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Re: point rental liquidators (by Don P.):

janv76 wrote:

janv76 wrote:

On 5/1/2013 my husband and I were close-call victims to this scam involving a call to attend an update on RCI points membership. The "presentation" was at an I-Hop restaurant in Brighton, Mi. Randy Canfield was the boss of the group and gave us a lot of figures and guaranteed we would get paid 7.5 cents for our points up to 100,000 pts/year. He figured how we could pay the $10,122 fee with our points and still have pts left over for our own use. We were required to pay $498 with a check and could put the balance on our credit card. Within 10days we would receive a Discover card and that amount would be transferred. We would pay $99/month no interest. At the end of 6months we would get $12,000 to pay off the card and even have a couple thousand left over! It sounds so ridiculous as I write this down but we really wanted this to be true. We could basically sell extra pts enough to pay our maintenance fees etc and still have our vacations. The "fact" that RCI had called us to set up the presentation helped make it seem legit. ( Although I realize that doesn't make much sense. )

Randy Canfield works for TERP : Timeshares Enhancement Relief Project VSI: Vacations Services International is the exchange company. EPS: Excess Property Solutions guarantee the 7.5 cents per point Processing Agent IVC 6132 W Sahara Ave,Las Vegas,NV 89146 Ph 877-572-2090,FAX702-701-7773

We actually signed the contract and gave our credit card. He has my husband SS# and copies of both of our driver's licenses and our phone numbers. It was truly amazing how the brain washing worked!

After we got home and were able to check things out and have panic attacks. We called our credit card company. No charges had been applied and we cancelled the card. We purchased identity theft protection and put a fraud alert on our credit and SS. My husband called our local law enforcement but they couldn't do anything because we didn't have actual loss. We did not give the check for $498.

I sent this info to Shannon Morgan at the email in a prior post. She answered immediately and thanked us for the info.

I received a call today from Sarah Rutten, from IVC, with a caller ID for R & R Venture Group, asking to complete the authorization and processing on “my contract”.

I informed her that I did not have a contract because I didn’t pay the contract closing fee, and I cancelled all authorized payments on the “proposed” contract, making is null and void. She insisted that I still had a contract “in their system” and that they never received a written cancellation notice within 3 business days of the signed agreement, and that I must send a notice in writing in order to cancel. My letter does not acknowledge that a contract still exists because I didn’t pay the closing fee, and I cancelled the “authorized” payment within 24 hours. I told her my assumption was that they would receive that cancellation notice via the Credit Card Authorization process and would have to accept that as their written notice.

Note that their Contract #540714 was used on both the IVC purchase form and the VSI membership form, even though they are supposedly different companies.

Meanwhile, we have already filed a complaint with the Michigan Attorney General’s Consumer Protection office.

I am not sure we even need to send the letter to IVC since we did not “close” on the deal, however, I’ve written it and am ready to send. Can anyone give us advice on whether we have a liability. Should we send the cancellation letter? Thanks