Avoiding the Pitfalls of Timeshare Ownership
Timeshare Scams
For timeshare owners who have already signed a timeshare contract, this is well known advice and a great warning to all consumers. Before getting involved with a timeshare company, consumers must use the greatest precaution. The timeshare industry has a very long history of fraud, misrepresentation, and are known as some of the biggest scams of modern history.
Timeshare scams begin with an innocent consumers being lured into a presentation with the promise of a wonderful gift. The timeshare presentation is often much longer than advertised, and attendees are bullied, pressured, and lied to just so timeshare salesmen can force a signature of a contract. The timeshare scam is in full effect, and there is very little a timeshare owner can do. It should be noted, however, that within the first few weeks of signing a timeshare contract, a new owner can null the agreement and be free of the scam immediately.
The final stage of timeshare scams comes in the form of hidden fees, drastic increases in payments, and maintenance costs. The entire goal of timeshare scams is this stage, when timeshare companies force owners to pay their fees because they have a legally binding contract. Timeshare scams can be financially traumatic for families, and must be avoided at all cost.
There may be some situations where timeshares are not scams, and can actually work for investors. However, this is nearly never the case. The entire timeshare industry was designed as a scam, and, unfortunately, a fairly legal one. However, there are ways to fight back against timeshare scams, and the first step is asking for help. Timeshare Consumer Bureau is here to strike back against timeshare scams, so submit a review or complaint today!
Timeshare scams begin with an innocent consumers being lured into a presentation with the promise of a wonderful gift. The timeshare presentation is often much longer than advertised, and attendees are bullied, pressured, and lied to just so timeshare salesmen can force a signature of a contract. The timeshare scam is in full effect, and there is very little a timeshare owner can do. It should be noted, however, that within the first few weeks of signing a timeshare contract, a new owner can null the agreement and be free of the scam immediately.
The final stage of timeshare scams comes in the form of hidden fees, drastic increases in payments, and maintenance costs. The entire goal of timeshare scams is this stage, when timeshare companies force owners to pay their fees because they have a legally binding contract. Timeshare scams can be financially traumatic for families, and must be avoided at all cost.
There may be some situations where timeshares are not scams, and can actually work for investors. However, this is nearly never the case. The entire timeshare industry was designed as a scam, and, unfortunately, a fairly legal one. However, there are ways to fight back against timeshare scams, and the first step is asking for help. Timeshare Consumer Bureau is here to strike back against timeshare scams, so submit a review or complaint today!
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