Unfortunately, there are a number of entirely legitimate industries which have slowly become infiltrated with a range of fraudulent groups. We’ve had all encounter them in one way or another, whether it’s receiving an email from a Nigerian Prince with a “unique opportunity”, an apparent phone call from your bank or perhaps the most infamous of them all, the timeshare.
You can read a little more information from Cheat Sheet about scams.
The timeshare was once one of the most popular ways to enjoy a holiday. Essentially, a timeshare requires part ownership, with individual owners being able to visit the holiday home once or twice a year. The main benefits include returning to the same beautiful location each summer and the fact that the longer you keep your share, the cheaper your holiday should theoretically become.
This industry has become populated with lots of different types of scams, from deviant sales teams to fake reseller agencies, leaving thousands of people out of pocket every year. Whether you currently own a timeshare or have considered it, it is, of course, important to be very well aware of the potential pitfalls that might await you.
Timeshare Consumer Association has created a very helpful infographic titled 5 Common Timeshare Scams & How To Avoid Them. In this piece, they cover all the scams you need to be aware of, whilst also offering actionable advice on how to avoid getting stung. Don’t just take our word for it, take a look for yourself below.
5 Common Timeshare Scams & How To Avoid Them [Infographic] | Timeshare Consumer Association