Timeshare Cancellations

Timeshare Cancellation

Is Timeshare Cancellation even possible? To offer a clear explanation of the ins and outs of timeshare cancellation to our customers, Timeshare Release Now Advocacy Team gathered information from two Timeshare industry insiders who shared their professional insight on this very question. First, we spoke candidly in confidence to a sales representative, “Sue”, who used to work in the timeshare industry on the sales side. This is her perspective on timeshare sales and timeshare cancellation:

Timeshare cancellation, sure it’s possible, but only if the consumer gets professional help from an organization like Timeshare Release Now, LLC Portland, Maine offices. From the perspective of a timeshare sales force, our job was to misrepresent the truth to consumers in order to make them feel like they had no choice but to accept the timeshare ownership and keep paying. We would get questions about timeshare cancellation all the time and we would simply refuse to help. Instead, when someone asked us about the possibility of cancelling a timeshare we would use their complaint as a tool to try and sell them more timeshare. We would tell them that the reason they want to cancel their timeshare is because they don’t know how to use it or they don’t have the right form of ownership.”

“Remember, if someone cancels their timeshare, some sales person loses their commission. All of us on the sales floor would help each other by misdirecting complaining consumers who actually thought they could contact the sales staff for help in a timeshare cancellation. We used every trick in the book to keep consumers from cancelling their timeshare within the rescission period. If I sold a timeshare and the rescission period was 10 days, I wouldn’t answer a phone call from my new customers until day 11. Everybody in the office knew the drill, “Avoid Timeshare Cancellation at all costs!” “

“Additionally, from what I understand, most resorts, including the one I worked for, had teams of employees in a customer service role, not directly connected to the sales force, whose job it was to field incoming requests for timeshare cancellation. Their only job was to use fear as a tool to control any consumer requesting a timeshare cancellation. Fear of having their credit ruined, fear of having a foreclosure on their credit report, fear of being harassed by collection agencies, or fear of being sued by the resort for breach of contract. Most timeshare owners are law abiding, good people looking for an economic benefit. The thought of having to deal with the aforementioned circumstances was just too much drama for them to handle. Plus, many consumers feel partly to blame for signing a binding contract that they never really read or understood. The resort uses that guilt to their advantage and makes the consumer believe they have to pay for their mistake.”

“In conclusion, from my perspective, the average consumer who wants How to cancel a timeshare is up against a maze of misinformation if they try to independently rely on the resort to communicate with them in a logical or fair manner. Really, the only recourse for timeshare cancellation is support from an organization like yours, Timeshare Release Now.” Next we spoke to “Craig O’Donnell”, an independent consultant and expert in Consumer Protection Law, and asked for his perspective on timeshare cancellation. These were his thoughts:

“Timeshare Cancellation by its very nature is an uphill battle, even with the right tools and knowledge. Unfortunately, the consumer protection laws that are in place to allow consumers an avenue of recourse when confronted with timeshare issues are well hidden among hundreds of thousands of laws published and governed, for the most part, by the Federal Trade Commission. Even if a consumer has the time and ability to sift through and collect all the laws that may be helpful to his or her specific grievance, knowing where and how to apply those laws to get the desired timeshare cancellation result is an impossible task for most people.”

“I have personally seen the stress and anxiety this situation causes for many consumers and can appreciate the services offered by legitimate timeshare exit companies like Timeshare Release Now. Do consumers have grounds for timeshare cancellation? Most of the time they do, but they need to find the right kind of assistance. The basis for most timeshare cancellations is claiming Consumer Timeshare fraud & Timeshare Resale misrepresentation. For example:

  • Being told you are buying a real estate investment.
  • Being told your timeshare is a tax write off.
  • Being told they have a resale department in the event you want to sell your property/points.
  • Informed the resort was pet friendly and later finding out pets are not allowed.
  • Verbose claims to induce the purchase of the timeshare.
  • Not being informed of exchange fees and being told that you can travel freely at any time to any place.
  • Not being made aware of maintenance fees or that your fees will increase.
  • Not being informed of potential assessments as the property ages or that you may be responsible for additional dues when other timeshare owners have backed out of their timeshare.
  • Summoned to a meeting under the guise it is a mandatory “owners” meeting only to be pressured and sold an upgrade.
  • Not being able to use your timeshare, with the resort citing that nothing is available or you do not have enough points.
  • Not being informed of the time period in which you can cancel your timeshare.

Now, claiming timeshare fraud or misrepresentation is one thing but, articulating it, exercising your rights as a consumer and navigating through to a positive outcome is yet another. Most timeshare attorneys can’t be bothered because of the lack of money involved and I would seriously question anyone claiming to be an attorney who says they provide timeshare cancellation services. Is timeshare cancellation possible? Absolutely, but, it must be done correctly, using the policies and procedures afforded every citizen under the law. In my opinion, Timeshare Release Now has developed the right approach in assisting consumers with timeshare cancellation. The Timeshare Cancellation process involves a marriage of timeshare industry, consumer protection law and real estate transaction knowledge and expertise. The trick is bundling it all together in a comprehensive package and providing direction and support at a reasonable price to the already financially burdened consumer. In my opinion, Timeshare Release Now has done this very well, indeed.”

