A LoyaltyLobby reader sent us a message that the Unsold.com website had been down for a few days and if the company is still around or has filed for bankruptcy?
You can access Unsold.com here.
We covered Unsold.com last year, and there were few red flags:
The company’s Facebook page is up, but comments are disabled (red flag):
You can find more information about the company’s Facebook profile:
Ads that Unsold.com has recently run on Facebook:
More details on OpenGov:
Resort Vacations Moody’s & D&B:
Resort Vacations BBB:
Affiliated BookVIP page is up:
What is going on?
Difficult to tell, but when something appears to be too good, it usually is.
If you think the company was heavily promoting “packages” at a 70% or so discount during the pandemic, you could use them when travel is again allowed in 12 to 36 months.
The company essentially took the money in at the time, promising you a trip in the future. None of these companies pay anything to the travel providers before the stay takes place. Perhaps the money has run out, and the complaints are piling up?
What I would do:
1. Request a refund
2. File a chargeback (there is usually a time limit) – if no refund
3. File a complaint with the Attorney General of your State and/or Louisiana and Florida – if no refund through a credit card company
4. File a complaint if no refund with the FBI’s Internet Crime Complaint Center – if everything else fails
You have to keep in mind that most new businesses fail without the intention to defraud consumers.
If you look at Unsold’s business model, it reminds me of a pyramid scheme that always collapses at the end. They took money in during the pandemic that may not exist anymore, and their website is now down and comments on social media pages disabled. All red flags.
If you have something booked or reserved with them, I would try to secure a refund as soon as possible.