Unscrupulous companies are preying on struggling time share owners looking to unload their ill-advised purchases by getting them to pay thousands in upfront fees, promising sales that never come. Since the market for timeshares plummeted 40 percent in 2009, according to the BBB, there’s little market for reselling them.
John Tedesco of the San Antonio Express-News was badgered last week by a telemarketer who wouldn’t take no for an answer. He decided to keep her talking for a while to see how many ways she’d try to get him to hand over his credit card number for a “free” cruise. Here were all the tricks she used during her sales pitch.
“Time shares” are vacation homes that you buy the right to live in for a certain period every year. Theoretically, you and the other “owners” get to “own” a resort retreat for a fraction of the cost of outright ownership.