Saturday, January 14, 2006

Destination Club = Time Share

"Destination club" is a fancy name for time share, says Bankrate.com "While the rules and regulations vary, a destination club is essentially the same thing as a time share, which is the same thing as a residence club, a vacation club or a 'fractional' ownership club. They have many names, but you're still buying into a program that qualifies you to use a hotel room, resort, condo, home or other domicile for a set period of time every year, ranging generally from one week to several weeks. The names started changing after time shares got a bad rap for the hard-sell tactics, the Web site notes. But "by no means are time shares inherently bad deals."

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