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Re: point rental liquidators (by Ruth F.):

donp196 wrote:

Ruth.....the points have to be valid and it usually comes with ownership in some resort. You might have to do some homework to find out. What company do they claim the points are from ? Are you being charged maintenance fees ? Do some investigating and find out.

Thank you, Don. We have owned a timeshare for 20 years, have paid all maintenance fees, and have been RCI weeks members for all that time. BJ's persuasive crew said they would convert the weeks into points (74,500 plus 100,000 bonus points the first year) at Vacation Services International. Excess Property Solutions would, after six months, buy our points from us for 7.5¢ per point, and we could then use this to pay maintenance fees and still vacation anywhere in the world, etc., etc. The catch of course was that we had to pay $9980, which included "closing costs" of $498 to EPS, on our own credit card. This would then be transferred to another, no-interest card, which we could pay off when we received the proceeds from the point sale in 6 months. And please don't ask how we could believe this....

Our question is: what can we tell the credit card company to prove that this is a fraudulent charge, since we receive nothing of tangible value (i.e. a timeshare deed) until the promised payout in 6 months, which we're quite certain will never show up. This new scam seems more clever than the previous one that involved a timeshare sale. Please refer to our June 2 post on p. 49 for further detail.