RichRichy
newbie
- Joined
- May 29, 2017
- Messages
- 5
- Reaction score
- 0
- Points
- 1
- Resorts Owned
- Diamond Resorts International
So here is the basic background story. Diamond Resorts International, DRI, offered a 5000 point system that cost a down payment and $300/month. My wife and I were fine with this when we bought it in January. In April we had an 'orientation' and we thought we were buying a replacement loan. We asked more than once that it will take over the first loan. We did a down payment and the paper said it was going to be $525/month. We said ok. 12 days later, I checked my membership online and it said I owed $825/month. I called DRI, sent emails, sent letters, each time they said that I needed to read the contract and i had 10 days to do that in Florida. So they kept saying that is the contract that i signed and regardless of what the sales person said i had enough time to cancel. Because of the two loans, it says I owe them $129,000 with the loans and current maintenance of approx $3000/year. I went nowhere with DRI. I never would've said yes to two loans because I can't afford $825/month for vacations.
Today I did a consultation with TimeshareCompliance and they want $17,000 up front to cancel both loans and not affect my credit. Is this a fair price or am i getting duped again? It will be in writing. They said they are going the legal angle because I would never agree to two loans and I was in the sales pitch for 4 hours total. What do you think I should do to cancel the contract since it will eventually bankrupt me if I do $825/month for 10 years.
Today I did a consultation with TimeshareCompliance and they want $17,000 up front to cancel both loans and not affect my credit. Is this a fair price or am i getting duped again? It will be in writing. They said they are going the legal angle because I would never agree to two loans and I was in the sales pitch for 4 hours total. What do you think I should do to cancel the contract since it will eventually bankrupt me if I do $825/month for 10 years.