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 ‘Upfront Fee’

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.

Bouncing Back from a Timeshare Resale Scam

In the timeshare resale industry, there are few things that can be more damaging and devastating than timeshare resale scams. These are very real frauds that can cause very real and substantial problems for those who fall victim to their tactics. They are fast becoming one of the most common consumer scams in the country, and despite efforts from the Better Business Bureau and news groups to get the word out about these frauds thousands of people suffer their wrath each year. But what happens if you fall victim to one of these scams? How can you bounce back from them and still successfully get rid of your timeshare?

Despite their commonality, timeshare resale scams are a fairly new problem. As people start to reign in their spending, luxury items like vacations (and this timeshares) are often the first to go. However, getting rid of a timeshare can be a lengthy and complicated process. With so many people trying to sell their properties in order avoid paying costly fees on their property, scammers have stepped up to take advantage.

You may think it is the answer to your prayers – a company that will sell your property for you, and may even have buyers already interested! In a matter of days, maybe even hours, your timeshare can be a distant memory. All you have to do is pay upfront to cover administrative fees and sales costs, and some of it will be refunded once the property sells. Unfortunately, it is all a ruse. The property never sells and your money is gone, leaving you potentially out thousands of pounds and still in possession of your expensive timeshare. Now what?

In many cases, once you are hit with a timeshare resale scam you are at risk of getting scammed again. Recently, people who have were victim to scams have found themselves being contacted by companies offering recovery services to help them get their money back. Again, they just need some money up front. Unfortunately, these are often the same companies that scammed the money out of them in the first place and they find themselves facing the same situation a second time.

Many countries now are helping protect timeshare owners from these scams and those caught face tough prosecution, hefty fines, and restitution. A lot of times these criminals are caught, but the money may be gone and hope of ever getting it back is too. Because of this, the only real way to fight timeshare resale scams is to not fall for the schemes in the first place. Never pay upfront fees for any services and insist you do your own research first. By sticking to your guns and only working with companies you know are reputable you can successfully sell your timeshare quickly without falling victim to and having to deal with the fallout from timeshare resale scams.

Any question contact us: yourtimeshare@hush.com

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

Holiday Letting & Sales offering resale of your timeshare?

A new cold caller alert goes out for a company called Holiday letting & Sales. But there seems to be a slight mix up with names as they also present themselves as Direct Letting & Sales or Holiday Letting Direct.

That might be a result of the numerous name changes that the staff has undergone and they now don’t know who they should be saying they are.

For us it seems clear though, the above are one and the same as Holiday Rentals Direct!

The website from Holiday Letting & Sales Ltd is http://www.lettingsdirect.eu and was registered in December 2011.

But the website is not about Timeshare sales at all, it is a rental website for Holiday Accommodation.

Not sure how that adds up, but maybe the simple explanation is that Holiday Rentals Direct – HRD has such bad reputation on the web and numerous refund claims running, that the change of name had to be done without further delay.

The address of Holiday letting & Sales is a post box Apartado Correos No. 66, Torrox Sur 1, 29793,Torrox, Malaga, Spain. And the telephone number: 0034 952 547 124

No email Address.

There is one thing though that doesn’t change: The Upfront Fee Request!

The cold calling agent from Holiday Letting and Sales explains they want to buy the timeshare off the consumer as they have a client waiting, but in order to do this they need a security bond of £1500

Same story all over again, just a different twist in company name…

We are still waiting for a consumer to step forward about a successful sale with Holiday Rentals Direct, hundreds did step forward to say they paid money and the sale fell through and HRD did not refund..

Have you been called by Holiday Letting & Sales or Holiday Letting Direct from Spanish phone +34 952547124 ? Please let us know!

You can write to us at:
yourtimeshare@hush.com

or place a comment on the blog.

Bains Cohen from London?

This alert is a tricky one, as we have a company cold calling timeshare consumers under the name Bains Cohen, but there is also a genuine company with this name that has nothing to do with this!

Our cold caller Bains Cohen claims to be based in London and say they are going to take DWVC to court in Spain and ask the timeshare consumer to join this court case.

The timeshare consumer has to send all relevant paperwork and an upfront fee of £378

They also mention a firm in Spain on the Costa del Sol under the name of South Coast Management who eventually will be dealing with this case. But the fee requested is also to cover the costs of sending a representative over from Bains Cohen to the Mercantile Court in Spain to fight the case. If the case is won, Bains Cohen will keep a 10% of the money. (On the website it actually mentions 15%)

Bains-Cohen has their own website http://www.bains-cohen.com/ which is all focused on the fact they are a law firm specialist in Holiday Ownerships. This website was registered on the 3rd of April 2012

There is no UK Companies House registration number on the web, neither any other details which as stipulated by law for a website.

Their office address is Suite 1097, Kemp House, 152 – 160 City Road, London, ECIV 2NX and contact details: info@bains-cohen.com, Telephone 0203 627 4664, Fax 0203 627 4767 and a telephone number that actually appears on the screen when they call 01409 174 919

Please note that the real law firm Bains Cohen has a website http://www.bainscohen.com and is also based in London. So obviously the “fake” ones are trying to confuse the consumer and make them believe they are dealing with a genuine law firm.

Please do NOT let them fool you!

We have been informed that the real Bains Cohen are made aware by worried consumers that someone is using them as a front for their activities and will be working to defend themselves and catch the others.

Have you been called by Bains-Cohen for a court case against DWVC in Spain? Please let us know!

You can place a comment on the blog or send us a direct email to:
yourtimeshare@hush.com

Universal Travel Market or UTM

A new company has been brought to our attention, Universal Travel Market or UTM as they state on their website.

This website http://www.universaltravelmarket.com was registered on the 5th of March 2012, so “hot from the press” but with a large listing of timeshare memberships for sale.

Surprisingly this listing is mainly DWVC and Club Class membership packages, are they really selling these on?

Universal Travel market cold calls consumers with the usual pitch on how successful they are in selling and they certainly have a buyer waiting already.

No mention though of where they obtained these personal details of the timeshare owner.

The telephone number is 0845 557 7297 and their email info@universaltravelmarket.com

As address they provide on their web: St. Nicholas House , 31-34 High Street , Bristol ,BS1 2AW

Checking out UK Companies House there is no such company as UTM – Universal Travel Market registered.

They have only just started and the consumers that have alerted us didn’t get that far as an upfront fee as they didn’t trust it straight away.

But with the fact that they cold call, guarantee sales for worthless memberships and their website which was created recently does not really provide the information it should do…well extreme caution is in place!

Have you been contacted by UTM – Universal Travel Market from 08455577297 ? Please let us know.

You can place a comment on the blog or send us a direct email to:
yourtimeshare@hush.com

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