Trying to exchange a timeshare.

ComplaintsCruises & ResortsRCI EXCHANGE COMPANY

Complaint

0
Janet
Country: United States
I have owned timeshare for over 30 years in a 5 star resort.  I tried to make an exchange to find that since RCI had gone to the 'point' system, I don't have enough points to make the exchange.  I was told that I had to pay my maintenance fees 2 years in advance.  So, I did that (not smart).
When I called RCI back, I found out that I still don't have enough 'points' and that I would have to give them two of my weeks for one week at the resort that I'm trying to exchange into.  However, they did say that they could get me a week 'in the area'  at a very good price!!  Wait a minute, if I am already paying a ridiculous price for maintenance fees in addtion to an exchange fee what would make them think I wanted to pay even more to rent a place.  Timeshare used to be a great thing for the working class until the big hotels and big business bought them up.  IF YOU'RE THINKING OF DOING IT, DON'T!!!  YOU CAN SAVE YOUR MONEY UNDER THE MATTRESS (NOT IN THE BANKS) and take a good vacation.

Comments

  • 0
    gerryco
    Thanks for the advice. 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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