Are you tired of living with timeshare debt?

SPRINGFIELD, Mo. - June 18, 2020 - PRLog -- The burden of timeshare debt often begins at the time of purchase with the "easy, on-the-spot" financing. That simple to qualify for financing usually comes at an incredibly high interest rate of 13% to over 20%.  This  causes many owners to pay almost twice as much as the original purchase price when interest is added to the loan.

Timeshare companies can charge these high interest rates because it's nearly impossible to get financing from  any other entity for the purchase of timeshare. Banks and financial institutions stay away from timeshares because timeshares depreciate  nearly 100% as soon as they are purchased.

Ever increasing maintenance fees can be  a surprising burden that hits timeshare owners in the budget. Timeshare companies often neglect to mention that timeshare maintenance fees will increase, typically every year. While sometimes the increase is  negligible, the average owner has seen maintenance fees rise an average  of over 8% per year. Since a timeshare ownership is a lifetime commitment, these increases rack up and actually represent a long term debt with no end in sight. Unless your income increases, your timeshare debt will become an even greater portion of your family's budget.

Sometimes, timeshare owners are under the impression that their timeshare debt is not as big a deal as other debt from purchases such as a house or car. But as many owners find out to their surprise, getting behind on timeshare payments can be just as damaging as neglecting to make payments on your car or house.

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