lunes, 9 de marzo de 2015

Timeshare Donation Scams

When trying to get rid of a timeshare, many options come out to the surface; one of these options is timeshare donation. The big question is: is doing a timeshare donation a viable option? The reason why people consider this choice is because of the possibility to receive a tax deduction.  What people should know first is that you don’t get a tax deduction immediately, before that, the donation company has to sell the timeshare first for a profit, like it is mentioned on the article Timeshare Donation To Charity - How To Proceed?
The truth is that foundations and organizations rather not take a timeshare as a donation, since they will have pay all the annual fees timeshares come with, and it ends up being more a wasteful expense than something beneficial.  In the following we’ll describe how to detect timeshare donation scams.

Timeshare Donation Scams – How to detect them

Timeshare donation scams can be easily detected if you notice any of the five details we will now enlist:  a consignment basis
a)      Upfront Fee:  Timeshare donation should not cost an upfront fee! This is also mentioned on the article Timeshare cancellation or donation should not cost you upfront! Asking for an upfront fee is a very frequent tactic used by scammers of the timeshare industry to get people’s money. Timeshare donation scams are not the exception.
b)      Consignment Fee: Several companies charge a fee to release you from your timeshare. The truth is that they’re trying to sell the timeshare on a consignment basis, which means that if they don’t find a buyer soon enough to make a profit, they won’t refund to fee you paid and they will return you your timeshare, with all the responsibilities.
c)       Tax deduction scams: In order to attract victims, timeshare donation companies claim that you can deduct more money from your income tax return for a timeshare donation than you actually can.  To be honest, the tax deduction you get is only applicable to the timeshare resale value (in case the timeshare is sold), and most timeshares real resale value is not over $500.00 USD, like it is said on the article Timeshare Charity Donation.
d)      Lead Generators:  Beware what you are submitting to. There are timeshare companies that pay an average of $25.00 USD per lead that is generated when someone submits information on a lead generation portal, but most of these websites land pages for lead generation brokers.
e)      Look-A-Likes:  You need to be careful on this one. There are timeshare donation companies that stole articles from other companies and use their original content in order to make their website look serious and reliable.

Timeshare Donation Scams –Tips to avoid them

Timeshare donation scams are very common and costly. Therefore, you have to be extremely cautions. If you detect any of the details we mentioned on the last paragraph, it is likely that you’re being a target for the timeshare donation scam company. Follow the next tips to protect yourself from getting scammed:
1.       Never – ever pay upfront fees: That is a gold rule. There are people who have been scammed more than once with the same trick. By now we should know that paying an upfront fee is not an option.
2.        Make a research on the company: Do not be so credulous. Always look for some reviews of the company and ask as many questions as possible.  The Better Business Bureau it’s a great site to provide you information.
3.       Consult with an expert: If you want to get rid of your timeshare, consult with an expert on timeshare matters what options you have and which one is the best for you.

 Timeshare Donation Scams – The real solution

We’ve mentioned this before on the article Donate Timeshare Scam. Timeshare donation is not really a solution and you’ll be exposed to be a victim of one of the many timeshare donation scams.  Canceling a timeshare is the most viable option to get rid of your property. In Mexican Timeshare Solutions we provide you a free consultation on your timeshare matter, and we don’t ask for any upfront fees until your problem is solved. Contact MTS for a free advice and relief yourself from future payments and debts.

Information to Share

If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?
  • Share this link http://www.timesharescam.com/blog/113-timeshare-donation-scams/ on your favorite blogs and forums
 Leave your comment below and share your opinion with us. To know more about timeshare scams visit How much is my timeshare worth?
Publicado por en No hay comentarios:

Timeshare Debt Collections? Can The Resort Affect My Credit Score?

The main reason people stick to their timeshares is because they are afraid that the resort willaffect their credit score if they stop paying for it. Learn the possible outcomes you, as a client, have to cancel your timeshare but also protect your credit score at the same time.

Are you no longer able to afford your timeshare?

