Wednesday, July 9, 2014

Confused As To What RCI Does/Doesn't Do? Start Here!


Timeshare owners around the country continue to experience some confusion as to who RCI is and what RCI does…and doesn’t do.
In an attempt to clear up this confusion and save owners time, aggravation and in some cases, thousands of dollars, here is an essential primer.

First of all, RCI is an exchange company.  They facilitate the exchange or trade of one timeshare to another in a network of nearly 4,200 resorts worldwide.  Timeshare owners typically pay an annual membership fee to RCI as well as an exchange/trade/usage fee.  RCI does not sell timeshares.
Many timeshare owners have been swindled out of thousands of dollars by not fully understanding what RCI does and what they don’t do.

Here’s a quick guide to assist:

*  RCI does not sell timeshare

 *  RCI does not set or charge resorts’ annual maintenance fees

*  RCI does not set or charge resorts’ special assessments

*  RCI can not and does not arbitrarily change the number of points in your account

*  RCI does not cold call in an attempt to sell vacation packages

*  RCI does not cold call with invitations for “informative meetings” at a local restaurant, hotel, meeting room or any place else

*  RCI does not buy timeshare nor facilitate in the transfer of any timeshare

If you have questions or doubts when you are contacted by a company claiming to be RCI, don’t do anything at all before checking with your home resort and Timeshare Insights for verification.

4 comments:

  1. What RCI does is this:

    You "deposit" your weeks to exchange them. If they are able to they rent your week to anyone they can for cash and they then keep the money. They fleeced you.

    Later, if you try to get them to make good on your exchange deposit they have already rented all the weeks they have, so unless you go way out in the future you cannot get what you supposedly own, because you gave it to them and they essentially took it, rented it and kept the money. They fleeced you.

    If the law were changed so this would not be allowed timeshare owners would become a valuable thing to them and the resorts, but as it is timeshare owners are a cash cow to be fleeced.

    ReplyDelete
  2. I appreciate, but do not wholly agree with your comment. RCI representatives, have from time to time, attempted to explain trades/exchanges rentals.

    I will make that opportunity available to them again via this blog.

    ReplyDelete
  3. What don't you agree with?

    I propose that if RCI and other exchange companies were barred from renting out your week there would be much less problem getting a week you want on your exchange, for everyone.

    The reason it's often so difficult to get your exchange is because of this.

    The exchange you are entitled to, by the way. If those weeks were there to expire instead of being rented, you could go there yourself, when you want to.

    Not a year in advance. Which is how it is not.

    ReplyDelete
  4. I just saw this.

    FTC Obtains Court Orders Banning Defendants From Selling Timeshare Resale Services

    http://insidethegate.com/2014/07/ftc-obtains-court-orders-banning-defendants-from-selling-timeshare-resale-services/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+InsideTheGate+%28Inside+the+Gate%29

    ReplyDelete