Resale Fraud
This is an area that has reached almost epidemic proportions as the sale value of Timeshare Products has now reached zero in all marketplaces
More and more re-sale companies are preying on vulnerable Timeshare Owners who hold onto the belief that their Timeshare still holds some cash value
Many of our clients are being contacted on a daily basis - often several times a day - by these unscrupulous operators - with the intent to defraud them of further monies with empty promises of unrealistic & tempting cash returns
If you have paid - or have been contacted - by a Re-Sale Company - use the following link to see whether or not they are legitimate - or if they have been black-listed by the European Timeshare Council:
The normal technique(s) are usually one of the following approaches:
1. To suggest to the owner that there is a buyer prepared (often referred to as a 'Corporate Buyer') to pay an attractive but unrealistic amount for their Timeshare - providing that the seller (you) will pay an up-front fee - sometimes referred to as a 'holding deposit' or 'retainer'
2. To propose that the Client you) can recover any monies that you have already paid to other re-sale companies in addition to the new 'up front fees' & the 'alleged' sale price
3. To invite you to a 'Consultation' with the 'Corporate Buyer' - often abroad - sometimes at venues in the UK - to offer you the option of converting to a 'Holiday Club' with the promise of a Cash-Back/Reclaim Program
Don't take our word for this - the following links explain it all by Internationally Recognized Organisations such as:
The Office of Fair Trading & the UK European Consumer Centre:
http://www.oft.gov.uk/news-and-updates/press/2009/10-09
http://www.ukecc.net/sub.asp?id=300
DO NOT UNDER ANY CIRCUMSTANCES PAY ANY MONEY TO ANYONE WHO SUGGESTS THAT THEY CAN FIND A BUYER FOR YOUR TIMESHARE - AND DO NOT DEAL WITH ANYONE WHO ASKS FOR CARD DETAILS OR PATMENT IN ADVANCE - YOU ARE IN THE PROCESS OF BEING SCAMMED - 100% GUARANTEED