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| Fri, Dec 27 2024, 3:19:33 | [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, 5, [6], 7, 8, 9, 10 ] |
| Subject: ERI - More tricks ? | |
Author: Christina Koh | [ Next Thread |
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] Date Posted: Tue, Mar 11 2008, 12:47:22 I've signed a contract in 1999 with Emperor Resorts International (ERI) to purchase a holiday time share package that belongs to H.C. Asia Pacific Pty Ltd (Australia) (HCAP). After I received a lot of bad experience and feedback about time share companies, I decided to terminate my contract (S$15,800) by not paying the outstanding balance (S$9,350). In 2003, I've informed ERI that I want to terminate my contract by forfeiting the sum (S$6,450) I've already paid to them. And since then I've not heard from them. Beginning 2008, I received a call from Axial Management (Singapore) who claims that they are associated with Great Eastern Trust & Asset Management Co. Ltd (London). They are also acting under the instructions of World Travel Organization to approach the members of ERI, to compensate the members. Their condition is - If I pay Axial a sum of S$17,800, World Travel Organisation will compensate me S$20,000 three years later through Axial. Great Eastern Trust will also pay me through Axial a sum of about S$30,000 for utilizing my package. Though this amount is guaranteed by Axial (in writing), I feel that there's no 100% guarantee that Axial Management will pay up three years later or even exist after 3 years.. My most worrying concern is Axial Management may be scamming people into paying more money. Therefore I rejected Axial Management's proposal. Very soon, about 3 days later, I received a final warning letter from ERI asking me to settle the balance payment within 7 days, otherwise they will take legal action against me to recover the amount. I find it very puzzling that ERI suddenly issue me a final letter after 4 years, and especially so soon after I've just rejected Axial's offer. I suspect that both companies are related to each other with Axial claiming they want to help ERI members get out of the contract by making the members pay more. And if members rejected Axial's proposal, ERI will threaten to sue, thereby leaving the member no choice but to take up Axial's offer. Latest update : I've just received a call from a company called Villas & Hotels Pte Ltd, claiming that ERI has authorised them to recover all outstandings due. They asked me to go to their office to settle the matter amicably, otherwise they will take legal action. I tried searching for this company under ACRA.gov.sg but the company is not registered at all. I've also checked with HCAP Australia, they do not have any record of my membership at all. They have terminated ERI as their marketing agent and advised me not to pay ERI anymore. If Villas & Hotels Pte Ltd continues to harass me, my next course of action will be to make a police report about the scam and take the matter up to CASE too. BTW, anyone aware of any successful case against ERI? or knows of anyone who succeeded? Please advice. [ Next Thread | Previous Thread | Next Message | Previous Message ] |