TRYING TO GET OUT OF MEXICO TIMESHARE

janetd411 wrote:

Purchased a time share in Mexico on 1/25/24 and cancelled via registered mail and email on 1/29/24. It’s now August and they claim my cancellation was received after the 5 day rescind period. I found this out through the credit card company. What can I do? I have my proof of mailing registered mail receipt. Please advise.

Contact PROFECO and lay out in chronological order all of the events, dates and details of your situation. Do so in writing and in very clear and specific detail. *IF* you have accurately represented the facts as stated above and *IF* you can back up your claims and facts with supporting documentation, PROFECO will very likley assist you in the successful retreival of your purchase deposit, as well as in voiding the contract.

Profeco is of no use when a matter is nothing more than belated “buyer’s remorse”, but they can be of valuable assistance when a Mexican RTU contract seller fails to comply with applicable law regarding a properly submitted contract rescission. Good luck!

Hi can anyone share their experience about stopping payment for mexican membership?

If you're talking about just stopping payment on your maintenance fees, read some previous posts. It pretty much tells you to do just that, stop paying them.

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josht91 wrote:

I live in Canada and I got suckered into buying a timeshare with Tafer Residence Club when I was in Cabo San Lucas. I have paid them my initial deposit, and 2 monthly payments so far. I've sent them a registered mail to request to cancel my membership however they replied by email stating I can't cancel it until I paid the remainder of $12,000 USD that is still outstanding.

does anyone know if I could just walk away from this and not having to worry about them sending it to collection and ruin my credit scores? Thank you.

Any update? Did this affect your credit score in Canada?

Can we have an update on this?

Hi,

I have a timeshare in Cabo. Is it even worth renting after MX and US taxes? Mine is at Grande Solamar resorts

I just had a "time share" from Mexico report to my credit and dropped my score 116pts and it now says I am in collections. I did not even know my ex husband stopped paying them, of course it was in my name, but he had agreed to pay it from the start when we were still together... Anybody know if there is anything I can do?

These are the people that have come after me and reported to my credit report in US? Any advise anyone?

We are in the same situation, bought a "vacation club" while in mexico recently. My question is regarding asking our bank for a new credit card with new number (since the company in mexico have our credit card on file ): wouldn't this (closing that credit card account and asking a new one) hurt our credit score?

Hi Josh, what happened? Did u stop paying them? Any consequences if you did?

josht91 wrote:

I live in Canada and I got suckered into buying a timeshare with Tafer Residence Club when I was in Cabo San Lucas. I have paid them my initial deposit, and 2 monthly payments so far. I've sent them a registered mail to request to cancel my membership however they replied by email stating I can't cancel it until I paid the remainder of $12,000 USD that is still outstanding.

does anyone know if I could just walk away from this and not having to worry about them sending it to collection and ruin my credit scores? Thank you.

I signed a contract yesterday with Tafer Residence Club in Mexico and literally later that day, we found out my wife is pregnant. With the expected cost of a 2nd baby, we decided we cant afford the monthly payment for the loan and sent an email that we will cancel that next day but the sales person said the contract is "Final Sale" due to the deals we received and that it's written somewhere in the contract that it is final sale. Does this "clause" cancel the 5 day cancellation period? I live in Canada and will change our credit cards, I was just hoping the cancellation is still valid and that they will refund our deposit. Aldo hoping they wont affect our credit score.