Don't buy a TimeShare...   Author:  101  Category:(Discussion) Created:(5/11/2008 7:29:00 PM) This post has been Viewed (329 times) It is the time of year.. they start calling and telling you, you won something. Then you get this free trip, vacation, TV or some other thing if you come and listen to them give a presentation.. After two hours of presentation you move to the HOT SEAT. Personal one on one with a Sales rep. The tell you all the benefits of buying some time share.. there are all kinds. The money they charge is well over what it would cost you to just go on Vacation. $250 dollars a month for a very long time at 12-21% interest. Then annual dues and quarterly fees.... Price over $4000 a year.. and you still have to pay to get to the destination, if they have a week free for you to go. Most people can go on a vacation for less than $4000. If you think you are getting a good deal, you aren't.. The proof that should convince anyone is.. take a look at all the time share wholesalers on the Internet. These are people trying to get out of the contract that they signed. They sell all kinds of timeshares steep discounts. Pennies on the dollar. Young people get suckered into these timeshares, then pay and pay and never make much of a dent in the principal because of all the tricks they play with the payments. Raising interests, late fees, raising the maintenance fees and other ripoff techniques. Most Timeshare companies have been investigated for fraud. Lies they tell during the High pressured sales pitch. Many people convince themselves it is a good deal and buy into it only to find out that they miss one payment and they can't use the time share at all until all the fees, penalties and other conditions have been met. It will drain your resources and eat at your life for as long as you have it. They will tell you can sell it at any time.. but that is not true. You have to have it all paid and in good standing with them before you can sell it. If you lose your job, or can't make the payment for some reason. You are stuck with it and you can't use it, sell it, trade it or get out from it. And you can't use it at all even if you paid on it for years and have thousands of credits. Most timeshare companies are betting that you will never or rarely use the timeshare that is why they can over sell the time share properties. This means they sell the same room for way over 52 weeks every year. You have to schedule your room months in advance so they can see if it is going to be available. Many times it is not if it is a popular place. A lot of people change out to a cheaper place just to go on vacation and they could have just paid either place in cash and got the room they wanted at the time they wanted for less than the price of the timeshare per year. Don't be fool by these places, it is a rip off. Search google, find the discount places, see what the other people are trying to selling their timeshares at .. pennies on the dollar just to get out of it. -Radman.. You can join Unsolved Mysteries and post your own mysteries or interesting stories for the world to read and respond to Click here Scroll all the way down to read replies. Show all stories by   Author:  101 ( Click here ) Spring is coming