Reviews of the timeshare industry by the owners...
PLEASE READ ALL:
I just returned home from the Shell Vacation Club presentation. My career was in banking, so numbers matter to me and jump out at me, too. At the Arizona State Fair, I was talked into the timeshare presentation and went, since I travel often. The brochure I was given at that time offered a "free gift", if I went through the presentation. The presenter did a good job of explaining the general timeshare program, but would not talk cost. When she finished, the closer came in tell about the cost and financing. The cost was just under $30,000, with annual dues of $741. The interest rate was 16.99%!!! With your purchase, you could claim 7000 points for use on hotels.
Royal Holiday Scam at Wyndham Nassau Resort in New Providence Is Ruining Our Finances!
I was scammed--deceived, defrauded and duped--at the Wyndham Nassau Resort in New Providence, Nassau, in March 2011. I want to express my extreme frustration with Royal Holiday Club's predatory sales practices. Since I was hoodwinked into signing a contract with this unethical company, I have been obliged to pay $220 per month and an annual fee in excess of $1,000. In exchange I have received NO net benefits--I would have saved thousands and thousands of dollars by making travel arrangements myself for the one resort trip I did manage to work out with Royal Holiday Club. Including the inittial credit card payment of $15,000, over the past two years I have been obliged to pay them a total of $20,300.
We bought into Westgate in 2006 we are not satisfied to say the least. we traded it to a vacation travel club in 2009 we still have not got this property out of our name they have billed us for two years we bought it bi-anually we signed all the necessary papers we requested the esstoppell letter or first right of refusal we even had the vacation travel club whom we traded with to contact them we have got nothing done.
Absolutely - Representatives claim to be looking out for your best interests. After being timeshare owners for 20 years, we were deceived in a recent transaction. The representative made a clear sales pitch for Presidential Reserve assuring us that our payment would only increase $200...well when we received our first statement - $1100 increase. Contacted Wyndham - were told it was our word against his.