Unfortunately, while the timeshare industry continues to enjoy steady business, the popularity of these arrangements has also opened up the doors for scammers worldwide and Mexcio Timeshare Fraud is on the rise! timeshare scams succeed in conning potential timeshare owners into investing thousands of dollars into timeshares that often don't live up to its promise. THE KRYSTAL CANCUN RESORT is well known for this!
If you have a Mexican contract, even if it does not list this information -- you have FIVE DAYS. And that's five calendar days, so the sooner you act, the better. If the Mexican resort had you sign a waiver to waive your right to rescission, please note that it is NOT VALID. Mexican law does not allow the rescind period to be waived.
Things You'll Need:
Internet Access
Common Sense
Lawyer
Profeco
Step 1
Timeshare presentations go all out to convince potential buyers that they will enjoy vacations in locations all over the world.
Just about all timeshare opportunities begin with an informative presentation with a hard sales push. By offering incentives for attending such as special offers, discounts and prizes, timeshare companies can guarantee a large crowd to sell their pitch to. This is a typical part of the process.
Step 2
The easiest way to avoid timeshare scams is to use common sense. If the prize or incentive seems too good to be true, it probably is so read the fine print and make sure you aren't required to pay anything upfront. .
Step 3
You never want to be pressured to sign a contract the day of the sales pitch.
Avoid making a decision about buying a timeshare or signing any contracts the same day as the presentation. Just as with buying a car, house or other large investment, you'll want to take a day or so to think about it and then come back to the matter with a clear mind.
Step 4
Timeshare salespeople shouldn't be overly aggressive or pushy.
Never allow the salesperson to pressure you into signing anything. If he/she is overly aggressive and pushy, leave immediately. The same goes for the presentation overall. You are not obligated in any way to the company during the presentation so if you don't feel comfortable or change your mind, feel free to leave.
Step 5
(Do your research on the company) and talk to references. Talk to timeshare owners who have had good and bad experiences with the company in question. Mexico Consumer Affairs office and the The Better Business Bureau are great places to start.
Step 6
Take any contracts you receive to a lawyer and have him/her review it to make sure that everything promised to you verbally is included in the contract itself. If any false promises are made or something is missing from the contract
If you have a Mexican contract, even if it does not list this information -- you have FIVE DAYS. And that's five calendar days, so the sooner you act, the better. If the Mexican resort had you sign a waiver to waive your right to rescission, please note that it is NOT VALID. Mexican law does not allow the rescind period to be waived.
Things You'll Need:
Internet Access
Common Sense
Lawyer
Profeco
Step 1
Timeshare presentations go all out to convince potential buyers that they will enjoy vacations in locations all over the world.
Just about all timeshare opportunities begin with an informative presentation with a hard sales push. By offering incentives for attending such as special offers, discounts and prizes, timeshare companies can guarantee a large crowd to sell their pitch to. This is a typical part of the process.
Step 2
The easiest way to avoid timeshare scams is to use common sense. If the prize or incentive seems too good to be true, it probably is so read the fine print and make sure you aren't required to pay anything upfront. .
Step 3
You never want to be pressured to sign a contract the day of the sales pitch.
Avoid making a decision about buying a timeshare or signing any contracts the same day as the presentation. Just as with buying a car, house or other large investment, you'll want to take a day or so to think about it and then come back to the matter with a clear mind.
Step 4
Timeshare salespeople shouldn't be overly aggressive or pushy.
Never allow the salesperson to pressure you into signing anything. If he/she is overly aggressive and pushy, leave immediately. The same goes for the presentation overall. You are not obligated in any way to the company during the presentation so if you don't feel comfortable or change your mind, feel free to leave.
Step 5
(Do your research on the company) and talk to references. Talk to timeshare owners who have had good and bad experiences with the company in question. Mexico Consumer Affairs office and the The Better Business Bureau are great places to start.
Step 6
Take any contracts you receive to a lawyer and have him/her review it to make sure that everything promised to you verbally is included in the contract itself. If any false promises are made or something is missing from the contract
