Despite years of warnings, timeshare exit scams remain a costly problem for consumers nationwide. According to data from the Federal Trade Commission, thousands of complaints related to exit and resale schemes are filed every year.
Older Americans are particularly affected, often losing thousands of dollars in upfront fees to companies that promise quick exits but deliver little more than paperwork.
Source:
FTC – Timeshare Exit and Resale Scams
https://consumer.ftc.gov/articles/timeshare-resale-and-exit-scams
How These Scams Typically Play Out
The FTC says many exit scams follow a familiar pattern. Consumers receive unsolicited calls or mailers warning them that their timeshare has become a financial liability. Sales representatives then offer a guaranteed solution for a price.
After payment, victims may be instructed to stop paying their resorts, which can trigger collections and credit damage. In the end, many discover that their timeshare contract is still active.
FTC Advice for Owners
The FTC urges consumers to be skeptical of unsolicited offers, avoid upfront fees, and report suspected fraud promptly.
Report fraud:
https://reportfraud.ftc.gov
