Timeshare Trap

Timeshares are one of the worst investments you can make. This journal is to inform people who are thinking about purchasing a timeshare not to do so and help those trying to get rid of their timeshare.

Sunday, January 01, 2006

Timeshares In India

Our Comments: Even in far off places like India, timeshares have a bad reputation. There is only one reason why timeshare owners have to put on the hard sell. It's simply because if they didn't, nobody would buy. They would look at all the facts and see that timeshares aren't the deal that the seller says they are. I doubt I get many readers from foreign countries here, but no matter where you live, timeshares are to be avoided.


...Many clients have said that the sales talk has been so smooth or the brow-beating so systematic, that they have parted with a substantial sum of money needed for investment only to come home and realise that they have been conned. The contract states that deposits given will not be returned. In some cases, when people have tried to escape the net by stating that they have not carried their credit cards or cheque books with them, the timeshare company has sent an executive with them in the company’s car to secure immediate payment.

There is the danger of the owners of timeshare resorts exposing the amount collected through sale to financial hazards. Many owners have burnt their fingers in speculative investments, and find it difficult to maintain their properties. A vacation for a customer then becomes a nightmare.

Many timeshare companies have collected money from clients and never been able to either set up the resort or have set up a system far inferior in quality and quantity to what was promised to the consumers. Consequently, when the client wants to go to the resort, either it is overbooked, or the facilities are sub-standard. In some cases, the resort is non-existent.

Most timeshare companies also sell premises to travellers, like in hotel. Customers with cash are welcome. There are many complaints that exchanges are not available easily for genuine customers who have made payments upfront while buying the timeshare, but casual travellers get a booking three days prior to check-in...Full Article


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