In the new year, we hope to share with readers
an overview of the most wanted blacklisted timeshare companies. These are
timeshare companies that we deem to be scams or that seriously mislead
consumers. We hope the information will be useful and help in reducing the
number of fraudulent activities that give reputable timeshare companies a bad
name.
Blacklisted timeshare companies
The kinds of timeshare companies that will
make it onto our blacklist include those offering “cancellation” services, fake
rental services, bogus resale offers (both for buyers and sellers) and fake
timeshare sellers.
Blacklisted timeshare cancellation companies
Any company that is offering timeshare
cancellation services are likely to be a scam and will feature on our inventory
of blacklisted timeshare companies. The reason we can be so sure about this is
that you cannot “cancel” a timeshare contract. Just like you cannot cancel your
purchase agreement for your family home or business agreement, you cannot break
your contract legally or otherwise. The offer may sound genuine but timeshare
cancellation companies are scams!
Fake rental services
Timeshare companies promoting fake rental
services will also feature on our timeshare blacklist. Usually, these scammers
work on the basis of getting you to subscribe to their services. You hand over
your money and then they (conveniently) cannot rent out your weeks. We have a
number of blacklisted timeshare companies to review.
Bogus resale offers
Resale scams work both ways. On the one hand
you will find companies claiming to sell a great deal as a timeshare resale.
You pay for the timeshare only to find that you cannot actually use the
membership until you pay a further hefty fee to clear outstanding maintenance
fees or, there are only a couple of years left on a timeshare that you thought
you were purchasing for 10 years. On the other hand, even happy timeshare
owners can get tricked into thinking there is someone interested in their
timeshare. For example, there are cases where timeshare owners get an email
with information about a potential buyer. They then have to pay various fees to
cover things like an introduction fee, survey of the property etc. At the last
minute, the buyer pulls out! Scammed again!
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