Why are there so many problems associated with a timeshare purchase?
The answer is very simple, it is not bought it is sold, from years of working with timeshare purchasers trying to get out of their contracts it is very clear that unlike any other product consumers will purchase they did not go out with the intention of buying. We all know the scenario; you are […]
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Timeshare EU – The 14 day killer
Ever since the EU timeshare Directive of 2008 was adopted by member states into their own statute law, countries at the forefront of timeshare, such as Spain have had to tow the line. The 14 days we refer to is basically a cooling off period, in other words, a period that allows would be buyers […]
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What is perpetuity?
A really simple question with incredibly complex answers. Many years ago when Britannia ruled the waves, and to a lesser extent right up to today, the annuity was a very popular financial instrument so before we move on, let’s examine briefly the annuity. Currently, a purchased life annuity is a contract between you and an […]
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Why can’t I give back my timeshare?
A simple question TCA get asked all the time, with a simple answer, you just can’t but why should this be? We will attempt to answer the question with a little more fact-based reasoning. Firstly we need to divide the timeshare product into two parts, the old-fashioned fixed or floating week contract and the current […]
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Timeshare sales – a lesson to be learned?
Apart from the requirement to pay annual maintenance fees, that only ever seem to go up; the other massive complaint is the sales methods used by timeshare developers and their sales teams. Too much pressure, too much time, too many lies are some of the main grievances. The pattern of these complaints hasn’t changed over […]
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Why do so many people still buy timeshare?
Given the plethora of unfavourable reviews on the internet with regard to owning a timeshare it amazes us that the product is still sold in vast quantities. The situation in Europe is a little different to that of the USA. A number of developers have either scaled back their sales operations or closed them entirely […]
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Timeshare and divorce
This article comes about because of a real problem posed to us recently. In brief we were contacted by a lady who owns a timeshare in Kissimmee Florida. She originally purchased with her husband but they divorced many years ago, he remarried but she didn’t. The ex husband died recently and willed his half share […]
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Exiting an American timeshare
It’s fair to say that the majority of UK owners have their timeshare in European resorts with Spain topping the list, however due to the popularity of American resorts especially those in Florida more and more Brits are buying American timeshare. The incredibly attractive resorts, slick sales presentations and the general euphoria that surrounds being […]
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TCA 2021 TIMESHARE OWNERSHIP SATISFACTION SURVEY
Firstly, we will take a retrospective view of our 2020 maintenance survey but before that we would like to express our thanks to all who took part. With a response of slightly over 1,800 owners the overriding fact that came to the fore was a general feeling that resorts and developers did very little to […]
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Why timeshare loses value part 2
Let us start with asking a question, why would any multi million pound company at the cutting edge of the timeshare industry stop selling timeshare and close all sales outlets? We might venture that the whole resort or resorts have been sold out so they have no more stock left, probably unlikely. Could it be […]
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