You probably haven’t read anything here that you didn’t already believe to be true. Hopefully you have a better understanding of the situation you are in and realize you need help. Timeshare cancellation is a reality. Make it your reality. Contact us today and let us help you! Get your money back and the TRUTH YOU DESERVE! STOP LIGHTING YOUR MONEY ON FIRE! ACT NOW TOLL-FREE (844)-215-2744 or LOCAL (207)-457-0209 Portland, Maine Corporate Offices

Timeshare Exit Credit Protection Services

 Here’s How Merchant Companies Screwed Timeshare Cancellation Timeshare Advocacy & Small Businesses, and Here’s How to Avoid It

By Dustin Michaels  |  June 29, 2017  |  1:20pm

Merchant Companies scam small businesses
Merchant companies scam & destroy small businesses

 

 

 

 

 

 

 

 

 

 

 

 

Photo by Justin Sullivan/Getty

America lauds itself as the land of the entrepreneur, where the Timeshare Advocacy market does not receive the rewards and compensates as other businesses in the same Timeshare Travel Industry, Merchant Companies will get the account approved then once you start to process payments, they put the account in RISK HOLD status locking up the funds then telling the account holder that they cannot process anymore payments and the funds in process are being held for up to 2-3 years. We hear this story happening every time verbatim to Small to Medium Size business owners all over the US and surrounding countries. Small businesses strive for these customers payments, as it takes a good deal of stress, time & money to operate these companies then to have the merchant company who you’re supposed to put ALL trust into then takes the money for themselves leaving the acct holder high and dry with no options but to forget about the money and move on to find another provided who will just do the same thing. At some point, somebody will have to do something about this Merchant Scam epidemic and shut these organizations down for good. These merchant companies are regulated by the Department of Business & Professional Regulation and the Federal Trade Commission being registered in any state they are taking more than $600 dollars from a consumer in any given time. If they are not registered and hold Surety Bonds they could be penalized and potentially shut down for not being up to code with the State & Federal Licensing & Registration Codes. Our tax code is conceived in a manner that allows people like Paul Ryan to claim that we have the highest corporate tax rate in the world without being completely wrong, but it’s still deceptive. Timeshare Exit Companies & Consultancy Agencies with armies of lawyers and accountants are able to find discounts in an endless number of loopholes, while smaller mom and pop shops wind up paying the full fare, making up for the shortfall created by our corporate overlords.

The tax code is one example of our two-tiered economic system. I spent a year working on the frontlines of another, literally putting a price on my soul: Merchant services.

The definition is simple, even if the actual business is anything but:

“Merchant services is a category of financial services in the United States that is used by businesses. Merchant services are authorized financial services that allow a business to accept credit card or bank debit card transactions using online ordering or point of sales systems. Timeshare Merchant Services is a prohibited business to get approved but there is ways to work around the loophole and get the approvals needed to process credit cards and debit cards from the Timeshare Owners and these Timeshare Companies clients. No need for Timeshare Attorneys or Timeshare Lawyers when you have Timeshare Advocates and Certified Counselors to guide you through our 100% Guaranteed Timeshare Cancellation Program with 100% Proved Process Timeshare Exit Solutions to walk you away from a lifetime of payments in just under 8 weeks.

Credit Monitoring Timeshare Services
Timeshare Release Now Credit Monitoring Services

Basically, merchant services is the middle man between your customer’s bank and your bank. If you operate any kind of business that wants to accept debit or credit cards, you cannot do so without opening a merchant account first. It is not something we hear about very often, but every single one of us interacts with merchant services on a daily basis, and the entire industry is rotten. I will not single out the company where I worked for obvious legal reasons, but more importantly, because they did nothing out of the ordinary (and truthfully, were one of the better ones).

The best comparison would be the steroid era in baseball: if you’re not cheating, you’re losing. If you run a business, this piece is specifically targeted at you, as I owe a debt to the community, and it is my duty to help shine a light on this labyrinth of half-truths designed to defraud everyday Americans.

Learn the Game, then Beat the Game

This summary does not include aggregators like Square or Paypal. They have a different business model that is much more hands off than a merchant services company. You pay one (high) rate and don’t have to worry about much else. Go with them if you have a small business that is not pulling in a lot of cash. If you consistently process more than $3,000 per month, merchant services companies will save you more money. I would suggest not going to either of these two players if you own a Timeshare Exit Company or Document Preparation Agency dealing with Timeshares and customers who want to sell my timeshare and rent my timeshare services. Never do the donate my timeshare scam, it doesn’t work. Timeshare Resales and Timeshare Rentals don’t work.

Most places do not advertise their full prices online. When you call to inquire about rates, who you are speaking with is trained to give you little information about what you actually are going to pay. They will either pitch you blended pricing (one rate for all credit and debit card transactions) or more likely split pricing (separate rates for credit and debit) along with a monthly fee. You ordinarily wind up paying about the same rate with either.

Some of the less reputable merchant services will advertise 0% split pricing on debit card transactions, but that is only part of the story. There are two debit card rates you could pay. If the customer enters their PIN, those transactions cost the merchant 0% $0.25. If the customer does not enter their PIN and simply signs the receipt, you will pay around 0.4% $0.20 (online transactions have higher rates, but for the purposes of this column, we will only use the rates for in-person transactions*). As you can see, this is just the start of a very complicated dance that you have no choice but to be a part of.

(Quick side note: if 70% of your transactions are face to face, in-person pricing will save you the most money. If 30% of your transactions are keyed in or done online, online pricing will be your best bet. Most companies will guide you in this direction, but there are some firms who financially incentivize their salespeople to add as many fees as possible. One sales rep called us asking for a job during a Saturday shift and I spent the next hour hearing about a litany of dirty tricks.)

Next, they will pitch the credit card rate, and this is at the center of the scam because not all credit cards are created equal.

