More people than ever are trying to get out of their timeshare contracts to save money and be rid of these burdensome and oftentimes stressful properties. However, as the numbers of available properties on the resale market rise, so does the instances of timeshare resale fraud. These scams are quickly becoming the number one consumer fraud complaint in the country, and the need to protect yourself from these potentially costly scams is a very real one. But what can you do to identify and protect yourself from timeshare resale scams and successfully cancel your timeshare contract at the same time?
What You Need to Know
The Better Business Bureau has been warning timeshare owners for years to beware these scams. Unfortunately, despite their efforts to educate thousands of people are scammed out of millions of dollars each year. The easiest and most effective way to avoid these scams while you try to cancel your timeshare contract is to know how they work and quickly identify whether or not you may be dealing with a timeshare resale scams. Common indicators include:
- Unsolicited contact
- High-pressure to sign now
- Outrageous upfront fees before service is rendered
- Vague on the details of their business
- Little to no information available about company
- Outstanding consumer complaints
- Poor or no rating with the Better Business Bureau
What You Can Do
If you feel like you have come into contact with a timeshare resale scam or you are concerned about the possibility of these frauds reaching out to you, there are professionals that can help you. Reputable timeshare resale companies can help you get out of your timeshare contract quickly, easily, and without charging your ridiculous fees without providing you with any real service. Take the time to research these companies before you make any commitments to ensure you are working with a trustworthy and qualified professional service that can help you get rid of your timeshare once and for all.