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selling weeks for points

mbells

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My timeshare has lost their RCI rating and are now trying to sell weeks for points at $3000 for each week converted to points ..sounds like their on the way under I am thinking about paying only taxes and not maintenance .does anyone know what will happen
 

ronparise

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what happens depends on the property owners association and their collection policy

almost without a doubt you wont get to use the place any more...next will come the collection calls, and ultimately foreclosure. Credit bureaus will pick up the foreclosure and your credit score will take a hit..you may not get approved for a mortgage, car loan etc for several years..and when you do the interest will be higher than it would have been otherwise

I own at a resort that is also trying to sell rci points to their owners, but if I dont do it (and im not going to) I can still use the unit as I always have or deposit it on the rci points side....nothing has really changed for me...and I doubt that it has for you
 

mbells

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My resort is Losing their RCI rating due to a number of sub-standard issues which they are "attempting" to resolve..which means that I cannot deposit it with RCI until or if these issues are resolved..they have suggested that I try Interval International (more money??) or use the week as is..wondering where the fees that keep rising are actually going
 
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