Recently, the Australian Timeshare and Holiday Ownership Council (ATHOC) issued a consumer advisory to inform that some timeshare owners have been receiving communications from companies proposing that they can terminate their Timeshare ownership in exchange for considerable upfront fees. Here is the consumer advisory warning from ATHOC:
“Be wary of anyone advertising or calling out of the blue wanting to buy your timeshare or promising that you can simply exit your timeshare at your current resort. Even if they appear to have all of your information, you can rest assured that no resort will hand over their data base to any outside company. Always check with ATHOC or your resort or management company first before you hand over any credit card details. If the offer sounds too good, then it is likely to be too good! Also be very wary should a company ask you to pay up front to get out of your timeshare. No matter what reasons they give you, do not part with your money. Above all, you should always make sure that you deal with a licensed operator and member of ATHOC.”
Please visit the ATHOC website for the full advisory.
At RCI, the security of our members' timeshare ownership are our top priority. RCI Members can visit our RCI webpage for more information: https://www.rci.com/pre-rci-en_AU/landing/ATHOC-Consumer-Advisory.page