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

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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:

 

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