News Releases & Consumer Advice
28.01.2009 - Trade Weeks Advice to Timeshare Owners
Timeshare Owners Beware
Tradeweeks.co.uk Europe’s largest wholesaler of timeshare re-sales to the trade warns consumers that following legislation from the European Parliament all reputable companies have now ceased the practice of “Cold Line” sales which involved the use of OPC (Off Premises Canvassers, more commonly referred to as “street touts”) this has caused a large number of the former OPC’s to open so called re-sale companies
Bogus companies
These companies are often not properly constituted and are often using merchant facilities (facilities to take your credit card over the phone) from other establishments which vary from pet shops to bars.
Very convincing for consumers
We have no doubt that in future you will be called by these companies who will attempt to convince you that they have a buyer at a very inflated price, they will then ask you to send them around £1,000.00 giving some convincing argument that you have to pay some form of taxation before the sale goes through, once you pay this fee, you will not hear anything for some time, they will not contact you, eventual you will contact them to be told “We are sorry, the sale fell through because of the credit crunch the purchasing consumer fail to pass finance” then at best you will sit on a list until you are willing to sell for very, very little or at worst and more likely it will be the last you hear of them.
Tradeweeks.co.uk Advice
- 1. Never pay an upfront fee, especially not over the phone.
- 2. Never believe anyone who gives you an unsolicited telephone call to say they have already sold your timeshare.
- 3. Never believe an offer that is anywhere near the price you purchased your timeshare for, this just does not happen.