Common Types of Timeshare Fraud and Misrepresentation
The allure of a dream vacation home, shared ownership in exotic locations, and the promise of luxurious getaways have made timeshares an appealing option for
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The allure of a dream vacation home, shared ownership in exotic locations, and the promise of luxurious getaways have made timeshares an appealing option for
Timeshare presentations have a reputation for being high-pressure events. The presenters and salespeople have a single-minded goal: to get you to sign a contract before
Last week, we published the introduction to an amazing story about a young family who was swindled into timeshare ownership during a pandemic. Not only did Edwin and Maria repeatedly reiterate their disinterest, they almost begged sales reps to leave. But instead of enjoying the remainder of their mask mandated vacation in Vegas, the family was met by another unrelenting offer.
Although a handful of people eventually resist timeshare work environments, many embrace the opportunity to make a lot of money. In turn, oftentimes they participate in unethical activity that hinders their ability to file wrongful termination or whistleblowing lawsuits should they lose their job.
Have you ever made a large purchase that turned out to be less than gratifying? How about a product that didn’t perform as advertised? In most cases, a consumer’s intuition is to return it –or at least making an exchange. But what happens when the purchase ends up being non-refundable due to a return policy that wasn’t promoted or ever explained?
Nearly every person that attends a timeshare seminar has been incentivised to do so. Whether they eagerly arrive for a free vacation or a simple voucher, most aren’t exactly interested in purchasing a vacation package for tens of thousands of dollars.
When travel bans and local restrictions cease, millions of tourists will be exposed to the ever-luring timeshare sale and thousands will be sucked into a presentation. It’s difficult to talk someone out of “the deal of a lifetime” when they believe it to be true. The point is, the only way to slow down the misinformed purchase of timeshares is to reach consumers before they’re sold.
If you were able to catch last week’s article, then you now know there is an endless list of lies that timeshares tell consumers. Nearly every timeshare complaint involves the initial transaction. Although we already covered most of the presentation’s tactical verbiage, there are lies that appeal to people – even after they say “No” numerous times. Whether buyers fall for any of the entry-level deception or not, one single lie can lead them down a confusing path of bad decisions.
While an initial “free gift” usually carries a lot of intrigue throughout the timeshare presentation, there are a number of ways sales reps manipulate information in order to convince susceptible consumers. Since we’ve written so many articles on the topic already, we thought it would be helpful to try to publish an article with a compilation of all the lies timeshare organizations tell.
Over the years, we’ve talked to thousands of vacation owners about their timeshare experience and the regret of the purchase as a whole. Whether it takes them days, months, years or decades to denounce the product, each tells a unique story.
Taking out a personal loan for a vacation ownership usually seems like a good idea after speaking to timeshare salespeople. Misleading promises during the presentation convince many that they’ve stumbled across a deal of a lifetime. Because of this, thousands of buyers borrow money in order to purchase somewhat of a mirage.
Nearly every victim of a timeshare sale is on vacation when they make the purchase. Because of this, many eventually regret it. While it’s easy to blame the ignorance of their decision on a gullible mindset and the euphoria of their travels, it’s important that we take a second to look at things from the timeshare owner’s perspective.
For decades now, millions of consumers have been talked into spending tens of thousands of dollars on a weekly timeshare vacation. While some are content with a simple trip to a familiar destination, others become consumed by efforts to make the purchase worthwhile.
When it comes to timeshares, the amount of time and money that goes into the sale is staggering. But it’s not because travel has become extremely competitive over the last decade. Instead of advertising intervals online, timeshare companies prefer to meet with timeshare prospects in a secluded environment they can control.
Our world is stuck in a time of despair. Since the wake of the Coronavirus, people’s livelihoods have been turned upside down. Local shops and businesses have been forced to close their doors and millions of Americans are living on pennies. Casualties have become eager to voice injustice.