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| Subject: Calling ALL LGM-CVC victims | |
Author: Law | [ Next Thread |
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] Date Posted: Thu, Apr 13 2006, 11:54:45 Hi all, I'm looking for LGM-CVC victims to join hands with me in a lawsuit against LGM. My case is as follows: Sometime in Oct 2004, LGM approached me to buy over my timeshare (Holiday Concepts - HCAP) via a trade-in. However, after paying them $17k to trade-in my HCAP for their CVC (with cashback), I found out that they did not contact HCAP to transfer my name out of the membership at all, but instead left it to "die-off" on its own (i.e. owe maintenance fees till it's cancelled). It was only when I received HCAP's letter that I realised that I've been conned by LGM. So I'm now reaching out to anyone who's in a similar situation as me, i.e. LGM promised a trade-in, but the transfer didn't happen. My lawsuit against them is to get them to refund ALL the $$ I paid to them cos they misled me into into buying their CVC when I could have just left the HCAP to die off on its own WITHOUT buying their CVC. Pls e-mail me at apsupp@yahoo.co.in if anyone's interested to take action against LGM for their misdeeds. It's time we join forces against an unscrupoulous company like LGM once and for all. [ Next Thread | Previous Thread | Next Message | Previous Message ] |
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Author: Ed [ Edit | View ] |
Date Posted: Fri, Apr 14 2006, 13:16:56 Hi Law, you are not alone... I traded in my Spain timeshare for another Australia timeshare with LGM in Nov 2000. But in the contract agreement, they just mentioned about the buying price of $12,600 plus $1K adminstrative fee and never mentioned about my trade-in timeshare at all. They did not send me any black & white whether my previous timeshare had been either terminated or transferred to someone else. I guess they would probably do the same as your case, just let the timeshare terminates upon no maintenance fees paid after a period of time. I'd asked for the proof from LGM last week since they told me they still keeping my sale record. They asked me to meet up with them this Saturday. They also told me if I wish to terminate my timeshare, I can transfer it back to the resort developer but I still need to pay for a transfer fee (usually paid by buyer to take over the timeshare)! The amount will be determined base on my purchase price (inclusive of my trade-in timeshare value, he said). This is ridiculous! Any way, I will meet up with them this Saturday to find out more. Now the local LGM company here cliamed that they are no longer in timeshare business and trying to help those timeshare owners with cash back CVC package to take back their hard-earned money. They told me this year will see some owners signed up on the cash-back package begin to get back their money... Would like to hear from anyone up here if this is really true... [ Post a Reply to This Message ] |
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Author: Law [ Edit | View ] |
Date Posted: Sun, Apr 16 2006, 9:13:39 Hi Ed, guess by now you'll have gone to LGM to sort out matters for your particular situation. However, have seen some other people's posts on this forum that the cash-back is a scam. So I take LGM's words with a HUGE pinch of salt. LGM people are big-time liars and it'll be better to keep your options open before plunging into any deal with them. Have spoken to them by myself and thru CASE and from their replies, I get the impression that they're really con-men. Maybe you can check with the Spain timeshare resort directly on what is the status of your timeshare now. At least you know where you stand, instead of LGM telling you any cock-and-bull story that they wish. I don't trust a single word that they tell me. Do let me know (via e-mail: apsupp@yahoo.co.in) if you wish to take action against them to get back your $$. Thru this forum, I hope to raise a Class Action Suit against them so that all LGM victims get to pay less for the lawsuit, cos lawyer fees are really expensive in S'pore. By getting all victims to join forces, we lend weight to our lawsuit, and at the same time, save costs for everyone involved. [ Post a Reply to This Message ] |
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Author: Theresa [ Edit | View ] |
Date Posted: Sat, Apr 29 2006, 18:18:35 Hi Law, I'm in a similar situation: I own an RCI membership worth $11K and put in about $10K to stop the cash leak from maintenance fees and to obtain a 7-year cashback with LGM. LGM has been asking for subscription fees that they specifically stated verbally that I was not required to pay but refused to amend on the contract itself. Instead they produced a letter from their 'legal department' to go with the contract stating that I would not need to pay the yearly subscription unless I travelled. Now they are going back on their word and claim that the contract and letter are separate. I'm in the process of submitting my documents to CASE but am unsure how it will go. I have an LGM vs RCI comparison sheet that I requested for during the LGM presentation and hope that it will clear things up. I am also unclear about how the cashback is tied up with the LGM membership and whether Cashback promise is genuine. I hope to get this issue addressed but can't afford the heavy legal costs so if a Class Action Suit is the only way to go, then I'd like to know more. [ Post a Reply to This Message ] |
