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Consumer alert – timeshare fraud

Cold winter months are a popular season for travel to hot, sunny destinations but consumers are reminded to be careful when purchasing and selling timeshares.
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Cold winter months are a popular season for travel to hot, sunny destinations but consumers are reminded to be careful when purchasing and selling timeshares.

An unlicenced company representing itself as a vacation timeshare broker is advertising and soliciting in Saskatchewan, according to a Consumer Protection Division press release.

Officials say Trust Financial Services Group claims to buy and sell timeshare packages on behalf of Luxury Vacational Property Investment Solutions. When money was paid by the prospective clients, no goods or services were provided.

Consumers are advised to beware of travel package offers that sound too good to be true and advised that if the sales representative pressures consumers to "act now or lose out on a limited time offer," they should be wary.

These tips are offered:

• Be extra cautious when purchasing a package sight unseen.

• Research online to find previous customer reviews about the company.

• Check with the Better Business Bureau and research the company for free online at www.bbb.org/saskatchewan/.

Anyone who thinks they have been the target of a timeshare scam is urged to keep records of the transaction, phone numbers, the name of the sales representatives, website or additional identification information and contact the Consumer Protection Division at [email protected] or toll free at 1-877-880-5550.

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