Avoid This HUGE Money Trap After the Pandemic is Over!

from Ramsey Solutions headquarters broadcasting from the Dollar Car Rental studios, it's the Dave Ramsey show where dead

money

is king in paid-for houses. The mortgage has taken the place of the BMW as the preferred status symbol. I'm Dave Ramsey, your Host, we're glad you're with us today for the last 30 years and I, from the time I turned

this

microphone on until now, we've had one goal and that's to help you live a better life. That is done with knowledge, knowledge is power. you do it when you transform your life, your actions, your habits, your behaviors as part of that power, that power gives you the ability to transform your life and God working with you blessing you, that is absolutely amazing and that is why it is one of the things that maintains that people win in one area of ​​their life as

money

is a bad product.

Financial things we do that fall under the rubric of stupid, that are designed to benefit the company selling them and rip you off. We talk about them all the time. don't buy whole life insurance, we tell you don't lease a car, we tell you don't use credit cards, for the love of God, stay away from the payday lender crowd and don't go in there and pay interest of 800 percent, don't buy a stupid timeshare we tell you

this

kind of thing all the time there are some of these spaces where we tell you that not only is the product bad but the vast majority of people in the industry are bad, these are Bad people selling bad products in bad conditions. ways and that makes it like a triple loss, you have to stay away from this, but the vast majority of payday lenders fall into that category, the vast majority of credit card collectors fall into that category and the The vast majority of timeshares fall into that case, Gouri, bad people who sell. a bad product in a disgusting, illegal, lying, fraudulent way on a regular basis as standard business practice, we run into it all the time, we run into the horror stories we hear from you, how you got screwed, now, granted, it came in over there.

I got the quote-unquote free vacation, which turns out to be a high-pressure sales event that lasts two and a half hours and is promised to last 30 minutes and there's no vacation where you spend all your time trying to get this person off your back. That's lying, cheating, stealing, plotting, anything they can do to make you go away with one of their fools, but Tom shares before you leave and every word that comes out of his mouth is a lie, they're scum, it's unbelievable, I can't believe it. Every industry now, some car dealers have told people that Dave Ramsey leased a car, which is obviously a lie.

Some people have said that Dave Ramsey is a credit card, which is obviously a lie, but I hear every week that he is sometimes a chair salesman. is telling someone that Dave Ramsey has a timeshare. I have never had a timeshare. I've done just about every horrible, stupid thing you can do with money, but timeshares aren't on the list. Let me tell you, there are no conditions. The only people who sell. Timeshares are the higher end ones that you might want to think about doing, but I still won't recommend them, for example, Disney. Disney timeshares are a completely different kind of timeshare, but most of these things are just top-notch.

You wouldn't let any of these employees, you wouldn't let the owners of these companies into your house and you still buy them a week's vacation and it sucks if you had eight words to spend this hour starting the process of uncovering all the evil. behavior in the timeshare industry it's unbelievable when you get depressed how dirty it is how dirty these people are it's evil if they've lied to you they've scammed you they've pressured you they've beaten you whatever by the time the time comes for sure call me I want to talk to you this hour I want to hear real stories from real people I have many but if you want to call right now the phone numbers triple eight eight two five five two two five three of the biggest bad behaviors three of the biggest bastards on the market, our Diamond Resorts International are the king of the bad Westgate and Berkeley groups, which are classed as holiday village resorts.

Now just go and Google it, it'll take you ten minutes, just Google Diamond Resorts International or Westgate or Berkeley and you'll see what I do. I'm talking about Google Wyndham, you'll see what I'm talking about, just ask TripAdvisor, you look at Yelp, you look at the Better Business Bureau, you just find not one or two pages of complaints and pages and pages and pages and pages of bad behavior from these people absolutely amazing they don't transfer that date they don't let you use the other property like they said they don't give you the tickets they said they try to kick you out after promising you a free vacation like They said you know it's amazing and they sue them all the time.

