Capital Vacations Scams elderly couple- No surprise here News Story

[Arusso]

The BBB Rating for Capital Vacation is an A.

As we have learned, the rating is not necessarily reflective of the ethical standards observed by a company listed by the BBB

 

[Arusso]

Yes, it can be a real job to be rid of a timeshare but if you know that what you purchase has a built in exit program it can be very easy to get out when you want to.

Bill

The problem lies in the fragility of such programs. There is no guarantee of persistence.

 

[AnnaO]

It made the news....Link below -

MSN

Capital Vacations sucks. They are pure scum. Their shady practices after they took over management of Powder Ridge Village forced the resort closure. Their contract involved purchase of 350 units. They bought 100 and soon after stopped paying maintenance fees on these units and refused to buy he rest. This (plus MROP delinquency on their 300+ units) made the resort (which had 0 debt) insolvent and forced closure.

 

[AnnaO]

The BBB Rating for Capital Vacation is an A.

what makes you say that? I just looked so I could file my complaint - The Capital Vacations is not even listed on BBB

Capital Vacations | BBB Business Profile | Better Business Bureau

Not BBB Accredited. Timeshare Companies in Marble Hill, GA. See BBB rating, reviews, complaints, and more.

www.bbb.org

 

[Arusso]

Knowledge is Power. Knowing how easy it is to freeze your credit is important. Using that knowledge is most important. Don't pay these "Lifelock" companies to do what you can do yourself.

Agree. Unfortunately, the lack of basic financial, business and transactional education renders the population exceedingly vulnerable to be taken advantage of. Unless a person has business experience and background in business, has had a holistic education, etc, many people are naive as to basic finance, insurance, etc.

With this sad reality, the simplest and most effective strategy for most people is NEVER purchase anything of "significant value" based on impulse. Period. The "significant value" is a personal threshold dollar amount that each one of us must establish for ourselves. This affords the consumer the luxury of time. Time to a sales offer and do some research, get independent opinions and even consult with experts a prospective buyer trusts.

 

[ScoopKona]

The BBB Rating for Capital Vacation is an A.

The only purpose the BBB serves is as a checklist of companies not to do business with. They're as relevant as S&H Green Stamps.

 

[heitmullerj02]

Yes, I always keep my credit locked, much safer. Also when with anyone you don’t know, never sign. I tell them my attorney has to read it first, that gets me out fast. I also read the fine print, what drives me crazy is rental car companies, say just sign here, here & here.

 

[easyrider]

The problem lies in the fragility of such programs. There is no guarantee of persistence.

That is true. Some programs are better than others, imo.

Wyndham and Worldmark by Wyndham are the only programs I have looked at and after speaking to their exit team and reading of others experiences here at Tug with using this program I think the program works well and will be around until something better for members exiting is available.

Bill

 

[dioxide45]

That is true. Some programs are better than others, imo.

Wyndham and Worldmark by Wyndham are the only programs I have looked at and after speaking to their exit team and reading of others experiences here at Tug with using this program I think the program works well and will be around until something better for members exiting is available.

Bill

By Wyndham's exit program is also fraught with changes. It seems that recently they have stopped taking back converted weeks. At least at a number of properties.

 

[easyrider]

By Wyndham's exit program is also fraught with changes. It seems that recently they have stopped taking back converted weeks. At least at a number of properties.

That didn't affect regular credit based membership where no deed is involved. I wouldn't buy any timeshare that has a deed because of the filing complications. When we bought deeded timeshares I read the paperwork and it looked right. It was filled out by the resort. When I had a buyer it turned out the resort didn't have the right information on the deed. The resort made the changes and it only took them a month or so. The buyer bail on us. It took another eight months to get rid of the time share and costed another mf.

Bill