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Tag Archives: timeshare

Timeshare Resale Scam Infographic

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The FTC gets clever and puts of a great infographic on timeshare resale scams. Get Out of Debt Guy – Twitter, G+, Facebook If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Read More »

How Can We Go About Selling Our Timeshare Without Getting Scammed? – Lisa

money down the drain

“Hello again Steve. I have another question. My husband and I own a timeshare with Shell Vacation Club. It was paid off in January of this year. The monthly maintenance fees are $74. We don’t use the timeshare that much and we are considering selling the timeshare. I’ve heard its very difficult to sell timeshares and that there are a ... Read More »

Should I Use GreenPath Debt Solutions and Sell My Timeshare? – Briana

Old rundown building.

“Dear Steve, I have $20,000 of credit card debt and I own a timeshare that I can use every other year. I am interested in looking for a path to be debt free and possibly sell my timeshare. I don’t know where to start, and I have heard that timeshares are difficult to sell. I have been researching my options, ... Read More »

Thinking of Selling a Timeshare? Be Careful. Deception by Marketers Still a Problem.

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The Federal Trade Commission today announced the owner of a telemarketing operation that deceived consumers who were trying to sell their timeshare properties is permanently banned from the timeshare resale and rental business, and from all telemarketing, under a settlement with the Federal Trade Commission. The settlement followed a court ruling that the company violated the FTC Act and Telemarketing ... Read More »

FTC Jumps in With Florida to Go After Timeshare Resale Deception

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The Federal Trade Commission and Florida Attorney General Pam Bondi brought legal action against a timeshare rental/resale telemarketing business and its owner for allegedly deceiving thousands of consumers throughout the country into paying up to $2,000 based on false promises that they had buyers or renters lined up for consumers’ timeshare properties, and then failing to deliver promised refunds. At ... Read More »

The Timeshare Canceled My Big Debt to Them. Now What? – Craig

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Hi all, I’ve been cleaning up the last of my debt over the past couple of years. I was planning to go and settle with a defaulted Timeshare at some point. But on Friday I received a 1099-C from the Timeshare canceling my $9500 balance on my debt. While on the one hand this is great news, it brings up ... Read More »

What Are the Options for Timeshare Owners Who Want Out? – Hollis

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I own a timeshare that I wish I didn’t own. I paid about $12000 cash for it – no debt – and have kept current on my quarterly maintenance payments of about $160. Without going into too much personal detail, the problem is – I’m probably never going to use it. And there are thousands of happy fools just like ... Read More »

“We Can Sell Your Timeshare” Scammer Get 10 Years in Prison

Darnell Disroe

Over the past few years, during this economic downturn, scammers have been promising consumers with timeshares, they could sell them. The vast majority of the time it was simply a scam to get timeshare owners to part with money for services, only to never really have their timeshare sold. One such crook was Darnell Disroe at Real Timeshare Marketing. You ... Read More »

Door Slams Shut on Timeshare Resale Scam by FTC

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At the Federal Trade Commission’s request, a federal district court has issued a temporary restraining order against a Florida-based telemarketing scheme that allegedly tricked timeshare owners who sought to sell their timeshare properties. VACATION PROPERTY SERVICES, INC.; VACATION PROPERTY SELLERS, INC. d/b/a Timeshare Experts; HIGHER LEVEL MARKETING, INC. d/b/a Vacation Property Services; ALBERT M. WILSON; DAVID S. TAYLOR and FRANK ... Read More »

My Husband is Ill. How Do We Get Out of This Timeshare? – Dorthella

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“Dear Steve, We have $30,000 in credit card debt. we are current and are making payments on all of them that will pay them off in 3 years. I have one credit card that I charge gas & groceries and pay off in full each month. We have a timeshare with Shell Vacation in California, it is a points system ... Read More »

FTC Takes Action Against Timeshare Resellers. And They Should.

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I don’t know what is worse these days, people selling timeshares, people buying timeshares or people claiming to be able to resell timeshares. Well the FTC just recently took action against some timeshare resellers who were out to inflict pain on consumers. I love the title for the press release from the FTC on this as well. Funny. Get Out ... Read More »

Consumers Should Exercise Caution When Selling a Timeshare Through a Reseller

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The Federal Trade Commission, the nation’s consumer protection agency, offered these tips for people who seek to sell their timeshare through real estate brokers and agents that specialize in reselling timeshares: Even if the salesperson claims the local market is “hot,” or his office is overwhelmed with buyer requests, don’t agree to anything on the phone or online before checking ... Read More »

Finally, More Action Against Timeshare Resale Companies That Screw Desperate Consumers

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Attorney General Bill McCollum today announced that his office has filed lawsuits against three Florida companies, alleging the companies and their owners used deceptive and unfair practices that enticed consumers to spend hundreds of dollars to advertise their timeshares for resale with the companies. All three lawsuits are seeking restitution for affected consumers as well as court orders prohibiting the ... Read More »

A Company Has Offered to Take Back Our Timeshare. Is This Legit? – Allison

Timeshare Resale

“Dear Steve, We have stopped paying our time share payment since 12/09. Previously, we tried communicating with the company to recind the contract for the bottom line: this was a bad business deal we have paid on for over 7 years. A collections manager has contacted us from this company stating that we can forfeit the timeshare back as a ... Read More »

Stuck in a Contract: What to Do Before and After You Sign up for Clubs (Health/Timeshare/Camping/Travel)

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Whether you’re planning an excursion to the Virgin Islands, negotiating a timeshare in Vermont or thinking about getting into shape by joining a health club, the contract you sign will determine the rules you have to follow throughout the entire term of your agreement. Reading carefully before you sign will help you to avoid problems later. Generally, most contracts can ... Read More »

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