My wife and I purchased a timeshare through Bluegreen at Charleston, SC. We have 8,000 points
every other year. We soon learned that we didn’t have enough points to use the timeshare for an entire week.
Ouch! Many timeshare companies purposefully mislead customers into believing that their points will equate to a yearly vacation. They neglect to inform the buyer that these points are often barely enough to reserve a not very nice room every two years, if that.
It continues:
We were definitely misled. We pay outrageously high interest to a mortgage company owned by Bluegreen, . No attorney was present at the loan closing. We were never
told about the maintenance fee, which is exorbitant, between the monthly payment and the maintenance fee I don’t know how much longer we can hold out. They told me i could sell the timeshare as easy as that once we thought we are not going to use it which is a total BS.
Wow, it certainly gets worse doesn’t it? We recommend that buyers always use a credit card or other financing to purchase a timeshare. The timeshare company is already giving you a bad deal on the property. They hope to take the buyer twice by ripping them off on high interest financing which often carries a prepayment penalty.
And concludes:
We tried to sell our timeshare back to bluegreen, they refused, refered us to a real estate company (Pinnacle Vacations) owned by Bluegreen…I am paying Pinnacle $35.00
in since 2004. Nothing!! Hope we can do something about this.
There has to be something we can do. I am so much hopeless and sick about this thing going around and tricking others into it. My experiences i believe won’t be much different from other victims.
Thanks for putting my rant up.
We’re sorry to hear about the bad deal you got on the timeshare, on the bright side its influenced us to write more on how to dump a timeshare.
