Beware of timeshare resale scams

Beware of timeshare resale scams

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Unfortunately, scams are not uncommon in the Timeshare industry. There are a lot of organisations out there that appear to be attempting to profit from individuals desperate to escape timeshare contracts. Sometimes it is difficult to assess the good from the bad.

There are companies pretending to be Solicitors when in fact they are just telesales advisors or sales teams offering to cancel your timeshare for a fee, while having other motives of getting you signed up for another product but never taking you out of your timeshare contract.

This is why securing trusted advice from an early stage is so important.

We would advise you to be suspicious of any company that:
• contacts you out of the blue
• says they already have a buyer for your timeshare
• puts a lot of pressure on you
• asks for more personal details
• invites you to attend a presentation
• asks for a upfront fee payable on a credit card or via bank transfer

Here are some key things to check:
• Check when the company was formed at Companies House
• Check the company registration is not bogus
• Find out if they have a physical office address you can visit
• If they are Solicitors they should be authorised by The Solicitors Regulation Authority (SRA)
• You must read any contract & understand it before you sign it

If you have already paid a company money to cancel your timeshare but are unsure if they are a bogus company, or are exactly who they say they are, get in contact and we may be able to help.

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