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Cancelling Contract for Marriott Vacation Club Destinations Program

John G

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My wife and I have owned a Marriott Timeshare for about 20 years. In late January we went to a Marriott presentation in which we were convinced by two salespeople to purchase into the Destinations Exchange Program. In part we were advised that if we entered into the Program we would be able to have easy access to Marriott units, including for a planned upcoming March 2020 vacation. The closing was delayed several weeks and we promptly sought an exchange using points into a Marriott resort. The exchange transaction failed and now we have decided that the Destinations Program is not for us as we already own one week at a Marriott timeshare. I know we are past the rescission time period in the contract, but is there a way to get out of the contract without throwing good money after bad money (including the high interest rates). I appreciate any input!
 

VacationForever

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None. Timeshare companies have iron-clad contracts put forth by corporate lawyers to cover them.

One option is to stop payment but it will jeopardize your existing week. If any part of your ownership is delinquent, Marriott has the right and will freeze your entire account.

This COVID-19 is unprecedented so if your experience with MVC DC program is poor during March, it is not the norm.

We own both weeks and points in the Marriott system and in general, the point system is very easy to use.
 

Bill4728

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Sorry I don't think you have any options at this point.

BUT You will now be able to convert your old week to points and using both the DC points you bought and your weeks points make plans for some great vacations.

OR you can use your new DC points to add on to your current week. We often reserve our week then use DC points to add on a day or two at the beginning or end of our week and have a 8-10 day vacation instead of a 7 day vacation.
 

gln60

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My wife and I have owned a Marriott Timeshare for about 20 years. In late January we went to a Marriott presentation in which we were convinced by two salespeople to purchase into the Destinations Exchange Program. In part we were advised that if we entered into the Program we would be able to have easy access to Marriott units, including for a planned upcoming March 2020 vacation. The closing was delayed several weeks and we promptly sought an exchange using points into a Marriott resort. The exchange transaction failed and now we have decided that the Destinations Program is not for us as we already own one week at a Marriott timeshare. I know we are past the rescission time period in the contract, but is there a way to get out of the contract without throwing good money after bad money (including the high interest rates). I appreciate any input!
are you SURPRISED that trying to book a DC Points reservation BEFORE CLOSING(owning the points) wouldnt go through??........give the DC Points program a chance...many people enjoy the flexibility of the DC Points program
 

gln60

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are you SURPRISED that trying to book a DC Points reservation BEFORE CLOSING(owning the points) wouldnt go through??........give the DC Points program a chance...many people enjoy the flexibility of the DC Points program
and integrating DC Points with your week
 

Pamplemousse

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My wife and I have owned a Marriott Timeshare for about 20 years. In late January we went to a Marriott presentation in which we were convinced by two salespeople to purchase into the Destinations Exchange Program. In part we were advised that if we entered into the Program we would be able to have easy access to Marriott units, including for a planned upcoming March 2020 vacation. The closing was delayed several weeks and we promptly sought an exchange using points into a Marriott resort. The exchange transaction failed and now we have decided that the Destinations Program is not for us as we already own one week at a Marriott timeshare. I know we are past the rescission time period in the contract, but is there a way to get out of the contract without throwing good money after bad money (including the high interest rates). I appreciate any input.

Just a question about how you tried to book your March vacation- you say you sought an exchange using points into a Marriott resort. Do you mean you tried to book with your points directly on the MVC site? Exchange makes me think you were using II and you can’t exchange into a Marriott using points on II.
Thought I would ask since you are new at this. Although I agree with the others that your expectations of booking with points may be set too high. Even with points booking in season 2 months in advance will require luck.[/QUOTE]
 

John G

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None. Timeshare companies have iron-clad contracts put forth by corporate lawyers to cover them.

One option is to stop payment but it will jeopardize your existing week. If any part of your ownership is delinquent, Marriott has the right and will freeze your entire account.

This COVID-19 is unprecedented so if your experience with MVC DC program is poor during March, it is not the norm.

We own both weeks and points in the Marriott system and in general, the point system is very easy to use.
Sorry I don't think you have any options at this point.

BUT You will now be able to convert your old week to points and using both the DC points you bought and your weeks points make plans for some great vacations.

OR you can use your new DC points to add on to your current week. We often reserve our week then use DC points to add on a day or two at the beginning or end of our week and have a 8-10 day vacation instead of a 7 day vacation.
 

ljmiii

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I know we are past the rescission time period in the contract, but is there a way to get out of the contract without throwing good money after bad money (including the high interest rates)....
As you've read, the first answer is the most painful...you've driven the car off the lot and it's yours now.

As for your loan, pay it off as soon as you can. Home equity is best...but I have no idea what the market looks like at the moment. I know Monera is willing to use DVC points as collateral but even if they aren't willing to consider MVC points as collateral their personal loans likely have better rates than MVC's.

Lastly, MVC points *are* quite useful. But like weeks they are best used with advanced planning. Ideally 12 (or 13) months but 'points only' resorts like Waikoloa and Washington DC or those in well served cities like Orlando often have availability much later.
 
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Videoguy75

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My wife and I have owned a Marriott Timeshare for about 20 years.

Like you, we have owned MVC weeks for about 20 years. Have loved our weeks. in 2010 we were very skeptical of points. Long story short, we have loved using the points in combination with our weeks for greater flexibility and many wonderful vacations. Now is a troubling time, but when things calm down, try again, read lots of ideas on TUG, and enjoy your weeks & points and the flexibility with all the wonderful MVC properties.
 

TheTimeTraveler

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My wife and I have owned a Marriott Timeshare for about 20 years. In late January we went to a Marriott presentation in which we were convinced by two salespeople to purchase into the Destinations Exchange Program. In part we were advised that if we entered into the Program we would be able to have easy access to Marriott units, including for a planned upcoming March 2020 vacation. The closing was delayed several weeks and we promptly sought an exchange using points into a Marriott resort. The exchange transaction failed and now we have decided that the Destinations Program is not for us as we already own one week at a Marriott timeshare. I know we are past the rescission time period in the contract, but is there a way to get out of the contract without throwing good money after bad money (including the high interest rates). I appreciate any input!



Points are easier to use, but more expensive than using traditional weeks under most circumstances. I bet you can easily book your March 2021 vacation right now if you want to, so don't be too fast in writing off your ownership.

In any event, you are now an owner so do make the very best of your ownership. Book early and either use or rent the time you book. And don't forget; you can always rent your points to other owners.

Best of luck with your ownership!




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