Beware of Timeshare Scams: Protect Yourself from Fraudulent Calls
Timeshare owners, beware! There is an alarming rise in fraudulent calls from non-regulated companies targeting timeshare owners. These unscrupulous entities are falsely claiming that you are still contractually bound to your timeshare, even if you’ve relinquished it, or that you owe outstanding fees that must be paid immediately, or else the bailiffs will be at your door. It’s crucial to be vigilant and cautious, as these calls are likely to be scams. In this article, we’ll shed light on these deceptive tactics and provide you with guidance on how to protect yourself from falling victim to such scams.
The Scam: A Closer Look
Timeshare owners have been receiving calls from dubious companies that falsely assert the following:
- Contractual Obligations: Scammers claim that you are still bound by your timeshare contract, even if you have already taken steps to relinquish it.
- Outstanding Fees: They insist you owe unpaid fees that must be settled immediately, or legal action, such as sending bailiffs, will be taken against you.
These tactics are designed to create panic and pressure you into making hasty decisions or payments. Scammers prey on individuals who may be unaware of their rights and responsibilities regarding timeshares.
Spotting the Red Flags
To avoid falling victim to these scams, it’s essential to remain vigilant and recognise the warning signs:
- Unsolicited Calls: Most legitimate timeshare companies do not engage in cold calling. If you receive an unexpected call, especially from a non-regulated company, be cautious.
- High-Pressure Tactics: Scammers often use aggressive tactics to create a sense of urgency. They may insist you act immediately, without giving you time to verify their claims.
- Demands for Immediate Payment: Legitimate timeshare companies typically send written notices or invoices for unpaid fees. Be sceptical of anyone demanding immediate payment over the phone.
- Unverified Claims: Request specific details, such as the name of the company and the representative’s name and contact information. Scammers may avoid providing this information or give vague responses.
- Verify Your Status: If you’ve already taken steps to relinquish your timeshare, confirm the status with your timeshare management or legal professionals before taking any further action.
Protect Yourself: What to Do
If you receive a suspicious call from a company claiming that you are still contractually bound to your timeshare or owe outstanding fees, follow these steps to protect yourself:
- Do not share personal or financial information over the phone. Scammers can misuse this data for fraudulent purposes.
- Ask for written documentation. Request any claims or demands in writing, which can help you verify their legitimacy.
- Consult a Legal Professional: If you have concerns or doubts about the legitimacy of a call, contact a legal professional with expertise in timeshare matters, such as Sarah Waddington Solicitors, a timeshare specialist.
- Report the Scam: If you believe you have encountered a fraudulent call, report it to the appropriate authorities, such as your local consumer protection agency or the police.
Timeshare owners, beware of fraudulent calls from non-regulated companies claiming that you are still bound by your timeshare contract or owe outstanding fees. These calls are often scams aimed at pressuring you into making payments or taking actions you don’t need to. Stay cautious, ask for written documentation, and seek legal advice if you have doubts. Remember, Sarah Waddington Solicitors is here to assist timeshare owners with their concerns and provide expert guidance. Protect yourself from these deceptive tactics and avoid becoming a victim of timeshare scams.
Sarah Waddington Solicitors
Sarah Waddington Solicitors do NOT work with any 3rd parties and are not working in partnership with any other companies. If you are told otherwise, please get as much detail as you can and forward it on to us. We will deal with it appropriately.
If you want any assistance please feel free to get in touch with us on 01920 499 481, or request a call back
Finally, remember any genuine solicitor will be extremely careful to manage a client’s expectations. They will be honest and realistic with what could possibly be achieved in regard to your individual case. If someone claiming to be a lawyer or solicitor has been in contact, be sure to do your research and check if they are regulated by the SRA and if the individual is registered as a solicitor.