If your financial problems have reached the point where you do not see a way out and you feel as though you are drowning in debt, your best way out is through declaring bankruptcy. Filing may well allow you to get your finances back on track Thankfully, there are now several web sites that are there to help people like you with bad credit to find the fast personal loans that you need. When you have bad credit, the first thing that you should be looking for is a loan company that
There are lots of misunderstandings regarding timeshares. The basic idea about them is simple enough- you own the right to use a luxury suite in paradise every year- but it seems almost too good to be true. Even though many people love them, timeshares have been categorized several times as one of the worst purchases you could ever make by many financial magazines. Know the most common timeshare problems and how to get out of timeshare scams.Timeshare industry The timeshare industry is very complex and controversial. Some people love it, some people hate it; there are no uncertain terms. The truth is that the sale of vacation ownerships is an extremely profitable business for the timeshare companies, being that they have the possibility to sell each unit to 52 different owners, one for each week of the year. But, what about the buyers? Is it a good deal for them too? Unfortunately, many timeshare purchasers feel they were scammed and are not completely satisfied with their membership. Even though timeshare sales are growing, so are timeshare scams. Due to the increase of the frauds, the high prices of the units, the lack of flexibility on the timeshare programs and the deceitful sales practices, timeshare industry has gained a terrible reputation. To improve their reputation, timeshare resorts must perform a deep cleaning, or else they will be seriously affected.Timeshare problems: The most common These are the 10 most common timeshare problems:- Lack of flexibility: Most timeshares are sold under a fixed-weeks program, which means you have the right to use the timeshare during a certain week of the year at a specific resort; therefore, timeshares are not for people who like to travel spontaneously and even inthe most flexible plans; you will always be attached to the resort.If youd like to know more about timeshare plans go to our article, how do timeshares work?
- High timeshare maintenance fees: In addition to the purchase price and the down payment, you have to pay monthly maintenance fees, which are likely to increase significantly each year.
- The harassing timeshare salespeople: They are everywhere! In every popular vacation spot, there are basically hundreds of timeshare salespeople trying to convince you and you and your family to attend a timeshare presentation.
- The misleading sales practices: Timeshare presentations are known for being very long lasting, high pressure and full of lies. Salespeople give lots of verbal promises without any written confirmation of any of them, and to be honest, do you really want to spend your vacation time listening to a timeshare sales pitch?
- The impossibility to get rid of one: Ok, its not impossible to get rid of a timeshare, but it is extremely difficult. Even though there are several solutions regarding unwanted timeshares, most of them turn into a non-end street and a big dead headache for many timeshare owners.
- The strings attached to the resort: Owning a timeshare means that you will be attached to the resort where you purchased the vacation membership for a very long period, which can be very frustratingand monotonous.
- The Hidden fees: In addition to the maintenance fees, it is very likely that you will be charged for special assessment fees and yearly membership fees.
- They are difficult to rent: If for any reason you are not able to use your timeshare in a certain year, it is not very probable that you can rent out your weeks, regardless of what the sales reps might have told you. First you need to join a rental program, and then wait for someone who is interested in renting your weeks, but that can take a little while.
- They are difficult to swap: Many people buy timeshares with the intention to travel around the world. Big mistake. While there are many timeshare exchange companies, most times you need to wait for over a year to find someone who is interested in exchanging his timeshare with yours, and additional fees will be charged.
- Timeshares do not appreciate: Timeshares do not go up in value, in fact, they lose over 50% of their value at the moment the purchase is made. Thats why a timeshare should be never considered as a financial investment.
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