The Pros and Cons of doing Business with Diamond Resort International

[Thomas Hardy Junior Member Find all posts View Profile Close Thomas Hardy]

Pros
1. This would be a great purchase for any one/family with wealth and time to vacation. They have some of the most elegant resorts worldwide.
2. If you follow the instructions as the pamphlet directs; it's probably 98% chance you'll get what you reserved. And if not, and it is found that Its Diamond's fault they will correct the issue.
3. You will have the opportunity to see the world simply buy logging in or making a phone call and booking a resort.
4. There are millions members out there who love their DRI membership wouldn't trade/sell it for the world.
5. They truly are Vacationing made Simple.
Cons
1 .My membership purchase me obligated me to DRI in FOREVER, regardless "If lose my job, become sick, immobile, and/or I just don't want to be an active member anymore". My membership points are "Automatic"(meaning FOREVER, A LIFETIME of uncontrollable maintenance fees to be passed on to my children for the rest of their lives too.
2. The Sales Rep gave me misleading information about the product. He failed to inform me of very important details of the contract. I sign a bank contract under a false belief that I didn't have to use the bank.
3. I paid over $18,000 for 8500 points I only received 5000 points because they were not added on the contract.
4. I have endured rude customer service
6. I can't do anything about climbing maintenance fee prices.
7. I don't OWN anything, I purchased a "Right to Use" by points. I was told I would be a Timeshare owner.
8. It is very hard to resell the timeshare
9.DRI has no give back program.
10.If I don’t pay DRI, they will attack my credit.
I'll stop here... Just know I am an UNHAPPY member just like many of you. I feel I was tricked by misleading information and I caved to the pressuring Sales Agent's Dream presentation. Now by the time I pay off my time share with the 17% interest dealing with Quorom Credit Union I will pay over $37000 for 5000 pts. I was told by the sales agent I didn’t have to finance with QCU, but I had to sign their binding contract to go forward with the purchase. And because of work I missed the period to inform them I could not find Financing .Had I not listened to the sale agent and NOT signed that bank contract the purchased would of have voided itself out. I also perceived automatic point allotment as if I wanted more, I would not have to come back in and do another agreement. So now I 'm stuck in a contract with QCU. I spoke with a DRI customer care agent and she simply stated I signed the contract and I have to pay, there is nothing DRI can do for me. So "yes" I've tried to deal Directly with DRI in good faith to no avail. With that being said, I understand I don't have a lot of money to fight them in court, nor am I going to pay somebody to get me out of the contract. I have a voice, and I plan to use it on every complaint board I see. I will use my freedom of speech/to protest until I am free of DRI contractual obligation. Some people just lie down and allow themselves to get screwed not me. I haven't lied about anything stated above....I have proof. So if you are a DRI Board monitor get used to seeing this post every time I make a monthly payment on that $30,000 loan bill I was tricked into signing by your sales agent: Who can say whatever he wants and not be liable for his statements nor does DRI have to HONOR his misleading statements. We can keep them honest! If you would like to reach me, leave your info in the reply or PM me. To “Diamond Resorts International" Do not try to contact me with scare tactics I am covered under the freedom of speech and protest. I have not quoted anything verbatim off of your contract, nor am I attempting slander your name. I am merely giving an honest testimony on my experiences with your company. Do not contact me "unless" you are freeing me of my contract and this high interest loan obligation. I know you can do the right thing if you wanted too...Unfortunately your sales agent tricked the wrong Disabled Veteran of Marines...We are truly, no better friend, No worse enemy. I am a simple hardworking man with a voice; there is nothing amazing about me. If there was I wouldn't be in this situation, lol. I have more time and energy than money, I feel like a modern day David and DRI is my Goliath. I do not expect a miracle overnight but DRI will get tired of seeing and hearing and answering questions about this information in their presentations....If you want to help me out? Go sit thru a presentation, and reference this member# 46013434 (Use for that purpose only, I will not rent or sell this timeshare!) and ASK Questions. (((This post is not meant to deter any readers from doing business with Diamond Resorts International nor, is it an attempt to slander/damage Diamond Resort International's integrity or business procedures))). I am simply letting the world read my testimony of my current situation with Diamond Resorts International. Had I known this prior, I would have made a better decision. God bless America....

