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Avoid Timeshare Fraud Timeshare tips: Avoid timeshare fraud The idea of purchasing your own timeshare vacation package is exciting. You'll be eager to take your first cheap trip to the beach, or enjoy your romantic getaway at a world-class spa. But when shopping for that cheap vacation and when contemplating your first timeshare rental, you should be aware of some of the scams that less-reputable companies might make.
Here is some advice for avoiding timeshare fraud:
- Go with larger, well-established. These larger organizations have been around for years, with thousands of satisfied clients. They are less likely to scam you with a timeshare resale.
- Always carefully read the contract. Make sure that you understand everything you are signing. Some less-than-reputable companies might make it very hard to sell your timeshare, for example.
- Be careful, particularly in Europe and other overseas destinations, of any reputed timeshare company that asks you to pay up-front fees before they will sell you a property.
Keep in mind that the vast, overwhelming majority of timeshare sales companies are reputable and have been doing business for decades. The large-name companies are too well-known to want to risk perpetuating fraud and all of the negative publicity that would engender.
If you know someone who owns a timeshare, ask them about the experience in dealing with the company. Search websites dealing with the timeshare vacation industry. Most have extensive discussion boards where members and prospective members share open, frank views of the timeshare companies they've experienced. | |
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