A timeshare marketing company gets an F rating from the Better Business Bureau because of their doubtful and fraudulent transactions. Creative Vacation Solutions of West Palm Beach targets timeshare owners seeking for timeshare relief.
The company hires telemarketers to contact timeshare owners wanting to get out of their timeshare contracts. They inform the prospective clients that they already have a buyer for the timeshare of the client but needs a deposit for the processing of the transaction. Once the client deposits the payment, nothing happens because Creative Vacation Solutions does not actually have any buyers. This system was disclosed by company employees who are disgruntled with the company for not paying them their salaries for several weeks.
This is not the first time that Creative Vacation Solutions is being investigated for its operations. The first time they were investigated was for hiring unregistered sales agents and operating in an undisclosed address. They were fined $17,000 for the violation.
This fraudulent company will surely pay more for this second violation. A number of timeshare owners are already calling Contact Five Investigators to help them pin down this company. And Contact Five is already doing their investigation. If you are a timeshare owner who was hoping to get rid of his timeshare through Creative Vacation Solutions, it would be best to also Contact Five Investigators to inform them of your case, and receive any financial remuneration that the company will be asked to provide their victims.
Thursday, November 26, 2009
Thursday, November 19, 2009
Imprisonment for Timeshare Fraud Grants Relief to Owners
Have you experienced being deceived in a transaction? Usually we fall to such situation when we do not pay attention to suspicious statements or what they call ‘too-good-to-be-true’ promises. Lack of knowledge can lead to these situations. Unfortunately, despite a lot of information or warnings in the internet, there are still timeshare owners who fall for these scams since there are so eager to get rid of their timeshares.
Here is a recent happening in the timeshare industry that you might want to keep in mind so you will know what to do when faced with similar situations. Two men were sent to jail by committing a £460,000 timeshare holiday scam. There were sentenced to spend two-and-a-half years in jail by deceiving 50 people. And they were demanded to pay the damages.
Initially, those people were invited to a sales presentation by offering a free mini-break. Regrettably, they found themselves under severe pressure to sign up to timeshares on holiday lodges. In this very situation, Timeshare Act of 1992 was defied. Those people were not told that they have the right to stop the agreement. And worse, they were required to pay a deposit of £1,000 on the spot.
By simply reading through this you can tell that whatever promises given to those victims did not materialize. One good thing about this is the reminder that timeshare owners have rights and are protected through the timeshare act. So be careful and know your rights. Go ahead and find your timeshare relief and avoid those fraudulent acts that may come your way.
Here is a recent happening in the timeshare industry that you might want to keep in mind so you will know what to do when faced with similar situations. Two men were sent to jail by committing a £460,000 timeshare holiday scam. There were sentenced to spend two-and-a-half years in jail by deceiving 50 people. And they were demanded to pay the damages.
Initially, those people were invited to a sales presentation by offering a free mini-break. Regrettably, they found themselves under severe pressure to sign up to timeshares on holiday lodges. In this very situation, Timeshare Act of 1992 was defied. Those people were not told that they have the right to stop the agreement. And worse, they were required to pay a deposit of £1,000 on the spot.
By simply reading through this you can tell that whatever promises given to those victims did not materialize. One good thing about this is the reminder that timeshare owners have rights and are protected through the timeshare act. So be careful and know your rights. Go ahead and find your timeshare relief and avoid those fraudulent acts that may come your way.
Thursday, November 12, 2009
Timeshare Relief up for Grabs
Studying the market is the best way to play with the game. Timeshare market is very dynamic, requiring a thorough research beneficial for owners seeking timeshare relief. The escalating offers from buyers and sellers make timeshare property pricey to maintain.
And so, before you make that first step to rid your timeshare, you must determine your worth. Nobody wants to settle for less. Even desperate people hope for something fair. Nonetheless, whenever you are ready to sell your timeshare you must price it right. Pricing will tell you whether it is fair for you to sell or to keep your property.
The American Resort Developers Association says that timeshare usually sell for 50 to 75 percent of a retail price. Simply put, timeshares sell at a 25 percent to 50 percent discount to retail. Another report says that thousands of timeshares are being sold in the secondary market nowadays. Even though average prices apply, this report shows that resales value increases overtime, that is comparing years 2003 and 2007. It further says that the average retail price of a two bedroom high season timeshare grew from $7,505 to $11,031 respectively for the years mentioned above. And this is a very good indication for owners.
