Pinnacle Recovery Inc Unfair collection practices obscene 40% interest charges Carlsbad, California
I own a timeshare that I purchased from Southern Peaks in NH. My timeshare is managed by Bluegreen Resorts Management.
I fell behind my maintenance fees for 2010 and 2011. Collection was turned over to Pinnacle Recovery Inc. When I tried to make payment arrangements with Pinnacle they informed me that they were charging me 40% interest on my balance. They then began incessant collection and dunning calls to my home phone & cell phone and it was always a recording. They never sent me any correspondence to document their charges and every time I spoke to someone they would not budge on the 40% interest. I refused to pay the interest although I was willing to pay the maintenance fees. They would not budge.
Next I received a letter today from Bluegreen Resorts Management that stated that since I had not paid my maintenance fees (approx $1,200) they were going to take my $18,000 time share as "liquidated assets"! I am filing DOJ complaints against both Pinnacle and Bluegreen. Can they just do this? I have a deeded timeshare not a point system. Anyone out there that can help me would be much appreciated.
1 Updates & Rebuttals
Judicial
Templeton,California,
United States of America
High Interest on Past Due Amount
#2Consumer Comment
Fri, October 21, 2011
You need to review your purchase agreement and see what the default clause states and what they can do if you default on your loan. Do you have a deed that was filed in a government office, such as the county clerks office?
You can contact at sourcemaster@juno.com I may be able to help you include your phone number.