     Many clients contact us because they have had a change in their financial situation, such as a loss of employment, or sickness in the family, and they cannot afford to pay the amount agreed upon in their contract or promissory note. In other cases, the timeshare was sold in a fraudulent manner and the client was not fully aware of all of the fees that would be involved for the monthly payments, maintenance fees, special assessments, or other additional fees when using the timeshare.
Each situation and contract is different; however, if you do not make the payments, the timeshare developer will likely take you to collections after you miss your first payment. They may report you to the Internal Revenue Service (IRS) or Canada Revenue Agency. This can ultimately affect your credit score, making future financial investments very difficult.
They are several rumors that if the timeshare was purchased in Mexico, collections agencies are not able to affect your credit in the USA or Canada. This is not true. If you have signed a valid contract and/or promissory note with a timeshare developer, you have an obligation to pay them until the balance is paid off of the purchase price, or to pay the annual fees for the time period outlined in the contract.
A common method of payment for timeshares is by credit card. Upon realizing that they do not want the timeshare anymore, people will dispute the charge with their credit card. Many times the initial dispute is won, and the charge will be credited back to the credit card. Even though the dispute has been won with the credit card company, you can still be taken to collections as the resort will state that they have a valid contract and request another form of payment.
If you default on your payment, you may receive correspondence in the form of mail, emails or telephone calls from collections agencies such as Concord Servicing Corporation, Resort Recovery Solutions, Monterrey Financial Services, or Textron Financial Corporation. They will try to contact you through every avenue possible to collect the debt owed. Some clients have even commented that they have contacted them at their work and on all their cell phones, including their teenage daughter’s cell phone. They can be very aggressive in their collection tactics, almost verging on harassment, making an already difficult situation even more uncomfortable for the client.
In order to ensure that the collections agencies are effective, the resorts only pay them on a contingency basis. As such, the collections agencies only get paid if they are able to collect from the client who is in default of their payments. This causes the debt collectors to be more ruthless in their collections tactics as they want to ensure that they are not wasting their time and get paid for their services.
As a consumer it is very important that you are aware of your rights and the laws and acts put in place to protect you from harassment by collection agencies. The Federal Trade Commission, the consumer protection agency in the US, is responsible for enforcing the Fair Debt Collection Practices Act (FDCPA), which prohibits debt collectors from using unfair, abusive or deceptive practices in their collection efforts. There are several restrictions placed on debt collectors; however, as an educated consumer, it is important to know what they can and cannot do so they you can ensure that they are following legal protocol.
For example, debt collectors are not permitted to call before 8am or after 9pm unless you have agreed to speak to them at that time. They are not permitted to call you at work if you have advised them, orally or in writing, that you cannot receive calls there. These are just a couple of examples of the restrictions outlined in FDCPA.
Even if you are a true victim of timeshare fraud or you feel your contract is invalid, the timeshare company can take you to collections if you fail to make payments.  In order to avoid being taken to collections and damaging your credit score, it is very important that you properly cancel your contract with the resort before stopping to make payments.
If you hire the services of Mexican Timeshare Solutions, we will work hard to ensure the smoothcancellation of your timeshare contract, and while we are working on your case, you can stop making payments to the resort. This is the benefit of working with an experience, reliable, and trustworthy firm to handle your case.
Cancel your contract today and avoid the stress of being taken to collections!

 Information to Sahre

If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?
  • Share this link http://www.timesharescam.com/blog/76-collections-can-the-resort-affect-my-credit-score/ on your favorite blogs and forums.

Leave your comment below and share your opinion with us. To know more about timeshare scams go to: How much do timeshares cost?
Publicado por en 1 comentario:

Timeshare deals and promotions

Timeshares are one of the best-selling products in the hospitality industry. There are thousands of units available and millions of people have bought one. However, timeshares have been hardly criticized due to the high-pressure tactics that are used by the salespeople to sell the properties.
To improve their reputation, many timeshare companies, along with some travel agencies, have launched in the market numerous timeshare deals and vacation packages in order to attract new prospect buyers.

Timeshare deals

Timeshares deals are cheap travel offers and vacation packages (sometimes even for free), that usually go from 2 to 5 days.  What makes these deals attractive are the prices, which are way lower than the ones from the competition.
These types of promotions always pop up when looking on the internet for cheap vacations and travel discounts, but they’re not only on the internet, just turn on the television, check your mailbox and your email address, and you’ll almost certainly find more of them.

Last minute timeshare deal!

You probably have heard of these sorts of timeshare promotions before. Why would a timeshare resort give you a free weekend in a wonderful destination for free, or for a very low price? The answer is simple: because there will be some strings attached.
That means that you will have to sit through one of their timeshare presentations, and their main goal is to get you to buy a timeshare ownership.
These cheap vacations and free weekends aren’t always a bad deal, but before going to one of them, we suggest you to follow the following tips:
  • Trust your gut. If the offer sounds too good to be true, it probably is.
  •  Do not get too comfortable. The timeshare salespeople may be very nice and friendly, but remember that they’re just doing their job, and their job is to get you to sign a timeshare contract.
  • Do an internet research on the company before embarking on the promotion, search for complaints and cases of fraud. Remember, Google is your friend.
  • Do not accept any alcoholic beverages during the presentation. You need to listen to the sales pitch with seriousness.
  • Ask for everything in writing.  The promises might sound very tempting, but are they for real?

