A FINANCIAL LESSON

A story to be told. All about Finance. No matter what you buy, read the small print. We all know that! But really, when the paper work is so painfully long, all you can think of is getting it over with. So, here goes.

Buying a time share is like buying a house. Many papers to sign. You want to trade-in one timeshare, as if it was a car, to purchase a brand new time share. Simple, not exactly.

So, you sign the papers based on the financial agent information. He wouldn't lie! Maybe not on purpose, anyways. It's August 2008 and you realize that you have to send all trade-in documents such as a Deed to a third party that actually buys and sells timeshares. You think it's over. HA!

October 2008 rolls alone and the third party said that you owe them for 2009 maintenance fees ($834.00) and 2009 RCI fees ($124.00). You had three weeks in the RCI bank that you did not use and you nicely signed it over to them for free. By the way, you will not benefit in 2009 from any of the monies you just paid. The timeshare belongs to the third party.

ONLY IN AMERICA, A LOOPHOLE TO GET SOMETHING FOR NOTHING!

You see, you signed one form stating that you will deal with this third party, while written below in small print, legal mumble-jumble, it mentions the fees. Oh Yea! you are tired and have been in the building about 4 hours discussing and viewing your new timeshare. Exciting.

Later, it hits you like a brick and you don't want to pay and now the third party sends you a letter or two about defaulting on your legal agreement. Threats. What do you do?

BLOG ME!

Do you think the third party over stepped its legal bounds?

Do you think this 5 star resort needs to get out of bed with this third party?

Maybe the resort can help pay the bill.

Do you think there was deceit on both the third party and resort?

Do you think it is all your fault because you signed that agreement.

Maybe the Commonwealth of Virginia might won't to know.