LLOYDSHARE PAYOUTS or EXPERIENCES LATELY???

[Seanjmurphy9]

Hi Group!
I am a new user and purchased a timeshare in Mexico in 2012. I purchased the Lloydshare Annuity as well and still have some time (13 years) left until it matures.

So far, I have scoured the internet and most posts that call the Annuity a scam are actually at fault for breaching the terms of their contract with Lloydshare. Either by selling their timeshare, giving it back, not being up to date with their resort fees etc...
I have been in contact with the Lloydshare customer service (in late 2022) and they are still in business.

I guess I am wondering if anyone has actually been paid once the Annuity reaches Maturity. There has to be someone out there who has been paid.

 

[Fido Chuckwagon]

There has to be someone out there who has been paid.

No, there really doesn’t have to be. I’d say it’s actually incredibly unlikely that anyone ever will.

 

[Seanjmurphy9]

No, there really doesn’t have to be. I’d say it’s actually incredibly unlikely that anyone ever will.

Are you talking from experience? Have you been denied? Paid? Or waiting for an annuity to mature? I am looking for real world experiences from anyone who has been denied, paid or waiting for maturity.

 

[Fido Chuckwagon]

I’ve read enough about it on these boards to see that it’s an obvious scam. I’m sorry, but any “annuity” that promises you an effectively 10 percent or more return on your money over 25 years “guaranteed” is absolutely a scam 100 percent of the time. There are several examples I found on Tug after just a 5 second search of that being the promise, so yeah, it’s a scam.

 

[LannyPC]

I am a new user and purchased a timeshare in Mexico in 2012. I purchased the Lloydshare Annuity as well and still have some time (13 years) left until it matures.

Are the timeshare that you purchased and this annuity somehow connected? I'm just wondering how and why a TS purchase is connected to an annuity?

 

[T_R_Oglodyte]

Hi Group!
I am a new user and purchased a timeshare in Mexico in 2012. I purchased the Lloydshare Annuity as well and still have some time (13 years) left until it matures.

So far, I have scoured the internet and most posts that call the Annuity a scam are actually at fault for breaching the terms of their contract with Lloydshare. Either by selling their timeshare, giving it back, not being up to date with their resort fees etc...
I have been in contact with the Lloydshare customer service (in late 2022) and they are still in business.

I guess I am wondering if anyone has actually been paid once the Annuity reaches Maturity. There has to be someone out there who has been paid.

Was this purchase associated with an outfit named Tesoro? What resort were you at when you purchased? FWIW - I've encountered the Tesoro annuity issue at two in the Puerto Vallarta area.

 

[dioxide45]

Sounds like a gimick to get you to sign up for a vacation ownership package and has strict rules to make it easy to disqualify you for the annuity payout.

 

[T-Dot-Traveller]

.......and has strict rules to make it easy to disqualify you ........

Standard business plan for lots of items sold / including new car warranties .

 

[T_R_Oglodyte]

Sounds like a gimick to get you to sign up for a vacation ownership package and has strict rules to make it easy to disqualify you for the annuity payout.

My take was that I didn't understand how the whole thing worked, and I couldn't get answers that satisfied me.

 

[rjwehr]

Hi Group!
I am a new user and purchased a timeshare in Mexico in 2012. I purchased the Lloydshare Annuity as well and still have some time (13 years) left until it matures.

So far, I have scoured the internet and most posts that call the Annuity a scam are actually at fault for breaching the terms of their contract with Lloydshare. Either by selling their timeshare, giving it back, not being up to date with their resort fees etc...
I have been in contact with the Lloydshare customer service (in late 2022) and they are still in business.

I guess I am wondering if anyone has actually been paid once the Annuity reaches Maturity. There has to be someone out there who has been paid.

I've never heard of this. I'm sorry, but I don't understand what the annuity is for or what you are expecting from Lloydshare. I would be skeptical of any future repayments, based on their website. Are you supposed to get cash back? Are they supposed to pay for timeshare maintenance in the future? Something else?

Terms and conditions | Lloydshare

lloydshare.com

The second paragraph on this page seems to give them an "out" to not have to pay anyone. The fourth paragraph seems very suspicious, particularly if they have nothing to hide:
"Lloydshare may occasionally make changes to the Terms & Conditions, just as some of your personal data and records may change over the period of your Loyalty Repayment Plan. It is for this reason that individual Terms & Conditions are not printed on this website;"
What keeps them from changing their terms & conditions to say you have to be a founding member of the "Knights of the Roundtable" to qualify for "payment"?

Can you help us understand how this concept was explained to you?

 

[buzglyd]

I remember when this first came out several years ago. The reps were "explaining" this to me and I just had the eyebrow in permanent raised mode the entire time.

 

[Seanjmurphy9]

I've never heard of this. I'm sorry, but I don't understand what the annuity is for or what you are expecting from Lloydshare. I would be skeptical of any future repayments, based on their website. Are you supposed to get cash back? Are they supposed to pay for timeshare maintenance in the future? Something else?

Terms and conditions | Lloydshare

lloydshare.com

The second paragraph on this page seems to give them an "out" to not have to pay anyone. The fourth paragraph seems very suspicious, particularly if they have nothing to hide:
"Lloydshare may occasionally make changes to the Terms & Conditions, just as some of your personal data and records may change over the period of your Loyalty Repayment Plan. It is for this reason that individual Terms & Conditions are not printed on this website;"
What keeps them from changing their terms & conditions to say you have to be a founding member of the "Knights of the Roundtable" to qualify for "payment"?

Can you help us understand how this concept was explained to you?

