In an attempt to clear up
this confusion and save owners time, aggravation and in some cases, thousands
of dollars, the National Timeshare Owners Association is providing you this
short, but 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 or trade 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 the NTOA for
verification.
1 comment:
Plenty of families buy timeshares with the expectation that swapping properties with others will allow them to vacation all over the world. This is not often the case, and may be more trouble than it’s worth. Even if you do have a timeshare worth swapping into, it requires a lot of research into each possible swap location before finalizing your plans. You don’t want to end up swapping to a location that has poor maintenance records, few amenities, and a bad surrounding area. Unless you join a very active network that has dozens of interested swappers every day, you might find this swapping process difficult and a hassle
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