Hi, we bought a Westgate Timeshare about a year ago in Florida. And I have been searching for a way out pretty much ever since. I've been to your forum's before and done alot of looking around.
Yesterday we went to a business called WinCorp Platinum located in Portage, WI. We met with a couple of different people. Their pitch went something like this - We sign over our timeshare to them, and we are forever done with maintenance fees, etc. We then become a member of their company. We are alotted so many points for Wyndham timeshare yearly. (In our case it is 100,000). We have the option to buy more points at $5.60 per 1000. We were considering another 50,000 points at $750. We would then be in the presidential vip section for points as the company says they have several million points available. We can call them up and they will do all of our bookings for us. They said that they would book us at half the booking points and then get us an upgrade. So, if a week is 80,000 points for a one bedroom, it would cost us 40,000 points and we would get a 2 bedroom. We would still end up paying a small amount with each week. They swore never more than $350, and showed us several appealing options that were less than $200 even during high season.
They say they make their profit off of points that are not used by members, they take these points and sell them on ebay for around $15-$25 per 1000 points. They of course profit off of the weeks that we do use, as well as a reasonable (I think) closing fee.
I can find nothing about their company online. Their website is www.wincorplatinum.com They are less than 3 years old. They do work with a legitimate company for the transfers -one that I have heard of and investigated.
The concept behind it is appealing. No more closing costs ever, with the option out there of still being able to use a timshare. If we don't vacation for the next 5 years, we pay nothing. If we do vacation, it's for half the points of the typical owner, and a couple hundred dollars. It can transfer down through family members if we were to die, but no obligations for family to take it...
Please let me know if you have heard of them and what you think?
Thanks,
CollieC
Yesterday we went to a business called WinCorp Platinum located in Portage, WI. We met with a couple of different people. Their pitch went something like this - We sign over our timeshare to them, and we are forever done with maintenance fees, etc. We then become a member of their company. We are alotted so many points for Wyndham timeshare yearly. (In our case it is 100,000). We have the option to buy more points at $5.60 per 1000. We were considering another 50,000 points at $750. We would then be in the presidential vip section for points as the company says they have several million points available. We can call them up and they will do all of our bookings for us. They said that they would book us at half the booking points and then get us an upgrade. So, if a week is 80,000 points for a one bedroom, it would cost us 40,000 points and we would get a 2 bedroom. We would still end up paying a small amount with each week. They swore never more than $350, and showed us several appealing options that were less than $200 even during high season.
They say they make their profit off of points that are not used by members, they take these points and sell them on ebay for around $15-$25 per 1000 points. They of course profit off of the weeks that we do use, as well as a reasonable (I think) closing fee.
I can find nothing about their company online. Their website is www.wincorplatinum.com They are less than 3 years old. They do work with a legitimate company for the transfers -one that I have heard of and investigated.
The concept behind it is appealing. No more closing costs ever, with the option out there of still being able to use a timshare. If we don't vacation for the next 5 years, we pay nothing. If we do vacation, it's for half the points of the typical owner, and a couple hundred dollars. It can transfer down through family members if we were to die, but no obligations for family to take it...
Please let me know if you have heard of them and what you think?
Thanks,
CollieC