Five signs that spell S-C-AM

Timeshare deals are not always legit. These are some signs that spell scam on a promotion:
  1. “Fees in advance” – Lots of companies claim they will give you a free vacation… after you give them an upfront fee. Most of these companies disappear once you send them the money.
  2. “Special offer” – Most times, the word “offer” means that many extra fees will be charged
  3. “Subject to availability” – Surprise! There is no availability in any of the hotels that you want to stay at, and there are many other restrictions in order to get the deal done.
  4. “Popular hotel” – They  claim you will get to stay at a “popular hotel” but they do not reveal the name of the company
  5. “You have won a free vacation” – Did you actually enter a contest? Almost 100% of these notifications are a scam, since most of them do not include any information about the companies behind the deal.

Gee, I got caught!

There is nothing to be embarrassed about becoming a victim of these sorts of timeshare scams. Many people have fallen for these timeshare deals, but the good news is that there’s a way out in case you ended up buying a timeshare. However, it is still very important to do an internet research on the company before making any kind of deals with it.
At Mexican Timeshare Solutions, our goal is to assist timeshare purchasers who feel they were scammed or taken advantage of by fraudulent salespeople and deceptive sales practices.
MTS is a legitimate company with an A rating on the BBB, our associates have several years experience in the timeshare industry and are successfully able to resolve timeshare scam cases in an ethical and professional manner.
Contact MTS today for a free consultation and get rid of the financial burdens that your timeshare gives you. 

Information to Share

If you liked this article, please help us to share this information to more people in order to avoid more timeshare scam victims. How?
  • Share this link http://www.timesharescam.com/blog/162-timeshare-deals/ on your favorite blogs and forums

Leave your comment below and share your opinion with us.Have you received any timeshare deals lately?To know more about timeshare deals visit:

Publicado por en 1 comentario:

Timeshare Complaints: The Top Five.

Timeshare reviews are full of complaints. Learn the most common ones and avoid becoming a timeshare victim; as soon as you hear these lies told usually in sales presentations, say "no, thank you" and walk away from the sales rep.
Selling fraudulent timeshares in Mexico is becoming a common practice as is becoming harder to reach the goals timeshare managers have every month.
The following is a list of the 5 most common timeshare complaints. Please share this information with others to prevent your friends and family from falling victim to timeshare scamsin Mexico.

Timeshare Complaint #1 - Guaranteed Rental Income

The most common timeshare complaint is the promise of guaranteed rental income for timeshare weeks. Many clients are enticed into buying a timeshare, or buying a larger package than they need or can afford, because the salesperson presents the timeshare as a financial investment. The salesreps claim that the client’s timeshare weeks will be deposited into their marketing program and rented out by them.
In reality, after the client has purchased and returned home, they are referred to an outside rental agency. The rental agency will charge an upfront fee to list the property. The timeshare weeks are typically never rented, and when the client tries to contact the rental agency or the timeshare resort, their calls and emails are ignored.

Timeshare Complaint # 2 - Guaranteed Resale of Previously Owned Timeshare

Most vacationers who already have a timeshare membership are not interested in purchasing another membership due to the high maintenance fees involved in timeshare ownership. The salespeople are very aware of this, and as a sales tactic, they promise to resell, trade in, or do an equity exchange for the previously owned timeshare in order to subsidize the purchase of a new timeshare contract.
Some organizations will create an equity exchange agreement. The client believes that the resort will take over their old timeshare, which means that they will no longer be responsible for paying the maintenance fees. Other resort refer clients to an outside resale agent. The resale agents draft up a contract stating that the sale of the other property will be completed in 90 – 120 days. Within this time period, the timeshare resort tries to offer incentives, such as discounts, if the client pays for the timeshare in full. This is because they are aware that the previously owned timeshare will not sell, but they still want to ensure that the client remits their full payment. The promised of a guaranteed resale or trade in of an old timeshare is one of the most financially detrimental timeshare complaints because the client is left buying a new membership, without the profit from the old membership, and has to pay maintenance fees on both properties.

Timeshare Complaint # 3 – False Annuity Programs

Some timeshare salespeople claim that the resort has relationships with major banks that will offer an annuity program. The timeshare salesperson claims that if the purchaser pays an additional 5% of the timeshare purchase upfront to an outside organization, the purchaser will get the benefit of the use of the timeshare, and receive the entire purchase price of the timeshare back at the end of the contract from the annuity program. This is another ploy to ask for upfront fees for a service that does not exist.

Timeshare Complaint # 4 – Maintenance fees increase continously

Another common timeshare complaint is the verbal promise that the maintenance fees are fixed and will not increase for the life of the contract, essentially, locking in the cost of the vacation. Unfortunately, this claim is not true, and the timeshare owners find themselves responsible for maintenance fees that increase far more rapidly than the rate of inflation. The increasing costs of maintenance fees, coupled with the affordable online travel deals available today, negates any benefit of owning a timeshare. In fact, taking a vacation to a timeshare resort is often more expensive, when you factor in the flights, maintenance fees, food etc. than booking an all-inclusive deal to the same resort online.

