Wyndham Timeshare, is it a good purchase?
Wyndham Resorts is the largest hotel company in the world, with over 7300 resorts worldwide; however, its reputation regarding timeshares it’s not the best.
Vacations are a good opportunity to get out of the busy daily life and to spend quality time with our beloved ones, however, with the struggling economy; it is every time more difficult to find a destination that fits our budget and meet our needs. In the effort to find economical ways to travel, fractional ownerships appear as an attractive vacation option.
Nowadays, many resorts are focused on selling timeshares, being Wyndham one of the most prestigious. Wyndham Hotels & Resorts is a corporation that was founded in Texas in 1981. The company grew up very quickly in the late 1990s and with approximately 7340 hotels worldwide, Wyndham has now become the world’s largest hotel company.
With over 915,000 owner families, Wyndham vacation ownership, also known as Wyndham timeshare, is the largest vacation ownership business in the world. The whole system counts with 25,000 individual units in a network of 180 timeshare companies throughout the United States, Canada, Mexico, the Caribbean and the South Pacific. During timeshare presentations at Wyndham, vacationers are offered a Wyndham timeshare points for sale package, being that the company uses a points-based system.
Exchange and Rentals
Being a global leader in vacation ownership, Wyndham timeshare has a program called Exchange & Rentals, which has 3.7 million RCI subscribing members. Wyndham Exchange & Rentals has the goal to deliver dream holidays to leisure travelers. The company provides access to more than 100,000 vacation units in almost 100 countries.
Wyndham resorts are absolutely beautiful and modern; however, the company does not have the best reputation regarding timeshares, which is not surprising being that they have an F rating on the BBB. Most complaints are about the deceitful business practices and insulting behavior on the part of Wyndham timeshare salespeople. According to the BBB, they have a total of 1475 complaints:
- 1040 about the sales practices
- 128 about collection issues
- 3 about delivery issues
- 304 about problems with the product/service
Wyndham timeshare presentations are hardcore and very long-lasting, people are usually pressured and bullied into buying a timeshare. The company has been sued in federal court several times by many wyndham timeshare owners for committing wrongs in their vacation credits, such as breach of contract, violation of California’s Timeshare Act and breach of fiduciary duty, among others.
Another common complaint is that maintenance and assessment fees increase very constantly; to the point lots of timeshare owners are no longer able to keep paying them. Many of them decide to stop paying, which is a huge mistake, being that their debt is taken to a collection agency and it ends up affecting their credit score very badly.
To read more timeshare complaints about Wyndham visit the next websites:
- Consumer Affairs
- Ripoff Report
- Pissed Consumer
- Complaints Board
- Reviews Talk
Is a Wyndham timeshare a good purchase?
Only if you are willing to use your timeshare properly and pay the monthly timeshare maintenance fees. Take into consideration that a timeshare is NOT a financial inversion, you can actually save more money planning your vacations by yourself, than purchasing a fractional ownership.
How to get out of a Wyndham Timeshare
There are many solutions regarding unwanted vacation properties. Most people try to sell it, but they find themselves into a dead end after they realize the resale market of timeshares is not robust, and never has been. Consequently, the best way to get out of a timeshare membership is by cancelling the contract.
Timeshare cancellation has many advantages, but the most important is that once you cancel a timeshare, you do not have any further obligations attached to the resort. At Mexican Timeshare Solutions, we assist timeshare purchasers who feel they were scammed by the resort and we are sure of what we can achieve for you. Contact MTS for a free consultation and a full advice on you matter; it’s time for you to get away from that contract!
Information to Share
- Share this link http://www.timesharescam.com/blog/149-wyndham-timeshare/ on your favorite blogs and forums