Bogus resale companies are a worldwide problem and not only or exclusively related to Europe.

The American authorities (FTC) have taken action about different bogus resale companies and send out a strong warning to all timeshare consumers. http://www.ibtimes.com/articles/130834/20110405/ftc-warns-of-timeshare-scam.htm

Main reason for this warning is the ongoing and increasing complaints received from the consumers who have been cold called or have been at presentations of these companies where by paying an upfront fee the resale of their timeshare was guaranteed. Needless to say that in 99.99% of the cases the sale never went through and the consumers lost all their money.

We are talking about the typical re-sale scam which is a known ongoing problem as well in Europe where mainly from Spain (Costa del Sol, Canary Islands, Levante Area and Balearics) on a daily basis hundreds of timeshare consumers are approached by cold calls.

Mindtimeshare is aware of over 196 apparent bogus resale companies in the last 12 months, based on the complaints received from the consumers, but unfortunately only 20 of these companies were actually closed down by the police.

Main message to send out to all timeshare consumers worldwide is definitely to NEVER agree to any dealings with resale companies that COLD CALL, offer guaranteed selling of their timeshare and ask for an UP-FRONT FEE.

Any timeshare consumer that has been contacted or has unfortunately paid for services of these bogus companies should contact Mindtimeshare directly in order for us to give advice and take action. We work closely with both police and consumer associations to fight against the fraud in this area.

There are over a million timeshare consumers worldwide, and awareness of companies like Mindtimeshare is most important for the timeshare business and its consumers.

To create this awareness we need the help from the timeshare developers and other timeshare businesses who should give this information to their customers.

If timeshare consumers know from day 1 that in case of problems or doubts with suspicious companies they can get the information from Mindtimeshare and we as Mindtimeshare can avoid hundreds or thousands of consumers being scammed by paying up-front fees they never see back…would we be aiming for an ideal world?

About mindtimeshare

Mindtimeshare SLU is registered Company reg number: B35957182 Mindtimeshare provides assistance to timeshare owners who have been defrauded by holiday clubs and bogus resale companies. The Mindtimeshare project was launched in February 2011. After dealing with timeshare members over several years who had been defrauded by numerous bogus companies and for large amounts of money, I considered launching an Organisation to help timeshare owners that have been targeted by bogus companies. On this blog you can find information about the different active scam companies and their “modus operandi” and also place comments, ask questions and see comments from other consumers who have the same doubts or have been through the same experience. Mindtimeshare has resulted in a huge success and has received the back up from not only timeshare consumers but also from the professionals in the timeshare Industry. Mindtimeshare helps timeshare owners who have been scammed by bogus Discount Holiday Clubs; bogus cash back companies; fraudulent timeshare resale companies; bogus class action companies and false lawyers and notaries. We offer professional answers and advice to Timeshare users. If you want to send an email instead of posting a comment on the blog please do so by emailing: customercare@mindtimeshare.com
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1 Response to Bogus resale companies are a worldwide problem and not only or exclusively related to Europe.

  1. You would think that the resorts would contact the owners warning them of these companies. Yet they do not even try. Another timeshare scam that is becoming rapidly popular is that of the “Timeshare Recovery” where companies can help you get your money back from a resale company…for an upfront fee of course. What a joke!

    We have a free timeshare classified site and scam information on our blog as well.

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