Westgate loses lawsuit over high-pressure tactics and Tennessee. Here is an article. Timeshare buyers Nathan and Patricia Overton alleged that they were promised many things when they purchased a timeshare unit in Gatlinburg, which they later proved. be false when you promise something in business that turned out to be false by the way, that's called fraud, for example, they claim that they were promised a specific room during the Christmas season, but then they were told that it was not possible for the rooms to only be assigned to them few days. Before the visit, Westgate lost an appeal of the case and obtained a critical opinion from the appeals judge that tired him to participate in the judge said Westgate engaged in intentional and fraudulent conduct and violated both Tennessee timeshare law and the Tennessee consumer protection law. wrote in his opinion and this kid this article goes on and on and on and on and on Westgate says this is an isolated incident if it was an isolated incident there wouldn't be pages and pages and pages and pages of people saying the same things about Westgate about Diamond Resorts International about the Berkley group all the time over and over and over and over and they are amazing here are some of the posts this is about Diamond Resorts International Lisa says they have been terrible the last five years is they have become horrible, the HOA prices have skyrocketed.

I've been trying for six months to get a reservation. I have annual points. It has become disgusting. They are out of control. Owners must pay or they will foreclose on us, but our resort time never ends. available this is a scam I'm looking to get out of this I think I need a lawyer or a class action lawsuit cliff says to put it bluntly Diamond Resort international salespeople are scum of the earth and will tell you anything to get you So every time you visit a resort, you'll want to endure another confusing and complicated sales presentation, and you'll learn that everything they told you last time was nonsense and they proceeded to feed you new lies.

I would advise you to stay well. free of them, stick around and find out how to buy good resale properties instead of retail, this goes on and on and on. I can read these four days, but I'm going to talk to you two about the experiences you've had with timeshares. processing the disgusting, dirty apartment you're supposed to receive rent in, the disrepair it's in the way people lie, they lie, did I mention they lie? This is the Dave Ramsey show we're talking about, timeshare departures this hour. We're talking about timeshare problems this hour, we're talking about the timeshare industry and what a scam it is this hour and I want to hear some of the stories that I've heard but I just talked to a few of you triple eight phone numbers eight two. five five two two five let's go to Shirley in Wisconsin Surely welcome chef Dave Ramsey hello Dave how are you doing better than I deserve what happened about seven years ago my husband and I went to Florida we love going there and see the water and the winter and get out of the forest constant cold we went to a timeshare because we go to Disney and the tickets are so expensive we thought we'd save money let's listen to the timeshare let's say no I just got free stuff and leave so our two hours become five hours you are in their sales room for five hours yes sir why didn't you read for the people?

We're in Minnesota or I just live in Minnesota. You can say Minnesota, nice, oh you. You're nice, okay, that's why it's okay, yeah, I'm nice, okay, but anyway we thought we were pretty good, we said no, we walked out of there with our three tickets, we were very proud because we made it through the night because we did. The only thing we could think about was God. I know it's right outside of Disney and everyone will want to go there and they showed us the unit that would be like buying, that would be our place to stay, it looks beautiful, everything was updated, we had older kids or empty nesters getting ready to be empty nesters at that point we thought, oh, they'll have to get married, we can use it for their honeymoon, as it turns out we went the next morning and practically begged them if we could still have a second chance at the same thing. timeshare because of that low maintenance fee of $300 a year so now we still have $4,000 left, it was seven years ago when we were Financial Peace University, we started it at the end of January so we know how stupid what are we. we are going through, we will be debt free, including paying this off in 2023, we will pay one hundred and thirty-five thousand dollars and we will only have the house left and that will be paid off two years after that.

Wow, good for you on that, so they stayed. you were there five hours and it worked because you came back the next day yeah yeah and they're better so the normal is denied so the $300 maintenance fee how did it work? That hasn't changed, but we have a feeling that once the unit is paid off, it will start to go up. Yes, they get you with the loan or maintenance fee. They continue to receive the same amount. timeshare in particular what company is it that is through Silver Lake Resort through RICA okay and where you promised you could change it to a different one if you wanted to go to a different location yeah yeah yeah we're trying to do that yeah , they.

