Knowing the 10 worst timeshare companies can help individuals who are on vacation interested in timeshares avoid scams.
A timeshare agreement is an option for those who like to enjoy a resort but only pay for a piece of the room or condo.
With this option, many owners can share the space with other investors for designated periods of the year. Timeshare contracts or installations often fall into one of two categories.
Either a shared lease timeshare agreement or a shared deed exists. While this kind of vacation space sharing was a great way to solve a widespread issue, it may also be an opportunity for fraudsters to get involved and defraud individuals.
While not all timeshare companies are fraudulent, there are several that might be dangerous. Anyone who comes across these 10 worst timeshare companies should choose one of the top timeshare companies.
Based on consumer complaints submitted to the Better Business Bureau, as well as the company’s stability in terms of clientele and financial information, we have meticulously compiled a list of the top ten worst timeshare companies.
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10 Worst Timeshare Companies
Here are the top ten worst timeshare companies in operation currently. Find out why so many people report unpleasant experiences to understand why they are a bad bet when investing in a timeshare vacation spot.
1. Vida Vacations
Vida Vacations is a member-only timeshare that provides the greatest spots for leisure, innovative entertainment, and specialist travel services.
Do not jump to a transaction with their salespeople without first researching the associated customer experience, even if you do meet them.
You are on the verge of making one of the worst financial choices if you don’t. Consumers have expressed dissatisfaction over the fact that written contracts do not reflect what they promised during their presentation.
It has been said that their salespeople are con artists who would say anything to convince you to buy from them. Before committing to anything, customers are urged to come in person.
In order to use them in subsequent marketing sessions, the salespeople secretly videotape prospective customers.
This list shows the company with the highest chance of improvement. It has even been sued the least but still made the 10 worst timeshare companies list.
2. Shell Vacation Club
In North America, Shell Vacation Club offers over 24 popular destinations. It’s likely that they won’t inform you that you may end your contract with them at any moment and still receive your money back when you sign it.
It might be expensive to own a rental due to their high yearly renewal price. Its terms are intended to guarantee that your descendants will still be financially responsible for your timeshare even if you pass it on to them.
They are slow to reply when consumers seek to reach them. They have a poor internal complaint handling mechanism. Issues are resolved preferentially, primarily based on investment level.
Several customers have also complained that even after making the necessary payments, they must wait too long before getting their membership approval.
3. Timeshare Owners Relief LLC
The business was founded in 1946 by Werner and Billy Butlin. They began by enlarging their vacation camp to accommodate more guests. After observing the potential for success, they made the decision to pursue the company concept.
At first, the business provided excellent services, including self-catering and lodging in opulent locations. Up until the 1980s, when it began building additional homes, everything was good.
It began using unlawful aggressive selling techniques in an attempt to attract more clients. It began providing clients with inaccurate information, which is already the norm.
You may obtain the list of the 10 worst timeshare companies by searching for the most reliable sources.
Customer comments about the company are highly damaging. The company has been sued on two grounds: breach of contract and giving false information to clients.
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4. Marriott Vacations Worldwide
The Better Business Bureau reports that Marriott Vacations Worldwide has a poor overall customer satisfaction rating and a high frequency of complaints.
They have a track record of entangling clients in timeshare agreements with little to no exit options. Although they say they provide an exit option, the majority of customers say they don’t.
They also use high-pressure sales techniques meant to push attendance of timeshare meetings. In addition, the actual timeshares are rather costly, and the maintenance costs are extremely exorbitant.
Numerous owners have expressed dissatisfaction with their points system’s rigidity, the restricted availability at preferred places, and the steadily rising maintenance costs that were not made explicit throughout the sales process.
5. Timeshare Users Group
Timeshare Users Group, also known as TUG2.net/TUG2.com, is a business that poses as a customer service platform for inquiries on timeshare opportunities.
They offer a platform where users may ask questions and receive responses from purported experts.
The annual membership fee is $15. Don’t be duped. Nevertheless, this business collaborates with Marriott, the corporation that controls Interval International. This implies that they would probably advise you to purchase their goods or services.
Regretfully, this business is listed for unethical behavior. Additionally, the TUG firm provides options for selling a timeshare or purchasing one from resellers for as little as $1.
Many customer complaints are posted, and they receive low marks for customer experience on websites across the internet.
6. Bluegreen Corporation
The headquarter of the Bluegreen Corporation is located in Boca Raton, Florida. At the moment, the corporation employs over 4,500 people and operates more than 60 timeshare properties.
By placing its booths and advertising in prominent locations where customers can readily see them, it targets the typical American.
Before things improve, it tempts you with the most amazing weekend delicacies. The business has received a lot of complaints from customers.
This is one of the 10 worst timeshare companies, if consumer complaints are any indication. Customers have first accused it of imposing fixed rates and preventing price negotiations.
In addition, the company also uses high-pressure selling tactics to win customers in its schemes. Bluegreen Corporation is so cunning that it does not indicate future cost changes in the introductory part.
7. Holiday Inn Club Vacations
If a thorough examination of customer feedback is any indication, the business has been charged with operating unethically. It is said that most of its workers lack adequate background checks.
