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| Sat, Dec 21 2024, 23:59:47 | [ 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: Re: cash rebates? is it true? | |
Author: George | [ Next Thread |
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] Date Posted: Sat, Oct 29 2005, 12:39:07 In reply to: Kong 's message, "cash rebates? is it true?" on Thu, Oct 27 2005, 18:05:51 Hello my friend, i don't blame u for not knowing the difference btw ATC and RCI. After attending a 3 to 4 hrs presentation with the marketing company it is normal for a person to loose their wits and be confused. That is what these companies do to u if u succumb to the temptation of agreeing to listen to their so-called 'obligation-free' presentation to collect your free gift and offers. Now let me enlighten u... ATC or Asian Travel Club is a time-share membership marketed currently by IRN - Interval Resorts Network. U pay a certain sum of money for a Studio/1BD/2BD membership and get 1 week accomodation per year or alternate year (depending on what u sign up for). U will be given a choice of several resorts or hotels affiliated with the club. U also pay a Maintenance Fee annually or alternate year (depending whether yours is a Full or Alternate membership). The Maintenance Fee may rise without much warning and u have to keep on paying if u want to retain your membership (which u paid thousands for). Then you will be invited to be a member of a holiday exchange company - RCI (Resorts Condominium International) or II (Interval International) so that you can trade your free week and holiday in another resort or country where RCI or II is affiliated. For this there is an annual membership fee (currently S$150) and when u book the exchange u have to pay an exchange fee of another few hundred dollars depending on where u want to go. What people don't realise is that your exchange or ability to exchange is not guaranteed; there is some pre-conditions or rules associated with the exchange company before u can make an exchange (and this is seldom emphasised to the potential member during the timeshare presentation. So there u are : To be a timeshare member u have to pay a joining fee; an annual maintenance fee; an annual subscription with an exchange company; and if u make an exchange pay an exchange fee. Then u realise that your membership is worthless (there is no market value as the same membership is sold to many people at different prices. And if u have been paying by instalments and stop payments or tell your bank to cancel the advance credit card payment slips u get a threatening letter from the company for breach of contract terms. And say u have fully paid up and advertise for resale u get all kinds of crooks calling u up and making promises to help u sell but with some advance payments of course. And u get cheated again. Then the same marketing company can call u up and tell u they have another kind of membership which does not require annual maintenance fees and u can trade in your membership for this new kind of membership which also gives u 'cashback'(U won't have time to realise why they never showed this to u earlier). And u jump for joy and quickly sign up. Then the same thing happens - disappointment, disappointment and more disappointment - then the cycle starts again. CAVEAT EMPTOR, my friends........ [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| [> Subject: Re: cash rebates? is it true? | |
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Author: kong [ Edit | View ] |
Date Posted: Mon, Oct 31 2005, 1:39:30 thanx for the replies. Im certainly more careful now when i deal with the worthless ATC membership that i still hold. But surely there are ways to end this right? I mean, this helpless situation and constantly being told to pay more and more into something that we were being misled into buying. I really want to terminate the membership to stop all these. As for all the calls that im getting from various resale agents, i think someone is selling timeshare buyers' details. Im quite shocked that all these timeshares and memberships are actually legal after all the tactics and tricks they seems to come up with to make us pay more money. [ Post a Reply to This Message ] |