Frequently Asked Questions

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Finding the Right Experienced Consultant

An experienced consultant can guide you through the difficult and downright tedious task of expediting the divestment process. This  process will protect you from future contracts, confusion and financial  obligation. An experienced consultant can make sure that you are not being ignored or set aside during the process. They can assist you through the process of finding a better solution to the issues caused by  the contract that may have become burdensome to you and your family.  

How Can Timeshare Issues be Resolved?

An  experienced consultant will need to review the purchase agreement/contract to determine how the divestment process will work.  The contract may contain terms and conditions describing what will  happen if the buyer defaults on regular contract payments, or if the property is unexpectedly destroyed or foreclosed upon. There will be a review of any clauses that state any possibility of transfer to family upon death.  

What is Timeshare Divestment?

What are Timeshare Issues?
Timeshare issues can involve a combination of real estate, contract, and  business laws. Some common timeshare issues may include:

• Default on timeshare payments (i.e., non-payment)
• Failure of the property (such as an unexpected timeshare foreclosure)
• Timeshare cancellation or rescission
• Transferring rights, giving a timeshare away and inheritance of the timeshare property.
• Overlap of state laws (timeshares are frequently located in a different state than the purchaser’s home residence)
• Death of an owner/co-owner

In  most cases, a timeshare agreement is final once the contract is signed.  On the other hand, some timeshare companies may provide a short "return  window," referred to as a rescission period. This period of time allows  the buyer of the timeshare, the ability to have the contract be  cancelled or revoked. This, of course, depends on the individual agreement between the Resort owner and the buyer. 

What is Bad Credit? 

Bad credit is a record of negative credit history. It's typically characterized by negative listings on credit reports and low credit  scored.

What causes Bad Credit?

Negative listings in credit reports cause bad credit. These include late payments, collections, charge-offs, foreclosures, liens, judgments, and bankruptcies. Identity theft can also cause bad credit when thieves open new credit accounts in your name or make charges to existing accounts. . 

 How does bad credit affect you?

Bad credit can result in:

• New credit being difficult, if not impossible, to be approved for.
• Higher interest rates and deposits if you are approved for credit.
• Higher deposits on car rentals.
• Higher auto insurance premiums.
• Difficulty qualifying for a house or apartment rental.
• Difficulty qualifying for a job for a which a credit check is required.

When does bad credit go away?

There are a few circumstances in which bad credit goes away:
1) Negative listings naturally fall off your credit reports – most after 7 years, bankruptcies after 10 years

2) Negative listings may be removed after disputing errors on your credit reports.

3) Collections may be removed via debt validation or the pay for delete method 

 Who can help with credit repair?

A  credit repair company is the best way to repair your credit. Our  company can help you to repair your credit.

What are credit repair companies?

Credit  repair companies get paid to help consumers clean up their credit. What  they can and cannot do is determined by the Credit Repair Organizations  Act. While there are legitimate credit repair companies that follow  these rules, there are many violators, which is why it is so important  for you to watch out for red flags.  Our company eliminates the concern  for red flags by guiding you to highly recommended repair companies.