Ok...I seriously need some advice here...
My bro just called me and said he wants to borrow a few K from me. I asked him why and he said he joined a hotel club membership from this company called Discovery 8. And he bought it for $18000, now hes paying $300 every month and he has already paid up $6000.
He finds this a liability and now wants to get rid of it, he bought it last year.
Now this Discovery 8 company person tells him there is another buyer who willing to buy the membership for 20K, and my brother has to cough up another 4.5K to show 'intention of selling' before he can sell the membership to the other buyer. Then the guy will pay $20K in installments starting from next year in 4 installments.
IT all sounds darn fishy to me!!! I supposed the buyer and this company guy are the same person! ****....THis smells from head to toe like a ****ign scam to me...
What are our options now??? The best is if this membership can be REALLY sold off and we get the money back...I am not going to pay up another 4500 for my brother if the money cannot be gotten back. Is there some association or anyone we can approach to verify this?
What happens if he stops paying? I rather him lose 6K now than more money later.
Damn ****ing pissed with my brother now