By simply looking at this market trend, apparently, now is the best time to get rid of your timeshare. This great news says it all for those contemplating selling their timeshare. Use the power of your fingertips to look for the sites to advertise your timeshare. The internet will be your main weapon to have a head start in realizing the relief that you wanted.
And so, before you make that first step to rid your timeshare, you must determine your worth. Nobody wants to settle for less. Even desperate people hope for something fair. Nonetheless, whenever you are ready to sell your timeshare you must price it right. Pricing will tell you whether it is fair for you to sell or to keep your property.
The American Resort Developers Association says that timeshare usually sell for 50 to 75 percent of a retail price. Simply put, timeshares sell at a 25 percent to 50 percent discount to retail. Another report says that thousands of timeshares are being sold in the secondary market nowadays. Even though average prices apply, this report shows that resales value increases overtime, that is comparing years 2003 and 2007. It further says that the average retail price of a two bedroom high season timeshare grew from $7,505 to $11,031 respectively for the years mentioned above. And this is a very good indication for owners.
By simply looking at this market trend, apparently, now is the best time to get rid of your timeshare. This great news says it all for those contemplating selling their timeshare. Use the power of your fingertips to look for the sites to advertise your timeshare. The internet will be your main weapon to have a head start in realizing the relief that you wanted.
Friday, November 6, 2009
State’s Awareness Ensures Timeshare Relief for Owners
Several means are being employed by a number of vacation package owners who are seeking for timeshare relief and one of which is selling. And since getting out of a timeshare contract is not easy, these owners have the tendency to grab any opportunity that come their way to be free of the vacation package. This circumstance makes most of these owners prone victims of scams.
The awareness and concern of several states to the rights of its constituents surely provide relief for timeshare owners. In the case of Florida, the existence of its Deceptive and Unfair Practices Act and the Telemarketing Act shields timeshare owners from deceptive companies. Just recently, Florida’s Attorney General Bill McCollum has filed an injunction and a lawsuit against Universal Marketing Solutions and Creative Vacation Solutions, both Palm Beach County-based timeshare resale companies. These companies are collecting marketing fees without making any efforts to sell the units of it’s supposedly clients. The collection of these companies is estimated to be at around $4 million from a total of 400 people.
The manager of these companies, Jennifer Kirk, reportedly charged marketing fees for timeshare resale advertisements. They are doing so through online marketing and telemarketing. And since Florida prohibits the collection of advance fees for timeshare sales, the said companies are being blocked from reselling timeshares. They are also being demanded to provide restitution to customers, pay civil penalties, and reimburse fees and expenses being spent for the investigation.
It is only with the state’s power that timeshare owners are provided with beneficial means to get rid of their timeshares. Without the state’s concern for their constituents, fraudulent companies can continue on the scam schemes they plot against timeshare owners.
The awareness and concern of several states to the rights of its constituents surely provide relief for timeshare owners. In the case of Florida, the existence of its Deceptive and Unfair Practices Act and the Telemarketing Act shields timeshare owners from deceptive companies. Just recently, Florida’s Attorney General Bill McCollum has filed an injunction and a lawsuit against Universal Marketing Solutions and Creative Vacation Solutions, both Palm Beach County-based timeshare resale companies. These companies are collecting marketing fees without making any efforts to sell the units of it’s supposedly clients. The collection of these companies is estimated to be at around $4 million from a total of 400 people.
The manager of these companies, Jennifer Kirk, reportedly charged marketing fees for timeshare resale advertisements. They are doing so through online marketing and telemarketing. And since Florida prohibits the collection of advance fees for timeshare sales, the said companies are being blocked from reselling timeshares. They are also being demanded to provide restitution to customers, pay civil penalties, and reimburse fees and expenses being spent for the investigation.
It is only with the state’s power that timeshare owners are provided with beneficial means to get rid of their timeshares. Without the state’s concern for their constituents, fraudulent companies can continue on the scam schemes they plot against timeshare owners.
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