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

Polls are supposed to take into effect many choices, this poll is asking for answers to 2 questions.

[SallyHoover Senior Member Find all posts View Profile Close SallyHoover]

I feel I was tricked by misleading information and I caved to the pressuring Sales Agent's Dream presentation. Now by the time I pay off my time share with the 17% interest dealing with Quorom Credit Union I will pay over $37000 for 5000 pts. I was told by the sales agent I didn’t have to finance with QCU, but I had to sign their binding contract to go forward with the purchase. And because of work I missed the period to inform them I could not find Financing .Had I not listened to the sale agent and NOT signed that bank contract the purchased would of have voided itself out. I also perceived automatic point allotment as if I wanted more, I would not have to come back in and do another agreement. So now I 'm stuck in a contract with QCU. I spoke with a DRI customer care agent and she simply stated I signed the contract and I have to pay, there is nothing DRI can do for me.

2. The Sales Rep gave me misleading information about the product. He failed to inform me of very important details of the contract. I sign a bank contract under a false belief that I didn't have to use the bank.

You weren't mislead by the sales agent about QCU. You did have an option. You could have paid cash. You are also not stuck with them. You could pay off the loan now and not have to pay the extra financing charge. If you signed an agreement to purchase something and did not rescind in the allotted time, the contract you signed with DRI would not have been voided out. You would still owe DRI. The contract to pay back QCU is a different contract. I am sorry you bought something that you couldn't afford or didn't want or didn't understand but at this point you are at the mercy of QCU and DRI. Even if DRI agrees to take back the timeshare that would relieve you of the ongoing MF's but you would still owe the balance of the purchase price. It is hard to believe someone would sign a contract for $18,000 without taking the time to look it over to make sure it included everything you thought was in the contract but apparently people do it all the time.

Hope you get something worked out. In the meantime be careful of anyone who want you to pay anything upfront to help you get out of it. Even if they offer a contract that says you will get your money back if they don't succeed. While DRI will at least follow the letter of the contract, most "recovery" organizations are even bigger scams who will promise you what you want to hear and even include it in the contract but will disappear and get a new mail drop mail box and phone number the minute they think they can't get any more money out of you.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

The Con would be doing business with a timeshare company. (Con seems an appropriate term )

Still thinking on the Pro.

FWIW, I work with a "kid" whose Dad is the local DRI "Marketing Director". Nice kid.



suspect first post . . . waiting for a follow-up

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

There are a lot of timeshare products out there, and most are sold by developers in high pressure settings, so many buy a product that may not suit them. Buying resale and buying at member-controlled resorts in areas with a good supply / demand ratio can be a good product. Any developer purchase will be overpriced as ~60% of developer sales price represents marketing costs.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

But, in any event, the OP here is making the same point I make, and that many others make, no exit strategy, a complaint which many owners have, but one which those who seem to have taken control of this forum through proliferation and disrespectful personal criticisms do not like to hear about cuz they are still in Timeshare LALALAND.

To be a credible source of information, all sides need to be represented here. If timeshares are eventually going to mean thousands of dollars of obligated annual expenditure for something that is no longer of use, that needs to be said . . . often and LOUD.

JMHO.

[Presley Senior Member Find all posts View Profile Close Presley]

Can't you pay off with a lower interest option?

Also, I have read of a few cases where DRI took back contracts when people were no longer able to pay.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

But, in any event, the OP here is making the same point I make, and that many others make, no exit strategy, a complaint which many owners have, but one which those who seem to have taken control of this forum through proliferation and disrespectful personal criticisms do not like to hear about cuz they are still in Timeshare LALALAND.

To be a credible source of information, all sides need to be represented here. If timeshares are eventually going to mean thousands of dollars of obligated annual expenditure for something that is no longer of use, that needs to be said . . . often and LOUD.

JMHO.

http://www.timeshareforums.com/forum...st+certificate