Kiplinger

Timeshare Nightmares: Don't Let This Happen to You

If you've booked a trip to Las Vegas, a Florida vacation destination or the Mexican Riviera, the odds are that upon checking into your hotel, you'll be offered anything from free breakfast, lunch or dinner to Disney World tickets just for attending a "90-minute sales presentation."

If you agree, by sheer magic, 90 minutes will morph into half a day or an evening, and could -- doesn't have to, but could -- place a financial harness around your neck that will be difficult to remove if you sign their timeshare contract, for that's what they want you to buy, a vacation timeshare.

"Right after signing the contract -- or years later -- most will come to realize that buying the timeshare was the worst financial mistake of their lives," says Scott Morse, director of operations at Resort Release. The Rockford, Ill.-based company, rated A+ by the Better Business Bureau, is dedicated to helping owners "become free from the never-ending expense that timeshare ownership means."

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