Re: Terminate ERI membership -- Timeshare Victims Support Group

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Subject: Re: Terminate ERI membership

Author:
sim

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Date Posted: Sat, Dec 17 2005, 0:56:34
In reply to: Lawrence 's message, "Terminate ERI membership" on Mon, Oct 31 2005, 16:19:57

This thing about suing the timeshare member to pay up does not really make sense. What are the chances of successfully suing a timeshare member to pay up?

All of us know that Banks will sue creditors for defaulting on their loan payment. This it because the creditors took money that belong to the bank (legally that is). The creditor can be sued all the way till he is declared a bankrupt and repossess anything that he owns of value till the loan payment is cleared. The bank will go through anything and everything legally possible to get back �their� money.

What do you think about the Condominium industry? The condos cost many times more then a lousy timeshare membership. Do they sue buyers who back out of the sales at the last moment after paying the few thousand dollar deposit? The most that could happen is, the deposit will be lost to the developer, which we all know is the common market practice.

But for timeshare membership, you did not even take or consume anything from them yet and they persistently want to purse you to pay up. What if you are really sued? What do you think of the court judgment that will be passed? Will the court force you to continue servicing payment for a �not even once used� product, even when you are willing to forgo the initial payment and the partially paid membership? On what basis must the timeshare member be made to continue paying for what he/she does not want anymore?

I think this area of thoughts has been neglected. Please consider the points that I presented above.
All feedbacks are welcome.

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[> [> Subject: Re: Terminate ERI membership
Author: boggey [ Edit \| View ]	Date Posted: Sun, Dec 18 2005, 16:54:19 you sign a legal and binding contract.. give me a reason why they cant sue uin court??? [ Post a Reply to This Message ]