Monthly Archives April 2013

Krystal Resorts Scam Prevention Team Shares Time Share Scams And Gives Tips

Krystal Resorts Scam Prevention Team shares Time Share scams and gives you some tips.  Krystal Resorts Scam Prevention Team says there are many time share scams that run rampant throughout Mexico.   If you are planning to visit and plan to invest in a time share, or have one, it is essential that you make yourself aware of some common pitfalls and scams that commonly involve time shares in Mexico.

Krystal Resorts Scam Prevention Team says part of travel awareness is becoming aware of common scams that people unintentionally fall victim to.  Time shares are an easy way for predators to take advantage of people.  They often seem like a very good deal, and they can be.   But they can also open the door for crafty clowns to take advantage of people.

Here is some essential fraud busting information that will help you protect yourself if you plan to get involved in the time sharing business.

•             Pay attention to rent clauses in the contract.  Often time share con artists will suggest that individuals who invest in a time share can make back their money in rent to earn a return on their investment.  However, it is often very difficult to do this successfully, and often the fees associated with maintaining a property outweigh any profits gained from rent.

•             Trade-In Value.   Many scam artists will offer to trade-in your time share property for what they consider to be a fair price.  Often this is usually not a good deal, there is some discretionary financial keeping that makes you have to pay regular price or buy into their program.  You may do better by finding another way to offload your property.

•             Limited Use.  Often time shares that people invest in have very limited use, which is another way to scam people out of the money they invest in a property.   Be sure you are very clear in a contract if you invest in one, about the time you have to use a property, and which property you can use.

Another scam that time share owners typically use is charging high fees for their programs.  Be aware of this.  Time shares can end up costing you a small fortune!  Krystal Resorts Scams Prevention Team wants you to enjoy your vacation time.

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