What can I do if my timeshare resort changes my ownership?

September 18th, 2017

Silverpoint are justifiably coming under extreme scrutiny lately, once again hitting the headlines with a number of court cases in relation to timeshare fractional points and contracts made in perpetuity. Timeshare owners at Palm Beach Club in Tenerife, were notified back in 2014 that Silverpoint, formally known as Resort Properties, were going to start ‘relieving’ […]

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Over 7 million Lost in Fraudulent Claims!

September 13th, 2017

It seems more and more Timeshare resorts, airlines, car hire companies along with banks and phone providers are becoming progressively more creative when it comes to hidden extras and sneaky ruses designed to rip you off. According to Action Fraud, scams have increased by nearly 18% in 2016. There were over 5,800 reported holiday scams, […]

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Timeshare – Hidden Costs

September 11th, 2017

There are lots of things to consider when selling your timeshare because there are so many things to think about so important things can be overlooked. One of the most important financial aspects, that is sometimes not considered is the cost to transfer the ownership of a timeshare. It is common practice for the timeshare […]

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More Telesales Scams!

September 8th, 2017

During a well-earned break in Nuevo Vallarta, Mexico, Carlos and his wife Maria purchased a timeshare which cost $58,000 dollars at a timeshare resort named Club Regina. The purchase allowed them one week per year with a yearly maintenance fee of $1,400. Unfortunately for the couple, they have used their week once in past 17 […]

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Divorce and Timeshare!

September 1st, 2017

As we know when married couples divorce all assets and liabilities are normally split. Houses, bank accounts, and cars are the most common assets, however, there can be other assets out there that will need addressing as well, and one that seems to pop up regularly is a timeshare contract. Such an asset can be […]

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The Ever Increasing Maintenance Fees are Just Around the Corner!

August 30th, 2017

Almost every timeshare contract includes a clause relating to maintenance fees. The contract will state that the fees have to be paid during the full term of the contract. However, it will not state that it is a non-fixed rate nor does it state that these fees can be varied and entirely at the discretion […]

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Timeshare – Public Hearings

August 28th, 2017

Some public hearings are being held for disgruntled timeshare consumers. They are being given the opportunity to share their stories with the hope of developing a single piece of legislation that will be used to regulate the timeshare industry. The National Consumer Commission are carrying out these hearings to understand what the consumers are experiencing […]

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Timeshare – You’re not the one at fault.

August 11th, 2017

It’s really difficult to admit when you have been duped. The range of emotions you have to deal are varied such as being devastated, angry, incredulous and hurt. What you can’t do though is blame yourself. It’s difficult to give yourself a break when you have made a momentous decision that has resulted in loss […]

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Why Did I buy a Timeshare

August 4th, 2017

Whilst on holiday we all seem to come across one promotion or another, this could be anything from drinks promotions to timeshare holidays! During your holiday you will see advertisements everywhere. You will come across posters and bill boards alike with phrases such ‘final reductions’, ‘act now’, ‘don’t miss out’ and ‘for a limited period […]

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Ever Increasing Annual Fees!

July 31st, 2017

Cases where presented to the National Consumer Commission in Durban in July, from consumers who are locked into contracts for life, unable to sell timeshare their points or even give them away in order to free themselves from the ever-increasing costs. Thankfully the National Consumer Commission are to conduct a two-day public inquiry. Thezi Mabuza […]

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