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Timeshares can be a good vacation option, but they can also be a big scam. Learn more about timeshare scams and how to protect yourself from them
Everyone loves holidays, and with the beginning of vacations, thousands of families and couples start looking for places to travel to.
Timeshares represent an option that is tempting for many vacationers and an opportunity for the resorts to sell timeshares, therefore, timeshare purchase scams are becoming more frequent, and people should be cautious about anything that sounds too good to be true.
However, not all timeshares are bad, but they are not for everyone.
Timeshares may be a good acquisition for those who enjoy traveling to the same spot every year, but definitely not for people who like to travel spontaneously.
The following paragraphs will describe what timeshare purchase scams are and how to avoid becoming a victim of one of them.
Timeshare Purchase Scams
Timeshare purchase scams are vacation properties that are sold in an unethical manner.
During holidays, many vacationers are approached on the streets to be invited to have a free breakfast and a free tour, among other gifts, if they accept to attend a 90-minute sales pitch.
This invitation is actually a hook to bring people to timeshare presentations.
There are people who enjoy attending timeshare presentations to get the freebies; however, it is very important to be extremely careful since these presentations are very high pressure and a considerable percentage end up signing a timeshare contract.
There are lots of timeshare complaints, and the industry has been negatively criticized because of the large number of scams that have been committed in the last few years.
Some timeshare companies are accused of using fraudulent tactics to sell holiday ownership, while others affirm that the units are overpriced.
Nevertheless, the biggest complaint about timeshares is that they are almost impossible to sell and that the resale value is incredibly low.
For more information about timeshare scam companies, visit our Black list of timeshare resorts.
Beware of timeshare scams
Contrary to what one might think, timeshare scams increase in a bad economy. As a result, it is essential to beware of the timeshare purchase scams that are committed by some resorts.
Regardless of how they are presented, timeshares are NOT a financial investment, and they need to be looked at as a purchase.
If you decide to attend a timeshare presentation or if you are considering buying a timeshare, you will know you are being scammed if you detect one of the following peculiarities:
- The promises made by the timeshare salespeople are too good to be true
- Timeshare salesperson is overly aggressive
- The sales pitch is extremely confusing and high-pressure
- Misleading advertising used by the sales representatives
- You are told your timeshare will be a good financial investment
To learn more about false statements told at a timeshare presentation, go to the article Timeshare scams: 8 common lies told at the sales presentation.
Tips to protect yourself
In order to protect yourself from becoming a victim of a timeshare scam, you must follow the following tips:
- Read your contract very carefully and understand all the terms and conditions established in it.
- Do not believe everything you hear, verbal promises are not valid if they’re not written in the contract.
- Know your timeshare cancellation rights before making any purchase.
- Leave the presentation if you feel you are being pressured
- Ask for details, know the type of timeshare that you are being offered
- Obtain written information about everything you are being told
- Know who you are dealing with. Research everything about the company before making any deals with it
- If you have any doubts, you better say No! It won’t hurt anyone
- Do not give your credit card information
To learn more tips, visit our article, "Timeshare Fraud: 5 Tips Timeshare Resorts Don’t Want You to Know"
Don’t be a victim! There’s a way out
Many people have become victims of timeshare scams during their vacation, which is not a reason to be embarrassed. A timeshare is a huge financial commitment, and not everyone is able to afford the timeshare maintenance fees.
Mexican Timeshare Solutions is a company that assists timeshare purchasers who feel they were scammed by fraudulent timeshare companies.
As specialists in the timeshare industry, we are committed to offering timeshare help in a fast, friendly and experienced service to clients. Contact MTS today for a free consultation on your timeshare matter and get ready to get a final relief from your timeshare.
To receive more information about timeshare purchases and how to cancel your timeshare, send a WhatsApp to +52 333 239 6589, fill out the contact form or call us at +1 714 277 3662
Information To Share
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Nosotros tenemos 1 año que compramos la membresia con Pueblo Bonito y es hora que no nos han dado reservación, no sabemos que esta pasando si seguimos pagando de forma puntual.
Purchase a timeshare is the worst thing that you could ever do , for own experience i highly recommend you to avoid timeshare presentations
Si pueden invertir en algo que no sea tiempos compartidos seria perfecto , en mi opinion perdi mucho dinero por querer invertir en algo que pense que iba a usar, ese fue mi principal problema , que no pude usar cuando queria mi membresia que porque no estaba disponible y tenia que hacer un "upgrade" lo cual salia muy caro...
Many Times we want to invest in something that could change our lives, and yes, if you buy a timeshare your life is gonna change , on a negative way of course, so if you dont want any problems with timeshare, just avoid all timeshare stuff, good luck.
I travel to various locations for my business and would like to use my timeshare in those locations instead of a hotel. Are the maintenance fees, taxes, and RCI conversion fees to use the properties in those locations deductible in this scenario?
The timeshare industry must perform a deep cleaning otherwise the industry will be severely affected because of the lack of trust. There are timeshre scam and timeshare cancellation stories of people who trusted their prayers would be answered.
With all these scams it really hurts the credability of everyone. I guess it is an easy market to scam people.
My question is how do legitimate sellers make money on selling a worthless timeshare? Seems like money upfront is the only way to make it worthwhile.
To my mind, I think the timeshare industry is a fraud. When you think you're a victim of this fraud is when you have to contact professional people to help you with that scam and you must report this fraude. People need to make some noise about these fraudulent companies to avoid people fall in their traps.
los vendedores son lo peor de todo esto, no toman un no por respuesta hasta lograr lo que buscan
I bought Mayan Resort in Mexico yesterday. If I rescind with in 5 days, can I reasonably expect to get the deposit back?
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