Timeshare Consumer Protection

One of the biggest scams to hit American consumers in recent years involves timeshare exit scams taking millions of dollars away from unsuspecting consumers. When a once treasured vacation timeshare becomes an unwanted liability, it opens the door for rip-off artists. You may have seen print ads, received emails and unsolicited phone calls, heard the radio spots, and may have even seen TV spots touting the services of a timeshare exit expert.

Most of these are scams and they are preying on a key demographic…senior citizens. In many cases, these scams are also impacting their children.

Proof that this has become a financial crime epidemic can be found in the February 2020 Consumer Report issue which documents the many different types of timeshare exit scams.

In response, the Association of Real Estate License Law Officials (ARELLO®) and the American Resort Development Association (ARDA) have teamed up to provide information regarding timeshare exit scams and offer easy and inexpensive ways to exit a timeshare. The exit scammers are collecting thousands of dollars for false promises, when in fact most timeshare owners can get out of their resort commitment by contacting their resort manager and paying a small paperwork fee.

 
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