The Better Business Bureau Warns Timeshare Owners

Transfer Smart reports on an article that warns timeshare owners not to be duped when selling their timeshares. The Better Business Bureau is advising families not to totally trust a company until you have done your research and determined their legitimacy. Many fraudulent firms have realized how desperate struggling families are in trying to lose their timeshares and use that to their advantage. 

The president and Chief Executive of the BBB, Steve Bernas, commented, "While timeshare owners are looking to lessen a financial burden, many holiday makers are not buying. Unfortunately, some sneaky timeshare resellers are taking advantage by deceiving actual owners in hopes of selling their timeshare quickly." 

Understanding the necessity for steering, the BBB offers the general public some pointers on the best way to notice companies who can't be trusted. First, always check to see if the business is a BBB Accredited Business or at least has a good rating and tiny purchaser beefs. Second, ensure the company is approved and always confirm the location of the company. Thirdly, understand all of the expenses associated with the service and always be suspicious of firms who charge an front-loaded charge for those are the companies that usually vanish after they receive their cash. Lastly, never fall for an offer that sounds too fantastic to be accurate. Spend a little bit of time to assume the offer over and fully understand the terms. 

With these tips, the BBB hopes that timeshare owners are better equipped to know how corporations are able to convince someone into buying a non-existent service.