My parents want to get out of Diamond Resorts. They have spent thousands on points and are now "Fractional" members, and have been told the points are theirs for life, then would pass on to me and my brother (we have no interest in them!).
The points were sold to them as an "investment" originally, which they were told would be easily saleable when they wanted to get rid of them. This is apparently not the case in reality. Extremely pushy sales techniques were used to get them to buy more and more points (salespeople pursuing them each and every time they went on holiday to one of the resorts etc, and "befriending" them - I told them this seemed really dodgy and to tell them to go away, but for whatever reason they didn't seem able to do this).
The maintenance fee has gone up massively - way beyond anything justifiable by economic conditions - to over £4000 pa. This is just an excuse to fleece them as far as I can see. They are retired and can't really afford the escalating maintenance fees.
Another company (can't remember the name) has now approached them, claiming that they can get them out, but say it will cost them another £11,000!!!! They say they can "probably" get them back about £30,000 of their initial "investment", from which the £11,000 fee would be recouped. This sounds dodgy as to me.
I wondered if anyone has actual experience of getting out? I'm looking for info / advice specific to Diamond Resorts, not general comments about the foolery of buying into the scheme in the first place! :) Thanks for reading.
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Diamond Resorts - Advice on getting out?
6 replies
Catsycat · 20/01/2016 21:15
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