According to one user, the corporation has accomplished all the wrong things in the business world; it makes a great first impression before altering its strategy later on.
Timeshare owners have accused it of having an extremely open hiring procedure that hires people on the fly.
Additionally, Holiday Inn Club has been charged with providing inaccurate training materials and neglecting to promptly inform its customers of any modifications.
8. Westgate Resorts
In 1982, David A. Singel founded Westgate Resorts. By 2021, it has over 29 destinations spread throughout many American cities.
The business is among the 10 worst timeshare companies and has been accused of mistreating both its staff and timeshare owners.
It has also consistently been at odds with the federal government. It is the timeshare firm with the most lawsuits.
In 2015, the Supreme Court confirmed a lower court’s ruling that the corporation was fined $500 000 for utilizing pressure sales practices to persuade clients.
The lawsuit exposed the company’s lack of adherence to compliance concerns, which revealed something about its character.
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9. Diamond Resorts
One of the 10 worst timeshare companies is Diamond Resorts, which is based in Las Vegas, Nevada.
Additionally, it maintains regional offices in the UK, Lancaster, Florida, and Orlando. It serves an estimated 370 locations across more than 30 countries.
Though it has hosted a number of celebrities, including Reggie Jackson, Brian Gay, and Brittany Lincicome, the business has significant problems with its client interactions.
The business has been beset by accusations of dishonest sales tactics, false advertising, and opaque contracts.
Diamond Resorts’ bad image has been exacerbated by the company’s pushy sales methods and the challenges owners encounter when trying to terminate or cancel their contracts.
10. Wyndham Vacation Resorts
According to Top Class Actions, this company has been accused of offering incorrect information about perks besides putting them to highly aggressive marketing efforts to get them to purchase meaningless points.
Customers have been accusing the corporation of scamming them both during and after the purchase contracts were signed for a long time. They ranked on the list of the 10 worst timeshare companies because of this.
Previous clients claim that the business uses pushy sales techniques to force prospective consumers to make snap decisions without fully explaining the long-term financial ramifications.
Wyndham’s history of legal disputes and unwillingness to resolve consumer complaints have left a path of irate and disillusioned owners in their wake.
Why People Buy Timeshares
Timeshares have evolved over the years, and the reasons people invest in them have diversified. Here are some reasons why people buy them:
- With timeshares, you may choose where and when to take your vacation. By doing this, owners are assured a vacation place each year.
- A lifetime of hotel stays may be more expensive than the average cost of a timeshare. In 2022, for example, the average cost was $23,940, which may be less than the total cost of hotels across a number of decades.
- Compared to regular hotel rooms, timeshare properties sometimes provide bigger accommodations. Usually, they have large living spaces, fully functional kitchens, private bedrooms, and other conveniences.
- Owners can go to other places across the world by exchanging their weeks or points on vacation exchange websites.
- Owners can receive discounts, complimentary stays, and other benefits through loyalty programs offered by several timeshare firms.
- Some timeshares can be passed down to future generations, ensuring family vacations for years to come.
- While timeshares may not appreciate like traditional real estate, there’s a market for reselling them, often at a fraction of the original cost.
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How to Avoid Timeshare Traps
Here is how to avoid some timeshare traps made by these 10 worst timeshare companies
- Examine the business, study reviews, and comprehend the conditions of the contract before making a purchase.
- A red flag is when you’re being forced to make a choice quickly or when a bargain seems too good to be true.
- Be aware that reselling timeshares can be difficult and that they usually do not increase in value.
- For services like selling your timeshare, certain businesses may require upfront payments. Make sure the business is trustworthy and that you understand what you’re paying for.
- Learn how to cancel your timeshare contract if necessary before making a purchase. Some businesses provide exit strategies or buy-back plans.
- It might be helpful to speak with real estate or legal experts who are knowledgeable with timeshares if you are thinking about purchasing one.
FAQs
How can I determine the best timeshare company for my needs?
Research reviews, consider the locations and properties offered, understand the fee structure, and assess the flexibility of the timeshare system.
Can I resell my timeshare?
Yes, but reselling can be challenging. The resale value is often much lower than the original purchase price.
Are there any hidden fees associated with timeshares?
Some companies might have maintenance fees, membership fees, or other costs not included in the initial purchase price.
How has the timeshare industry evolved in 2023?
The industry has seen changes in terms of digital integration, flexible booking options, and increased focus on customer experience.
What are the alternatives to traditional timeshares?
Alternatives include vacation club memberships, fractional ownership, and vacation home rentals.
Can I exchange my timeshare week for a different location or time?
Many companies offer exchange programs, allowing owners to swap their weeks with other properties or dates.
Conclusion
The 10 worst timeshare companies have left a legacy of financial disaster and unfulfilled promises. To empower timeshare owners and save future victims from falling into the same trap by exposing their dishonest business methods and providing a genuine remedy.
Do not hesitate to get in touch with someone if you or someone you know has fallen victim to one of these firms. Take the first step toward timeshare freedom right now and get back the life you deserve.