Banks charge merchant services timeshare companies The Interchange Rate, which is what all pricing in the Timeshare Vacation Travel Leisure industry is based around. VISA and MasterCard both publish their Interchange Rates, so you can get an idea of the true cost of various cards, but the number of people in the world who truly understand what those links contain can probably be counted on two hands. The most important thing to know about The Interchange Rate is that the banks will charge processors anywhere between 0.05% and 3% on any transaction.

The Interchange Rate reflects the risk in processing any card. Debit cards have very little risk because if you do not have the money in your account, the transaction will not go through. The industry used to issue a larger surcharge on debit cards until the Durbin Amendment in the Dodd-Frank bill capped it at about 45% less than average. Credit cards are a bigger liability than debit because fraudulent transactions are usually larger.

As far as which credit cards are most expensive, it depends on the rewards and the issuer. The simple rule of thumb is the better the perks, the more expensive the card, which is why you see so many merchants that do not accept American Express. Business cards are riskier than credit cards because theoretically anyone working in the company can use them, thus making it more difficult to trace fraudulent transactions to their source. International cards carry the highest Interchange Rate as they bring the most risk.

So, when you’re talking to your salesperson, they will most likely pitch you only one credit card rate – around 1.6% + $0.20 per transaction. You should then ask how they can afford to pay the Interchange Rate while only charging half of its peak. If they do not disclose any additional rates, hang up, you are seriously getting scammed. The good companies will not outright lie at this point, but they will downplay the additional rates, called the mid-qualified and non-qualified rates. These exist in both blended and split pricing structures. Some of the most successful salespeople I worked with avoided those by simply saying “they are specialty card rates, and you don’t need to worry about them.” These are specialized rates, but you certainly do need to be concerned with them.

Typically, the mid-qualified rate is 2.6% $0.20 per transaction and the non-qualified rate is 3.6% $0.20 per transaction; a 62% and 225% increase on the initial quote.

So, what cards are the mid and non-qualified rate applied to? Most likely, about half the cards you run. Some lines of business can elicit specific types of cards, but on average, you get a fairly even split between debit, non-rewards credit, rewards, and business cards. The “credit card rate” that you will be pitched at first does not apply to the credit cards people want to use. The credit card companies depict rewards cards as their gift to you, but in reality, America’s merchants are paying for your double miles, cash back, etc…Most rewards cards fall into the mid-qualified tier, so your true credit card rate will almost never be the advertised 1.6%.

Timeshare Release Now Timeshare Cancellation Services Aired on Live Television NBC, FOX News, CBS, & ABC

The non-qualified rate is usually applied to business and international cards, and if you run a B2B business, you absolutely must let your salesperson know up front, as you will exclusively pay the top rate. The day I decided to quit was when one of my merchants called me livid after receiving his first bill. We charged him more than twice the rate I pitched him over the phone, and as a result, he missed a mortgage payment on his house which doubled as his home office. So, what is a B2B sales business to do? Inquire about a different method of pricing called Interchange Plus, which was only available to big corporations until a few years ago.

Every single B2B business should be on this pricing structure (as well as most businesses that have an average transaction above $10). It’s more difficult to pinpoint your exact rate, but you will always pay less because the tiered structure that the industry pitches has maximum profitability built into it. Interchange Plus is much closer to the true rate of the card.

All you do is pay The Interchange Rate plus a markup – usually about 0.3% + $0.10 per transaction. At my company, we were trained to avoid pitching that structure as much as possible, only pivoting to it once someone really pushed back against our rates, and many less profitable processors do not even offer it as they cannot make enough off it to keep their doors open.

Other Landmines to Avoid

B2B businesses will still pay more in credit card processing fees than a typical brick and mortar shop no matter the pricing structure, but simply doing a little extra work and pushing your salesperson can save you thousands of dollars. What I want to stress more than anything is to simply do your homework. The industry is designed to perpetuate half-truths, but many merchants incentivize these companies to lie. Roughly half the businesses I signed up in my year there didn’t process a single transaction and never cancelled, gifting us the monthly fee and the monthly minimum every thirty days.

The monthly minimum is usually $25, and many salespeople will tell you that so long as you process $25 every month, you will not pay that penalty. However, they usually leave out the key word in that phrase: “so long as you process $25 in fees every month, you will not pay that penalty.” If you process at least $2,500 per month, you probably do not need to worry about this fee that every single processor charges and downplays.

Timeshare maintenance fees
Timeshare maintenance fees

If someone says a terminal is free, it’s not. You either pay way more for shipping and handling than you should, or you get a free terminal and a multi-year contract. You should never lease your credit card machine as there are a plethora available all over the web and you will always pay more to lease one than to buy it outright. I had one merchant send me their statement and we discovered that as a consequence of renting their equipment, this processor had roped them into a three-year deal both on the merchant account and the machine, with $1,000 cancellation fees on both. There has never been a situation where renting equipment was beneficial to the merchant; it only serves to enrich the processor.

Some shops promise that you will pay no PCI fee, and not all are lying, but most are. At my job, we were paid commission on accounts that stayed open through 60 days. If someone closed their account on day 61, it would have no effect on our paycheck. PCI fees are usually assessed annually, so lying about it carried virtually no risk for us salespeople (unless someone actually read the application which clearly stated an annual PCI charge – the industry provides everything you need to know on the application, and then pays salespeople to distract you from it). This fee is assessed by VISA and MasterCard, and if you do not pay it, your merchant services company will have to, and given how thin the margins of profitability are in the industry, very few will foot the bill. Expect to pay around $100 per year for this service that does actually have value, as it helps protect you from being on the hook for fraudulent transactions.

Contracts are another tricky area. Technically everyone has a contract since that is just the name of the agreement between merchant services and merchants, but the key is if they have an early termination fee. This brought another moment of disillusionment with the Timeshare Travel industry.

