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Timeshare Upgrade: the worst decision

Timeshare Upgrade: the worst decision
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Salespeople working in the timeshare industry get exited when touring timeshare owners; why? Because chances are that they do not like their existing timeshare and are about to offer a "magical" solution: buy their timeshare under the promise they will sell their existing one for a profit. Have you been in this situation? Learn how to get from underneath.

Taking vacations is a luxury that people work hard to achieve. When people purchase a timeshare it is because they want to invest in their future enjoyment. If they experience problems with their timeshare (ie. lack of availability, fraudulent offers of discounts, poor customer service, etc.), it is very disheartening as they have invested a lot of their hard-earned money in good faith to the resort company. When victims of timeshare scam try to complain or to cancel their timeshare contracts, they are often talked into purchasing a new timeshare or upgrading their current one in hopes of rectifying their original problem. Numerous clients have contacted us to cancel, not just one timeshare contract, but 2, 3 or even 4 timeshare upgrade or purchase agreements!

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The following are just a few scenarios of how purchasers were persuaded into buying multiple timeshares due to their frustration with their original timeshare:

Timeshare upgrade 1st scenario
 

When they first experienced problems with their timeshare, they contacted the timeshare company to complain. The timeshare company claimed that the problems they were experiencing (ie. lack of availability of their type of suites, lack of dates available, special offers promised during the sales presentation were invalid) were due to the fact that they had purchased a lower value timeshare package. The salespeople then continue to convince them to purchase an upgrade so that they can take full advantage of the resort, or have more flexibility in availability of suites and dates. They sign a new contract, which voids the initial contract, and agree to a new purchase price. Later they realize that the same problems they experienced previously are still occurring, even with their upgraded package. Not only had they lost their original investment, but they were also bound to a new contract with the dysfunctional company.

Timeshare upgrade 2nd scenario

On other occasions, clients regret their original purchase due to dissatisfaction with their timeshare or vacation plan. They may feel like they have been scammed into purchasing into a fraudulent agreement. While on another holiday they are approached to go to a timeshare presentation with a different resort company. The salesperson appeals to them by empathizing with their disappointment with their original timeshare. He offers them equity for their old timeshare and promises to take it over from them. The client is assured that they will no longer be responsible for their original timeshare if they purchase the timeshare with the new company. They sign a new contract and a trade-in equity agreement for the old timeshare. Regrettably, later they find out that their old timeshare was never taken over, and they are now responsible for maintaining two timeshares. We have heard of people who have had this situation several times, leaving them with up to 5 active timeshares and all the fees that go along with these purchases.

Timeshare upgrade 3rd scenario

Another variation of timeshare scam is when the new timeshare company promises that they can sell the client’s old timeshare, often for greater than the purchase price of the timeshare with the new company. They are verbally advised that the sale is guaranteed if they purchase the new timeshare; however, this information is not included in the written contract for the new timeshare.  The clients are later referred to a resale agency who charges an additional listing fee. The resale agencies will list the old timeshare on their website, but don’t actually guarantee timeshare sales, and in the majority of cases the clients are not able to sell their original timeshare. The clients are left with multiple timeshare contracts and responsibilities, and the loss of the listing fee to the resale agency.

The solution to a non-functional timeshare is not to purchase another timeshare or upgrade the existing one. It is very likely that this will result in being stuck with multiple fraudulent timeshare plans and a very costly financial burden.

Timeshare upgrade solution

Don’t get scammed twice! Our staff at Mexican Timeshare Solutions is committed to informing people that they have other options. The best option to resolve a timeshare scam situation is to cancel your contract and get your money reimbursed. This way your original investment is recovered so that you can spend your money as you desire. Cancel your contract today so that you can relieve yourself of the timeshare burden and use your hard-earned money to take relaxing, enjoyable vacations with your family and friends!

 Information to share

If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?

  • Share this link http://www.timesharescam.com/blog/74-timeshare-upgrade/ on your favorite blogs and forums

 

Leave your comment below and share your opinion with us. To know more about timeshare scams go to: Executive Properties: Timeshare Rental Scam

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18 Comments
  • KarenFebruary 26, 2017, 1:24 pm

    actually we are struggling this situation, royal holiday are asking us to make an upgrade, that for us is unnecessary, the only thing that we really want to is to CANCEL OUR MEMBERSHIP, we dont need anymore a timeshare.

  • bob westgateDecember 8, 2015, 8:29 am

    I have a questions. I want out of my contract. If I upgrade with the same company will my old contract be void, once I sign the new contract? If so couldn't I then within the rescission period cancel my contract? Would this work?

  • VianeySeptember 28, 2015, 1:13 am

    Dont get caught ! just dont make an upgrade , on my own experience that could be the worst mistake that i did.. if you have the opprtunity the best that you can do is to get out of timeshare, search for the cancellation , dont mess with all those people ( resort salespersons ) good luck .

  • Regie L.August 17, 2015, 1:43 am

    say NO to upgrade , is another scam behind a scam , if you have the opportunity to get out just quit and get rid of timeshare, upgrade a timeshare only gonna increase your problem , so please dont be fooled.

  • Paty December 15, 2014, 8:27 pm

    its a cycle that never ends, so quit "upgrading" and make a cancellation , dont trust on that "tricky solutions "

  • melhickenOctober 11, 2014, 11:46 am

    The timeshare scams became especially rampant in recent years as many consumers struggled to unload properties they'd purchased during better financial times.

  • donSeptember 22, 2014, 8:03 am

    My wife are I were considering sitting in on a timeshare presentation just to get the free honolulu trip, but after reading these comments it's not worth my time. I also don't need the psychological tactics to tell me I can afford when at the current time I'm putting two kids through college.

  • holosanAugust 30, 2014, 11:33 am

    What the only thing you need to know about timeshare: Get far away from that business!

  • davidJuly 31, 2014, 9:57 am

    I never understood the fascination people had with time shares. I think it makes them feel wealthier than they really are — like a vacation home when they really can’t afford a vacation home. One of the biggest legal scams out there in my opinion.

  • MikeJune 30, 2014, 3:46 pm

    Timeshares are a scam. I bought one 10 years ago and have regretted it ever since. It is nearly impossible to trade it for someplace you want to go, when you want to go. When you throw in the maintenance fees and the mandatory membership fees for Interval International or similar, the cost is higher than a hotel. Perhaps when the hotel costs were the largest expense for a vaction a timeshare made sense. Now that air travel is the largest expense and booking packages on line give you the best deals, timeshares are useless.

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