Timeshare Holiday Scam Alert

I thought and felt that I should share this with my readers to prevent you all from being cheated by these people like what happened to one of my family members.

We were on this timeshare holiday scheme which allows us to go on a holiday at anytime of the year with Company A. It may seem a good deal, and we found that we had to pay a sum for the membership and the maintenance fee of the "so called" resort every year.

Later, the victim receives an offer to sell off his membership with Company A to Company B. But unknowingly he is tricked to enter into another contract where all the payments start again after "selling" the membership. This vicious cycle comes by again when this relative of mine, completes his payment of instalments.

Recently, another of this type of company has sprung up. My advice to my readers is that should you receive this kind of call, claiming that you have won a prize or something when you know that you have not been lucky all your life, or you are aware that you didn't take part in any contest recently, just reject the call flatly. If the person is persistent, you can take down the company name & purchase a business profile from ACRA to find out about the nature of the business of the company.

Just feel that there is no free lunch in this world.