They showed us the map. We went back there three or four times while we could. We go to Florida every year. We can't find anywhere to use their timeshare for that, so we gave it away to some people we did have. one daughter got married, we shipped it, it was great, so you were able to get other locations, yes, but it's very worn out. You know, the places we get our briefing aren't exactly what they showed us. We also stayed at the resort, but we didn't get to places like they showed us. We went back to Animal Kingdom where they had braces that go to the pool at 0:00 in the morning so it's a bad business the maintenance is the thing has gone down it's deteriorated and have you complained about that ?

Yeah, we were there in February and we said, well, we just want to pay it back, we know we have 4000, we're not going to pay the 4000, just take it back, we just want to get this over with because we don't want any dates on our credit or you know, I know we're not going to use credit but yeah but they wouldn't of course they said they would only get them back at certain times and This is no yeah not when you're here yeah that makes sense yeah so with everything you've spent So, with everything you've spent over the years, you could have gone to nice places, right?

Oh, sure, yes, absolutely. Yeah, so it doesn't end up being a money saving event and it ends up being a money pit and you stay in places that are money pits. Yeah, exactly, we can never see where we want to stay like we like to stay on beaches, you know? snow never have anything. I have had a continuous search for eight months and was promised that I could always find something if I used it. I tried for two years and they didn't pay you a dollar. an hour for the time you spent searching, you would have gotten your money back, yeah, sure.

Wow, thanks for calling. I'm sorry you were scammed. You're not the only one Jeff is in Idaho. Hey Jeff, what's up, I just wanted to. To show you my history with the city in 2018, we went to San Diego, our friend had a timeshare there and he said that people can pay the price in cash, which was a couple hundred dollars, to be able to stay three or four novenas accounts, remember exactly. number of nights, but we checked in and of course they pressured us too, they said come and do the tour and after the tour you will get a free night stay at any of our resorts in the future, so I went back to the car and I told my wife about it and she was a little disturbed by it.

I said, okay, we'll try it. They said it would be a minimum of two hours. I think it was around three, three thirty. Good sir and the The most important thing, yes, the most important thing we come across is what we are singing, no, to this lady that we have who is prettier and she began totell us how we were their parents because we were not providing vacations for our children, no, little eNOS, yes. I'm serious, like they kissed my wife and I said we're done, we don't need any more of this, so focused, probably 30 40 minutes to get out of there, I tell them no, we're done, let's move on, I think we're going to have a free vacation, but we're so angry that that was the beginning of our trip, our three or four days, and it made our trip terrible, it was a little annoying and then like you said, you got to the resort.

It was like a very low-end motel, that's how we felt. It was a new luxury. I paid a couple hundred dollars a night. No, boy, that's a couple hundred for everything. IME codeine there and I think the world brands are that son, who is the world? The words of the world mark young smart would be oh my gosh, yeah, okay, yeah, yeah, well, the terrible. experts, my wife just feels and she was so angry and just trying to sell the parents that we were and like you said, they started getting dirty with yes, yes, how old were you?

Like I said, that was a couple of years ago 36, okay, okay. Because I, man, I think if that happens to you again, there's no way you're going to stay there for three hours, right. I can't think of anything we can buy anywhere that takes three hours to buy. You know, I don't spend three hours shopping. a car, you know, it's funny how they did it, that's the manipulation of this is amazing, hey, thanks for sharing, they told you you were a bad parent if you don't buy now, that's a technique that works, it made the customer angry.

I'm telling you these people are scum, scum, scum. Regina is in Kentucky. Hi Regina, tell us. Hi, this was years ago, but my husband signed us up for one of those tours and in Myrtle Beach, you know, and we had two and three nights free. Stay at the hotel and then they offered us tickets to some of the attractions and free food at a restaurant and all that, so we go and check in and seven, of course, you have to use a credit card to check in, they've been going to pay, you know, if you went to her, I'm sure, so we go and at that time we had three children and I left him with my friend, she had children, well, she had to go like three to go get her. to go pick up their kids and I think if I remember correctly the tour was like a news story, at 2:30 we were still sitting in that big room where they were high, they ascended through the sales pitch and they had tried. like a billion times they just said no, no, we're not going to do this and she kept saying, well, the soldier is crying, you know, go out and find this freeze that he can leave and I was like, "I have to go, so I went and I took the kids and I came back with the kids and he was glad that my husband was still sitting in that room and they wouldn't let us go.

