A reader who is affiliated with a non-profit organization shares their experience with accepting timeshare as a donation.
This is an important read for any timeshare owner, and provides a great deal of insight into issues surrounding increasing maintenance fees and stopping payment.
“I am affiliated with a non-profit organization. We received a timeshare donation week from an individual, not truly knowing what we were getting into.
Our first year the maintenance fees were increased by 20% without our consent. We reluctantly paid the bill, and one of our board members enjoyed the vacation week.
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The following is a reader submission detailing the discrepancies between what they were told vs. what they actually received at a timeshare presentation in Weston, Florida (the actual resort name was not disclosed):
We (4 of us) bought time share in Weston, Florida in October 2010. At the time of purchase we were told if we stay at an all-inclusive resort our meals would be covered. Much to our surprise we have recently found out while trying to book a trip that we have to pay for our food, which makes it a very expensive trip… Seeing as we only travel all inclusive, one price and we are covered, this is definitely not going to work.
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Have you considered renting out an unused timeshare week through Wyndham’s Endless Vacations program?
A visitor to the site shared her experience with the Wyndham Endless Vacation (also known as Extra Vacations) week rental system:
“Endless Vacations (which related to Wyndham) rents out units which are reserved by Wyndham owners who want to make some money for maintenance fees etc. Frankly, I have not found that it does the job very well, but the units which they have to offer are legitimately secured.
Unfortunately, if you give them a reserved week, they can break it up and let vacationers rent just the “best” part. They do not collect the rent till AFTER the unit is used–which I consider insane. Having no equity in the rental, people do not hesitate to cancel a reservation at the last moment and leave the person who provided it with a “dead” week that can’t be used. (I speak from personal experience!)
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Here’s a short message from a contributor to our website, which was sent to us via the Submit Your Timeshare Experience form.
“RCI is another crook in a long list of crooks in the Timeshare industry. They colluded with the Mayan Group, who lied about being able to sell one of our timeshares. We were told that if we would agree to purchase a Mayan timeshare (that was not worth near what they said it was) we would be rid of our timeshare. What was not explained to us was that we had to use RCI credit to make the purchase.
Then RCI credit duped us by increasing the interest rate prematurely from what they said in previous conversations. The RCI point system looks like it will be disappointing to us to the point that we are planning not to renew. What really is disappointing is that all this stealing is done from behind legal jargon.”
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The following short message was sent to us via the Submit Your Timeshare Story form on our site.
A reminder that a “FREE” magic show in Las Vegas isn’t always worth the trouble…
“Same pitch (at The Grandview at Las Vegas) but we caved on 2nd intervention offer, but a sleepless night brought me to this site. I submitted my cancellation of this business deal the very next day and hopefully there will be no problems with it. Nevada has a 5-day cooling off period. Will let you know if there was a problem. Everyone is right, if it is such a good deal why can’t we have a chance to think about it. I enjoyed our sales person but not the pressure overall. We have learned a lesson, that a good ticket deal is not worth the hassle!”
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