With our change in work and income we could use a little help.
NOTE: When you by a time share, you are told that because you have a deeded property, you have an investment! We were told that our Disney property would keep growing. NOTE: There is NO market for these! At Branson you see these places that say they buy timeshares. Yes, at 1/10 the value! THERE IS NO REAL MARKET!
Now the story begins:
THE HOUSING DEAL: WYNDHAM STYLE
Each time we go on a trip, Wyndham Member Services wants to stop by to check and see if all is well and "Is there anything we can help you with?" We asked about the changes that we had heard about and the guy, Loy Frazier, was shocked that we had not be contacted. We made an appointment for the next day to talk about some good opportunities that included: refinancing, lowering our maintenance costs, getting a personal vacation assistant, and managing our points better.
THE MEETING:
Old Loy, our friend, met with us and explained that he had found out why we weren't getting notices and that we had missed a very important meeting with would have given us some great options. He went on and on about the meeting. I stopped him and said, "I know we missed the meeting. Can we move forward?" He did not like that!
He (still in good guy mode) did show us how to get discounts on our vacations and room up grades.
He then started explaining that our current deed and maintenance costs are bad. The maintenance costs will continue to grow until our kids won't want to inherit them. My goodness, he was convincing us that we were in a trap caused by Wyndham. BUT don't you know that they figured out how to help us. "While I go get some paperwork that THEY are sending since YOU missed the meeting just fill out this stuff."
What he gave us was a Wyndham Rewards Visa Credit Card App! When he returned he immediately showed us that if we took ALL our monthly bills and other credit cards and put it all on this card, we could OVER time get rid of "all our maintenance fees." WOW isn't that great?
What is the interest rate we ask? He changes the subject.
Now let's convert the deeds into a points type deed and we can save further increases.
I won't bore you, but this took TWO hours.
Instead of paying your monthly payment of $290.00 for 5-1/2 more years and paying $130.00 per month maintenance why not buy into a system that after a $10,000.00 down payment and a ten year note at $490.00 per month (12% interest) and a "locked -in' $170.00 per month maintenance fee very thing will be better. And you know that your $170,00 per month will go away because of your new credit card.
Summary:
Now: NO $10,000 Proposed: Give us $10,000.00
Now: $290.00 a month for 5-1/2 years Proposed: $490.00 for 10 years
Now: $130.00 per month maintenance (subject to rising) Proposed: $170.00 per month
Now: ! Proposed: Use a credit card with unknown interest!
Well, Mike and Carol, what could be better?
At this point it, became identical to buying a car complete with righting things down, leaving the room coming back with a Better deal. And even the Manager coming in!
Mind you, at no time did we say we were interested. We said NO to the down payment. No to not knowing the credit card interest rate, and no to the increased cost of everything.
He kept returning until the down payment was down to $36.00! Of course they interest rate rose to almost 15% and the monthly payment to about $600.00.
When we mentioned, that we were not about to make such a commitment today. WELL he got extremely indignant and stomped out of the room! The cleanup guy immediately came in to rescue but he quickly saw that he better leave as well!
By the way: There was no refinance option, No personal assistant, NO Help ANYMORE since we are renegades!
I still like our timeshare, but I have NO use for WYNDHAM RESORT MANAGEMENT!
P.S. We still don't know what the credit card rate was!
Otherwise Branson was fun, and my old friend, Loy, is still on the loose.
This is a true story of how you too can lower your monthly expenses.
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