Timeshare USA – FBI New York warns on timeshare resale scams
Although TCA focus primarily on timeshare scams concerning owners of timeshare in the UK, the USA has its fair share of problems. Timeshare fraud is on the rise and in the States resale fraud is the number one. TCA have produced many reports regarding the lack of a secondary market relating to timeshare sales. In […]
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Timeshare USA – Still talking telephone numbers – Part 2
On Good Friday we published an article concerning the unbelievable amount of profit shown in the three largest timeshare companies last trading year as measured by gross profit. Today we are still talking telephone numbers when we delve into the salary packages of some of the CEOs in the American timeshare industry. TCA would be […]
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Timeshare USA – Still talking telephone numbers
Every year companies all over the world produce and publish their annual accounts, the timeshare industry is no different. Apart from the pages and pages of information that we don’t need to know about, there is also the most important figure, profit or loss. Recently 3 of the largest timeshare groups posted results, those being […]
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Timeshare USA – The verbal non reliance clause
Over the years, TCA have commented on the clause contained within both the timeshare purchase contract and also contained in the closing paperwork presented. In a nutshell, the clause vindicates the timeshare developer from any distortions of the truth or downright lies told by sales staff during the “tour”. Our story is not an unfamiliar […]
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Volume per guest (VPG) – A telling story
Volume per guest otherwise known as VPG is a metric used primarily in the USA timeshare world. Before we go on, let’s explain what it is. Although a bit complex, basically VPG works out the value of each timeshare tour by dividing the overall sales income by the number of tours taken. It measures the […]
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Timeshare USA – Diamond/Hilton Transitions, does it work?
First off, it’s refreshing that any developer takes the subject of exiting a timeshare head on and makes steps to allow application to exit. The transitions scheme came about in 2016 when the Arizona Attorney General’s office reached a settlement requiring Diamond to establish a relinquishment program. Arizona timeshare owners who met certain basic criteria […]
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Timeshare USA – Reneging on a deal
In the broader spectrum we could be referring to the deal timeshare owners thought were getting, according to the pitch used by the sales team, bearing no resemblance to the actual product they ended up buying, but we’re not. Here we feature a scenario that panned out relating to long term owners with Westgate Resorts, […]
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RCI celebrates 50th birthday
All over the timeshare news this week is that the mighty Resorts Condominium International (RCI) has past its 50th year of service to both the timeshare industry and timeshare owners. Founded in Indiana in 1974 by Jon and Christel DeHaan, RCI was, at the time, the first of the exchange companies to come into existence. […]
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Timeshare USA – Travel + Leisure get even bigger!
For those not in the know, Travel + Leisure Co are the world’s leading membership and leisure travel company, Including brands such a Wyndham, who many timeshare owners will be familiar with. Wyndham is credited with being the largest timeshare developer in the world. Also featured within the group are RCI, 7 Across, Extra Holidays, […]
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Timeshare USA – crime doesn’t pay
On Monday 22nd January a court case in Los Angeles came to its conclusion. On trial was Michael McDonagh, 43 and four co conspirators’. The evidence presented was that McDonagh was the brains behind multiple cold calling timeshare scam boiler rooms. At his summing up, United States District Judge David O. Carter sentenced McDonagh to […]
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