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NEWBIE- HICV points and how to get rid of them.....

Discussion in 'Buying, Selling & Renting Timeshares' started by James Montanez, Jun 20, 2019.

  1. James Montanez

    James Montanez Guest

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    Hey all!!
    Newbie here to the forums. I'm sure this has been asked before but there are tons of threads on here to research so I thought I'd ask and see if I can get my questioned answered or at least pointed to the right direction/thread. We have recently gone into some financial hardship and have been unable to keep up with the maintenance and membership fees for approx 145000 points combined from Orange Lake and Lake Geneva which we own. Can these points be sold/given away as we no longer want/need them as we try to get back on our feet? Any guidance would be greatly appreciated! Again, newbie here so please be gentle :)
     
  2. Passepartout

    Passepartout TUG Review Crew: Veteran TUG Member

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    Hi James. No worries. We are a pretty gentle bunch. Sorry for your reversal of fortune. Are your timeshares paid for? Many TS outfits have a way that you can return paid-for TSs to them. Or you can list them on TUG's Bargain Deals subforum at low cost. I'm not sure if HICV has such a program, but that's worth exploring with them. If they are still not paid for, I'm afraid they can't be sold (nobody will buy them and they can't be transferred)

    Another way to stop- or at least slow the financial bleeding it for you to reserve the highest demand week(s) you can, and offer them for rent, giving the takers a guest certificate from HICV. You may not fully cover your cost, but would give you a temporary breather from the financial pressure.

    Good Luck, and Welcome to TUG!

    Jim
     
  3. LannyPC

    LannyPC TUG Member

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    Yes, follow Jim/Passepartout's advice. We're glad you came here first because the other piece of advice to people in your situation is to not go seeking the advice or help of any of these companies or law firms that claim they can exit you from or cancel your timeshares. They are usually scams or, at best, they will charge you thousands of dollars to do something you can do yourself.
     
  4. Bmatrose

    Bmatrose TUG Member

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    Depending on the number of Lake Geneva points you have they may have some value on resale. Unless the Orange Lake is a Holiday week it probably will need to be given away
     
  5. James Montanez

    James Montanez Guest

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    Thanks folks for the replies!!!
    At this point I think I'd rather just give them away (Lake Geneva points I have are not that much so doesn't pay to sell, I think). I'm already behind on 2019 maintenance fees (due 1/1/19 yes I know, timing sucks especially right after Christmas) and don't see myself catching up at all at this point (that's how bad it is). I'm pretty sure i will need to catch up on this before giving them away (right?) so my next question is 'HOW?' Is the process the same as having 'weeks' instead of 'points' per the "How to sell Timeshares" thread? Really can't afford even the transfer company fees if the seller is the one that needs to foot this bill. Really hoping someone on here can help big time. Don't mean to sound desperate, but.....I'M DESPERATE!! :)
     
  6. TUGBrian

    TUGBrian Administrator

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    Passepartout likes this.
  7. Gypsy65

    Gypsy65 Guest

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    Check out the thread here. Hicv points chart
    Not sure if you have what the OP is looking for
     
  8. Bmatrose

    Bmatrose TUG Member

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    You can give the points back using the Horizon Program. Probably need to be up to date on maintenance. Not sure if they have a fee.
     
  9. silentg

    silentg TUG Review Crew: Expert TUG Member

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    Sent you a pm
     
  10. James Montanez

    James Montanez Guest

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    Ok so how do I find out what the value of the Lake Geneva points are? May have someone interested.....
    The Orange Lake portion is weird though. They allotted points value to week 42 2 bed Fri-Fri (original purchase back in 2001 which has since been paid in full then converted to points) to which I can use those points for a small fee on any other week other than primary week. So if i was to sell this, would it be points or the actual week? Is this even valuable/worthwhile to sell?
     
  11. jackio

    jackio Tug Review Crew: Rookie TUG Member

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    This unit would revert back to the original week, and unfortunately will not have resale value.
    However I believe that HICV will take it back for free.
     
  12. James Montanez

    James Montanez Guest

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    I've already looked into and requested information pertaining the Horizons program for my Orange Lake week but I still have points for Lake Geneva which I was told have some resale value. Can someone provide some information as to how much each point is worth? I've already searched on here and not finding much.
     
  13. jackio

    jackio Tug Review Crew: Rookie TUG Member

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    You can look on Ebay for completed sales and see what they have been selling for/
     
  14. Tank

    Tank TUG Member

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    You have yet to tell us how many points the Lake Geneva is i'm guessing 15,000 since your 2 bedroom Orange lake should be at least 130,000.

    It is worth very little if that's the case they had these to sell to convert other weeks to points.

    15,000 PT's don't really help anybody in the pt system to add to a portfolio for the money
     

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