Are Timeshare Scams Worse than Ever?

Are Timeshare Scams Worse than Ever?

posted in: Vacation Scams | 1

What makes a timeshare membership a scam? You would be surprised at how many people mistakenly label a lot of legitimate timeshare opportunities as scams. If your timeshare membership gives you what you need, then your membership poses no problems. People usually don’t start having issues with timeshare memberships until they encounter aggressive salesmen, reselling deals and cancellation offers.

Overly aggressive salesmen with false promises concerning timeshares

The chances of being misled by information presented by a legitimate timeshare company is very rare because you can always go to a supervisor at the resort to clarify any suspicious claims made by a salesperson. This also helps them spot any employees not going by the rules to prevent any further incidents. Remember, your salesperson is trying to make a sale and wants to make the offer look as appealing as possible. Hopefully, your presentation is being held at a timeshare community worth your while. Even if it is, the decision to purchase is left up to you. It’s unfair to commit to a certain price and then want to claim timeshare scam because you are having financial difficulties. Therefore, it’s important to enjoy the presentation while maintaining focus on what you can realistically invest. If you realize you could have afforded a higher price, then you can opt to upgrade to a higher membership afterwards.

Timeshare scams that trick you about maintenance fees

Maintenance fees are essential to the upkeep and repairing of needed things within the property so that the property remains a viable habitat. However, many people neglect to read the timeshare contract in its entirety and overlook the information concerning maintenance fees. This will lead some to claim their timeshare offer was a scam because no one verbally shared with them the information about the maintenance fees. Although most orientations presenting the timeshare offer explain the possibility of separate maintenance fees, there are rare occasions where the salespeople do not mention the possibility of separate maintenance fees. Nevertheless, the information is found in any contract a person signs to buy a timeshare. So, it would be in error for the customer to say s/he had no knowledge of the possibility of maintenance fees.

The real timeshare scams to beware of

If you attend a timeshare presentation hosted by an organization with a positive image, you won’t experience timeshare scams because of stricter laws concerning their business practices. But even with all that, there are still a few timeshare scams out there:

Resale and second hand timeshare scams – When taking over someone else’s membership, you may have to pay overdue maintenance fees. On top of that, you may find out you only have a limited time left on the membership (like a year or less) or no time at all.

Cancellation timeshare Scams – You can’t really cancel a timeshare membership, so companies offering to get you out of your membership contract for a fee are taking you for a ride. By the time you realize this, you will have discovered your loan has gone into default.

Fake timeshare sellers – If you went to the presentation, close the offer at the presentation. Don’t be pressured into having some salesperson give you an offer outside that resort because most likely it is not legitimate.

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  1. We were really close to being involved with a fake timeshare seller in Cancun once. We were invited to a timeshare presentation and they told us to be at the resort at 9am. They were going to send a taxi to collect us, but we had a rental car, so we said we would make our own way there. In the morning, we decided to take a taxi anyway, so called one from outside of the hotel. We told the taxi driver where we were going and he seem pretty interested that we were heading to a timeshare presentation.
    Before we knew it, we had arrived to the place where the taxi driver said the presentation was going to be. It didn’t look exactly like we expected. It was a plush office and we were expecting to go to the resort. Alarm bells should have started then, but we didn’t really have any intention of buying a timeshare anyway – we just wanted to get the discounts on the tours we were promised.
    Anyway, we were given a long presentation and lots of cocktails. First we had a really nice seller who talked us through everything. Later, when we indicated that we were not interested, another agent came in and threatened us saying that we were “strokers” (which I later found out is a term to describe people who go to lots of presentations to get the free gifts and discounts). It was a horrible experience and we left, but not after we were insulted so more.
    When we got back to the hotel, we had messages from the timeshare agent who had booked our presentation, asking us where we were? It seems the taxi driver took us to a fake timeshare that wasn’t the resort we were supposed to go to. So, in the end, we lost time and we didn’t even get the discounts! The lesson is to make sure you know where you are supposed to be going for

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