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Friday, May 7, 2010

Smart Ways to Detect a Timeshare Scammer

Vacation is already a part of most individuals and although it may involve cost, the advantages of doing so are already worth it. Today, one of the most popular ways of vacationing is through timeshares. But due to the struggling economy, it has forced a number of owners to get out of their timeshares by reselling it. Along with this, there are also timeshare marketing firms which aid these owners in the resale industry. However, the Better Business Bureau or BBB still warns timeshare owners about scammers in the resale industry.

Typically, telemarketers often convince timeshare owners to sell their property, getting them to purchase marketing contracts in the process. Such marketers are aggressive in pressuring timeshare owners as if there was already a confirmed buyer. The contracts can cost up to $4,000. But most timeshare owners don’t even get a call back after payment.

The BBB has already received many complaints about these types of scams. The usual approach is to phone timeshare owners and to get them to pay money upfront. Then, they tell them that there is already a buyer.

To make sure you will not commit such mistakes, check the reputability of the company you are negotiating with. You can contact the nearest BBB branch in you vicinity to confirm the legitimacy of the company. Never shell out money when trying to get rid of your timeshare especially when you are not assured of the company’s intentions. Many owners already did and don’t be like them.

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