It was basically explained like any other annuity. You put in $$ up front, the company invests the $ and they make their money over time. Then they pay what was promised and they keep any extra profits. I mean, $10,000 over 25 years with compounding interest, is probably $40,000 at 5 or 6% and I am sure that they aren't just watching it compound, they are actively investing and trading. I did not buy the annuity from the timeshare salesperson, I inquired as to how they make money. The first answer was "Investing over time and trades" the second answer was "Breakage". Breakage was people who sell their timeshare, give it up, don't pay maintenance etc, etc.
It is pretty rare that someone keeps their timeshare for the whole 25 years.

 

[Seanjmurphy9]

I remember when this first came out several years ago. The reps were "explaining" this to me and I just had the eyebrow in permanent raised mode the entire time.

I have met other people who have purchased the Lloydshare Annuity as well, they had like 8 years left on theirs.

 

[Seanjmurphy9]

Was this purchase associated with an outfit named Tesoro? What resort were you at when you purchased? FWIW - I've encountered the Tesoro annuity issue at two in the Puerto Vallarta area.

No, my ownership is at Hacienda Del Mar in Cabo San Lucas.

 

[Seanjmurphy9]

I remember when this first came out several years ago. The reps were "explaining" this to me and I just had the eyebrow in permanent raised mode the entire time.

so, you had never heard of an annuity before the timeshare presentation?

 

[bnoble]

I'm sure @buzglyd had heard of an annuity. They were probably raising their eyebrows at someone promising risk-free +10% YoY returns. If I knew how to generate > 10% YoY risk free, the very last thing I would do is sell that to someone else and make less. I'd just print money on my own.

It's like you are intentionally incapable of understanding this. Greed is a heck of a drug, I guess.

 

[Seanjmurphy9]

To be honest, I would say that it is not really "Connected" I would say that Lloydshare knows that people buying timeshares have some money to spend. Basically, the only rules I know of are that you have to still own at the resort where you originally purchased and be up to date with your maintenance fees. If you break those two, either by selling or not paying maintenance, that voids the contract and the Annuity does not pay out.

 

[Seanjmurphy9]

I'm sure @buzglyd had heard of an annuity. They were probably raising their eyebrows at someone promising risk-free +10% YoY returns. If I knew how to generate > 10% YoY risk free, the very last thing I would do is sell that to someone else and make less. I'd just print money on my own.

It's like you are intentionally incapable of understanding this. Greed is a heck of a drug, I guess.

I just dont understand how, if Lloydshare is a total scam, that reputable companies are still allowing them to be sold. If my investments dont make at least 10% YoY anually, id pull the plug on my guy. My person makes me typically 12-15% anually. Over 25 years, its really not that difficult. Well, maybe it is for some folks.

What I am really trying to understand, is how they are avoiding jailtime if they are a total 100% scam. After I paid, i was sent all kinds of information via mail, my annuity certificate, their yearly board meeting minutes etc. Why would they go through that trouble, and continue to send me documentation yearly? Why not just take my credit card payment and run?

 

[Seanjmurphy9]

I’ve read enough about it on these boards to see that it’s an obvious scam. I’m sorry, but any “annuity” that promises you an effectively 10 percent or more return on your money over 25 years “guaranteed” is absolutely a scam 100 percent of the time. There are several examples I found on Tug after just a 5 second search of that being the promise, so yeah, it’s a scam.

What I am really trying to understand, is how they are avoiding jailtime if they are a total 100% scam. After I paid, i was sent all kinds of information via mail, my annuity certificate, their yearly board meeting minutes etc. Why would they go through that trouble, and continue to send me documentation yearly? Why not just take my credit card payment and run? I will post in 12 years if I get my payout or not I guess.

 

[bnoble]

reputable companies

You mean like Mexican timeshare developers? Those "reputable companies"?

how they are avoiding jailtime if they are a total 100% scam

They are based in Panama, one of the oldest and best-run "tax havens" in the world. I'm guessing that financial law and order isn't high on their list of things to worry about.

 

[Fido Chuckwagon]

If my investments dont make at least 10% YoY anually, id pull the plug on my guy. My person makes me typically 12-15% anually. Over 25 years, its really not that difficult. Well, maybe it is for some folks.

Lol, ok this guy is a shill or a troll.

 

[Fido Chuckwagon]

Lol, ok this guy is a shill or a troll.

Also, what the heck are you doing buying timeshare annuities when you’ve got a guy who can make you 12-15 percent on your money every year. Go retire on an island somewhere.

 

[bnoble]

My person makes me typically 12-15% anually. Over 25 years, its really not that difficult.

Then why did you buy a product that returns ~10%? You were literally throwing money away!

In other words, I call shenanigans. Welcome to my ignore list and good luck getting your payout.

 

[rjwehr]

It was basically explained like any other annuity. You put in $$ up front, the company invests the $ and they make their money over time. Then they pay what was promised and they keep any extra profits. I mean, $10,000 over 25 years with compounding interest, is probably $40,000 at 5 or 6% and I am sure that they aren't just watching it compound, they are actively investing and trading. I did not buy the annuity from the timeshare salesperson, I inquired as to how they make money. The first answer was "Investing over time and trades" the second answer was "Breakage". Breakage was people who sell their timeshare, give it up, don't pay maintenance etc, etc.
It is pretty rare that someone keeps their timeshare for the whole 25 years.

Thanks for the explanation. I get the annuity part. I'm just trying to wrap my head around why a financial instrument is tied to a timeshare and how someone's timeshare ownership would affect how they would make money to provide a return.

 

[sue1947]

how someone's timeshare ownership would affect how they would make money to provide a return.

Because, don't cha know, timeshares, especially Mexican ones, increase in value by more than 10% over time...
Or so the OP and Lloydshare would have you believe in spite of all evidence that timeshares purchased from the developer typically drop steeply in value once you step out of the sales center.