Timeshare3 is a new Timeshare Disposal company that has started their cold call campaign, offering an “easy” way out of the timeshare.
The agent calling from Timeshare 3 sounds very plausible on the phone, but a general comment from consumers is that he is a bit evasive about the costs.
The same happens actually on their website www.timeshare3.com where there is a mention of charges between £200 – £300 and VAT between £2000 and £3000!
On the website which was registered on the 3rd of March 2012 there is also a mention of home visits for which there would be a petrol charge.
The website does not display any address or telephone number and neither is there a company registration number.
But once the consumer has shown interest, or at least listened to the phone pitch, the agent of Timeshare3 sends through the paperwork. Finally there are some clarifications!
The address seems to be 3rd Floor, 207 Regent Street, London, W1B 3HH and there is even a phone number: 0845 692235
On the papers finally the costs are outlined and a calculation of how they got to the amount requested:
The fee payable for this service is £1,450 plus the resort/club´s costs for legally removing your name from your ownership document/s. Resorts severance fees of £1,800 plus a fee of £650 T/S 1 week (I.e. the title deeds/membership certificates). The fee includes all litigation, administration and documentation expenses incurred within the legal process to enable this taking place. Total Amount Payable: £3,900
In order to add “urgency to the matter, the timeshare consumer is pointed out the following: “Please ensure you secure your position at your earliest convenience to avoid and prevent any future disappointment. Owners who have previously enquired or have been interested to exit from their ownership have first priority, which was the reason for my telephone call to you earlier today. The resale and relinquishment of timeshare ownerships are now no longer permitted due to new legal restrictions that resorts and clubs have put in place. “
Timeshare3 also has a blog attached to their website and there are comments of happy customers. http://www.timeshare3.com/blog.html One of these “customers” posted the following Comment:
Reply #3 on: Today at 09:46:57 » hi
i used to own a 2 bed apartment at Gran Anfi and i was able to get rid of my timeshare through a company called timeshare3. They had it on their books for about 4 months, which i didn’t think was too bad but they did eventually get rid of it for me. I’ve been scammed before by a company called incentive leisure and lost quite a bit of money so i went to the R.D.O and they recommended me to use this company .
We can assure you that this company is not recommended or in any way connected or affiliated to RDO!
So bottom line in this article is yet again a company that cold calls, without explanations about where they obtained the consumers personal data, requests a substantial upfront payment, does not comply with the regulations for websites and has no company details at all on the website, and last but not least; wants to make the consumer believe that they are recommended by RDO..
Have you had any dealings with Timeshare3 or were you called from 0845692235 ?
Please let us know!
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