• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 31 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 31st Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $23,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $23 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

jenfc

newbie
Joined
Aug 19, 2019
Messages
1
Reaction score
0
Resorts Owned
HGV Enclave Myrtle Beach SC
in July of 2019 we purchased a timeshare at the Enclave in Myrtle Beach. Since that time we’ve had a HUGE regret because it was a bad financial decision for us. We’ve had some financial issues arise since we got home from that trip and now we are worried. Of course we were not told we had a 10 day window to get out. Apparently that’s in the contract but we didn’t see it. We have reached out to TimeShare Exit team, endorsed by Dave Ramsey, but after reading lots of reviews on them we think it’s a bad move. We’ve also looked in to Wesley Financial Group but their reviews are bad as well. Does anyone know what our options are? We’ve not made the first payment toward the mortgage. Is there a chance HGVC would let us out of this contract?
 

RX8

Timeshare Scam Investigator
TUG Member
Joined
May 5, 2011
Messages
4,334
Reaction score
4,824
Resorts Owned
HGVC and DVC
It would be a long shot but you could submit a rescission letter with details of your hardship.

As you recognize, paying someone thousands of dollars for a chance to get you out of your contract is not a wise thing to do. Besides, if you had thousands of dollars you could instead put that towards your future maintenance fees and then enjoy your vacations.

Wish you luck
 

Gypsy65

TUG Member
Joined
May 11, 2019
Messages
821
Reaction score
785
Resorts Owned
HIVC
Although Dave Ramsay does occasionally have good advice he is not as great as many believe
Dave Ramsay is looking out for himself and his own bottom line and the exit company he endorses is just a paycheck

You will find there’s no such thing as an exit company
Since you have not used your TS and no payment made you might have a shot begging and pleading with the seller to make a concession
 

Azdro716

TUG Member
Joined
Dec 2, 2017
Messages
28
Reaction score
11
in July of 2019 we purchased a timeshare at the Enclave in Myrtle Beach. Since that time we’ve had a HUGE regret because it was a bad financial decision for us. We’ve had some financial issues arise since we got home from that trip and now we are worried. Of course we were not told we had a 10 day window to get out. Apparently that’s in the contract but we didn’t see it. We have reached out to TimeShare Exit team, endorsed by Dave Ramsey, but after reading lots of reviews on them we think it’s a bad move. We’ve also looked in to Wesley Financial Group but their reviews are bad as well. Does anyone know what our options are? We’ve not made the first payment toward the mortgage. Is there a chance HGVC would let us out of this contract?

How bad is it....meaning what was purchase price? How many points did you acquire? Annually?
 

JIMinNC

TUG Review Crew: Expert
TUG Member
Joined
Jun 6, 2005
Messages
4,933
Reaction score
4,522
Location
Marvin, NC (Charlotte) & Hilton Head Island, SC
Resorts Owned
Marriott:
Maui Ocean Club
Waiohai Beach Club
Barony Beach Club
Abound ClubPoints
HGVC:
HGVC at Sea World
Although Dave Ramsay does occasionally have good advice he is not as great as many believe
Dave Ramsay is looking out for himself and his own bottom line and the exit company he endorses is just a paycheck

You will find there’s no such thing as an exit company
Since you have not used your TS and no payment made you might have a shot begging and pleading with the seller to make a concession

Agree with both of these sentiments. Avoid exit companies and don't take financial advice from celebrity finance "experts" who get paid by selling books, infomercials, etc. Find a good local financial planner with a CFP designation who can evaluate your own finances and customize solutions for you.
 

Passepartout

TUG Review Crew: Veteran
TUG Member
Joined
Feb 10, 2007
Messages
28,904
Reaction score
17,957
Location
Twin Falls, Eye-Duh-Hoe
Sorry for your reversal of fortune. Unfortunately, that you didn't read that contract at the time you signed it is not HGVCs fault. They wait until after that rescission period to start the legal process of registering your purchase in the state where you signed. When that starts, they have substantial filing fees and processes to make the interval yours. This is difficult to stop once started. There might be a thin chance that your registration hasn't started but if course none of us has a way of knowing. I guess a late rescission letter is better than none, and would just cost you some postage.

You are right in discovering that 'exit' outfits are a sure way to cost you more money. They have no magic words or potions or amulets to make a valid contract disappear. Those timeshare contracts are designed by platoons of lawyers to be pretty much bulletproof.

Do Not be surprised to find that you are a timeshare owner. What to do? Stick around TUG. Learn to USE what you bought. Half of us did exactly what you did. We bought from the developer and didn't rescind. We survived it, and many ( most?) bought more to make it more usable. Most wouldn't give up timesharing if they could.

So, Welcome! Send a letter. But he realistic about the chances of rescission. Keep us informed.

Jim
 
Top