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Timeshare scams are at an all-time high, especially when they come as timeshare resales scams. We have a full list below. You’ll find timeshare resale companies under investigation, as well as legitimate timeshare resale companies. Many names are tossed around, such as RCI Resorts, Westgate, Wyndham, Timeshare Exit, or Redweek, but we will ...
Mar 29, 2024 · Timeshares are hard to sell and only a scammer will tell you they already have a buyer or can find one fast. If you want out, it’s best to start by contacting the timeshare company directly. To avoid a timeshare resale scam: Don’t pay upfront fees. Only scammers demand fees before they help you sell your timeshare. Do some research online.
Last year British consumers lost over £610 million in scams, with some of our clients losing over £50,000 in timeshare exit and claim fraud. Timeshare is an unregulated industry, and no central bodies hold your personal data. As such, if ANYONE calls you regarding your timeshare, they have illegally obtained your data on the black market.
Timeshare, Fractional & Holiday Club Scams. You can report a timeshare scam/fraud to Action Fraud run by the police. There is a specific question about Timeshare and Holiday Club frauds. Five Timeshare Scam Avoidance Rules. Rule 1 – If you are cold-called about Timeshare put the ‘phone down. Do NOT speak to them.
Timeshare Fraud is on the Increase. As of the 24th May 2023, at least 50 timeshare exit and scam companies are actively committing fraud across Spain, Tenerife and the UK. Due to the economic crisis, levels of timeshare fraud have increased, along with phishing and impersonation scams. Our organisation has also fallen victim to criminals trying ...
1. Unsolicited Phone Calls from Non-Legitimate Buyers. One of the most popular timeshare resales scams involves “out-of-the-blue” phone calls from a company claiming to have a legitimate buyer for your timeshare. This person might say they have a buyer waiting but need funds to close the sale first.
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The timeshare resale market is a magnet for scammers who exploit the desperation of owners eager to sell. Protect yourself by thoroughly researching any company you plan to work with, avoiding upfront fees, and staying alert to red flags. By taking these steps, you can minimize the risk of falling victim to these prevalent scams.