I mean, they just wouldn't let us go. That's exactly how they work. Wow, I'd pinch to the kids and it would make them cry. oh the disgusting timeshare industry we're talking about that today this is the Dave Ramsey show we're talking about the disgusting timeshare industry and the horrible products that push and push and control to the number of times they get sued. Of course, in any bad industry there is a whole spectrum of bad actors, from extremely bad actors to not so bad actors, probably the best people in the business, as it is possible Don't be surprised because Disney has legitimate products and they're still not a fan of the product, but at least you can sell it and they don't lie and they don't get sued for fraud and all that other stuff like people like Diamond Resorts International or Westgate or people are. of the holiday village resorts made by the Berkeley group.

The number of complaints when you Google the names of these companies on the Internet is mind-blowing. I have never seen an industry that is so hated by its customers across the board, so we take into account what your timeshare nightmare calls your purchasing experience. or trying to use a timeshare and over the years I have done this periodically. I've never worked a full hour on it, but I know many of you are gearing up to think about vacation when you get out of quarantine and I'm not. I don't want you to fall into one of these things, the last thing you want to do is sign up for timeshare vacations and be stuck in a room for five hours.

The norm is in Michigan. The norm for me is your timeshare story, yes, days, thank you for taking my call it really is a true honor to speak with you, Mr. Triana, you too, sir, yes, I am known from Michigan, I am not afraid of a good Minnesota people, I'm from Michigan, so yeah, we went to Las Vegas about 15 years ago with my wife and I. just to get away for a while and we said I'll do this free tour, well exactly the free tour turned into four hours and the last two hours we were pressured in the office and I told the guy no, no, up to five times and I got up and I walked away twice only to come back and my ending was almost an argument and I was right between me and him because I wanted to let my wife understand so it's not very good and I would just say that.

You know they are trying to earn a job by trying to do their job, but on the other hand you have to realize that you are setting yourself up for a bad future in your home life and people think about that. I know it backwards. side of that baby, my brother and sister in law have a timeshare and we go with them and we have enjoyed every digit within our state, you are sorry but we pay them for the use of their points, yes we take a vacation , I hope so. Do you remember the company that is worth it?

It's good, I think with a Marriott, yes, yes. I'm Marriott. Timeshares are right up there with Disney, they better keep their properties running and it's a much better, much better situation. I've actually stayed at some Marriott resorts as a customer only, but not as a timeshare user, and it's the same situation. I swim in the same units and we do a lot of business with Marriott. That's cool, remember that company you almost joined? a fight, there are a lot of them in Las Vegas, yes, yes, but we were there on vacation, but again, it is a real honor to speak with you, sir, and I followed it, it is not offensive, like I said, I paid my own university.

I was. to university in my face with all my stones and when I finished university I was 24 years old and I made a list yes, like what you said, I made a list and while I was doing this before I heard from you and I paid From lowest to highest, the loan from my car I could buy my books, like the license plate, my blah, blah, blah, and really a day of honor. You too, sir, thank you, thank you for sharing your story. Carolina Tara, tell us about your time, sure, nightmare, hey babe, my family and I went to Myrtle Beach, South Carolina, one year, like two years ago, and at the hotel there were people in our lobby saying what the free tickets were For the car show, of course. of three televisions with a lot of other people who were giving away, I think instead of that, well, you have to go to the pool or whatever and the next morning we wanted to say we had free transfers and the whole thing was like five hours, the kids of Neels and us.

I was ready to go, we had to go, but they kept pushing about, you know, you can go on vacation with the timeshare, you go for free and everything was like 20,000 or 30,000 dollars, so what was the ticket, what were the tickets that They gave you? How much were the tickets they gave you? What did you get for exchanging five hours of your life? It was like $200. Wow, it was like $200 for five hours. Yes, there is a sign here and well, we can't go home and look at it. It was only until at one point we tried it and returned to the hotel.

I started researching and I was full of an idea and it was 48 hours before he could advise me so the rest of my vacation was miserable because I had to stop by the library with a library card and write down the calculation because we were there because they will be there for a week, but we only had 48 hours to advise ourselves, so I spent the rest of my days and days trying to count them like that. timeshare, but this way it's like I read it before I went home or I would have been sucked into the timeshare.

