out to be a timeshare trap. By reading the fine print of a contract, then you could begin to understand the nuances between a legitimate and illegitimate document. Being unable to decipher this could lead to utter disaster.

This timeshare agreement may see you get stuck with the timeshare if anything bad were to happen during the length of the contract. Losing money on an investment is one thing, but it’s even worse when it’s a timeshare as there’s very little chance you make it all back. So, do your research and have the contract professionally verified first.

  • Timeshare Scam Risks

There’s a possibility that this timeshare is a scam. An honest trader will give you time to think about the timeshare deal while a criminal will simply harass and pressure you into making a decision there and then. That’s why you need to stand your ground and tread carefully since you could be duped into making a decision that’s not right for your situation. Also be sure to look out for other scam tactics initiated by cold callers and other dubious types of contact – like email or text message, for example. Don’t believe a word that they say. Trust your instincts instead and be aware that they may have even obtained your details fraudulently in order to gain your trust.

  • Potential Of Rising Maintenance Fees

Something that is often left out of the timeshare contract are the maintenance fees which can rise to levels which are simply unpayable. Every year, these fees can be changed by the timeshare seller, leaving you in a state of panic and desperation. Factor this into your decision if you’re not flush of cash since you won’t afford it otherwise.

Rising maintenance costs on timeshare properties can lead to debt collection notices if you don’t pay it off in time. Not only that, but there’s also the possibility of finding a bailiff at your door looking to collect the debt if you’re not careful enough. Increasing debts could even lead to legal disputes, which are tedious and more expensive too.

Timeshare Traps Can Lead To Long, Drawn-Out Legal Battles

Whether it’s a legal battle due to rising maintenance fees or if you’re looking to claim your money back from a timeshare scam, the length of your case can be tiresome and complicated. For timeshare scams in particular, the amount of effort that goes into just the investigation could see it take up to several months or perhaps even years. If the most recent Anthony Lea and Ian Hollis case is anything to go off, then you may not be seeing your money for a while. Spanning back to 2011, the two were involved in a timeshare scam which saw elderly pensioners conned of their hard-earned money. They were only brought to justice due to a tip-off back in 2016.

How To Cancel Your Timeshare In The Correct Manner

By finding a reliable, experienced solicitor, you can successfully cancel your timeshare contract. The first option available to you is to try speaking to the resort and be open and honest about any recommendations, rather than stop paying your fees altogether. If they are willing to listen, then you can begin to exit your timeshare and leave that stress behind.

However, if they refuse, then don’t worry as this could be an intimidation tactic so that you have to see out the remainder of your timeshare contract. Get in contact with an SRA regulated solicitor such as ourselves and we can help you come up with a solution that works for you. Allow us to use our knowledge and expertise.

Have You Been Affected By A Timeshare Scam?

If you’ve been the victim of a timeshare scam and want to do something about it, get in touch today by calling 0161 839 8847 or be sure to fill out the contact form provided on our website.

Together, we can beat these timeshare scams and take back what is rightfully yours!

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Let me help you exit your timeshare Today.

I offer a free, initial consultation to go over the details of your particular circumstances and advise you on whether your timeshare is capable of being terminated and if you have an entitlement to financial compensation.

Stephen Boyd of Athena Law, specialist timeshare solicitor

Stephen Boyd - Specialist Timeshare Solicitor