As timeshares have grown more popular throughout the years, more and more opportunistic scammers have rooted in this industry, using the hype to their own advantage. They have made up some elaborate schemes with increasing improvement to reel in the innocent and rob a good part of their cash. And demographics do show that there are high increases in timeshare-related crimes.
Variations
With this said, you have to be highly aware of the timeshare scams that may be pitching their way to your bank account. Most of these are borne out of telemarketing and the internet with a database that lists down former and current timeshare owners. And they give out irresistible prices so that they can seal the deal. A good pattern of this is they usually goad the clients to pay a certain amount of brokerage fees. And when you do pay the fee, theyll disappear out of thin air and so, of course, is your hard-earned money.
Another style on which these scammers use is that they inform you that youve won an additional holiday trip on top of your vacation. It can come in the form of a timeslot you can choose within a 12-month span. But the catch is: you have to reply with your...
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