Whistleblower: BBB warns of Minnesota timeshare rental scam

  • Article by: JANE FRIEDMANN , Star Tribune
  • Updated: April 22, 2013 - 9:28 AM

A company called Platinum Resort Services lists two downtown Minneapolis addresses and a phone number with a 612 area code. It offers owners of timeshare vacation homes a moneymaking opportunity: Pay us a fee and we’ll rent out your timeshare. Then you can collect the income with no worries.

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tooty123Apr. 21, 13 1:25 PM

The best advice is NEVER buy a timeshare anywhere. It is a scam and the so-called timeshare you buy is sold over and over again to other people. It is very difficult to sell your timeshare now and renting isn't in the deal. It will cost you more to buy a timeshare and maintenance fee than to rent a hotel room or a full ownership of a condo. Don't do it.

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samisfreeApr. 22, 13 1:48 PM

Fraud in general and specifically of timeshare are the order of the day. Customers should be cautious and not be fooled by false promises about investment returns, timeshare resales or anything that sounds too good to be true. These are good articles on how to avoid being scammed by a timeshare company: http://www.timesharescam.com/

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