Another sucker, I signed up to a 72 year timeshare contract and now only realize how financially trapped I am
Posting as right now I'm feeling very stupid for a decision I made in the past. I'll try to keep this quick but my partner and I signed up to a timeshare contract that promised cheap family holidays back in 2014. Now a little older, and $20,000 poorer, I realize that I signed up to a 72 year contract that will be passed onto my kids once I'm gone.
I've spoke to the company and there is no cancellation option, the only exit option offered to me so far is a 'resale of account' to another party in which you need to list on a website for $20.00 a month in the hope someone will buy it, which is seeming unlikely.
This is a PSA to anyone who is thinking about these services/products, PLEASE for the love of god consider that you will be paying fees for a very long time and getting very poor value for money.
Booking.com and other similar websites provide similar level of service and won't trap you and your kids.