Everyone has their very own opinion when it comes to timeshare topics. Some people love vacation clubs and timeshares, while other people seem ignorant to their benefits. However, you don’t have to be a timeshare fan or critic to enjoy this article. The main goal of this blog post is to help you to protect yourself from timeshare rental scams
Timeshare Rental Scams: What are the dangers?
Anytime a vacation timeshare rental tries to defraud someone from their money that they have worked very hard to get is just not right. If you find a fantastic resort that is privately advertising a timeshare week and you decide to go ahead and reserve that week for you and your family, you might be involved in a timeshare scam. You pay the timeshare rental fee, then you and your family set off for your vacation to only find that when you arrive to the resort you are told that the timeshare member that you rented your vacation from are behind on their timeshare maintenance fees or that week was not properly booked for you. This is a timeshare rental scam. There are other timeshare rental scams that involve very serious crimes that include credit card and identity theft. You should avoid these timeshare rental scams?
Tips to Protect Yourself from Timeshare Rental Scams
You can avoid timeshare rental scams by following these easy tips, and these helpful tips will also protect you from traditional rental fraud too:
- To make sure that your credit card information is safe and protected, you should only use websites that are reputable for timeshare rentals. You will want to make sure the rental agreement has a guarantee too.
- Generally, when any timeshare rental rates are considerably lower than other timeshare rentals, then this may be a sign that it is a timeshare rental scam.
- Always thoroughly research the timeshare rental resort to make sure the resort actually exists, then you should check customer timeshare reviews.
- If the timeshare rental asked you to wire them money directly to the renter of the timeshare or they ask you to make a cash deposit, then this is probably a scam, because a reputable timeshare rental will not ask you to do this.
- Never give out your personal information, which would include your social security number, credit card numbers, and checking information.
- Always double and triple check the timeshare company thoroughly to make sure that there is a booked reservation for you if you are the one that is renting the timeshare week, and you have permission to rent the timeshare week as a guest. You should also ask the timeshare company if you have to pay any additional money when you arrive to the resort and if there are any requirements that you should know.
Timeshare owners – rental scams
Last, but not least, timeshare owners are also affected by timeshare rental scams when they just want to rent out their timeshare weeks to people wanting an extraordinary vacation. There are bogus timeshare rental companies that charge people with an upfront fee to rent timeshare vacation weeks. When the timeshare rental companies have taken your money they don’t even promote renting out your timeshare week. If you would like to rent your timeshare, then you should only work with genuine and professional timeshare rental companies that only will charge a commission and they won’t charge you an upfront fee.
You can avoid timeshare rental scams by following our helpful tips.