Hi.
Another remorseful newbie here, although we did not bite on the full-blown Shell Vacations Club membership last month (Kona, HI). We did however, sign up for the Explorer $2K trial 6000 point package, with only about $190 down.
After we returned home, both of us looked at each other and were ashamed at our gullibility after surviving the $10K presentation. Now due to economic uncertainty with our employment, the price of fuel, plane fares, etc., we do not want to move forward with this venture.
The dilemma is now this: 1) do we pay it off and hope everything will work out? or
2) do we just walk away from our downpayment and go into default on the agreement? (The agreement states that they may use any remedy allowed by the Explorer rules- don't see anything about default in the rules. Also they will cancel the agreement and keep the amounts paid to pay the Seller for default.)
Right now I’m seriously considering default and give up our down payment. The first payment is due next month.
I do not see anywhere that this would affect your credit rating in any way. Am I naive? From the agreement: “This is not to penalize you. Instead, our agreement and intent is to agree on the amount of the Seller’s damages now because it is very difficult …to figure out the damages that the Seller will suffer if you default. If this happens then your membership will end and your Explorer points will expire.
Yes, they promised the moon, but I really do not want anything to do with this group and their high maint. fees after reading some of these threads.
Anyone bail on this deal that you know of? Help!!!!
Bohunck
Another remorseful newbie here, although we did not bite on the full-blown Shell Vacations Club membership last month (Kona, HI). We did however, sign up for the Explorer $2K trial 6000 point package, with only about $190 down.
After we returned home, both of us looked at each other and were ashamed at our gullibility after surviving the $10K presentation. Now due to economic uncertainty with our employment, the price of fuel, plane fares, etc., we do not want to move forward with this venture.
The dilemma is now this: 1) do we pay it off and hope everything will work out? or
2) do we just walk away from our downpayment and go into default on the agreement? (The agreement states that they may use any remedy allowed by the Explorer rules- don't see anything about default in the rules. Also they will cancel the agreement and keep the amounts paid to pay the Seller for default.)
Right now I’m seriously considering default and give up our down payment. The first payment is due next month.
I do not see anywhere that this would affect your credit rating in any way. Am I naive? From the agreement: “This is not to penalize you. Instead, our agreement and intent is to agree on the amount of the Seller’s damages now because it is very difficult …to figure out the damages that the Seller will suffer if you default. If this happens then your membership will end and your Explorer points will expire.
Yes, they promised the moon, but I really do not want anything to do with this group and their high maint. fees after reading some of these threads.
Anyone bail on this deal that you know of? Help!!!!
Bohunck
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