I worked for Timeshare Release Now Timeshare Advocacy Agency sales office on the east coast, but the processor who owned our sales outlet and handled all the transactions was located on the west coast. One day, I was speaking with a customer who said that one of our more notoriously scummy competitors told them they did not have a contract. I instructed them to get me a copy of their agreement so I could show them the exact wording stating they did in fact, have a contract. Once I got my hands on their application, I saw that their legalese read the exact same as ours – word for word, save for one key detail. Ours stated that we had a $0 early termination fee, while our competitors carried a $400 early termination fee.

MSP’s (Merchant Service Providers) set up ISO’s (Independent Sales Offices) to sell their accounts. So even if you sign up through So and So Merchant Services, your money is actually being handled by Megalithic Processor. As soon as you open your account, the sales office has virtually no control going forward, and you will have to call the processor for any disputes.

Given my experience, I believe that some sales offices must be set up to defraud people with the hopes that they will pay the early termination fee, then get set up through another sales office owned by the same processor. When I quit, my boss told me that the company had 75% year over year employee turnover (and despite being in a soul-sucking industry, it was a good place to work), so you can be certain that I am not the only aggrieved former merchant salesman.

The Larger Context

Capitalism is all about transactions. The more transactions completed, the more the economy grows. Our economic elites pitch a vision that economist Umair Haque has derisively termed “Growthism,” where all other concerns about the economy are dismissed so long as the GDP is swelling. It does not matter who the expansion benefits, so long as we get to say that the economy gained every quarter, and everyone should be satisfied.

But everyone isn’t happy. Despite consistent growth for nearly a century, the economy does not work for a majority of us, and this is the source of Bernie Sanders and Donald Trump’s popularity. Lifetime politicians in the D.C. bubble never seriously pushed the two-tiered economic narrative because they were one of the chief beneficiaries of the upper tier. Bernie Sanders and Elizabeth Warren changed that, and as a consequence, Hillary Clinton has adopted much of their verbiage in order to stave off a revolt. The culture around the economy is rotten, and merchant services is emblematic of the virus at the heart of it.

Merchants get screwed every day, paying rates they never were told about, but this is not entirely the fault of the credit card processors. Frankly, if you call up any salesperson in any industry and take everything they say as gospel without questioning it, you deserve to get ripped off. If I’m getting paid per sale, I am incentivized to not tell you inconvenient truths; however, lying to your face constitutes a crime. It is the merchant’s responsibility to uncover the entire picture, and far too many people that I spoke to had no interest in doing their due diligence. Many would give me unrealistic projections of what they could expect to make from their business, and were excited to just get this process over with and didn’t even read the application. This is small scale Growthism: “just give me my money, all other consequences be damned.”

We are undergoing a culture change as it pertains to our economy. We used to think that corporate America had our best interests at heart since we were their primary source of revenue, but globalization provided them with an influx of cheap labor, providing more avenues to squeeze profits out of their businesses. The result is a culture that values money more than people. Merchant services defrauds mostly small businesses (roughly two thirds of my merchants processed less than $10,000 per month) all for the benefit of large, sprawling processors operating in the shadows.

So I want to take this small moment to call upon America’s small business owners to help set this developing revolution in stone. Comb over your monthly statements, and call to question your processor if you see something off. If you’re starting a new business, play sales offices off of each other as their advertised rates can be changed with the approval of any manager, especially if you provide a competitor’s offer. Fight back against Growthism and help to build an economy whose benefits to the populace are calculated in more than just dollars and cents. Public opinion has shifted in favor of the economic interests of the plebeians, and now it’s time to back it up with concrete actions. If you are looking to cancel a Timeshare and think you need to hire a Consumer Timeshare Attorney or Timeshare Lawyer, your wrong and you need to give us a call ASAP to go over your options and to potentially educate you on the do’s & don’ts within the Timeshare Exit Industry.

Toll-Free (844)-215-2744 or File a Complaint FormQualify To Cancel TimeshareOur REPUTATION (Reviews)CONTACT US

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Timeshare security freeze

A Credit Freeze, also known as a Security Freeze, is a way for you to have maximum control over access to your credit.

Placing a freeze on your credit report will prevent lenders and others from accessing your TransUnion credit report in response to a new credit application. With a security freeze in place, even you will need to take special steps when you wish to apply for any type of credit.

You will need to place a security freeze separately with each of the three major credit reporting companies if you want the freeze on all of your credit files. There may be a fee for this service based on state law; see our chart below for further details. A security freeze remains on your credit file until you remove it or choose to lift it temporarily when applying for credit or credit-dependent services.

When should I consider a security freeze?

  • You want maximum control over access to your credit report.
  • You are concerned that you might become a victim of fraud/ID theft.
  • You are a victim of fraud/ID theft.
  • You won’t need to apply for credit in the foreseeable future.
  • You are the guardian of a minor or medically incapacitated consumer who won’t need to apply for credit in the foreseeable future.

A freeze is a drastic solution, but can prevent a credit report from being released in response to a new credit application, so you will need to plan ahead and lift the freeze before applying for new credit.

fraud alert is a good alternative for many consumers. It directs the credit report recipient to contact the consumer at a number the consumer provides before granting credit.

How do I set up a security freeze?
To set up a security freeze with TransUnion, please visit our online form. You should be prepared with the following types of information:

  • Your full name, including middle initial and suffix, such as Jr., Sr. II, III
  • Social Security Number
  • Date of birth
  • Current address
  • All addresses where you have lived during the past two years
  • Email address
  • A copy of a government-issued identification card, such as a driver’s license or state ID card, etc.
  • A copy of a utility bill, bank or insurance statement, etc.

