Alert
Close

Top the Treasure Hunt leaderboard by 5 p.m. Friday to win a $100 gift card! Learn more

Highlights

Open

Contests and
Sweeps

Safe Driving in 2014 Sweepstakes

Learn how AARP Driver Safety can help you stay safe—and enter for a chance to win $1,000. See official rules. 

Driver Safety

Piggy bank on the road - AARP Driver Safety

Take the new AARP Smart Driver Course!

AARP Books

Visit the Money Section

Enjoy titles on retirement, Social Security, and becoming debt-free.

webinars

Learn From the Experts

Sign up now for an upcoming Money webinar or find materials from a past session. 

Jobs You Might Like

most popular
articles

Viewed

Scam Alert

New Twists on Old Time-Share Cons

Crooks contact previous victims promising to get their money back

The law makes it illegal to charge upfront fees greater than $75 within a 12-month period without a signed agreement, and gives time-share owners up to 10 days to cancel such arrangments, no questions asked. Violators face a $15,000 fine per violation.

Even so, last year the Better Business Bureau received more than 2,600 complaints about time-share resellers — and another 200 in January of this year. Recently, the FBI has renewed its warnings about these schemes.

Here are the two basic ways to avoid them.

1. If you’re trying to sell a time-share, first check with your resort about any resale programs it offers. Look at newsletters that have "for sale" listings or partnerships with local real estate agents. Expect to pay 10 to 30 percent commission to legitimate agents for time-share resales — paid after the deal goes through.

2. When listing your time-share online for sale or rent, stick with legitimate websites such as redweek.com or tug2.net, which may charge up to $75 a year. Scammers often run their own websites, but listings there can cost much more — with no results.

Also of interest: Great U.S. destinations for 2012.

Sid Kirchheimer is the author of Scam-Proof Your Life, published by AARP Books/Sterling.

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Related Video

Tell Us WhatYou Think

Please leave your comment below.

The Cheap Life

Jeff Yeager Cheap Life Ultimate Cheapskate AARP YouTube web series save money

Catch the latest episode of The Cheap Life starring Jeff Yeager, AARP's Ultimate Cheapskate. Watch

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

AARP Credit card from Chase

Members can get cash back rewards on purchases with the AARP® Credit Card from Chase.

AARP Financial Services

Info on saving for education from AARP® College Savings Solutions from TIAA-CREF.

Member Benefits

Join or renew today! AARP members receive exclusive member benefits & affect social change.