How to look out for elderly relatives or friends
If you know someone who has been convinced or scammed into buying a timeshare, it might be a good idea to keep a close eye on them. This is particularly relevant if your friend or relative is elderly.
As we all know, older people are more vulnerable to scam artists. This is particularly the case when it comes to timeshare and the industry’s sales teams.
If an older relative or friend has already purchased a timeshare, they are extremely vulnerable to the timeshare resale scam. Timeshare resale companies will cold call timeshare owners with the promise of selling their ownership.
Unfortunately, the majority of these callers are part of a scam. Reputable companies will not have any need to cold call people.
If you know that your relative or friend has been receiving unsolicited calls, you can offer them some protection by explaining that these are scam companies.
In many instances, the older person will be invited to a presentation on the promise that their timeshare will be bought from them. This is a certain scam. At the presentation, they will be forced to sit through a sales pitch for a new ownership.
It will be promised to the elderly owner that the new ownership is far better than their original one and that one will be taken off their hands if they buy a new one. However, in the vast majority of cases this will not actually come about.
The owner will be left with their first timeshare as well as taking on a new one if they agree to purchase it.
It might be a good idea to discuss ways your elderly relative or friend can block calls from unrecognised numbers. You should always explain that they should never believe anything that a cold caller claims.
Stay vigilant with your friend or relative. If you can, encourage their close families to remind them that they are now targets for the timeshare resale scam. You should also reassure them that there is nothing to be embarrassed about. They are not the only ones to be scammed into buying a timeshare.
Here at Timeshare Help, we have seen thousands of people who have found themselves in the same position as your relative. It is something that people will keep finding themselves sucked into, often without even realising what they are doing.
If this has been the case for someone you know, recommend that they speak with Timeshare Help. We could offer them a way out of their timeshare contract without risking another purchase or losing more money.
We have a specialist legal team who will work with your relative’s club to get them released. If they can no longer afford their maintenance fees, we could have this terminated within a few weeks.
Timeshare Help has a dedicated team ready to help anyone who needs it. We don’t want to see anyone else being scammed into this industry. We also want to help as many people as we can avoid being taken in by the timeshare resale scam.
Call Timeshare Help today to find out if we are able to offer your elderly relative or friend assistance.