Timeshare release

coolpedro

Hi, anyone on here that knows about timeshare release and done it? Iv a company that is telling me they will get me released from a timeshare for £5600 held in an account until the release is done and they say i can pay £100 through dredit card and the balance by bank transfer thus protecting my payment??????....timeshares a mine field

Paully232000

what is the name of the company.
Sounds too good to be true?

grumbler

coolpedro wrote: »

... they say i can pay £100 through dredit card and the balance by bank transfer thus protecting my payment??????....

They lie. For a debit card payment this is definitely untrue

Paully232000

grumbler wrote: »

They lie. For a debit card payment this is definitely untrue

I had assumed that the word was meant to say credit....card

grumbler

Lol.........

dealer_wins

OP its a classic scam IMO.

antenna

coolpedro wrote: »

Hi, anyone on here that knows about timeshare release and done it? Iv a company that is telling me they will get me released from a timeshare for £5600 held in an account until the release is done and they say i can pay £100 through dredit card and the balance by bank transfer thus protecting my payment??????....timeshares a mine field

YOU WILL LOSE ALL YOUR MONEY...is that clear enough.........
The very best people to fall for a TOTAL SCAM are those that have been caught before.
You cannot sell timeshare because it has NO VALUE
You cannot give timeshare away for free,so why would anyone pay you for it?.......................A timeshare resale company will only buy your timeshare AFTER THEY HAVE FOUND A MUG TO BUY IT,and will charge you listing fees even if they dont sell it..........

antenna

To get out of timeshare YOU JUST STOP PAYING THE ANNUAL FEES.
Dont reply to any correspondence with them.or they will brainwash you to pay them even more money...............JUST WALK AWAY.

JimDuke22

My mum and dad have a timeshare that they have not used for 12 years and not paid for for 3 years, the company wants £1200 off them, can they legally just not pay it? what can happen if they just say no?
Thanks jim

eskbanker

JimDuke22 wrote: »

My mum and dad have a timeshare that they have not used for 12 years and not paid for for 3 years, the company wants £1200 off them, can they legally just not pay it? what can happen if they just say no?
Thanks jim

They need to check the Ts & Cs of the agreement they signed but chances are they can't simply decide not to pay any more and walk away. If they do owe the company the £1200 (e.g. for non-cancellable annual management/maintenance fees or whatever) then if they don't pay it they should expect to be contacted by debt collectors, either from the company or whoever they sell the debt to.

Probably worth shifting this to a more suitable forum as it isn't related to credit cards, maybe try the Overseas Holidays & Travel Planning one, where there are other posts about cancelling timeshares....

JayneABC

Hello Pedro, That sounds like a scam. That happened to me, I had to use a claim service to get out of mine. They were called Timeshare Help, they did charge me but it wasn't too much and it was after my contract was canlceled and they actually did what they said they would. I hope you can get out of your timeshare.