Victim Location 95204
Type of a scam Travel/Vacations
We were initially made to believe that we were being invited to a Worldmark Timeshare Owner’s Update as there had been changes made to the maintenance costs and there were Board Members in the area meeting with local members to review this information. The meeting was at a local restaurant and when we arrived it was clear this was not Worldmark at all. We sat through the meeting during which they explained that they would be able to remove us from our current timeshare contract and place in a new one with RCI at a lower cost. We stated we would only be interested if they had in-house financing and they stated they did offer it. They took our information and later came back saying they could only open a credit card with an outside company for 1400. They wanted to know if we could try and contact other companies or banks and see if we could qualify for other lines of credit. At this point we stopped the meeting and left. Just over a week later, we began to receive letters from BoA, and Amex denying or applications for credit, except for one in my wife’s name from Amex which had been opened. We had very clearly told the rep we would not be interested in going through outside creditors as it was likely we would not qualify, yet they did exactly that. We have contacted each company and found that each application was initiated the night of our meeting and processed the following morning. We have notified each company that these account applications were not authorized and that they needed to be closed and a fraud claim has been initiated for each.