Timeshare Complaint # 5 – Special Assessments fees

Increasing maintenance fees are not the only timeshare complaint that owners experience. Some timeshare resorts are also implementing special assessments every 5 years or so, which in effect, double the maintenance fee for that year. The timeshare resorts claim to be using the special assessment for special projects or to cover costs incurred by unexpected circumstances; however, most of the resorts that are imposing special assessments do not have valid reasons to do so. If you have been sent a bill for a special assessment, ask the resort to clearly outline each expenditure that it will be used for, as well as how your maintenance fees were spent. If it does not seem valid, contact Mexican Timeshare Solutions for a free assessment of how we can help you to cancel your timeshare contract.
If you have experienced any of the above timeshare scams, do not hesitate to contact usat Mexican Timeshare Solutions. We help clients with all types of timeshare complaints to cancel their Mexican timeshare contract and recover their hard-earned money. Contact us today for our free advice on how we can help you to resolve your timeshare complaint.
If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?
  • Share this link http://www.timesharescam.com/blog/66-timeshare-complaints-the-top-five/on your favorite blogs and forums
Leave your comment below and share your opinion with us. To know more about timeshare scams go to: Timeshare Cancel Professionals
Publicado por en No hay comentarios:

Timeshare Companies: The truth about them

Timeshare companies – The beginnings

Timeshare companies started their operations in the United States back in 1974. The concept was well accepted by many entrepreneurs due to the big profits they could make, being that they could sell a room more than once to different owners. Then in the late 1980’s, several timeshare companies started to run in Mexico, Canada and other countries in America. 
Timeshare scams have been around since the beginning of the timeshare industry, but these frauds weren’t well known until recent years. What happen is that before there were not as many timeshare laws and regulations as there are now (as you can see on the article get out of a timeshare legally so many of the owners just resigned to the fact that they had to keep the timeshare they bought without thinking.

Timeshare companies – The complaints

What people complaint the most about timeshare companies is that it is nearly impossible to re-sell the unit, unlike what they were told by the salesreps. That means, once they signed the contract is like making a pact with the devil due to the enormous difficulty to give the timeshare away, in fact, many times the owner ended up losing more money being ripped off by severaltimeshare resale scam companies that are in operation.
Another common complaint is that the units are frequently overpriced.  Timeshare companiesask for ridiculous amounts of money for a property you don’t even own entirely. 
One more criticism is the maintenance fees. Owners are bound to pay expensive fees every year, even if they don’t use their timeshare weeks, and the worst part is that the fees keep increasing year by year, and this is also mentioned on the article timeshare complaints, among others.

Timeshare companies – The truth behind the big numbers

There are close to 7 million families in the world who own a timeshare. The global timeshare sales are over eight thousand millions of dollars per year, but the truth is that more than 50% of those families are struggling to get rid of their properties. Timeshares companies use high-pressure sales tactics to make people sign the contract, more of these sales tactics are described on the article Timeshare salespeople.
 The salesmen consent the potential victims with lots of free gifts, such as meals, tours and even cash. After the “guests” feel comfortable and relax, the sales work begins by lying to them, telling them that getting a timeshare is a fabulous investment and if it comes a time when they don’t want the unit anymore it’s an easy task to resale it. The cordiality is gone.

Timeshare companies – Their biggest hurdle

Nowadays is becoming a harder challenge for the timeshare companies to maintain their timeshare sales increasing. People are gradually realizing that getting a timeshare is not a good deal nor an investment and that is a big hurdle for the timeshare companies, so they target people who probably don’t have much access to internet or any other kind of information. Also, they use alcohol as an incentive in their timeshare presentations in order to get the guests alcoholized. Trying to convince to buy a timeshare someone that is under the influence of alcohol is a lot easier than convincing someone that is not and can think objectively.
 We’re not trying to tell you not to buy a timeshare ever, but we want you to be conscious about what timeshare companies do to keep increasing their profits, without caring for the consumer’s rights. We receive calls every day from people who have been scammed by a large list of timeshare companies and are desperate to solve their timeshare issue. At Mexican Timeshare Solutions we offer you a free advice on your timeshare matter without charging any upfront fee.  Getting out of timeshare is viable and possible; you just have to contact us today and be prepared to give your timeshare away and finally relief yourself.

Information to Share

If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?
  • Share this link http://www.timesharescam.com/blog/115-timeshare-companies/ on your favorite blogs and forums

To know more about Timeshares visit: Free Timeshare: The Trap behind the Offer
Publicado por en No hay comentarios:
Suscribirse a: Entradas (Atom)