News Formal

Travel on the mind this summer? Watch out for predatory timeshare, exit companies

  • 📰 fox7austin
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

A recent study by the Better Business Bureau found that ‘high-pressure sales’ and ‘deceptive exit schemes’ can infiltrate the timeshare industry.

found that ‘high-pressure sales’ and ‘deceptive exit schemes’ can infiltrate the timeshare industry.

"This isn't something that's kind of ‘once in a blue moon.’ This happens quite often," said Devin Benavides, regional director for the BBB serving the Heart of Texas. Red flags can include pressure to make a decision quickly or referring to ownership as an ‘investment.’ Potential buyers should also recognize the full cost may often be hidden, for example, the frequency of the fees or additional costs like maintenance.

Predatory companies may also use amenities, or even the address, from a nearby, but unaffiliated vacation club, to make it sound like the buyer is getting more for their buck than they are. "Anybody that's going into this needs to be aware of the fees that can go into keeping up with a timeshare and then selling a timeshare," said Benavides. MORE 7 ON YOUR SIDE COVERAGE:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 594. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Future Of Business To Business Banking: Fintech 50 2023Whether it's corporate credit cards, home improvement loans or travel expenses, these 10 companies are shaking up the banking establishment—even as the industry faces bouts of crisis. Fintech50
Source: Forbes - 🏆 394. / 53 Read more »

The Future Of Business To Business Banking: Fintech 50 2023Whether it's corporate credit cards, home improvement loans or travel expenses, these 10 companies are shaking up the banking establishment—even as the industry faces bouts of crisis.
Source: Forbes - 🏆 394. / 53 Read more »

US venture capital titan Sequoia to split off China business amid tension with Beijing | CNN BusinessVenture capital titan Sequoia is splitting its business into three independent partnerships, each with separate brands. The Silicon Valley-based firm’s expansive investments in China will become their own unit.
Source: cnni - 🏆 326. / 59 Read more »