Absolute Timeshare Scams
11
Timeshare Scam – How to Avoid it
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There are a lot of complaints about absolute timeshare scams. Timeshare is incredibly popular and so the industry attracts some scammers wanting to take advantage of unsuspecting holiday makers. Follow our simple tips to avoid timeshare scams. Text: Timeshare Scam – How to Avoid it. Timeshares often represent money-saving purchases for frequent travelers. But be warned they may prove costly if you don’t know how to detect an absolute scam. According to the National Timeshare Owners Association nearly 8 million Americans own timeshares, making the thriving industry ripe for con artists. Companies lure potential customers with free stays at a timeshare in exchange for the client's agreeing to simply sit through a timeshare presentation, but problems may arise once you agree to buy the property. Timeshare scams range from hidden booking or maintenance fees to more extreme cases, such as companies suddenly going out of business once they secure your hefty deposit, leaving you without a timeshare. Follow our tips for buying to avoid timeshare scams 1. Leave the room if the sales pitch becomes too aggressive. 2. Talk with other owners, particularly if you are staying at the timeshare resort where you are considering purchasing property. 3. Allow yourself the opportunity to consider the offer, do not sign a contract or any documents at the presentation. Review the contract and documents with a lawyer. 4. Visit the Better Business Bureau website (bbb.org) to check for complaints against the timeshare company. 5. If you decide to sign a contract at the time of the presentation, get a copy immediately, do not accept promises for them to mail or email you a copy at a later date.
Transcript of Absolute Timeshare Scams
Timeshare Scam – How to Avoid it
Timeshares often represent money-saving purchases for frequent travellers. But be warned they may prove costly if
you don’t know how to detect an absolute scam.
According to the National Timeshare Owners Association nearly 8 million Americans own timeshares, making the
thriving industry ripe for con artists.
Timeshare scams range from hidden booking or maintenance fees to more extreme cases, such as
companies suddenly going out of business once they secure your hefty deposit, leaving you without a timeshare.
Follow our tips for buying to avoid timeshare scams
Leave the room if the sales pitch becomes too aggressive.
1
Talk with other owners, particularly if you are staying at the timeshare resort where you are considering purchasing
property.
2
Allow yourself the opportunity to consider the offer, do not sign a contract or any documents at the presentation.
Review the contract and documents with a lawyer.
3
Visit the Better Business Bureau website (bbb.org) to check for complaints against the timeshare company.
4
If you decide to sign a contract at the time of the presentation, get a copy immediately, do not accept
promises for them to mail or email you a copy at a later date.
5
Please be careful of timeshare scams!
