Tigercat
TUG Member
I need help. Before we were married 2 years ago, my husband purchased a Wyndham/RCI timeshare in Atlantic City (where we never go or want to go) with 165,000 points and he/we have never used it and the points expire every year. We finally went to some lunch on Sunday (November 15) midday and were talked into "upgrading" to the new Capitol Cove National Harbor and had the deed moved, payed several thousand more and got "VIP" status at teh 385,000 point level. I just looked at the contract and it looks like instead of the $20K I thought we had paid, it is actually a mortgage for $56K at 13% interest! The $20K was a "down payment." I have no idea what this is all about, but I have done some quick research and I can't see a single solitary place I would want to stay in RCI, especially for $56K! I think we are still in the recind period (I will look tonight) but this sounds absurd to me. Any advice for someone who until Sunday was blissfully unaware of what at timeshare was? Thanks!
Is there money to be made renting these out or something? We don't want to stay at National Harbor either as we live directly across the river in Alexandria, VA. The pitch was to get more out of the timeshare we own, that we needed a place with more international trading power in the RCI network. But still, I haven't seen any place I'd actually want to stay in the RCI network. I am a "cutural" traveler who prefers an in-town setting or a natural settings--I don't even like big resorts. My dream is to go on a luxury Safari--which I could do a lot of for $56K! Help!
Is there money to be made renting these out or something? We don't want to stay at National Harbor either as we live directly across the river in Alexandria, VA. The pitch was to get more out of the timeshare we own, that we needed a place with more international trading power in the RCI network. But still, I haven't seen any place I'd actually want to stay in the RCI network. I am a "cutural" traveler who prefers an in-town setting or a natural settings--I don't even like big resorts. My dream is to go on a luxury Safari--which I could do a lot of for $56K! Help!
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