TISA (Timeshare Institute of Southern Africa)
TrustIndex
0
Ranking
#2
in Other
NPS Score
0
Recommended: Unlikely
Used this business recently? Share your experience to help others decide.
Used this business recently? Share your experience to help others decide.
Share Your Experience1 reviews | Active since Jan 2020
the best place to get service
1 reviews | Active since Jan 2020
the best place to get service
1 reviews | Active since Jan 2020
To any prospective timeshare/points investor be very very careful you sign on the dotted line. You may in for many surprises after you have concluded a Contract and you will witness as to how unscrupulous this industry is and can be, how very unaccommodating the environment is. Is sounds all very rosy in the beginning but as time progresses things change rapidly - especially the annual fees which is non negotiable. Ensure the contract that you sign is not open-ended - they should have a Cancellation clause which permits the purchaser to opt out without difficulty and being summoned with a huge bill. Ensure that the Contract is not in perpetuity. I am stuck with a company in which i bought points more than 15 years ago. They refuse to accept my voluntary exit in view that economically things are getting tough. This matter is dragging for close to a year. When you go for these meetings and promises of great prizes which you have won you somehow are made to feel obligated and pressured into entering into a Contract. You will propose all type of strategical payment plans - once you sign you are done. THAT'S IT!!!!!!!
1 reviews | Active since Jan 2020
To any prospective timeshare/points investor be very very careful you sign on the dotted line. You may in for many surprises after you have concluded a Contract and you will witness as to how unscrupulous this industry is and can be, how very unaccommodating the environment is. Is sounds all very rosy in the beginning but as time progresses things change rapidly - especially the annual fees which is non negotiable. Ensure the contract that you sign is not open-ended - they should have a Cancellation clause which permits the purchaser to opt out without difficulty and being summoned with a huge bill. Ensure that the Contract is not in perpetuity. I am stuck with a company in which i bought points more than 15 years ago. They refuse to accept my voluntary exit in view that economically things are getting tough. This matter is dragging for close to a year. When you go for these meetings and promises of great prizes which you have won you somehow are made to feel obligated and pressured into entering into a Contract. You will propose all type of strategical payment plans - once you sign you are done. THAT'S IT!!!!!!!
1 reviews | Active since Jan 2020
<p>We bought timeshare in 1996 at Formosa Bay resort. We are now both pensioners and cannot afford to pay the levy anymore, we contacted Formosa Bay to ask for help in selling our unit. They gave us the number of Arrow Wood International who gave us a contact number in Gauteng who would be able to assist us with this problem, a Mr Hendrik du Preez in Gauteng. After giving him our resort and unit detail, he told us that the unit at that resort is worth less than a R1000 and that if he were us he would just give it back to the owners! He also told us that all timeshare in this country has lost their value and is not worth investing in a lost case. We then phoned Formosa Bay and told them they could just take the unit back without compensation, due to the fact that when we bought the timeshare we were promised a good investment - needless to say they refused and said its our problem and that we should keep on paying the levy as usual! Its very clear that the levy' s we have so loyaly paid each month fir 20 years, was not used to increase conditions at the resort. We would appreciate any advise if possible</p>
1 reviews | Active since Jan 2020
<p>We bought timeshare in 1996 at Formosa Bay resort. We are now both pensioners and cannot afford to pay the levy anymore, we contacted Formosa Bay to ask for help in selling our unit. They gave us the number of Arrow Wood International who gave us a contact number in Gauteng who would be able to assist us with this problem, a Mr Hendrik du Preez in Gauteng. After giving him our resort and unit detail, he told us that the unit at that resort is worth less than a R1000 and that if he were us he would just give it back to the owners! He also told us that all timeshare in this country has lost their value and is not worth investing in a lost case. We then phoned Formosa Bay and told them they could just take the unit back without compensation, due to the fact that when we bought the timeshare we were promised a good investment - needless to say they refused and said its our problem and that we should keep on paying the levy as usual! Its very clear that the levy' s we have so loyaly paid each month fir 20 years, was not used to increase conditions at the resort. We would appreciate any advise if possible</p>
1 reviews | Active since Jan 2020
<p>We bought timeshare in 1996 at Formosa Bay resort. We are now both pensioners and cannot afford to pay the levy anymore, we contacted Formosa Bay to ask for help in selling our unit. They gave us the number of Arrow Wood International who gave us a contact number in Gauteng who would be able to assist us with this problem, a Mr Hendrik du Preez in Gauteng. After giving him our resort and unit detail, he told us that the unit at that resort is worth less than a R1000 and that if he were us he would just give it back to the owners! He also told us that all timeshare in this country has lost their value and is not worth investing in a lost case. We then phoned Formosa Bay and told them they could just take the unit back without compensation, due to the fact that when we bought the timeshare we were promised a good investment - needless to say they refused and said its our problem and that we should keep on paying the levy as usual! Its very clear that the levy' s we have so loyaly paid each month fir 20 years, was not used to increase conditions at the resort. We would appreciate any advise if possible</p>
1 reviews | Active since Jan 2020
<p>We bought timeshare in 1996 at Formosa Bay resort. We are now both pensioners and cannot afford to pay the levy anymore, we contacted Formosa Bay to ask for help in selling our unit. They gave us the number of Arrow Wood International who gave us a contact number in Gauteng who would be able to assist us with this problem, a Mr Hendrik du Preez in Gauteng. After giving him our resort and unit detail, he told us that the unit at that resort is worth less than a R1000 and that if he were us he would just give it back to the owners! He also told us that all timeshare in this country has lost their value and is not worth investing in a lost case. We then phoned Formosa Bay and told them they could just take the unit back without compensation, due to the fact that when we bought the timeshare we were promised a good investment - needless to say they refused and said its our problem and that we should keep on paying the levy as usual! Its very clear that the levy' s we have so loyaly paid each month fir 20 years, was not used to increase conditions at the resort. We would appreciate any advise if possible</p>
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