We hope the following information helps you to make a more informed decision on which type of timeshare company is worth your investment. There are many clear signs of a timeshare scam, all your need is a little time to consider the evidence.
What are the signs of a timeshare scam?
If you pay attention to the clues you will be able to spot a timeshare scam a mile away. Here is a compilation of things to look out for when trying to see if your timeshare offer is legitimate or not. So, continue reading this insightful collection that will certainly shield you from many of the timeshare scams out there.
Here are some of the things to look for when detecting a timeshare scam.
The truth signs through
One of the clearest signs of a timeshare scam is honesty. One quick way to tell if your timeshare company is a scam is to test its honesty in doing business with you. For example, if they promise breakfast at the presentation and only offer coffee and juice, then you know they have lied to you. If they promise incentives that you never got to see after completing the presentation, then you know you are already heading for a scam.
Do they come recommended?
A company with no verifiable information on the internet is most likely a company that is not legitimate. You should be able to find something about the company you are choosing: reviews or company biographies. Lack of verifiable information about the company are signs of a company that is not legitimate. If the company has no verifiable background or has not been in years for at least 10 years, then that company should be avoided.
An established company will have the appropriate licenses and registrations on file with the local government. If you can’t find this out before going on your vacation, then check to see if the agent has an official ID that gives him permission to work in the public. If the agent doesn’t have an ID, then most likely the company that agent represents is a scam.
Affiliations and networks
If a timeshare company is reputable, it will most likely be affiliated with an international exchange network. So, check to see if your timeshare agency is affiliated with Interval International or RCI because these networks only affiliate with companies that are known to be legitimate. If your timeshare company is not with either or these networks, find out which network it is affiliated with.
Is the timeshare resort already standing?
You are no doubt in the middle of a scam if you don’t get an invite to see the place you plan on buying. You can’t rely on a picture or some design of the timeshare unless you know it’s coming from a reliable timeshare company. If not, then don’t purchase something you aren’t sure exists. Also, if you do see a timeshare, make sure the example you see lines up with what you expect to have in the timeshare detailed in your contract.
Intuition and gut instinct
Not everyone can say they can trust their gut when it comes to making decisions. But for those of us who can, it can be a powerful tool that lets us know when things are not going as they should be. So, think of your gut feeling as your first sign that your timeshare offer just may not be what it seems.