After being cold called from so many different firms over the years.. countless times trying to sucker me in for numerous different reasons, I have decided to do the public a service and make my own blog. I will dissect all these companies 1 by 1 in the event to eventually let the world know who are scammers and who are legitimate companies actually here to help us…

Posts tagged ‘Timeshare Scams’

Common identifiers of Timeshare Scams

Unsolicited contact – If a company contacts you claiming to be able to help but you don’t remember ever giving them your contact information, it is probably in your best interest to say thanks, but no thanks.

High-pressure tactics – If a company continues to contact you or pressure you to commit to their services after you have said no or asked for some time to do some research, it is time to move on.

Vague details – Don’t be afraid to ask questions. Whether or not a company contacts you unsolicited, be sure to press them for information regarding the terms of the contract, who the sell timeshare to, how they accomplish this, and how long it takes them on average. If they won’t cough up the info you want, move along, because reputable companies will have no problem giving you any reasonable information you request.

Exaggerated claims – If the company makes claims or promises that seem too good to be true, it is because they probably are. Statements about a “hot” market, pre-qualified buyers, or surprisingly fast sales times should be taken cautiously.

Upfront fees – One of the most common signs you may be dealing with timeshare resale scams is if they want you to pay upfront. Reputable companies do not ask for money up front. If a company wants several hundred, or even thousands, of pounds before they even do work for you, PASS.

Avoiding Timeshare Scams

When trying to sell your timeshare it can be a confusing time. There are several options to choose from, but many of them can take a long time and be extremely frustrating. Add to this the fact that timeshare resale scams are some of the most common business frauds as reported by the Better Business Bureau, and getting rid of your timeshare can seem nearly impossible. So what is the best way to avoid timeshare scams and successfully sell your timeshare in a timely and affordable manner.

The easiest and most effective way to avoid these scams is to arm yourself with knowledge and follow these simple steps:

Step 1: Research Your Options

You generally have four options – giving it away, giving it back to your developer, donating to a charity, or selling. Most people choose to sell, since other options are often extremely complicated and difficult. If you choose to sell, you can do this on your own or with the help of a timeshare resale company. Many choose to bring in the professionals, which presents its own list of challenges in the form of timeshare resale scams.

Step 2: Ask the Tough Questions

If you do decide to use a timeshare resale company, be sure to ask the company plenty of questions. How long does it usually take to sell a timeshare? Who do they sell to? What is their sales process? How many other timeshare owners have they helped? What happens if they can’t sell your timeshare? Asking these and other relevant questions will allow you to get a feel for the company and feel out whether or not they are a timeshare scam.

Step 3: Be Assertive

Many of these companies use high pressure tactics to get customers to agree to commit to their services. No matter how much they hassle you, it is important to stand your ground until your are absolutely positive this is the company you want to work with. If they begin to harass you, it is probably time to tell them that you won’t be working with them and move on.

Step 4: Get It In Writing

Whatever they tell you, make sure you get their answers as well as the terms of their agreement in writing before you make any commitment. Read it over and address any concerns you have before you sign anything. This will allow you to cover yourself in the event that they turn out to be a timeshare resale scam.

Step 5: Never Pay Upfront Fees

Charging upfront fees is how these timeshare scams make money. They require their customers to pay them upfront, and these fees can range from a few hundred pounds to several thousand. When they are unable to sell your timeshare they often are able to keep the money through contractual loopholes or by outright stealing the money and disappearing. They will make it seem like these fees are a normal part of the industry, but this is not true. There are timeshare resale companies that do not charge upfront fees and guarantee your satisfaction before you pay them anything. Upfront fees are now illegal in the United Kingdom.

By following these simple steps and relying on trusted resources you can protect yourself from timeshare resale scams and successfully get rid of your timeshare once and for all!

For more info please email us or place a comment on our blog: yourtimeshare@hush.com

How to Identify Timeshare Scams

One of the main deterrents that people list for not wanting to use a timeshare resale company to get rid of their timeshares is the threat of falling victim to timeshare resale scams. As one of the most common business frauds, these scams take millions of pounds from unsuspecting owners each year. To avoid these frauds, it is important to know how to avoid timeshare scams to not only save yourself some money, but a lot of time and hassle as well.

Common signs you may be dealing with timeshare scams include:

Exaggerated Claims

To lure customers into their scheme, many of these fraudulent companies will make exaggerated claims to get people excited. They often claim that the timeshare resale market is extremely active, lots of people are buying timeshares, that they have interested buyers already waiting to purchase your timeshare, and that they can do so very quickly. If it sounds too good to be true, it probably is.

Little to No History

Since the goal of these companies is to get as much money out of people as quickly as possible, they usually don’t stick around for very long. If a company you are speaking to is very new yet is claiming to be extremely successful, you should think twice about working with them.

Outstanding Complaints

Not all timeshare resale scams take customer’s money and run. Some are around for a long time, but still manage to con money out of people. If a company has received a lot of complaints or if they have any outstanding complaints from people who feel like they got duped, it is wise to look for help somewhere else.

Vague Details

It is important to ask a lot of questions when you are considering working with a timeshare resale company. Reputable businesses will have no problem answering any questions you have or provide you with any information you need to make a confident decision to work with them. Be suspicious of a scam if they are vague on the details of their company, want you to commit to them quickly, and are unwilling to provide you information upfront.

Upfront Fees

Charging outrageous fees before they provide any real service is how timeshare scams make their money. By claiming they are administrative fees, listing fees, and assessments fees, these scams are able to talk people out of thousands of pounds of their money.

Don’t become another statistic. Do your homework and learn what to look out for when choosing a timeshare resale company. Trusted resources can help you find out what the best approach to take is and help you find a company that will meet your personal requirements and help you sell your timeshare quickly and safely without the threat of timeshare resale scams.

If in doubt email us: yourtimeshare@hush.com

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