Knowing the signs of timeshare exit fraudulence for your personnel’s safety and financial security is crucial. Predacious marketing companies are utilizing multiple scare tactics and solicitations – and the promised services they likely don’t provide.
- Some companies falsely propose owners turn owners the points in turn for claim or money that owners will be evaluated for corona costs.
- Some companies try and lure timeshare owners into the schemes to pay hundreds of dollars, possibly thousands, to cancel their ownership.
- Moreover, some of these timeshare cancellation companies have pushed timeshare owners deeper into debt by falsely advising them to stop paying their assessment fees.
- The majority of timeshare cancellations companies contact the owners and offer them a 100 guarantee to cancel their timeshare contract when asked to pay hundreds or thousands of bucks in the form of upfront fees.
In the majority of cases, if you preserve a timeshare cancellation attorney, your timeshare developer has legally prohibited you from directly working with you on financial solutions. Unfortunately, this has resulted in lots of confusion for some timeshare owners who try outstretching their contract developer for guidance after the company fails to implement the services.
Ways to Identify and Escape Timeshare Cancellation Scams
Timeshare cancellation scams, timeshare company scams, and timeshare resale scams – are three circumstances you do not want to get yourself into being a timeshare owner. But regrettably, these are some common happenings you must be aware of if you are trying to cancel an unwanted timeshare contract. Through this section, you will learn about how to escape timeshare cancellation scams by taking the assistance of a legit and best timeshare exit company.
Avoiding Unsolicited Calls from Timeshare Exit Companies
If you’ve got an old timeshare that you don’t use, you may want to avoid unsolicited calls from timeshare exit companies. These firms have aggressive marketing tactics and often target older timeshare owners. For example, they claim to be able to cancel your timeshare contract in exchange for a fee. According to the Better Business Bureau, there were 350 consumer complaints filed against these companies. The best way to avoid unsolicited calls from timeshare exit companies is to research and take services from a legit and the best timeshare exit company.
Using a Member of ARDA
To avoid timeshare cancellation scams, you should only use a BBB-accredited company or a member of ARDA. These organizations follow a strict Code of Ethics that protects timeshare owners. They are also members of the Coalition for Responsible Exit, which advocates for the rights of timeshare owners. The ARDA and the American Resort Development Association (ARDA) have joined forces to create the Coalition for Responsible Exit (CRE). Its mission is to educate consumers about the timeshare industry and combat timeshare fraud.
Ignoring High-Pressure Sales Tactics
One of the most common methods of timeshare salespeople is high-pressure sales tactics. These techniques involve using emotion and aggressive arguments to get you to buy a timeshare. It’s best to pause and think before agreeing to purchase something, as you could be pushed into making an unwise decision. High-pressure sales tactics are key to avoiding timeshare cancellation scams, which you can achieve by availing of the services from a legit and best timeshare exit company. These salespeople use aggressive sales tactics to get you to pay upfront fees and sign contracts.
Avoiding “Guaranteed” Refunds
It is crucial to recognize and avoid “guaranteed” timeshare refund schemes. These companies will attempt to take advantage of timeshare owners by making unsolicited calls and promising to sell their timeshares. In addition, these companies often try to collect up to several thousand dollars from unsuspecting owners. Once the victim has paid the scammers, they will receive an official-looking contract to advertise the timeshare for sale. These companies advertise heavily on the radio and the internet.
Avoiding Timeshare “Donation” Companies
It’s important to stay away from timeshare “donation” companies. Not only are they fraudulent, but they can also be a tax liability. Fortunately, there are ways to avoid falling victim to timeshare “donation” scams. This article will explore the pitfalls of timeshare donation and offer you a consumer guide to avoiding timeshare “donation” scams. Timeshare “donation” companies usually charge a lot of money to coordinate the donation process, so be wary of such organizations. Also, many charities do not accept timeshares as donations.
One of the best ways to avoid getting caught in a timeshare cancellation scam is to avoid unsolicited calls from companies claiming to offer timeshare cancellation services. These companies use high-pressure sales tactics to get your money, and you should also be careful not to fall for “guaranteed” refunds.