How To Lift a Security Freeze

If you wish to temporarily lift your Security Freeze, go online: It’s the fastest, easiest way to accomplish your goal right now.

By Telephone:

Call 844-215-2744 if you wish to temporarily lift your Security Freeze please fill out the Security Freeze Lift Form Here. Please have ready your Social Security number, date of birth, Security Freeze PIN, lift type, start and end dates and the payment method to be used to pay the applicable fee, if any, for the service. Please refer to the Security Freeze Table for fees, if any. Under certain circumstances, as defined by state law, you may be eligible for reduced fee or free Security Freeze services. Please note that it may take up to 15 minutes to process your request. It may take longer if you have lost your Security Freeze PIN.

By Mail:

Complete the Lift section of the Security Freeze Form that was sent to you with the Security Freeze information letter (sent to you after you requested the Security Freeze), and mail it to the address shown at the bottom of the form. Please refer to the Security Freeze Table for fees (if any). Under certain circumstances, as defined by state law, you may be eligible for reduced fee or free Security Freeze services. Acceptable forms of payment are check, money order, or credit card (American Express, Discover, MasterCard and Visa). When selecting the start date for your temporary lift, be sure to allow mail delivery time for your request to reach TransUnion. It may take up to three business days from date of receipt to process your request to temporarily lift the Security Freeze by mail. It may take longer if you have lost the Security Freeze PIN. Request Mailto: Timeshare Release Now 222 Saint John Street Suite 4G Portland, Maine 04102

Security Freeze Fees by State

While some states may be more restrictive or prescriptive, TransUnion has made certain business decisions that may make it easier or less expensive for certain consumers to place, lift or remove security freezes. These decisions are noted below:

  • TransUnion will allow any consumer in any state to add, lift or remove a security freeze.
  • TransUnion allows consumers in any state to add, lift or remove a freeze online, by phone or by mail. Victims of ID Theft should submit their request, along with acceptable documentation, to TU via mail.
  • TransUnion does not charge victims of identity theft who want to add or lift a security freeze.
  • TransUnion does not charge any consumer for security freeze removals.
  • When a state allows for different amounts to be charged for a lift for a specific party versus a lift for a period of time, TransUnion will charge the lesser of these amounts for either type of lift.
  • TransUnion does not currently charge a consumer for replacement passwords or personally identifiable numbers (PIN).

In order to be eligible for free security freeze services, you may be required to provide proof of eligibility by mail. Click here for more information.

 

State Consumer Class Fees
Add Lift Remove
AA,AP and AE addresses

(Armed Forces)*

Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free
Alabama Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free
Consumer 65 years of age or older Free $10 Free
Alaska Victim of ID Theft Free Free Free
Not a victim of ID Theft $5 $2 Free
Arizona Victim of ID Theft Free Free Free
Not a victim of ID Theft $5 $5 Free
Protected Consumer—Victim of ID Theft Free N/A Free
Protected Consumer—not a victim of ID Theft $5 N/A Free
Protected Consumer—under the age of 16 years and the CRA has a credit report pertaining to the protected consumer Free N/A Free
Arkansas Victim of ID Theft Free Free Free
Not a victim of ID Theft $5 $5 Free
Consumer is 65 years of age or older Free $5 Free
California Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free
Consumer is 65 years of age or older Free $5 Free
Colorado Victim of ID Theft Free Free Free
Not a victim of ID Theft Free $10 Free
Connecticut Victim of ID Theft

Spouse of ID Theft Victim

Consumer on ID Theft Victim’s health insurance policy

Free Free Free
Not a victim of ID Theft $10 $10 Free
Victim of Domestic Violence Free Free Free
Consumer is 62 years of age or older Free Free Free
Protected Consumer—Victim of ID Theft Free N/A Free
Protected Consumer—not a victim of ID Theft $10 N/A Free
Delaware Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 Free Free
Consumer is 65 years of age or older $5 Free Free
Protected Consumer—Victim of ID Theft Free N/A Free
Protected Consumer—under the age of 16 years and the CRA has a credit report pertaining to the protected consumer Free N/A Free
Protected Consumer—not a victim of ID Theft $5 N/A Free
District of Columbia Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 Free Free
Florida Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free
Consumer is 65 years of age or older Free $10 Free
Protected Consumer—Victim of ID Theft Free N/A Free
Protected Consumer—not a victim of ID Theft $10 N/A Free
Georgia Victim of ID Theft Free Free Free
Not a victim of ID Theft $3 $3 Free
Consumer is 65 years of age or older Free $3 Free
Protected Consumer—Victim of ID Theft Free N/A Free
Protected Consumer—not a victim of ID Theft $10 N/A Free
Protected Consumer—under the age of 16 years and the CRA has a credit report pertaining to the protected consumer Free N/A Free
Guam * Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free
Hawaii Victim of ID Theft Free Free Free
Not a victim of ID Theft $5 $5 Free
Idaho Victim of ID Theft Free Free Free
Not a victim of ID Theft $6 $6 Free
Illinois Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free
Consumer is 65 years of age or older Free $10 Free
Active duty military member Free Free Free
Protected Consumer—not a victim of ID Theft $10 N/A Free
Protected Consumer—Victim of ID Theft Free N/A Free
Indiana Victim of ID Theft Free Free Free
Not a victim of ID Theft Free Free Free
Protected Consumer—not a victim of ID Theft $5 N/A Free
Protected Consumer—Victim of ID Theft Free N/A Free
Protected Consumer—under the age of 16 years and the CRA has a credit report pertaining to the protected consumer Free N/A Free
Iowa Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $12 Free
Protected Consumer—Victim of ID Theft Free N/A Free
Protected Consumer—not a victim of ID Theft $5 N/A Free
Protected Consumer—under the age of 16 years and the CRA has a credit report pertaining to the protected consumer Free N/A Free
Kansas Victim of ID Theft Free Free Free
Not a victim of ID Theft $5 $5 Free
Kentucky

