livinginjapan
newbie
Hello everyone,
I am coming to ask for help because my wife and I are very worried that we will not be able to pay our HGVC timeshare monthly payment. I have done some searching on the forum and have gotten some information, and seen some similar older posts, but would like to ask for any up to date or recent advice that we can get because we are really not sure what we should do...
I am a US citizen living and working in Japan with my wife who is Japanese. We got married last year and stayed in a Hilton hotel. Because most of our family was staying there, or maybe they just offer it to everyone I'm not sure, but we were offered to see a presentation in Las Vegas get some discounts, cheap hotel stay, etc.
Initially we had no intention of buying anything but after sitting through hours of very convincing sales tactics and negotiation we signed for 3750 point annually with 20,000 bonus point after 6 months of payments for roughly $22,000. The location is the HGVC at Trump International in Las Vegas. At the time they made it sound like a good deal and working out that it would only cost us roughly $350 a month, we thought we could afford it.
We thought we did pretty well, and got home to Japan several days later. I decided to do some research (which I know I should have done before hand, but we were prepared to say no to the traditional one week a year at one location, the club point system caught us off guard and was much more appealing). That is when I found out about TUG and resales and everything else.
Because it was after the rescind period and we were already back in Japan, we thought that we didn't really have a choice. So at this point we have paid the maintenance fee (of over $1000), the down payment, and the first monthly finance payment. We thought that we weren't the first to fall for slick sale speech and would just have to tough it out and try to use it as best we can... until my wife found out that she will be losing her job. Which now cuts our finances by a large chunk.
Is there anything we can do? Any advice is greatly appreciated.
I am coming to ask for help because my wife and I are very worried that we will not be able to pay our HGVC timeshare monthly payment. I have done some searching on the forum and have gotten some information, and seen some similar older posts, but would like to ask for any up to date or recent advice that we can get because we are really not sure what we should do...
I am a US citizen living and working in Japan with my wife who is Japanese. We got married last year and stayed in a Hilton hotel. Because most of our family was staying there, or maybe they just offer it to everyone I'm not sure, but we were offered to see a presentation in Las Vegas get some discounts, cheap hotel stay, etc.
Initially we had no intention of buying anything but after sitting through hours of very convincing sales tactics and negotiation we signed for 3750 point annually with 20,000 bonus point after 6 months of payments for roughly $22,000. The location is the HGVC at Trump International in Las Vegas. At the time they made it sound like a good deal and working out that it would only cost us roughly $350 a month, we thought we could afford it.
We thought we did pretty well, and got home to Japan several days later. I decided to do some research (which I know I should have done before hand, but we were prepared to say no to the traditional one week a year at one location, the club point system caught us off guard and was much more appealing). That is when I found out about TUG and resales and everything else.
Because it was after the rescind period and we were already back in Japan, we thought that we didn't really have a choice. So at this point we have paid the maintenance fee (of over $1000), the down payment, and the first monthly finance payment. We thought that we weren't the first to fall for slick sale speech and would just have to tough it out and try to use it as best we can... until my wife found out that she will be losing her job. Which now cuts our finances by a large chunk.
Is there anything we can do? Any advice is greatly appreciated.