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Help Stop Timeshare Fraud With These Tips

Stop Timeshare Fraud

April 15, 2019 – by Primo Management Group

Stop Timeshare Fraud

Can you help stop timeshare fraud?

Do you want to help stop timeshare fraud? We hope you do, because these scams are everywhere. They target the vulnerable and use up valuable resources. The timeshare industry is so big and so strong, sometimes it seems impossible to fight back. But luckily, there are steps that you can take as a consumer to help stop timeshare fraud.

What is Timeshare Fraud?

Unfortunately, criminals are creative. So, there’s more than one kind of timeshare fraud out there. We don’t have time to go into detail on every timeshare scam we’ve ever seen, but most fall into two categories: sales fraud and resale scams.

Sales Fraud

Sales fraud can and does happen at all stages of the process. First, many sales reps promise consumers a free gift for attending the presentation. Sometimes the session lasts too long and even worse, sometimes consumers aren’t allowed to leave. Or the rep fails to award the free gift. Or the gift isn’t what the rep promised. These broken promises are one type of sales fraud.

Another type of sales fraud occurs when the sales rep makes false or misleading statements during the sales process. For example, the rep may embellish the condition, location, and amenities of the unit itself. Or they might misrepresent the difficulty of making reservations. Or they may fail to disclose information about the rescission period. And the worst kind of sales fraud, the rep sells a buyer a timeshare that doesn’t even exist. All of this constitutes sales fraud.

Resale Scams

But timeshare scams don’t stop at the sales presentation. If only! Instead, once you’ve bought a timeshare, you’ve opened yourself up to another kind of fraud: the resale scam. Timeshare resale scams target people trying to get out of their timeshares. The scammer contacts a timeshare owner and tells them they have a buyer for their timeshare. All the owner has to do is pay a fee upfront. But after the owner pays the fee, the buyer never materializes and the scammer walks away with the money. And the owner is still stuck with their unwanted timeshare.

Who Gets Hurt?

Timeshare scams directly hurt consumers but indirectly hurt everyone. Any consumer or timeshare owner is at risk for timeshare scams. However, timeshare scams commonly target the most vulnerable among us. Sales fraud targets happy vacationers. Then resale scams double-down on the sales fraud and target owners desperate to sell those very same timeshares the sales reps tricked them into. And most desperate owners simply can’t afford them anymore. So it goes without saying that they definitely can’t afford to be scammed.

But scams don’t just hurt the direct victims. They also hurt taxpayers and governments, whose hard-earned dollars are spent trying to prosecute scammers, educate the public, and stop future scams. So what can you do about it?

Can I Stop Timeshare Fraud?

No one can single-handedly stop timeshare scams. The industry is huge and criminals are good at hiding. But you can take some simple steps to help.

Educate Yourself

Knowledge is power! By knowing what to watch for, you can spot scams and fraud. Reading this article is a good first step. You can learn more from the Federal Trade Commission.

Report Scams

If you or someone you know has been targeted for a scam, report it to the FTC. Then they can take it from there.

Warn Others

After you tell the appropriate agencies, tell everyone else. Review the business online for everyone to see. Start with the Business Consumer Alliance and Google Reviews.

We see the effects of timeshare scams every day. And we fight back by helping people get out of their unwanted timeshares. If you need help, contact us for a free, no-risk consultation today.

(Image by Gerd Altmann from Pixabay)

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Frequently Asked Questions ?

How does PMG get me out of my timeshare contract?

PMG is not a resale, transfer, or donation company. We are consumer advocates—we help to negotiate the release of your timeshare contract obligation. We do not buy, sell, or rent your timeshare. Simply put, we help you to get out of your timeshare contract forever.

How long does the process usually take?

Usually less than 12 months, but it all depends on your situation. If your timeshare is free and clear with no mortgage, then the process may only take 3-9 months.

Speak to your advisor about the time, and what delays the resorts have put into place to prevent timeshare owners from departing their ownership. If you have a mortgage or past due maintenance fee, the process takes more time.

How much is my timeshare worth?

This is probably going to hurt, but whether you paid $5,000 or $50,000 for your timeshare, the IRS values all timeshares as worthless investments. In addition, that timeshare would have negative value due to the annual maintenance fee bill which compounds year after year. That is until PMG helps you cancel your timeshare.

Can I use your service if I still have a balance owed on my mortgage?

Yes. Whether you bought your timeshare 20 days ago or 20 years ago, PMG has a solution for you and is here to help.

Will my name be off the timeshare?

Yes! Permanently! GUARANTEED!

In addition to getting me out of my timeshare, can you recover the money I’ve already spent on mortgage payments and maintenance fees?

While we are able to recover money in rare cases, beware of any timeshare cancellation company that entices you with the promise of fund recovery. The truth is, timeshares are loath to give back the money they’ve already taken.

Are your consumer advocates really “consumer advocates”, or is that just a fancy word for salesperson?

Because most of our clients have had their trust betrayed by timeshare salespeople, we understand how some consumers can become a bit jaded. When you call us for a consultation, that’s exactly what you get, a consultation. At PMG, our job is not to sell you; our job is to help you get out of your timeshare. Which is why we have numerous 5-star reviews and an “A” (excellent) rating from the BCA.

Why should I choose PMG to get me out of my timeshare?

We pride ourselves on providing our customers with the best customer service in the industry. When you contact our company, you speak to a live person, not an automated system or voicemail. We go above and beyond for our customers by helping you to protect your credit and even repair your credit if needed. We offer a 100% money back guarantee, and we can provide documented proof of our success in helping customers just like you.

What happens after I sign up with you? Will I be apprised of your progress?

At PMG, we pride ourselves on our hands-on, boutique-style customer service, so every new client is assigned a case manager whose job is to keep you in the loop throughout the entire cancellation process. Your case manager is always just a phone call away.

How much is your fee?

Not all timeshare experiences are created equal. Some are more complicated than others, and every situation is different. That’s why our trained timeshare elimination consultants will ask you a series of questions designed to determine exactly what needs to be done to terminate your timeshare, how long it will take, and how they can best advocate for you. We will always seek the most cost-effective route for you.

What if I still have more questions?

Canceling a timeshare contract is not a cookie cutter process. With each situation being unique, once you complete the form below an experienced consumer advocate will call you today to discuss your options.