Timeshare Scams and Fraud

El Cid is a scam of all scams. They promise these great facilities but when you try to book a stay, it isn't available when you want it or you need to pay more money for the resort. The sales pitch is like all the ones out there, but here's where they get their money and you get left holding the bag. They tell you, specifically, Brandon Clack, tells you that El Cid will finance your timeshare so that it goes into the books, BUT when you get home (in the US), he tells you that you can get a lower interest rate. What isn't said is that, when you do just that (get a lower rate from your an institution in the US), El Cid gets their money and you have to pay or otherwise ruin your credit because you found out that El Cid was a scam because you can't do anything with their points. Don... Read More

This company along with New World Asset Connections scammed me out of $10,659.00 when they told me that they had a guaranteed buyer of our timeshare and that the "sales" money was in an escrow account ready to be transferred to our account once we wired them the money for a transfer fee, commission, and closing cost. We were suppose to close 10/30/15.

Nothing ever happened. I tried to contact both Ron Macky and Franklin Garcia after 10/30. Initially I was put on hold then sent to voice mail for both companies. Today (11/11/15) I tried to contact both companies again and discovered that their phone numbers had been disconnected. I live close enough to Wilson Moore's listed address so I drove to their "office" and ended up in the middle of an appartment co... Read More

Sent many emails stating absolutely that my time share had been sold. It had been bought by James and Kathy Black. I was now asked that I send $3449 to cover closing costs which include resort charges, appraisal fees, document stamps, title insurance. I put this money on my credit card at a charge of $300. Luckily I did not send the money on the advise of my lawyer and bank. Mr. Floyd then threatened to sue me and is still adamant that my timeshare has been sold. This is a total ripoff.

CLOSING COSTS ARE ALWAYS PAID BY THE BUYER.

When they first contact you for $1545 your getting a quality salesman who will get you top dollar offers on your time share. I have a very nice 3 bed 2 bath Orange Lake on the golf course. After months of not hearing from your salesman unless you call him, the company will call you to tell you for another $1500 you will get a senior salesman like Mr. Andrus Holmes who will tell you he is the best in the business. To get the $1500 more he will call you as many as 6 times a day. He will tell you to pay the $1500 because he will get you top offers and that's why he makes the big money. After 25 phone calls Andrus reduces his price by $200. He stated that my time share now sells for approx. $48,000. He told me he would have my phone ringing off the hook with offers around $29,000. We... Read More

No action for 9 months.