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Author: Ed [ Edit | View ] |
Date Posted: Mon, May 01 2006, 16:41:19 I went down to meet with the LGM customer service officer the week before. They did not provide any black and white letter from my Spain timeshare developer if my previous timeshare had been terminated or transferred to LGM. They just made a copy of the sale agreement which I signed before inclusive of the trade-in of my Spain timshare as evident and assured me that LGM will take responsibility for such trade-in. A LGM Director met up with me when I told them I wanted to terminate my Australia timeshare without asking for any refund. After calling his so-called oversea counter-part, he told me this can be done internally (at first he threathened that the resort developer will sue me if I do not pay the maintenance fees and if I wanted to surrender my membership, they wil charge me at least SDG7 to 8K and showed me a few lawyer letters issued to a group of people did not pay maintenance fees, I was doubtful that these are for real...)and I need to pay LGM close to SDG3K. This is again bull-shit! I'd already communicated with the Australia resort developer and they had confirmed to me in email telling me that to terminate my timeshare will be FREE of charge! Just need to write to them to tell them my decision... As they can take back my timeshare and re-market it again! Even if I refuse to pay the maintenace fees, they said they would just terminate my timeshare membership without any refund... Is just that SIMPLE! Pls for all of you up there reading this forum... DO NOT SIMPLY HEAR what options LGM can offer you... DO Check first and DO NOT allow yourself to be conned again! Learn to be SMART when dealing with them..... [ Post a Reply to This Message ] |
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Author: Law [ Edit | View ] |
Date Posted: Wed, May 03 2006, 22:51:12 Hi all, shall try to respond to both Theresa and Ed at the same time.. For Theresa's case, I'm afraid you might have some difficulty as I think somewhere in LGM's contract, it says only those letters mentioned with the contract takes effect. Hence, I believe you might have some difficulty trying to fight the case using the letter from LGM's "legal dept". But going to CASE could be your best bet at the moment. At least let CASE advise on where you stand right now. As for their cashback programme, I feel that 7yrs is a long time to wait, and anything could happen. I'm just afraid LGM would have wound up and left S'pore by then. Anyway, if you want the legal view of things, you may want to talk to a lawyer and see if he can find any loophole in the LGM's contract for you to have some recourse. I'll be glad to provide you details of my lawyer. Just drop me an e-mail at apsupp@yahoo.co.in For Ed's case, LGM is just bull-shitting. Do check with your Spain timeshare on the status of your membership. If I'm not wrong, it's cancelled or suspended due to non-payment of maintenance fees, and NOT transferred to anyone at all. Of course LGM dares to claim responsibility for such trade-in, cos the Spain timeshare won't sue anyone at all for not paying up maintenance fees. The Spaniards will just cancel it, which is to their advantage cos they got the $$ that you paid for the timeshare in the 1st place already. And YES, I AGREE with you that LGM bull-shits ALL THE TIME. To anyone out there, don't believe A SINGLE word that LGM says. You can bet 110% of the time, they're trying to blind and disorient you with more lies. And their motive is to make you pay them even more money than what they originally conned you of. Just to fill you guys in what tricks LGM were up to: LGM has inflated the CVC's selling price by a huge amount to make it look as though you traded-in your timeshare. In actual fact, we just plain bought their CVC AT THE SAME PRICE as anyone out there who bought a CVC. After that, they just let your traded-in timeshare die a natural death!! End of the day, why do we need to buy their CVC if we want to get rid of our timeshare by letting it die right? Might as well let the timeshare die WITHOUT paying LGM a single cent right? This is most unethical of LGM, but unfortunately these b*****ds are using the law to protect themselves, and CASE has been hardly any help to any of their victims. Think there's a CASE Annual General Meeting coming up on 24 June, maybe someone should pop up at CASE and give them a piece of our minds? [ Post a Reply to This Message ] |
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Author: focus [ Edit | View ] |
