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timeshare exiting

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99tiggers99tiggers Forumite
1 posts
MoneySaving Newbie
We have a timeshare with club la costa.  My husband Mark and I want to exit it but are not sure the best way to go about it.  So I wanted some impartial advice.  We have had our fingers burnt twice once with ITRA and once with ABC Lawyers, so we are very wary. We didn't lose any money with either of these sharks, we escaped that by the skin of our teeth.  We have been told by the company today - called timeshare termination services  we do have perpetuity on it whereas CLC say we don't have perpetuity.  I don't know who to believe.   We have been quoted today £4000  for termination by timeshare termination services.    We have also been told we can do it free with CLC and just hand our timeshare back - but does this come this a catch like perpetuity?  We owe finance on it which is part or our debt management plan and have bi-annual maintenance on it which is due this year which we haven't yet paid due to the coronavirus situation - approximately £800.  Can any one advise please.  We wish we had never heard of timeshare or CLC.
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  • savvysavvy Forumite, Board Guide
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    Hi I will move your post for a better response as this board is just for reporting holiday bargains.
    Honorary Northern Bird bestowed by Anselm
    I'm a Board Guide and volunteer to help get your forum questions answered and keep the forum running smoothly on Special Occasions, Green/Ethical, Motoring/Overseas/UK Travel & Flood boards, it's not part of my role to deal with reportable posts. Report inappropriate or illegal posts to [email protected]. Views are MINE & not official MSE ones ;)
  • Alan_BowenAlan_Bowen Forumite
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    Are you referring to Timeshare Termination Team of Truro, if so you should avoid like the plague, They seemingly cold call people frightening them into giving them money upfront? Their website, which carefully avoids identifying any legal entity, in breach of the law, claims they have been helping people since 2014 but the website itself was only set up last year. There's lots more but that should be enough to tell you what not to do!
  • garysue4garysue4 Forumite
    12 posts
    First Post
    My husband and I are in the same boat. We have a timeshare in Tenerife and we are desperate to get out of it due to rising maintenance costs. We too have been quoted £4500 to get out of it... with a loose promise of sueing the resort for misselling. Please advise. 
  • garysue4garysue4 Forumite
    12 posts
    First Post
    99tiggers said:
    We have a timeshare with club la costa.  My husband Mark and I want to exit it but are not sure the best way to go about it.  So I wanted some impartial advice.  We have had our fingers burnt twice once with ITRA and once with ABC Lawyers, so we are very wary. We didn't lose any money with either of these sharks, we escaped that by the skin of our teeth.  We have been told by the company today - called timeshare termination services  we do have perpetuity on it whereas CLC say we don't have perpetuity.  I don't know who to believe.   We have been quoted today £4000  for termination by timeshare termination services.    We have also been told we can do it free with CLC and just hand our timeshare back - but does this come this a catch like perpetuity?  We owe finance on it which is part or our debt management plan and have bi-annual maintenance on it which is due this year which we haven't yet paid due to the coronavirus situation - approximately £800.  Can any one advise please.  We wish we had never heard of timeshare or CLC.
    We're in the same boat. Please report what you find and we will do the same.

  • garysue4garysue4 Forumite
    12 posts
    First Post
    We're in the same boat. We are desperate to get rid of our timeshare due to escalating maintenance costs. We've been quoted thousands to get out of it. Please help!
  • garysue4garysue4 Forumite
    12 posts
    First Post
    savvy said:
    Hi I will move your post for a better response as this board is just for reporting holiday bargains.
    Please move my post too. I'm new to this. Thanks. 
  • jonesMUFCforeverjonesMUFCforever Forumite
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    If you pay in advance you will never see the money again, and you will still have the timeshare and its expenses!
    What goes around - comes around
    give lots and you will always receive lots
  • TELLIT01TELLIT01 Forumite
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    The only way I would pay money is if it was direct to the timeshare company, and it was a payment to end all and any links with the company, including ending all liability for management fees.  I, and many others, had to pay to escape from MacDonald Resorts and it was the best money I ever spent.  Again, I stress, that money was paid direct to MacDonald Resorts.  Never, ever, pay up front fees to a company which claims to be suing, can get your money back etc.  Suggest to them that they take their fee from the money they recover for you.
    Some years ago the format used to be a call/email from this type of company claiming that they had a buyer for the unit, but could only complete after you had paid them £x to cover legal fees.  Once that money was received the prospective purchaser mysteriously disappeared, much to the annoyance of the company, but No they wouldn't return the fee, they would hold it for the next sale - which never materialised.
  • Alan_BowenAlan_Bowen Forumite
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    As Tellit01 has suggested begin by talking to the management of the timeshare operator and see if you can negotiate your way out. From their point of view they may be able to sell the points or weeks again, but demand is now not what it was in the 80's and 90's when timeshare was at its peak. If they point blank refuse, look to sell it through somewhere like Worldwide Timeshare Hypermarket, the prices may frighten you as they won't be anything like the amount you paid but at a low enough price you may find a buyer. 
    Whatever you do, do not talk to, and never go to a meeting (that's what got you into this mess in the first place) with a company that cold calls you and offers to get rid of the problem, they always want money up front and they never deliver on the promise

  • garysue4garysue4 Forumite
    12 posts
    First Post
    May I ask a question please? I have been dealing with a company called 'The Timeshare Advice Line' and their costs are in the region of £2000 to exit. However, they are asking us to sign over our ownership certificates. They say they can't get us out of our agreement until we do this. We're obviously very wary of doing this. Please help. 
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