The saying ‘If it sounds too good to be true, then it rarely is’ could have been coined with the timeshare industry in mind. Many timeshare owners bought timeshare on the promise of fantastic holidays every year, having a slice of a holiday home and potential investment opportunities, amongst other reasons. Unfortunately, once reality hits, some people feel that they were duped or they haven’t received what they paid for. Here at TimeshareCompensation.co.uk we are giving you an incite to the harsh reality about the timeshare industry.

Timeshare companies lure many people to a ‘short’ presentation with what can be simply classed as bribery. They offer free gifts to people who are willing to sit through timeshare meetings that can go on for hours.

When attending a presentation for timeshare, the sales representatives are all about making the sale. Sometimes making the sale is the only way they will get paid as many only work on a commission basis. The sales reps are highly skilled in what they do, they have charm and charisma. They have to have a certain like-ability because who wants to buy something from someone they don’t like or even trust? If a sales rep senses that they haven’t won you over with their abundance of niceties then they may start piling on the pressure. They may strong arm you into buying something you don’t want. Many people have reported that they were kept in sales meeting for hours on end without food or drink and were only allowed to leave once they agreed to purchase. Other people have said they arrived at a resort for their holiday and were only allowed into their room after after attending a presentation.

If you think you may be interested in buying timeshare, but want little more time to think things through, there have been occasions where sales reps advise you that the offer is available for ‘today only’ forcing you to sign while still unsure. If you have been given the chance to go away to discuss things further but then decide against owning a timeshare, sales reps have even resorted to bullying to just make the deal.

Some people are lead to believe that there is just a one time fee to purchase timeshare and although you will only pay that initial fee once, you then have to contend with yearly maintenance fees which are likely to increase as the years go on. An example of this is if you signed a timeshare agreement for 50 years and paid ₤10,000 for your initial payment, you then have to pay yearly maintenance fees for the next 50 years, which for instance could be ₤500 a year. You would be paying a total of ₤35000, without taking any maintenance fee increases in to consideration. That is a lot of money before you have even booked things like flights and got spending money sorted.

The bottom line is, the timeshare industry only cares about itself. All it wants is to make as much money as possible, they really aren’t thinking about the timeshare owners. From the people on the street offering scratchcards, to the reps taking the presentations, the resorts, all the way to the heads of timeshare companies, the harsh reality is they will do whatever it takes to make as much money as possible.
The saying ‘If it sounds too good to be true, then it rarely is’ could have been coined with the timeshare industry in mind. Many timeshare owners bought timeshare on the promise of fantastic holidays every year, having a slice of a holiday home and potential investment opportunities, amongst other reasons. Unfortunately, once reality hits, some people feel that they were duped or they haven’t received what they paid for. Here at TimeshareCompensation.co.uk we are giving you an incite to the harsh reality about the timeshare industry.

Timeshare companies lure many people to a ‘short’ presentation with what can be simply classed as bribery. They offer free gifts to people who are willing to sit through timeshare meetings that can go on for hours.

When attending a presentation for timeshare, the sales representatives are all about making the sale. Sometimes making the sale is the only way they will get paid as many only work on a commission basis. The sales reps are highly skilled in what they do, they have charm and charisma. They have to have a certain like-ability because who wants to buy something from someone they don’t like or even trust? If a sales rep senses that they haven’t won you over with their abundance of niceties then they may start piling on the pressure. They may strong arm you into buying something you don’t want. Many people have reported that they were kept in sales meeting for hours on end without food or drink and were only allowed to leave once they agreed to purchase. Other people have said they arrived at a resort for their holiday and were only allowed into their room after after attending a presentation.

If you think you may be interested in buying timeshare, but want little more time to think things through, there have been occasions where sales reps advise you that the offer is available for ‘today only’ forcing you to sign while still unsure. If you have been given the chance to go away to discuss things further but then decide against owning a timeshare, sales reps have even resorted to bullying to just make the deal.

Some people are lead to believe that there is just a one time fee to purchase timeshare and although you will only pay that initial fee once, you then have to contend with yearly maintenance fees which are likely to increase as the years go on. An example of this is if you signed a timeshare agreement for 50 years and paid ₤10,000 for your initial payment, you then have to pay yearly maintenance fees for the next 50 years, which for instance could be ₤500 a year. You would be paying a total of ₤35000, without taking any maintenance fee increases in to consideration. That is a lot of money before you have even booked things like flights and got spending money sorted.

The bottom line is, the timeshare industry only cares about itself. All it wants is to make as much money as possible, they really aren’t thinking about the timeshare owners. From the people on the street offering scratchcards, to the reps taking the presentations, the resorts, all the way to the heads of timeshare companies, the harsh reality is they will do whatever it takes to make as much money as possible.

If you would like help claiming compensation for your timeshare then please do not hesitate in calling one of our advisors to find out more.

Please see our recent post regarding timeshare harassment.

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