(expires after seven years)

Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free
Louisiana Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $8 Free
Consumer is 62 years of age or older Free Free Free
Protected Consumer—Victim of ID Theft Free N/A Free
Protected Consumer—not a victim of ID Theft $10 N/A Free
Protected Consumer—under the age of 16 years and the CRA has a credit report pertaining to the protected consumer Free N/A Free
Maine Victim of ID Theft Free Free Free
Not a victim of ID Theft Free Free Free
Protected Consumer—Victim of ID Theft Free N/A Free
Protected Consumer—not a victim of ID Theft $10 N/A Free
Protected Consumer receives a notice of a security breach and provides a copy of that notice to the CRA Free N/A Free
Protected Consumer—under the age of 16 and the CRA has a credit report pertaining to the protected consumer Free N/A Free
Maryland Victim of ID Theft Free Free Free
Not a victim of ID Theft $5 $5 Free
Protected Consumer—Victim of ID Theft Free N/A Free
Protected Consumer—not a victim of ID Theft $5 N/A Free
Protected Consumer- under the age of 16 and the CRA has a credit report pertaining to the protected consumer Free N/A Free
Massachusetts Victim of ID Theft

Spouse of ID Theft Victim

Free Free Free
Not a victim of ID Theft $5 $5 Free
Michigan Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free
Protected Consumer—Victim of ID Theft Free N/A Free
Protected Consumer—not a victim of ID Theft $10 N/A Free
Protected Consumer—under the age of 16 and the CRA has a consumer report pertaining to the protected consumer Free N/A Free
Minnesota Victim of ID Theft Free Free Free
Not a victim of ID Theft $5 $5 Free
Mississippi Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 Free Free
Missouri Victim of ID Theft Free Free Free
Not a victim of ID Theft $5 $5 Free
Montana Victim of ID Theft Free Free Free
Not a victim of ID Theft $3 $3 Free
Nebraska Victim of ID Theft Free Free Free
Not a victim of ID Theft $3 $3 Free
Consumer is under the age of 19 Free N/A Free
Nevada Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free
Consumer is 65 years of age or older Free Free Free
New Hampshire Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free
New Jersey Victim of ID Theft Free Free Free
Not a victim of ID Theft Free $5 Free
New Mexico Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 Free Free
Consumer is 65 years of age or older Free Free Free
New York Victim of ID Theft Free Free Free
Not a victim of ID Theft Free $5 Free
Victim of Domestic Violence Free Free Free
Protected Consumer—Victim of ID Theft Free N/A Free
Protected Consumer—not a victim of ID Theft $15 N/A Free
North Carolina Victim of ID Theft

Spouse of ID Theft Victim

Free Free Free
Not a victim of ID Theft Free Free Free
Consumer is 62 years of age or older Free Free Free
Protected Consumer—not a Victim of ID Theft $5 N/A Free
Protected Consumer—Victim of ID Theft Free N/A Free
North Dakota Victim of ID Theft Free Free Free
Not a victim of ID Theft $5 $5 Free
Ohio Victim of ID Theft Free Free Free
Not a victim of ID Theft $5 $5 Free
Oklahoma Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free
Consumer is 65 years of age or older Free $10 Free
Oregon Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free
Protected Consumer-—not a victim of ID Theft $10 N/A Free
Protected Consumer—Victim of ID Theft Free N/A Free
Pennsylvania

(expires after seven years)

Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free
Consumer is 65 years of age or older Free $10 Free
Puerto Rico Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free
Consumer is 65 years of age or older Free Free Free
Rhode Island Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free
Consumer is 65 years of age or older Free Free Free
South Carolina Victim of ID Theft Free Free Free
Not a victim of ID Theft Free Free Free
Protected Consumer Free N/A Free
South Dakota

(expires after seven years)

Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free
Protected Consumer—Victim of ID Theft Free N/A Free
Protected Consumer—not a victim of ID Theft $5 N/A Free
Tennessee Victim of ID Theft Free Free Free
Not a victim of ID Theft $7.50 Free Free
Protected Consumer—not a victim of ID Theft $10 N/A Free
Protected Consumer—Victim of ID Theft Free N/A Free
Protected Consumer—under the age of 16 years and the CRA has a credit report pertaining to the protected consumer Free N/A Free
Texas Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free
Protected Consumer—Victim of ID Theft Free N/A Free
Protected Consumer—not a victim of ID Theft $10 N/A Free
Utah Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free
Protected Consumer—Victim of ID Theft Free N/A Free
Protected Consumer—not a victim of ID Theft $5 N/A Free
Protected Consumer—under the age of 16 years and the CRA has a credit report pertaining to the protected consumer Free N/A Free
Vermont Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 Free Free
Virgin Islands * Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free
Virginia Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 Free Free
Protected Consumer—Victim of ID Theft Free N/A Free
Protected Consumer-—not a victim of ID Theft $10 N/A Free
Protected Consumer—under the age of 16 and the CRA has a credit report pertaining to the protected consumer Free N/A Free
Washington Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free
Consumer is 65 years of age or older Free Free Free
West Virginia Victim of ID Theft Free Free Free
Not a victim of ID Theft $5 $5 Free
Wisconsin Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free
Protected Consumer—medically incapacitated and not a victim of ID Theft $10 N/A Free
Protected Consumer—Victim of ID Theft Free N/A Free
Protected Consumer—under the age of 16 and the CRA has a credit report pertaining to the protected consumer Free N/A Free
Wyoming Victim of ID Theft Free Free Free
Not a victim of ID Theft $10 $10 Free

*These states have not passed a security freeze law and will be processed in accordance to the default fee schedule.

