In this month’s Newsletter we want to ask the following question; why do Timeshare Scams continue to happen?
On a daily basis we receive numerous inquiries from Timeshare owners and users that have been approached by dubious companies. Luckily a lot of these consumers have found our blog on time or already know us from before and are very careful with cold calling companies.
But still is there another group of innocent Timeshare Owners that have fallen into a trap set up by these companies and ended up paying thousands and thousands of pounds.
Why is this? Why does this keep on happening? And very important; what should be done about this?
We from Mindtimeshare are actively posting warnings on our blog, we research companies that are mentioned to us by consumers and we try to be on top of all the new ones that appear each day.
But this is clearly not enough!
There is still a large group of Timeshare Consumers that seems to be unaware of all this happening.
So when a company knocks on their door or rings through on the phone and starts manipulating them with sweet talk about resales or scary issues like perpetuity clauses, these Timeshare owners are all ears!
Of course it is true that the agents on the phone or the supposed “legal adviser” at the meeting about the compensation claim are “professionally” trained people and know how to manipulate psychologically their potential victims.
But would they have the same effect on the potential victim if he would have been pre-warned by his Resort, Club or others related to his timeshare?
For us it is extremely frustrating to see that people sign up and pay around £6000 for a disposal service with ITRA for example when they actually could have disposed of the Timeshare free of charge with their resort directly! How many times have they told us they were informed about the perpetuity clause and they entered into a state of panic and signed?
All we can do is continue to inform the Timeshare users through the blog, the web, Twitter and Facebook. But obviously we cannot reach everybody! So we need the Resorts, the Clubs or even the Exchange Companies to help, to make their members aware of what is out there.
Timeshare is great, but yes there are unscrupulous people trying to make money out of the fact you don’t know certain facts. But the main part of this fraud could be avoided! Lack of information seems to be the main factor for Timeshare owners to fall victim of a scam.
Campaigns against Fraud in and around Timeshare should be so much bigger. Timeshare companies should create awareness among their members. No need to scare people, but keeping them informed is a way to prevent scams and actually provide a service more to the members.
Send a warning to the members when a scam appears that seems to be targeting the same resort owners.
Include a copy of the cold caller list when sending members the Newsletter.
Small things that can make such a big change!
And for all Timeshare Owners & Users, we would also like to stress that whoever calls you, whatever they tell you and how credible it might sound….GET INFORMATION, SPEAK TO YOUR RESORT / CLUB!
Don’t feel ashamed to speak to your resort about resale, relinquishment or any other issue related to your membership. They are there to help you and to inform you!
And last but certainly not least: Do NOT pay any money to any company before checking everything is in order and their services or products will be delivered and you are protected.
We sincerely hope we can make this work between all of us!