Critical Regulations Timeshare Owners Must Know

Tradeweeks.co.uk is currently Europe’s largest wholesaler of timeshare re-sales to the trade and the company warns Timeshare consumers that the following legislation, as proclaimed by the European Parliament, that all reputable companies have now ceased the practice of “Cold Line” sales which are involved in the use of OPC (Off Premises Canvassers, more commonly referred to as “Street Touts”) that has caused a large number of the former OPC’s to open the so called “Re-sale Companies”.

Identifying Bogus Companies

The specific objective of Tradeweeks.co.uk is to protect the general public to be victims of these bogus companies that are often NOT properly constituted and these companies often use merchant facilities (facilities to take your credit card over the phone) from other establishments which vary from pet shops to bars.

“Modus Operandi” that they use to trap Timeshare Consumers We have no doubt that in future you will be called by these companies who will attempt by all means in convincing you that they have a “real” buyer at who offers a very inflated price. They will then ask you to send them around £1,000.00, as giving some convincing argument, as payment for the “taxation fee” before the sale goes through. Once you paid this fee, you will not hear anything from them for quite some time and they will not contact you for a certain period. Eventually, you will then try to contact them and you will be told, “We are sorry but the sale fell through because of the credit crunch and that the purchasing consumer has failed to pass finance”. At this point, you will have no other options to choose from. Finally, you will be in a situation, wherein, they will be presenting you a list, until you are willing to sell for a very, very little or at worst and more likely it will be, the last time you will be hearing from them.

Our Advice

At this point, Tradeweeks.co.uk has been receiving numerous calls, emails and visitors who are seeking advice and help from our company if they can still survive from this awful experience from those companies. Our Consultants wanted to help these Timeshare owners in the best effort as we can. To avoid the increase of Timeshare owners to be victims of these bogus companies, we have the responsibility to inform all Timeshare owners to be more cautious enough and to remember these three IMPORTANT TIPS: 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 In case you are currently in that awful situation or have been transacting with those companies and needs further consultation you can refer to the author’s information so we can guide you out from it.

The Timeshare Industry – Check out this video for more info: http://www.youtube.com/watch?v=FaMHuYUznUI&feature=related