If you're an active duty service member who purchased a timeshare and is struggling with the financial obligations, you may have a way out. The Military Lending Act (MLA) provides protections for service members against predatory lending practices, including those...
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Exiting Timeshares – What you need to know about the Military Lending Act (Part 2 of 2)
Many timeshares violate the terms of the MLA. For too long, timeshare companies have preyed on service members through shady marketing tactics. Timeshare companies purposefully target service members because they are likely to fulfill their financial obligations. Timeshare companies will lure servicemembers into “high-pressure,” hours-long sales pitches, coercing them to purchase fractional interests in vacation properties.
Exiting Timeshares — What you need to know about the Military Lending Act (Part 1 of 2)
You may be entitled to financial relief if a lender violated your rights under the Military Lending Act (MLA). The MLA offers safeguards against predatory lending practices. Credit agreements that do not comply with the MLA are void from inception and you should be able to recover money spent on illegitimate loans.