Maintenance fees
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Original Message:
Maintenance fees (by Robert R.):
debbyw25 wrote:I'm just getting into this timeshare arena. can you give me more info?
Once they sell you a timeshare, you are hooked. Timeshares generally have little, if any, resale value. Maintenance fees only go up. If your company is reputable, they go up in line with inflation. If Diamond Resorts International buys out your company, maintenance fees are likely to increase at a very steep rate, and they won't take it back.
It is very hard to get out of a timeshare contract. Beware the scammers who want an up front fee to get you out of it. If you default, your credit may be affected. Best bet is to sell it for whatever you can get if you can't handle the maintenance fees any more.