Date Posted: Thu, May 11 2006, 15:36:03 Hi everyone, These companies are getting more and more sneaky by the day. Due to previous bad experience, I make it a point to turn down any request for surveys while being approached at publlic places. This time round, it was no exception as one guy approached me for survey. But the guy appealed to my kindness by appearing very earnest and desperate. In addition, this time they improved their credibility by issuing a coupon for luck draw containing a credible list of prizes like Honda City, Sony Vaio. After the survey, I thought nothing of this. It was a few weeks later that I received a call from Christine of Expo Management. They mentioned that I had done a survey in Raffles Place and are inviting me and my wife to this presentation that guarantees us a prize of either a plasma TV, a notebook computer or a DVD Sound system. The presentation is done by LGM. I should have let my sceptism get the better of me and not go down to the presentation as I did the survey in Toa Payoh, not Raffles Place. Nevertheless, I had the suspicion that it is a scam commonly employed by Timeshare companies and before I even voice out my suspicion, this Christine rattled off that they are not a timeshare company, that I have no obligation to purchase anything and that I am guaranteed of one of those prizes with no string attached. I only have to pay a token transportation fees for those prizes. Salivating at the prospects of a plasma TV or notebook computer, I took up the invitation and attended the presentation with my wife. Upon reaching there, we were told we can win a spa voucher if the last 4 digit of our credit card number matches a list they had. Now I realised this is just a ruse to ensure we of certain income level and that we did bring our credit card to faciliate payment of fees of their membership that they will coerce us to join. Notwithstanding this, we were brought to a room and told to switch off our mobile phones as it interferes with their wireless network. Now I believe, it is just a tactic to cut us off from the outside world while they try their ertswhile to con us into getting their package. The staff also asked us which prize we liked and we nonchalantly replied that we want the plasma TV or the notebook, half believing that they are arranging for one of the prizes we requested. Promises of deals and packages with major hotels like Shangri La, Hyatt etc were promised by scribbling on pieces of paper. Eventually we decided not to sign up for the first package of S$28k they were promoting. After that, he tried to get us to sign up for another at S$10k. When we weren't convinced either, they threw in lots of carrots like "Cashback for the fees we paid", "Free Trip to Koh Samui" etc. They even explain to us we have a right to cancel our contract during a 4-day period. Trying to buy our confidence but at same time hoping we would rest on our laurels and not do the checks on them. At this juncture, I have to admit the travel deals look good (eg promises of able to stay 7days in a hotel like Shangri La for only S$250 in total) and they appeared professional and real unlike all previous timeshare companies i have encountered. Their staff were still very pleasant when we turned down their iniital offers, unlike staff of those previous timeshare companies I have met who will readily turn hostile. So we signed up. At the end of the session, we were told that the prizes were randomly drawn and we had gotten the DVD Sound System. We were disappointed and mentioned we thought they were preparing for the prizes that we requested. They maintained that all prizes are randomly drawn and had only drawn the DVD Sound System. As it was past midnight already and feeling tired, we thought nothing much of it and left. The days after, we embarked on our research of this company and their package. Reading through the documents and brochures they gave us, we realised that those fantastic offers (eg fantastic hotel rates with ShangriLa and Hyatt hote) that they made were never really put in black and white. Our relative in this industry also think the package is too expensive. While the internet searches on this company yielded several complaints about them. It then dawn on us that they did not really have Plasma TV and Notebook Computer as their prizes. What they had was simply the DVD system but for which we have to pay an exorbitant S$140 just for delivery charges of these system. Hardly reasonable or token charges for such a small system. For a much bulkier purchase, Ikea only charges me $50! The DVD player was unbranded, while the speaker and sound system looks cheap. So probably the $140 "transportation charges" will cover substantially the cost of this "DVD Sound System" prize they are giving out I was lucky that I did all my research within 2 days and exercised my right to cancel within the timeframe. I imagine there would have been some guys who did not do the check and be scammed of their hard earn money. In addition through my conversation with the junior but blur sales staff, it also appears they are contravening our CPF regulations by not paying CPF of staff whose salary are more than S$500 per month and whose age are below 50 years. How do we get CPF Board to act on this?Readers that may be an employee of that company do take note and deal with this company accordingly. Let this be an experience for all to share [ Post a Reply to This Message ] |