Wow, you got out of it, canceled it within the effective 48 hours, and they didn't come after you after that, right? I got to the hotel and went and looked into it and it was more than a good idea, yes the best part of all the bad reports I'm talking about that are on the internet about all these companies, yes you remember the name of the company Wyndham, Yeah. Okay, they're one of the big guys, yeah, okay, yeah, and they said yes. I was worried about maintenance when I was there and they said, "Oh, you could buy groceries with this car and then you'll get points, you know." I'll pay a fee, but after I looked into it, you have to buy at least five thousand dollars worth of groceries, so a lot of equipment even though the fee is so low, yeah, absolutely fine.

I'm glad you got out of this five hours, five hours. Diamond Resorts had a proposed class action lawsuit filed against Diamond Resorts International Club on its land, its collection arm and Experian Information Solutions for alleged credit report accuracies arising from timeshare accounts. canceled, according to the Central District of California lawsuit. The plaintiffs obtained a purported membership with Diamond Resorts International in which they were told they would acquire participation points from Tom to redeem in exchange for the right to use accommodations at certain resorts. Family, family, Lurie, I can't even say, charged Diamond Resorts. International, no stranger to class action litigation, used deceptive sales practices and made numerous oral misrepresentations and false statements during its sales presentations with the goal of inducing consumers to contract with the company.

The lawsuit notes that the plaintiffs even filed a proposed class action lawsuit. against Diamond Resorts International for this alleged conduct after lawsuit Diamond Resorts International agreed to release the plaintiffs from their contracts pursuant to an agreement that waived and canceled all remaining balances, so they had to sue them to get out of it after They lied to them. over and over and over again and that's one of the biggest players in the market Diamond Resorts and really this is so-so you just hear it over and over again we were stuck they wouldn't let us go amazing if you had a timeshare story you can call me cripple eight eight two five five two two five this is Dave Ramsey's program our Scripture of the day romans 14:9 so let us seek what makes for peace and mutual edification Arnold Palmer said always make an all-out effort even when the odds are against you José says first: I will stay away from this company, they are sharks and they will lie and say anything to get you to buy their timeshare.

We recently went on a tour of Westgate Resorts to get a discount. Tickets to Disney, as usual, we went and they went to the tour and heard his speech. The salesman I dealt with promised just a two-bedroom condo anywhere we wanted for two hundred and forty-seven dollars or five hundred dollars, depending on how busy they were. For us it wouldn't exceed five hundred dollars and it was 100% safe. 247 or five hundred two months. This has been a complete lie. Our timeshare was about ten grand plus annual fee and all the resorts we've researched are over $1200 for a two bedroom apartment and we can't pick our dates.

They give you the dates of your choice. They are located at Westgate Resorts. There you go. Robbie is with us. Robbie is in New Jersey. Hi Robbie, how are you? I'm great Dave, thank you so much for accepting my Call to make sure they are trying to reach you for two years. I'm glad you told me your timeshare nightmare so you went with Wyndham and I was stupider than I bought a Wyndham in San Antonio, Texas in 2010, fast forward to 2017. I used it in Maryland and the guide told me that His mother had cancer, you know, and I'm married to a boxing coach, Olympic boxing coach, although he did all this flattery and we ended up walking away from $19,000. up to $70,000 seventy seven thousand dollars and he told us we had to go from all access to a deed that we would never be turned away so fast forward to 2018 we were turned away for my birthday to go to National Harbor Maryland.

I went to the Poconos, it was a brief, I called and they took us across the landing up some stairs we had never had before. They told me we couldn't go up the stairs because we are older and then they refused to give us the key so we could. We didn't leave, we were stuck there on my birthday all day, I finally got a chance to leave and then they didn't bother us for a while because apparently they changed President Transformer at the end of December 2018 we were in Virginia young and they told us we had We had to leave so we left the young man ended up threatening us and told us that we hadthat back to all accent I told him you know using was you told me that all I could do this I could do that, they would never turn me down and he said, well, if you don't drive this, for an extra thirty thousand dollars they will come after you grow into your family and I said, oh, really, and something inside me broke and I walked out and went and stopped the payment.

