After a divorce in 2002, neither of us maintained payments to the timeshare and allowed it to go into foreclosure. Five years, I sent a letter to all three reporting agencies asking that it be removed from my credit rating. Not only did Bluegreen not remove the bad mark; they made it show that it was a repossession/foreclosure the very month I made the dispute...in 2007! This caused my credit rating to drop significantly, during a time when I was looking for refinancing on my home. I spoke with Mary Lou at Corporate and she assured me that it had been an honest mistake and would be removed within the next "FEW" months. Needless to say, they did take that entire time to have it removed from all three bureaus and I lost out on the opportunity to refinance.
On to 2008. After improving my score to nearly 650, I started working with Armor Credit Services, a company who will perform the disputes and keep hammering the creditors until they are removed. Again, after the first dispute with Bluegreen, they did the same thing all over again! My score dropped to below 600 on all three bureaus and I've again lost out on the great rates due to the current interest rate drops (this is now February, 2008). After again talking with Mary Lou, she assured me that it was just another honest mistake and the bad marks would be, yet again, removed within a very lengthy time period.
How many more people are they doing this to, and is there any recourse? I doubt it, but I can assure anyone reading this that I am pursuing every avenue to try to recoup any and every $ I have coming to me. If anyone else has experienced this type of treatment from Bluegreen, please respond to this message. I can't possibly be the only one.
Monetary Loss: $300.