Schedule your FREE Consultation to CANCEL your Timeshare HERE
For many years, the appeal of timeshare ownership in a hot vacation spot attracted millions of buyers.
However, the industry has been gaining a bad reputation.
The truth is that timeshares might be suitable for some people, but the big scam about them is that they are being sold using unethical methods.
As a result of this, there are thousands of timeshare owners who are willing to do anything to get rid of their units.
When can you cancel a timeshare contract? Read this article to find out!
Also read: How long do I have to rescind my timeshare? – Mexican Law
Why Should I Cancel my Timeshare Contract?
Time shares are an expensive purchase, and with the economy as it is at the moment, it is difficult to maintain one.
These are some reasons why you should cancel your timeshare contract:
- You will no longer have to pay any timeshare fees, such as maintenance and special assessment fees.
- You will have the freedom to vacation wherever and whenever you want.
- You will no longer have to deal with any threatening calls from the resort trying to remind you to pay your fees
- Forget about timeshare debt collections, your credit report will no longer be affected
- You will not waste any more time trying to sell or rent your timeshare, you will no longer be stuck with it!
Also read: Time shares, are they a good purchase?
When Can you Cancel a Timeshare Contract?
Timeshare cancellation should be done as soon as you don’t feel happy with your purchase.
If you experience buyer’s remorse just a few days after you signed the contract, you should know that there is a rescission period in every timeshare contract, which depends on the country where you purchased your timeshare.
In Mexico, there is a 5-business-day cancellation period.
If you are still under your rescission period, you should send the resort a certified letter requesting the cancellation of your contract.
However, if the rescission period has expired, it is better if you look for legal help.
Beware of Timeshare cancellation companies that ask you for an upfront fee to assist in your case.
Also Read: Timeshare Regulations in Mexico
When Can you Cancel a Timeshare Contract? - As Soon As Possible!
It's time to cancel your timeshare contract!
At Mexican Timeshare Solutions, our associates have several years of experience in the timeshare industry and are successfully able to resolve timeshare scam cases in an ethical and professional manner.
The goal of MTS is to provide our clients with the best way to get out of their timeshare contract, by cancelling it properly so that they can vacation on their own terms.
Contact us at MTS for a free consultation and analysis of your timeshare situation.
We do not charge any fees until you have received confirmation that your timeshare has been properly cancelled, so you have nothing to lose, except your timeshare!
To receive more information about when you can, cancel a timeshare, send a WhatsApp to +52 333 239 6589, fill in the form in the contact section, or call us at +1 714 277 3662.
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![Understanding and Exercising Your Timeshare Cancellation Rights in Mexico [2024]](/media/Article_106/Foto/mini/timeshare-cancellation-rights-474.jpg)
i purchased a timeshare a year ago and i'm sure they didn't tell me about the 5 days period!!
i need to cancel as soon as possible, i can't pay it anymore!! please help me
I just want to begin with saying that my loving wife and I exchanged RCI points for a trip to Mayan Palace Riviera this past April. We get there and find the place is stunning and the service is top notch. First day there we commit to the 1.5 hour sales pitch during what they call “buyers week”. Well, in the end it was 5 hours and a majority of the presentation was focused on how these units are investments and that they give you “flexibility” in an extra week to use as a rental. The rental income was presented at $1700 net income after maintenance fees were taken out. We bought into the idea….it sounded great. Upon returning home I researched renting these units and found that they rent for far less than they stated repeatedly in the presentation. I have obtained training material that Mayan employees use explaining in detail how they leverage this with vacationers, then skim over the disclaimer sentence that is listed in the mounds of documents. This fraud has to stop. I would not have entered into this agreement if they had been truthful about this. They describe the rental agencies as partners verbally and that you get your rental check quickly in 60-90 days, which is not true. They used scratch paper to show you the money you would make renting these units and how fast they would pay for themselves, which was untrue.
There was no mention of any cancellation period during the presentation, so by the time we arrived home and called to cancel our agreement….we were told it was past the 5 days.
I have called and talked with a number of people. To date they have been unwilling to cancel and refund our credit card. A complaint has been filed with the Mexican Government, Profeco and FTC.
If you go to any Mayan Palace resort, PLEASE do not get caught it the misleading sales pitch!!!
Just enjoy the resort....
Easy to get in, extremely hard to get out without loosing your shirt. Good luck, you're gonna need it!
The timeshare industry must perform a deep cleaning otherwise the industry will be severely affected because of the lack of trust. There are timeshre scam and timeshare cancellation stories of people who trusted their prayers would be answered.
i was trying to cancel my timeshare and i tried calling to the resort first, but they told me i wouldnt be able to cancel :S im soooo angry!!!
i was trying to cancel my timeshare and i tried calling to the resort first, but they told me i wouldnt be able to cancel :S im soooo angry!!!
It’s very probable that once you enter, you'll want to leave. Because there are so many details that make it very hard to afford the maintenance and fees, your vacation place actually turns into an economic burden.
The timeshare industry must perform a deep cleaning otherwise the industry will be severely affected because of the lack of trust. There are timeshre scam and timeshare cancellation stories of people who trusted their prayers would be answered.
i dont have the money now to keep paying for my timeshare so i need to get rid of it in any possible way :/
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