Is there no way to get out of time­share bondage?

The Star Early Edition - - NEWS - R Ru­dolph

I WOULD like to get more clar­ity and guid­ance on the can­cel­la­tion of time­share.

I joined Qual­ity Va­ca­tion Club (QVC) in 2005 or 2006, can’t re­mem­ber the ex­act date.

The con­tract is for 50 va­ca­tion points per year that can be booked at var­i­ous hol­i­day re­sorts.

We have for­feited many points be­cause for the past seven years, we have been liv­ing with my in-laws be­cause their health de­te­ri­o­rated to the point where we could not leave them home alone (or take them with us on hol­i­day).

I have writ­ten many let­ters to QVC to try to can­cel the con­tract.

Ini­tially, there were two amounts on credit:

The ini­tial pur­chase amount (about R90 000), of which we paid R840 a month.

The yearly levy (ini­tially R350 a month).

The ini­tial pur­chase amount is fully paid up, but I still have to pay the yearly levy fees – this has gone up to R800 a month and is in­creas­ing ev­ery year.

Ac­cord­ing to QVC, the con­tract will only be can­celled when I die, the com­pany goes in­sol­vent or I go in­sol­vent.

This means that I have to get my­self un­der credit re­view so I can sub­mit a re­quest for the con­tract to be can­celled.

We don’t use these points. The last time I went on hol­i­day us­ing these points was in 2014. Is there no way to get out of this bondage?

Ge­orgie: The Na­tional Con­sumer Com­mis­sion’s pub­lic in­quiry into the in­dus­try is un­der way. The com­mis­sion’s web­site was sup­posed to be up­dated last week with de­tails of the var­i­ous dates and venues but is still not.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.