Consumers: Beware The Time Share! Part Two.

01 Sep Consumers: Beware The Time Share! Part Two.

In Part One I started to tell you about my experience with a Time Share sales presentation, the sales tactics and the high “guaranteed” interest rates.

In this part I will tell you about the extra (hidden) costs of the time share.

First, this particular company owns over 150 time share facilities, but through a time share industry group, you can use over 4500 time shares throughout the world. But there is a cost: approximately $150.00 more for U.S. time shares and approximately $200.00 more for overseas time shares. Now, this particular presentation was up front about this additional cost.

But, what was never mentioned was a maintenance fee that was added to the monthly payment of $360.00 per month.

Neither the sales person doing the presentation nor the sales person trying to close the sale ever talked about the maintenance fee, or for that matter, pointed out the fee on the written contract. But hidden in plain view on the right side of the contract, away from all of the other numbers for closing costs, down payments, etc. is a little box with a number.

This was the maintenance fee.

How much was the maintenance fee? $50.00 per month, bringing the grand total for my week long dream vacation to almost $410.00 dollars per month or $4,290.00 per year.

So what happens if you don’t jump at this once in a lifetime offer?

I tell you in Part Three.

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I've been a consumer bankruptcy lawyer for nearly 25 years. Since that time I have helped many people resolve their financial problems. I have been practicing law since 1986 and I am licensed to practice in all state and federal courts in the State of Louisiana. Because I am a sole practitioner, you know that your debt matters are being handled by me personally. In addition to my work with consumers, I am also frequently asked to speak at local seminars on bankruptcy law. I am member of the following organizations: • Louisiana Bar Association • National Association of Consumer Bankruptcy Attorneys • Bankruptcy Law Network My office is located at: 3920 General DeGaulle Drive, New Orleans, LA 70114 Telephone: (504) 368-4101

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