Consumer reviews and reports on scam companies, bad products and services
Coral Resorts
Coral Resorts Sales Tactics and Financing Hilton Head, South Carolina
25th of May, 2011 by User519221
My wife and I were invited to a sales presentation by Coral Resorts in Hilton Head, SC, to purchase a time-share property for vacation use. We were told that we would get a deed to the property and that the cost was $24,900 and $395 closing cost. 20% would be required for the down payment and the remainder they would finance for 60 months at 17.9%. I told Carmen, the sales agent, that I would be interested but not at that rate. I told her I could contact my bank and have a check the next day for the entire amount. She had to go talk to her supervisor, Trey, who came over and offered me a one time deal at $18,250 with $395 closing cost, 10% down, 60 months at 14.5%. Again, I told Trey that I would use my own bank and could have a check for the full amount the next day. He got upset with me and told me that I didn't know how this work and was throwing away a chance to save $6000. The better deal was only available today. I said I wouldn't make any purchase without waiting 24 hours to think it over and check with my bank. He said that I was stupid for doing that. He got up and left with Carmen. My wife and I got up and left as well. I am sure that he did not want me to check with my bank. When I got back to my hotel room I did my homework on the internet. The Better Business Bureau gives this company a rating of 'F', the lowest rating. They have registered 174 complaints in the last 3 years. I would recommend that anyone offered anything by this company walk away.

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