pacodemountainside
TUG Member
Originally Posted by pacodemountainside
... Several months ago many Wyndham owners, myself included, got a similar letter saying pre-approved for $25K to make a Wyndham time share purchase. Just another scam.
No, the pre-approval letters are not scams. Do not know if you want to use it or not but the pre-approval is real. My wife got one not long ago.
RR:
Relax, kick back, turn on AC and have a cold beer. Here in Colorado with wild fires burning and record setting temperatures only way to survive.
I have no doubt Wyndham will honor the letter which I think stated like 15.9% interest and conditions and terms apply! They do a rough pre-screen at resort making one produce driver's license, show major credit card and state income. Just like they honor paying bribe to seduce you unto a sales pitch. Bottom line is they gottcha!
In my book it does not make a difference how they hog tie you to try and scam you into buying something for ten of thousands of dollars that is only worth a couple bucks, it is a scam.
As far as extending credit to anyone have you ever seen or heard of anyone refused financing on a time share with 20% down and 15.9% interest rate? As Main Man has said in financial analyst presentations foreclosures are not a problem. The minute an account is deliquent it is frozen. HOA maintains resort so there is no difference in units. Not like car or house where owner keeps using for several months and trashes.
Think the car dealer that offers a trade in(push, pull, drag) of say $4K for any vehicle put on his lot. Newspaper had dizzy blonde swinging chick haul a junker purchased for $100 bucks and sure enough they gave her voucher good for $4K trade in. She picked a blue super mobile and sales man said $29,995 less voucher. She declined and they told her to remove her trade in. That afternoon automotive editor came in and said no trade what is best price for same car. $25,495!
Cavet emptor!
... Several months ago many Wyndham owners, myself included, got a similar letter saying pre-approved for $25K to make a Wyndham time share purchase. Just another scam.
No, the pre-approval letters are not scams. Do not know if you want to use it or not but the pre-approval is real. My wife got one not long ago.
RR:
Relax, kick back, turn on AC and have a cold beer. Here in Colorado with wild fires burning and record setting temperatures only way to survive.
I have no doubt Wyndham will honor the letter which I think stated like 15.9% interest and conditions and terms apply! They do a rough pre-screen at resort making one produce driver's license, show major credit card and state income. Just like they honor paying bribe to seduce you unto a sales pitch. Bottom line is they gottcha!
In my book it does not make a difference how they hog tie you to try and scam you into buying something for ten of thousands of dollars that is only worth a couple bucks, it is a scam.
As far as extending credit to anyone have you ever seen or heard of anyone refused financing on a time share with 20% down and 15.9% interest rate? As Main Man has said in financial analyst presentations foreclosures are not a problem. The minute an account is deliquent it is frozen. HOA maintains resort so there is no difference in units. Not like car or house where owner keeps using for several months and trashes.
Think the car dealer that offers a trade in(push, pull, drag) of say $4K for any vehicle put on his lot. Newspaper had dizzy blonde swinging chick haul a junker purchased for $100 bucks and sure enough they gave her voucher good for $4K trade in. She picked a blue super mobile and sales man said $29,995 less voucher. She declined and they told her to remove her trade in. That afternoon automotive editor came in and said no trade what is best price for same car. $25,495!
Cavet emptor!
