Summertime Setbacks | Getting help with timeshare costs during tough times
For some people, owning a timeshare vacation property is an easy way to secure a vacation spot each year. But yet, for many other timeshare owners, 85% according to the IRS, the associated costs of owning a timeshare can become a financial hardship rather than a vacation haven. If you are among those seeking relief, we have five options you may want to consider.
Four Options for Financial Relief from Your Timeshare in 2025
Explore Hardship Programs or Payment Plans
There are a select few timeshare companies that offer programs or payment plans for owners facing financial difficulties. As soon as you sense a hardship on the horizon, reach out to your timeshare developer for opportunities. They may be able to assist in providing brief relief or restructuring your costs or payments to make them more manageable. Many options may take time and may not be available if you are already behind on your financial obligations.
Rent Out Your Timeshare Vacation
Some owners find relief in renting out their timeshare to family or friends who may be planning their next vacation. This option could offer a solution to help cover your annual maintenance fees or provide sufficient income to offset costs without compromising ownership. Renting out your timeshare on a long-term basis can be rather tricky; listing your timeshare on vacation rental sites could be a violation of your ownership agreement because many timeshare companies already list vacant properties on sites like Trivago, Airbnb, or Expedia. Additionally, you are still liable for any damages a guest may incur while vacationing on your behalf, so be cautious before sharing your timeshare.
Negotiate with Your Timeshare Company
You can attempt honest communication with your timeshare developer. Speak with them about your financial situation and see what they can offer (i.e., discounts, fee waivers, reduction in maintenance fees). Some companies may be willing to negotiate to retain you as a customer, and others may offer assistance with timeshare costs in alternative ways.
Seek State Assistance Programs
Direct financial assistance programs are rare, but if available, general financial relief resources might be helpful. Look into your state and local agencies for assistance programs that offer temporary financial relief to help you manage your timeshare expenses.
Timeshare Cancellation Support
If managing timeshare costs becomes too challenging, working with a timeshare cancellation specialist can provide personalized guidance. At Timeshare Legal, we offer a way out. We have helped thousands of clients cancel millions of dollars in timeshare debt. We understand the financial burden that timeshare companies leave their owners to carry; Timeshare Legal offers no-money-upfront options for qualified candidates. With over 150 5-star reviews, there’s a reason we’re the leading timeshare cancellation company.
