Companies lure potential customers with free stays at a timeshare in exchange for the client agreeing to simply sit through a timeshare presentation. However, problems may arise once you agree to buy the property. Timeshare scams range from hidden booking or maintenance fees to more extreme cases, such as companies suddenly going out of business once they secure your hefty deposit, leaving you without a timeshare.
Warning signs - How to protect yourself
- Do not sign a contract or any document at the presentation. Allow yourself the opportunity to consider the offer.
- Check for complaints registered against the timeshare company before attending its presentation. Cancel your meeting if there are grievances filed against the company.
Canadian Anti-Fraud Centre
Competition Bureau of Canada
Ontario Provincial Police
Financial Consumer Agency of Canada
Better Business Bureau
(BBB Locator Tool)
Fraud: Recognize, report and stop it!
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