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Tennessee Consumer Affairs says Don’t Let Timeshare Scammers Leave You Without a Vacation
Posted By Clarksville Online News Staff On Monday, July 23, 2018 @ 2:00 pm In News | No Comments
Nashville, TN – If you’ve gone on vacation in a resort-populated area, it’s likely you’ve been offered to join a timeshare seminar. With vacation season in full swing, the Tennessee Department of Commerce and Insurance’s (TDCI) Division of Consumer Affairs is offering tips to help consumers avoid common scams and potentially unfair or deceptive sales tactics involving timeshares.
Vacation timeshares give you the right to use a vacation home for a limited, planned period throughout the year. The salesperson might suggest that the property is a wise investment, that it yields beneficial tax consequences, or that the company will help with renting it if the consumer is unable to use the property. As many people have discovered the hard way, this is not always true.
In 2017, timeshares ranked as the Division of Consumer Affairs’ fourth highest complaint category, with 274 complaints received. The most common complaints reported high-pressure sales tactics, misrepresentation of the contract, and resale scams.
“Timeshares are attractive because they provide an easy way to vacation,” said TDCI Commissioner Julie Mix McPeak. “While many consumers love their timeshares, and there are a number of reputable timeshare companies, it is important to check out the business and carefully review the offer before committing.”
TDCI’s Division of Consumer Affairs offers the following tips for consumers who are considering buying a timeshare:
Do you currently own a timeshare? Be on the lookout for timeshare resell scams. These schemes often start when telemarketers call offering to sell or rent the owners’ timeshares in exchange for an advertising fee.
Once the owner gives the telemarketer his or her credit card information, hundreds or thousands of dollars are then charged on that card. The timeshare goes unrented and its owner never again hears from the telemarketer.
TDCI encourages consumers to consider the following tips to help avoid timeshare resell scams:
If you feel you’ve been treated unfairly by a timeshare company, file a complaint with TDCI’s Division of Consumer Affairs at tn.gov/consumer . Timeshare and timeshare resale scams can be reported to the Federal Trade Commission  and the Better Business Bureau .
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URL to article: https://www.clarksvilleonline.com/2018/07/23/tennessee-consumer-affairs-says-dont-let-timeshare-scammers-leave-you-without-a-vacation/
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 Federal Trade Commission: https://www.ftccomplaintassistant.gov/
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