Beware Of Too Good To Be True Timeshare Offers
Everyone loves a vacation... including scam artists! So if you're thinking of joining a travel club of some sort, make sure to do your research before writing the check. Time shares and travel memberships are a major investment, so don't make a decision based on price alone. Consult reliable sources, ask tough questions and make to sure get all the details in writing.
If it sounds too good to be true, keep searching for answers. How many legitimate businesses can survive by offering prices substantially lower than their competitors?
Also, don't let yourself be pressured. Legitimate companies don't require you to make a rash decision.
You might also consider having a lawyer look over the agreement so that you know exactly what you are getting and how it will benefit you. Don't ever sign something you don't completely understand. Also ask if you can speak with someone who has already signed up and see how satisfied they are with the deal.
Finally, always pay with a credit card. Unlike cash or check, credit cards give you the right to dispute any potential fraudulent charges under the Fair Credit Billing Act.
Beware of timeshare offers and travel clubs that sound too good to be true
Comments: 2
Howard,
I use to own a timeshare, but gave it the ex when I got divorced. I wouldn't want to pay the taxes or maintenance on it. I prefer to stay in hotels and travel when I feel like it, without all the hoopla of planning a trip thru a timeshare. The taxes on these timeshares are quite high and I don't need to pay these fees. I prefer a fancy hotel and a quick get-away when I can get away. I guess I bought one in a moment of weakness, as those sales pitches will make your head spin.
Howard, my wife and I was on vacation and on our day back, stopped for a "tour" of a resort. We left our vacation 5 hours late and new owners of a timeshare. We had just bought a car 2 weeks prior and were facing car payments starting a month later.
I guess we were pressured by the sales team and they did not even tell us about our rightto cancel. Only on returning home did we then think twice and realise we could not afford monthly payments for 10 years and annual fees of over $600, plus car payments and other expnses. We were lucky to find somewhere on the contract how to cancel and just realised we were on the last day. I rushed to the post office to send the cancellation letter.
It was a very rash decision. Stupidity on our part. My Lesson learnt - NEVER ATTEND TIMESHARE SALES TOURS EVEN OF THEY OFFER A MERCEDES. You will end up signing even without you thinking twice as they make the deal sound so sweet you could sign in your sleep.