Exchange Programs Considered A Top Reason Why Timeshares Are Horrible Investments
The RCI timeshare program is simple and works in a big way. RCI knows that customers don’t want to vacation in the same location every single year, and make a massive profit on this fact. The RCI timeshare scam works by getting their profit from the annual membership fee, an exchange fee for any successful trade, and hidden deadlines. Customers complain that these exchanges are rare, and the RCI timeshare program works mainly by the lack of availability while collecting the annual fee.
Other Issues With the RCI Timeshare Scam
A huge part of the RCI timeshare scam is that their fees stay the same or increase over time while the value of your timeshare decreases. Customers may be able to make a successful trade while the timeshare is new and beautiful, but the longer the ownership, the less value is attributed to your timeshare, and the less likely you will be able to make any reasonable exchange. You are stuck paying maintenance fees and annual fees while the value is sucked out of your piece of the exchange.
Have you been the victim of the RCI timeshare scam? Please post about your experiences, and warn others not to get swindled!