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Timeshare without the drawbacks.  Can this be real?
Timeshare without the drawbacks. Can this be real?

Press release -

Has timeshare finally got it right?

The most common complaints received by Timeshare Advice Centre are about high pressure sales, spiraling maintenance fees, ineffective holiday systems and being trapped in inescapable contracts. Has Florida based timeshare company MyMVP Club finally got things right?

Besieged industry

"Timeshare owners seem happiest on two specific days," says Suzanne Stojanovic, spokesperson for Timeshare Advice Centre. "The day they sign up, and the day they get out of their ownership."

A quick scroll through online review pages for the world's biggest timeshare companies, such as Marriott Vacation Club and Wyndham Worldwide show a vast majority of shockingly bad reviews. Overwhelmingly both Marriott and Wyndham owners give the giant timeshare providers one star out of a potential five.

Marriott Vacation Club: Poor reviews

The themes are consistent. People feel they were pressured into buying something that they don't really want, including more sales approaches every time they visit their timeshare. They are unhappy with how much their annual fees increase. They are disappointed in how the product performs (in terms of being able to book where and when they were promised.)

A potential solution?

Timeshare contracts, especially in the USA, tie people into remaining timeshare members 'in perpetuity', whether they are happy or not. This effectively means that the businesses have a captive membership base, who are legally obliged to pay whatever fee increases are issued. It also means that there is no market-forces style pressure on timeshare companies to perform well. Their customers can't 'vote with their feet' and take their business elsewhere.

A company in Florida may be about to disrupt the timeshare industry with their novel, simple and many would say long overdue ideas.

MYMVP Club: Breaking down barriers?

MyMVP Club have done away with the forever/in perpetuity contracts in favour of three year increment memberships. There is no cost to relinquish membership. Exit is achieved simply by not renewing.

MVP club CEO Joseph Takacs Jr says: "MyMVP Club is designed so you know what to expect. After spending the last 15 years talking with owners as we helped them through reexamining their timeshare options, we designed a Club based on what they told us they want, like and need."

Expert comment

"This certainly sounds like a welcome innovation," says Andrew Cooper, CEO of European Consumer Claims. "It puts the onus back onto the timeshare company to work to retain their customers. They are motivated to keep annual fee demands competitive, to make sure that their holiday system works, and to minimise intrusive pressure sales during members' holidays.


Andrew Cooper: Timeshare expert and philanthropist


"If they don't get it right, their customers can leave after three years," adds Cooper. "Regular timeshare companies have no such incentive to impress. In general timeshare companies actually prefer their members to have complaints. It allows their In-House sales team an opportunity to try and 'fix' the issue by pushing yet another expensive membership upgrade."

"It is too early to definitively state that MVP Club have got this right, but we will be watching with interest."

How do I escape my 'forever' timeshare?

If you have a regular, long term timeshare ownership, the first thing you need to do before trying other holiday methods is get free from your current contract. Timeshare companies don't make it easy, because they need your annual fees whether you still want to be a member or not.

Escape is possible with expert help. Under certain conditions mis-sold members can even be due sizable amounts of compensation from their timeshare company, although this is ascertained on a case by case basis.

To discuss your options, get in touch with our team for a free, confidential consultation.

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TAC provides timeshare claims services, relinquishments expert advice and help

E: (for media enquiries): mark.jobling@ecc-eu.com

T: (for media enquiries): +44 2039962044

E: (for client enquiries) EUROPE: info@timeshareadvicecentre.co.uk USA: info@timeshareadvicecentre.us

T: EUROPE: +44 800 102 6070/+44 203 807 3388. USA: 1-888 203 5448/ 1-332 867 1213

Monday to Friday: UK timings: 9am-8pm. Saturday/Sunday closed. USA 9am -8pm EST. Sunday closed

Follow Timeshare Advice Centre UK on Facebook here. Timeshare Advice Centre US here

Follow Timeshare Advice Centre UK on Twitter here. Timeshare Advice Centre US here

Relevant websites for this article

www.timeshareadvicecentre.co.uk

www.timeshareadvicecentre.us

www.timeshare.lawyer

www.ecc-eu.com

www.americanconsumerclaims.com

Contacts

Mark Jobling

Press contact Communications Director Communication +442039962044 European Consumer Claims

Related content

European Consumer Claims (ECC) are the UK & Europe’s leading timeshare release & claims specialists

ECC have helped thousands of timeshare owners from across the UK to release themselves from unwanted timeshares all over the world, and to recover money where possible.

We have expert timeshare release & claims consultants operating from a growing network of offices throughout the UK along with our Head Office located in Mijas Costa, Spain.

Our mission is to help timeshare owners who wish to rid themselves of unwanted timeshare (and the associated long-term fee commitments) and to recover monies wherever possible.

European Consumer Claims (ECC)

The Old Boathouse, 26 Thameside,
Henley-on-Thames, Oxfordshire, RG9 2LJ,
UK