This is a short blog post to warn timeshare owners about a new timeshare scam being carried out by a company calling themselves Global Business Consultants. The company has an F on the BBB along with 3 complaints.
According to online reviews and customers who have contacted us, Global Business Consultants contacts timeshare owners out of the blue and offers them a ridiculously high price for their timeshare. Usually, this scam is used for timeshares in Mexico. Global Business Consultants will tell you to wire them money for some sort of international transfer fee, and then your timeshare will be sold. This will not happen. You will transfer the fee, and never hear from them again.
This is the oldest scam in the book when it comes to timeshare resales. The truth is, most timeshares lose most of their value the second they are purchased. Timeshare is not an investment. This is why you can find many timeshares on for sale by owner sites like Ebay for sale for $1 with no one buying them.
Because timeshares are so difficult to sell, many owners have turned to timeshare exit companies to cancel their timeshare. These companies work with lawyers to get your timeshare cancelled. For more information on how to cancel your timeshare with a timeshare exit company, initiate live chat, submit a contact form on the right side of the page or give us a call at 213-282-5595.