posted 8th May 2024
It's alarming to note the frequency of phone calls we receive from distressed timeshare owners, a clear indication that timeshare criminals are still a prevalent threat in 2024.
The two areas of concern are timeshare exit fraud, and timeshare claims fraud. Past and present timeshare owners are called out of the blue and told that they are either not out of their timeshare or are owed thousands in compensation.
Look out for the below signs of a timeshare exit scammer.
- You were contacted out of the blue.
- You were told you were on the timeshare register.
- You were told you're not legally out of your timeshare.
- You were told that Hilton is collecting Diamond Resorts fees.
- You were told that Wyndham is collecting CLC World fees.
- You were told that you need a legal certificate.
- You were threatened with debt collection.
- You were told your children would inherit your debt.
- You were subjected to a presentation on Zoom.
- You were asked to make an immediate decision.
- You were asked to pay upfront fees.
Look out for the signs of a timeshare claims scammer.
- You received a cold call out of the blue.
- The company isn't FCA or SRA-regulated.
- It isn't No Win No Fee
- You are asked for upfront fees
- You are told the compensation is guaranteed.
- It sounds like you are being 'sold' the opportunity.
- You are asked to make a pressurised decision.
- You're told the liquidators have a cut-off date.
- You're told the Spanish Courts have a cheque waiting.
- You're told you have to pay taxes to release your money.
Unfortunately, the timeshare industry left a huge vacuum for scammers to exploit people. The only ways to avoid falling victim to a timeshare exit or claim scam are never to do business with a cold caller, never pay upfront fees, and always use a regulated company like ours.
If you need help getting out of your timeshare, making a claim, recovering money from a timeshare scam, or have some questions, get in touch. Our advice and guidance are free; we do not charge any upfront fees and are regulated by the FCA.
