I see I'm not alone when I say that I got suckered big time by these guys. Believe me, I take full responsibility for my lousy decision to buy this *** time-share. I'm posting here to help save others from making the same mistake.
Even if you think (like I did) that you are a savvy consumer who won't be suckered into buying one of these things... beware! Their sales reps are aggressive and relentless. And once you are in they continue to hound you about buying more weeks or "upgrading" your membership. I once spent literally eight hours in their offices for an "update meeting" during which I was talked to by three different people until they finally gave up and let me get my 150 dollars cash (which is how they get you in there).
I was promised a presidential suite when I upgraded and I found out that my deed is actually a "presidential access" deed which mean I'm not guaranteed a presidential suite at all and I was paying presidential prices.
On top of that, I lost my second job and could no longer afford the over five hundred dollar a month payment. I contacted the company to try and refinance so I could lower the payment. First they asked me to send them all this personal financial information including three previous bank statements, a list of all my monthly expenses, and they pulled my credit report twice. Then I find out (according to them) that I don't qualify for 'assistance'.
I told them that I would have no option except to stop paying them because I could not afford it. They then proceeded to make all sorts of threats including reporting me to the IRS (for what, I don't know). They attempted to intimidate me into paying. I refused and have not given them a dime in over six months. So far, they have not reported me to the credit agencies and the loan has disappeared off my credit report (I have no idea what that means).
I would have gladly continued to pay them (even though I did not use their services) simply out of a desire not to wreck my credit but they were totally unwilling to work with me. Even home mortgage providers are willing to work with you these days but these guys won't budge an inch. They will not get any more of my money.
Monetary Loss: $10.