 

Convenient Online Services

  • TransUnion Credit Report

Purchase your TransUnion Credit Report Online

  • Place a Fraud Alert

Help protect yourself from fraud or identity theft with a Fraud Alert

  • Place a Security Freeze

Control third party access to your credit with a Security Freeze

  • File or Check Status of a Dispute

Investigate potential inaccuracies on your credit report is easy. File a Dispute now or contact our Certified Support Team Toll-Free (844)-215-2744 local (207)-457-0209 www.TIMESHARERELEASENOW.com

 

Sample Timeshare Contract Letter

Occasionally, Free Template Timeshare Cancellation Letters don’t do the job just that easy, free Timeshare Cancellation Letters do not always work out in your favor. If you find  one that this is the case for your timeshare attorney, please read this article to view a Sample Letter of Cancellation of Timeshare Contract by consumer timeshare attorneys and timeshare lawyers on the rise.

Sample Timeshare Cancellation Letter

Often times, parties who have entered into a Timeshare contractual agreement may find that the arrangements are no longer useful to their vacation needs. For a variety of reasons timeshare corporate attorneys will have to cancel a fraudulent timeshare contract but should know how to handle it appropriately and who to call, Timeshare Release Now‘s Timeshare Exit Team in Portland, ME. Therefore, if you need to cancel a timeshare deeded contract, you should know the essentials of what must be contained in a letter of cancellation of a cancel a timeshare contract.

Reasons For a Timeshare Attorney to perform Timeshare Exit Solution

There are many reasons why timeshare exit companies offer these valuable documents to the public choose to write a letter of Timeshare cancellation on a Timeshare Deed. In fact, not all Timeshare Cancellation Companies will work in the best interest of both parties and will have to be canceled Timeshares. Mainly, the reasons why most businesses decide to write a cancellation letter is due to the following:

Key Components

If you decide to write a letter of Timeshare cancellation, you must include key information that supports your decision to cancel the contract. When writing, make sure that you clearly, concisely, and factually state any pertinent facts. Also, include how your account will be settled if there is an outstanding balance owing on the account. Assure the party that you can be reached at the contact information provided for any questions or concerns. Keep your tone professional, short, and to the point.

Furthermore, you should include the following 7 key elements in your sample cancellation letter of Timeshare contract cancellations:

  1. Date
  2. Return address
  3. Person or business being addressed
  4. Reference number or account number
  5. Summary of the facts
  6. Settlement of account
  7. Signature of deciding party

    tips-avoid-timeshare-scams
    tips-avoid-timeshare-scams
Timeshare maintenance fees

As a potential buyer of a timeshare property, it is advisable to educate yourself as much as possible. There are varying levels of financial commitment, but no matter how much you ultimately end up owning, being knowledgeable about what you are purchasing is very important. Over the last 20 years there have been many changes to how timeshares are used within each of the popular vacation clubs, however many timeshare clubs still feature a deeded ownership.

deeded-timeshares-explained
deeded-timeshares-explained

What You Own When Purchasing a Deed

It used to be that when you purchase a timeshare, you were most likely buying a deed to a specific week, unit size and resort. This week would correlate with the number of weeks in a calendar year, starting with the first week in January as Week 1. This can be referred to as your home week, and in many cases, owners have guaranteed access to the week, resort and unit size, as shown on their deed. Typically, owners must reserve their home week within an allotted booking period, and if that does not take place, the rest of the club gains access.

Booking periods will be covered in greater detail later in this article. A majority of deeds allow their owners access to their ownerships each year for as long as they own the deed. Deeds may stay in the owner’s name for the remainder of the their life and can be gifted, willed, or owners have the option of selling their deed to a third party on the resale market. This is not the case for all deeds. Some allow owners the use of their property on specific years such as odd (ex. 1999, 2001, 2003) or even (ex. 2002, 2004, 2006) years or even every third year.

Also, some deeds actually expire at a set date, at which time, the owner’s rights to the property are terminated. For example, Disney Vacation Club is popular for employing right-to-use deeds for their ownerships. Below, we’ll be exploring the many different types of deed timeshare ownerships offered on the resale market.

Types of Deeded Ownerships

Points-Based

The two most recognizable timeshare clubs that use a deeded points-based system are Hilton Grand Vacation Club and Hyatt. Although they vary slightly, the overarching concept is still fundamentally the same. Points-based deeded ownerships give owners more options outside of their specific week, unit and resort location. These clubs award points to owners for the properties that they own. Each property within the Club’s collection of resorts have a level of desirability and value. And within each property, specific weeks are more desirable than others, and thus cost more in points to reserve. Below you can view the number of points needed to make a reservation for a specific unit size:

