With the summer vacation season drawing closer it is important to watch out for false advertisements so you don’t end up losing your vacation savings. The U.S. Federal Trade Commission averages 15,000 consumer complaints each year that related to timeshare or vacation rental frauds. It is important to at least know the basics regarding these unscrupulous scammer plots so you can avoid becoming a victim this summer.
The major problem lately is often related to timeshare properties. In these high pressure sales pitches you are nearly forced into purchasing a timeshare, sometimes when you don’t even want to. Those who have the income and means to technically afford a timeshare are roped in with free gifts, dinner or show accommodations and sometimes even just straight cash. They offer you these “free” gifts in return for your promise to hear them out and learn about timeshares. Often these sales professionals will even lie to you and explain that a timeshare can easily be rented out to cover the costs of ownership. This just is not true, with so many timeshares out on the market today the fact is that you can rent a timeshare out from the resorts or timeshare companies for much cheaper than it costs to own one.
Most people are just not ready to attend a timeshare presentation sales pitch and still walk away with the free gift. These timeshare salespeople are dead set on making you buy a timeshare and will simply not take no for an answer.
As if the “legitimate” timeshare sellers weren’t bad enough there are also illegal scammers who will flat out lie to get a meager upfront fee leaving you with even less money. These misleading people will advertise vacation rentals or timeshares that don’t exist or that they don’t own and charge an upfront fee for their service, once you pay this fee you never hear from them again. They will also prey on current timeshare owners who just want to get rid of their timeshare. They will promise that they have a guaranteed buyer waiting and once you pay them an upfront fee for their service they will disappear leaving you with that unwanted timeshare and being the victim of yet another scam.
Check out the Better Business Bureau report on any company that you do business with. Also, make sure that the company has been in business for a long period of time. Fraudulent companies cannot survive for very long.
Filed under: Timeshare Relief | Tagged: buying a timeshare, consumer complaints, consumer information, Federal Trade Commission, free gifts, Get Rid of Timeshare, timeshare fraud, timeshare presentations, timeshare scam, timeshares for sale, vacation scams | Leave a comment »