I wrote them a letter. I went to the credit reporting agencies and said this is fraud. They lied to me, so they let me get out of the contract in November 2019 and I tried to get out of the timeshare. I wasn't impressed with a guy and at the time it was our last debt and I, when we first thought the women were joint owners, with a deal you made, you walked away from seventy-two thousand dollars, but what I walked away from had reduced to fifty-four thousand, so you still owed them the money, yes, your finances, what was the interest rate you financed?

It was sixteen point nine nine percent, oh my God, but you finally talk to my completely different deal, threatening to sue them, oh my God, a $72,000 timeshare. Oh. Robbie, thanks for the call, okay, let's go to Chasity Chastity in Alabama. Chastity told me your timeshare story. Hi babe, my husband and I were staying with someone from Windham in Florida and we got there and they wanted us to go to one of those. presentations to get free tickets to Disney but they kept us for six hours we ended up buying what they call a discovery package we got three trips for $3,000 to discover their program people wanted to sign up for life and every time we went on the trip I had to go to one of those presentations, which lasted at least two hours.

Wow, at what point did you say I never want to go to a timeshare presentation again? So you signed up to discover more from them. Correct discovery packages. because once you figure it out, why would you want to sign him long term? Yeah well that's true that's a bad thing.sample is like hey try a sample of our cookie it's bad I don't want your cookies okay yeah you gotta go they paid you you paid them $3000 to get more presentations, right? Wow, now, what was the condition? What was the condition of the? similar properties that you really have to stay in compared to the ones they showed you in the presentation, the one my friend gave us, the closest to doing it, means one was very very nice, the rest were okay, not so nice . like that one, but you can't even get into Odie's like she's one of the top tier people and she can only be there for one day.

Wow, I don't even want to think about what it takes to be one of his top tier people. I got goosebumps oh my gosh hey thanks for sharing the story we appreciate it open the phones to triple eight eight two five five two two five so what's the moral of the story the more There is a story, there are 18 million of you listening and me? I'm trying to tell you, when you get out of quarantine, don't go to a 6-hour pressure cooker performance at a timeshare to get a free night. Your life is worth more than that.

Don't sell your time so cheap. I've heard the saying you don't get something for nothing you don't get something for nothing something for nothing if it sounds too good to be true it is, oh you just have to go to a little presentation from the sales president or a little tour and you get a couple of free nights while you end up staying in a seedy situation, dealing with scum of the earth sellers who aren't even real sellers who call you a bad father, you hear that story that was far-fetched. I know it threatens you, the number of old people in these complaints that we find on the Internet is incredible and this industry is full of scum and I have to tell you, I am talking about the Marriott Group and the Disney Group.

I can sell you. Those products are reasonable. I wouldn't buy them because I don't believe in timeshares. I think they are a bad investment. I think it's a bad use of your money, but it's really bad when you're dealing with people like West Gate. The Berkeley group that has these vacation resorts all over the place and certainly the king of the dross, which is Dimond International. I mean, I guess these guys are where you'll find a lot of these guys. Gatlinburg and Myrtle Beach is where you are. I'm going to meet a lot of these guys, so you just need to know, you know, don't just don't go into those situations and what a lesson, ask yourself what's wrong with me that would allow me to sit there for six hours because I have to.

I tell you I'd be there for 30 minutes and I'll leave, but that's me and you know I'm not easily intimidated, obviously, so I don't understand that they take advantage of people who are nice, they take advantage of people with manners. They take advantage of you trying to be nice and since that doesn't work, being nice isn't an option with these people, apparently they only understand one thing and that's a punch in the nose so we're going to give them one like for the last hour telling 18 millions of people that suck, here we come, there's a punch in the nose while it sucks, your industry sucks, you're disgusting people, it's a disgusting business, it's a scam, people stay away from them, please stay away from them, I hope there is made.

It's not clear, I would never want to be clear, that puts this on the Dave Ramsey show in the books, we'll be back with you before you know it, in the meantime remember there is ultimately only one path to financial peace and it is to walk daily with the Prince of Peace Christ Jesus