Hilton Marbrisa Points Chart

Platinum Weeks 22-42 & 51-52
Unit Size Mon-Thurs Fri-Sun Full Week
Per Night Per Night Per Week
Studio / Studio Plus 350 700 3500
1 Bedroom 480 960 4800
1 Bedroom Plus 620 1240 6200
2 Bedroom 700 1400 7000
2 Bedroom Plus 840 1680 8400
2 Bedroom Plus Premier 960 1920 9600
3 Bedroom 840 1680 8400
3 Bedroom Plus 960 1920 9600
Gold Weeks 1-21 & 43-50
Unit Size Mon-Thurs Fri-Sun Full Week
Per Night Per Night Per Week
Studio / Studio Plus 250 500 2500
1 Bedroom 340 680 3400
1 Bedroom Plus 420 840 4200
2 Bedroom 500 1000 5000
2 Bedroom Plus 580 1160 5800
2 Bedroom Plus Premier 700 1400 7000
3 Bedroom 580 1160 5800
3 Bedroom Plus 700 1400 7000

Once you become an owner, you can use your points to book reservations at any resort within your Club’s collection of resorts. This is done within specific reservation periods. Each club has different rules about when and how you can book vacations but the one commonality is that each gives owners a home reservation period in which they are guaranteed their home resort. Once their home reservation window is over, their ownership is essentially turned into points that can be used elsewhere, often referred to as Club Use Period, or Club Reservation Window. There is a large amount of flexibility with this style of timeshare club and many of the timeshare brands are moving toward the direction of a points-based system.

Floating Week

Floating week ownerships give some flexibility to owners within their home week reservation period. Rather than having to book the exact week associated with your deed, you may book any week within the season you are in. Marriott Vacation Club is a perfect example of this type of deeded ownership. Prior to the switch to Destinations Points, Marriott sold, what have now become referred to as, ‘Legacy Weeks.’ These Legacy Weeks were deeded ownerships with floating weeks that could be booked within your ownership season. There are still timing restrictions and booking periods like other clubs. Floating weeks give owners a little more flexibility outright without having to wait until the weeks become available to everyone else.

Right-To-Use Ownership

Right-to-use ownerships are different than deeded ownerships because they feature an expiration date whereas deeded timeshare ownerships are perpetual and do not expire. Many resorts in Mexico feature right-to-use ownerships because of the laws not allowing foreign ownership of property. When signing the purchase agreement, buyer will know exactly when the contract is terminated.

Non Deeded Ownerships

Trust System

Some timeshare clubs do not offer a deed to a specific property or resort. Instead, you buy into a collective timeshare trust. Marriott’s Destinations Program is a well-known trust system among the timeshare clubs. When you buy selected increments of points or beneficial interests, your purchase is in to the entire trust and you own a small portion of the whole trust. How does this relate to timeshares? Buying into a trust gives owners access to the entire club, rather than one property. There are no owners who have first rights to home resort reservations and each reservation is first come, first serve. Dues and fee are also spread out among all the owners based on the number of points owned. The more points you own, the more due and fees you will have to pay. Because there are no deeded weeks, the points are awarded to owners each use year, as long as they are in good standing with the club.

Final Comments

There are many types of deeded timeshare ownerships that are available to buyers. It is important to keep in mind that you should purchase your timeshare ownership based on how you and your family are going to use your ownership. There are a wide variety of vacation clubs, so be sure to educate yourself on all your options. If you have questions about deeds or would like more information about a vacation club, you can contact us for a free consultation.

Timeshare maintenance fees

Whether you are considering vacation ownership or you are already an owner, it is important to understand your timeshare maintenance fees. It is best to learn about these costs before buying a timeshare, so you can make an educated decision about this major, long-term purchase. To owners looking for a better understanding of their maintenance fees—it’s never too late to learn! Below, we’ve answered essential questions regarding timeshare maintenance fees.

When you purchase your timeshare, you agree to pay your maintenance fees for the duration of your ownership. Failure to pay timeshare maintenance fees will result in collection efforts by the management company or homeowners’ association. You could incur interest and late fees if your contract specifies it, which will then inflate the total amount due to make your account current.

If you continue to fail to pay your maintenance fees, the management Timeshare exit company or homeowners’ association will send the bill to a collections agency. This can lead to a decrease in your credit score. You could also be taken to court by the timeshare management company to force you to pay your past-due bills. Finally, since deeded timeshares are a real estate property and maintenance fees are part of the purchase contract, failure to pay them could result in the resort foreclosing on the property and selling it at auction to recover the money.

Timeshare Release Now Logo PNG

Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.
Related to Special Assessment: Special Assessment Bonds

A real property tax proportionately levied on homeowners and landowners to cover the costs of improvements that will be for the benefit of all upon whom it is imposed.For example, a special assessment might be made to pay for sidewalks or sewer connections.

West’s Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
Colorado Consumer fraud timeshare bulletin

Whether you are considering Timesharing vacation ownership or you are already an owner, it is important to understand your timeshare maintenance fees. It is best to learn about these costs before buying a timeshare, so you can make an educated decision about this major, long-term purchase. To Timeshare owners looking for a better understanding of their maintenance fees—it’s never too late to learn! Below, we’ve answered essential questions regarding maintenance fees.

Maintenance Fee

1. An annual fee that a brokerage assesses on all accounts for the ability to keep an account at that brokerage. The Timeshare maintenance fees inflate every year may be larger if an account has few years of ownership on it for a given year. See also: Inactivity fee.

2. See: Timeshare’ association fee.

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

maintenance fee

The fee charged by a Timeshare Development to keep an investor’s account. For example, some brokerage firms levy a inflated maintenance fee on accounts that have been inactive during a year. Nearly all firms offering sweep accounts charge an annual maintenance fee.
Wall Street Words: An A to Z Guide to Investment Terms for Today’s Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.

maintenance fee

Another name for a condo association fee and timeshare cancellation and timeshare exit companies pay for the timeshare foreclosure and consumer timeshare attorneys Timeshare maintenance fee, and sometimes used to describe the rent charged to a co-operative apartment owner.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.