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All you need to Know About Timeshare Rental Scams

All you need to Know About Timeshare Rental Scams

Timeshare rental scams are responsible for taking hard earned money from unsuspecting clients. There are many ways to protect yourself from timeshare rental scams, as you will see below.

What does a timeshare rental scam look like?

Imagine that you have found an advertisement for a private timeshare week rental and you have decided that you want to rent that week for your family’s vacation? You contact them, then you decide to reserve the rental and pay your money. You and your family are excited for your vacation, then you arrive at the resort where you are told that the timeshare member hasn’t paid their maintenance fees or the week that you paid for wasn’t reserved for you and your family. There could be many different reasons, but the fact is the timeshare rental week that you reserved is not valid.

There are also other types of timeshare rental scams that involve stealing identities and credit card information.

Timeshare Rental Scams Protection

Follow the simple steps below to avoid any timeshare rental scams and rental frauds. Look at the steps below:

  1. Go to official websites for timeshare rentals, so your credit card information is fully protected. Make sure the timeshare rental comes with a rental agreement and guarantee.
  2. Anytime the timeshare rental rates are considerably lower than others than this is a clear sign of a timeshare scam.
  3. Do research on the timeshare resort and always check timeshare reviews.
  4. If the timeshare rental asks that you wire money or make a cash deposit to the renter instead of using the proper platform for payment, then this is more than likely a scam.
  5. Refrain from giving out any personal information such as credit card numbers, bank account passwords, social security numbers, and any other personal information.
  6. If you have reserved a timeshare week, then double check with the timeshare company to make sure that person that you rented the week from has authorized you as a guest for that week.

I’m a timeshare owner who wants to rent my timeshare

True timeshare owners are being affected by timeshare rental scams as they are just wanting to rent out their timeshare weeks to people looking for an amazing vacation. There are timeshare rental agencies that are bogus agencies that charge true timeshare owners an upfront fee just to rent out their timeshare week, and unfortunately, when these agencies have your money they never promote renting your timeshare week. If you are really wanting to rent your timeshare out, then you should look for a company that only charges a commission and no upfront fees that are costly.

This is all you need to know about timeshare rental scams.

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