Unfortunately, over the years timeshares have earned a bad name and reputation due to some scamming people and companies that took advantage of innocent victims. Do you want to learn how you can avoid a timeshare scam in Mexico in 2021? If you do, then you are definitely in the right place. Today, most vacation ownership and vacation club providers are being offered from reputable companies that provide individuals with the chance of having amazing vacations and the price is very affordable. Being a vacation ownership member comes with many benefits. The majority of owners are very happy with their vacation investment, but every individual should still know how to keep themselves protected from becoming a victim of a Mexico timeshare scam. When you know this, you will be able to enjoy your vacation investment for many years, which is why we are providing the information below on how you can avoid timeshare scams in Mexico in 2021.
Fraud alert! 2021 timeshare scams tips below. Keep yourself from becoming a victim of a Mexico timeshare scam:
Cancellation Scams to Avoid
Beware if a cancellation company contacts you after your cooling-off period has expired. This is a very popular 2021 timeshare scam that is occurring in Mexico. The fraudulent cancellation companies are unable to cancel any vacation club contract. These companies will charge you a very large upfront fee, then they will disappear with your money. The fraudulent cancellation companies cannot legally cancel your membership contract once the cooling-off period has passed. You should only contact your existing provider if you have any questions or concerns about your membership.
Refrain from Sales Representatives Working Off-Site
It is very possible that you may come in contact with a fraudulent sales rep that is working off-site. The reputable sales reps often work in popular tourist areas, too. In order to discern who you are speaking with, you should always ask to see identification if you are approached by any sales representative. If the sales representative is an actual genuine sales representative, they will not mind showing you their identification. You should never put a deposit down or buy anything before you attend a sales presentation and take a tour of the resort. You should never trust any sales materials that sales reps show you as opposed to visiting the actual resort. If you visit the resort in person and attend a sales presentation and tour, you will avoid from becoming an unsuspecting victim.
Mexico Timeshare Scam Resales
A very common scam that occurs in Mexico is when a fraudulent company contacts an individual and tries to sell them an old membership. Usually, the fraudulent company doesn’t even own the membership, and most times they are trying to sell something that doesn’t even exist. The fraudulent company usually fabricates information about the vacation club membership along with creating an interested buyer to entice the owner to use their services. To eliminate this Mexico timeshare scam from affecting you entirely, only purchase a vacation ownership membership with a reputable provider. You should never buy an online resale timeshare, and you should never buy a resale from a fraudulent company.
Timeshare Contract Scams
Another popular 2021 scam to avoid is to always make sure that you are given a copy of the membership contract before you pay any money. You should never pay the deposit or transfer money until you have read through the membership contract thoroughly. Make sure that you read all the fine print that is in the contract, ask any questions, then sign the legal document. If you haven’t been given a copy of the membership contract, or if the sales rep has asked you to pay the deposit upfront before you have received your contract, then you may become a victim of a Mexico timeshare scam.
Upgrade and Exchange Timeshare Scams
Has an outside company recently contacted you and told you that they have the ability to exchange or transfer your existing membership? If so, then you should beware as this is probably a scammer trying to scam you. Third party companies that are not your existing provider are unable to upgrade or transfer your current membership for you. Your personal provider is the only one that may be able to do that, and that is only going by the rules and regulations of the membership contract that you signed. This is another popular 2021 timeshare scams that existing owners need to be aware of so they don’t become a victim.
We hope that the 2021 timeshare scam information provided above will prevent you from becoming another victim.