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Re: Vida Vacations & Grand Mayan lies (by Lance C.):

diepn4 wrote:

We just got scammed into a contract regarding the 5-day cancellation time by Mayan Palace in August 2017. Can you please tell us the process how you could get your refund? Anyone else has any idea or recommendation how the credit company or any other agencies can get involved to get our money refunded?

Since you signed the contract three months ago, your rescission (cancellation) period has long passed. When you say "the credit company" do you mean the credit card company with which you paid or the third-party lender? If it's your credit card company, then it has charged you long ago and you have paid long ago.

So now you have two options, neither of which you are going to like. Let the resort and the lender know that you are not going to pay another penny into your mortgage and/or maintenance fees. You will probably lose the money you already sank into it but you will be free of the timeshare and future maintenance fees. The other option is to pay off what you owe and use what you bought. You obviously saw something of value in what you bought otherwise you would not have paid all that money. The big question though is, do you want to pay thousands of dollars to salvage something that is worth maybe a couple hundred dollars. It's your call.

What I do not recommend, however, is contacting these companies that claim they can "cancel" your timeshare and/or mortgage. They will charge you thousands of dollars and might not even do what you paid them to do.