Consumer Alert: Telemarketing Scams
January 18, 2019
Unfortunately, scams and fraudulent activity are a part of life. Recently, fraudulent telemarketing targeted at timeshare owners has become more prevalent. Often times, fraudulent companies will contact timeshare owners claiming to be from a legitimate management company wanting to rent their timeshare.
Some examples of these telemarketing scams from a recent
by RCI include a caller claiming to be contacting
owners about their recent or past timeshare vacations, a caller
asking owners to take a survey regarding their timeshare
ownership, a caller offering owners "bonus weeks" for renting
their timeshare, and a caller posing as a timeshare company
representative claiming that they have weeks left over.
Here's what to look for when identifying a potential
telemarketing scam related to the timeshare and exchange
Exercise caution and do not pay anything upfront
Chances are if something sounds too
good to be true, it probably is. If someone offers you a lot of
return for very little investment, be cautious. Fraudulent
telemarketers will often try to get you to pay for something
before you have used it...don't. Do not give out personal
financial information over the phone.
Be curious and ask plenty of questions. Fraudulent telemarketers
will not be able to answer questions as in-depth and with as
much knowledge as your actual management company can. Ask
questions and if you are skeptical of any offer, do not feel
pressured to accept it.
Know your rights
do-not-call rules exist, these fraudulent companies will call
you in violation of them. If your phone number is on a
do not call
list and a fraudulent company calls you with a bogus offer
anyway, you may be able to file a complaint against the company
with federal and/ or state regulators.
Thoroughly vet the offer
Again, if someone calls you with an offer about your
timeshare that you have any doubts about, do not hesitate to
check it out and do your research. Check various business
complaint websites, the Federal Trade
, and the
American Resort Development Association