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In the world of timeshares, there are several companies out there who are mis-selling you the ability to get out of your lengthy contract. However, individuals who are desperate to get out of their contract may forget the aspect of safety and choose to work with a company who claims that they are able to deal with problem quickly and effectively, when really, they are just looking for money. We are here to tackle these problems!
Where Do These Scams Originate From?
Timeshare selling scams originate from a cold call, meaning that someone will call you up and promote a service which isn’t always legitimate and truthful. When we look at the prospects of cold calling, these organisations don’t exactly achieve much and even if they think they are getting somewhere, the outcome may not be so great for them.
Most of these companies that will ‘claim’ to be giving you genuine advice, are in fact other Timeshare companies, ex Timeshare sales people or are funded by the Timeshare companies themselves. One of the main problems with these organisations is that they can become very forceful and aggressive when trying to sell something to people – making them feel slightly intimidated or threatened and feel like they must invest in the proposed service.
Organisations that involve themselves in Timeshare Selling Scams are clever in the way that they approach possible clients, they may have promised to buy you out of your timeshare or secure your release out of the timeshare, but what many people don’t realise is that this can often lead to further disappointment. Even though you may be under the impression that these people are doing their best to help you, in reality you are simply just adding to the despair and frustration that you are currently experiencing.
How to Avoid Timeshare Scams
Timeshare Scams have increased in recent years. If you already have a timeshare and are hoping to get out, you could be vulnerable and at a higher risk of being scammed. It is important to get clued up on how this can be avoided. Some of the main methods that scammers will use include: cold calling, on the street timeshare sales and misrepresentation.
It is important to note that we will never cold call you, along with many other officially registered companies, so if you ever receive a call from a company allegedly selling you a service which will get you out of your timeshare, either just say you aren’t interested or do your research before agreeing. When you suggest that this solution doesn’t appeal to you, these companies have a reputation of becoming quite assertive and forceful so if you have not requested the call, then put the phone down immediately and do not engage in further contact.
How Sarah Waddington Solicitors Can Help You
Sarah Waddington Solicitors are regulated by the Solicitors Regulation Authority and adhere to strict compliance guidelines. We pride ourselves on ensuring we deliver a professional service that our customers are satisfied with. Ensuring that you are offered secure trusted advice from an early stage is vital when dealing with and choosing a company to work with or buy from. You should always be thorough with anyone you choose to help you, whether that means asking several questions or doing some research before you commit, this is very important.
If you are looking to get out of your Timeshare legally and want to be sure that they are a dependable and authentic company, you can check if a firm is officially registered at www.lawsociety.org.co.uk. Even if you receive a call suggesting that these companies will be able to help you, it would be beneficial to you if you take 2 minutes and see if they are registered at the law society; this way, you can be sure that you are investing your time into a company that will be able to solve your problems.
Contact Us Today
At Sarah Waddington Solicitors, we are here to help. Contact us Today by calling us direct on 01924 675039 or emailing us on [email protected] Alternatively, send us a message and one of our timeshare experts will be in touch with you shortly.
What are the warning signs that a timeshare is a scam?
Although a timeshare seller, agent or broker might seem genuine with their convincing legal jargon, fancy website and professional branding, the truth is that those who orchestrate timeshare scams are often exceptionally good at faking legitimacy.
Here are some easy to spot and clear warning signs that people should be aware of when interacting with these companies or individuals.
- Promises of guaranteed financial returns with little to no risk
- Dismissive when asked for concrete proof, evidence or stats
- Investments are not registered with the regulatory body for the industry
- When questioned of details regarding the investment strategy, investors are dismissed or told that it is ‘too complex’ to understand or even a ‘secret’.
- Not being upfront about the exact purchase price and evading the question when asked
- Official documentation or paperwork is not available to the ‘investor’
- Removing money from the scheme is difficult if not impossible
- The hard sell is infamous amongst timeshare sellers who can even use tactics such as plying the investors with free foo, drinks and even accommodation to pressure them into signing contracts they don’t understand.
Be vigilant, take your time, never sign anything before getting it checked by a legal representative and trust your gut, if a timeshare deal seems too good to be true then the chances are that it is!
How can I protect myself legally when buying a timeshare?
If you aware of the potential timeshare selling scams but are still certain that you would like to invest in a timeshare, then there are certain steps that you can take in order to help protect yourself legally.
Ensure that you read all documentation, paperwork and contracts very carefully and pay particular attention to any fine print. Before signing you should have a clear understanding and written documentation of your;
- Total financial responsibility
- The total costs and what they cover such as fees, assessments and maintenance etc.
- Your options should you choose to sell at any point
- Legal rights and obligations pertaining to the country you are buying in
It is always advisable to seek advice from a professional timeshare lawyer who will be expertly qualified to help identify any potential issues with the deal.
- Your options for backing out of the sale should be made clear to you and each state, country or region can vary in your right of refusal or ‘right of recission’ period for the timeshare contract. This period is typically around 3-10 days and during this time allows the buyer to cancel after signing with zero penalties.
- If you do decide to cancel, be sure to send the letter of cancelation by certified / secure post, requesting a return receipt and signature upon delivery where possible. Keep all correspondence and records of cancellation in case you need them in the future.
Where can I get help for my timeshare issues?
Timeshare contracts can be extremely long, complex and diverse which is why people often feel out of options after spending a lot of time trying to resolve the issues themselves.
Whether you think you have been subject of a timeshare scam, were mis-sold a timeshare, are looking to get out of your contract or have a timeshare dispute then it is always advisable to seek help from a qualified professional. A solicitor who specialises in timeshares will be much be equipped and experienced in dealing with contract law and timeshare cancellations. Some timeshare companies are a lot more likely to resolve contract issues quickly when a solicitor is involved, rather than be faced with potential litigation.
Contact Us Today
Contact Sarah Waddington Solicitors today by calling us direct on 01924 675039 or emailing us on [email protected]. Alternatively Send us a message and one of our professional team will be in touch with you shortly.
Remember, there is no obligation to instruct us so contact us now for your free consultation.