Schedule your FREE Consultation to CANCEL your Timeshare HERE
Cancel my timeshare Within 5 days
Do I always have 5 days to cancel my timeshare contract? The answer is YES. Read to learn what tricks are used by timeshare sales reps to avoid getting clients to cancel their purchases.
According to Mexican Consumer Protection Laws, consumers have a right to Cancel a timeshare contract within 5 business days. Article 56 of the Federal Consumer Protection Law states:
"The contract will be perfected within five working days from the delivery of, or the signature of, the contract, whichever occurs later.
During this period, the consumer will have the right to revoke his consent without any responsibility.
The revocation will have to be by means of warning or delivery of notice, in person, by registered mail, or another method of average reliability.
The revocation, according to this article, will terminate the contract.
In this case, the costs of shipping and insurance will be the responsibility of the consumer.
If the contract is for services, this article will not be applicable if the date of receipt of the service is less than ten working days from the date of the order of purchase."
A common practice used in the salesrooms is for the salesperson to offer a special deal, such as an extra week of time, a coupon for discounted airfare, or some other enticing proposal, if the client agrees to sign a waiver that negates their right to rescind the contract within the 5-day cancellation period.
The Waiver
In other cases, the waiver states that the client gives up their right to a refund of the down payment if they choose to cancel within the 5-day period because they are accepting the special offer.
In a flurry of paperwork, the client agrees and signs the waiver, which is presented as a separate form from the complete contract.
When the client receives their contract package from the resort, this waiver is absent from their package.
Upon doing research about their purchase, some clients choose to cancel their timeshare contract commitment within the 5 working days as outlined in writing in their contract.
When they go back to the sales office, the sales manager may tell them that they no longer have the right to cancel, as they signed a paper waiving this right.
The salesperson will show them the paper, but refuse to give the client a copy.
The reason why the client never receives a copy is because this sales practice is fraudulent and illegal.
PROFECO
According to Article 1 of the Federal Consumer Protection Law in Mexico, the right to cancel a timeshare legally within 5 working days cannot be waived.
If the client has already returned home when they decide to cancel, they often face the same scam.
The resort responds by saying that they have the signed waiver in hand and cancellation or cancellation with a refund is not possible.
When the client asks for a copy, the resort says that they will send it, but it never arrives.
Many clients also contact us because they have difficulty contacting the resorts to ensure that their cancellation request has been properly served.
They have sent their cancellation letter by email, fax or even registered mail, but have never received a response.
Some clients receive a response outlining that they will get a refund within 15 days, but the charge is never actually refunded back to the credit card, or they do not receive their refund check as promised.
The delay tactic from some resorts
Upon receiving the client’s demand for cancellation and refund, some of the resorts will refuse to reply to the client.
This is a delay tactic to try to frustrate the clients so that they feel helpless in resolving the problem and eventually give up.
This leaves the resort with a valid, signed contract, and money flowing into their accounts as clients fear problems with their credit score if they do not continue to pay.
Our goal at Mexican Timeshare Solutions is to make timeshare purchasers aware of their rights according to Mexican Consumer Protection Laws, to ensure that timeshare developers follow these laws, and to represent clients who are in disputes because the laws have not been followed correctly.
If you are thinking of canceling a contract, and are within the 5-day cancellation period, our firm can assist you to ensure that the process is completed properly and effectively, so that you do not lose your opportunity to cancel the contract and get a refund without lengthy negotiations and legal procedures.
After a 5-day period
If you are past the 5-day period because you were told that you waived your right, and therefore succumbed to the fact that you were not able to cancel the contract, you still have recourse.
It is a difficult process, but our team specializes in helping clients successfully cancel a timeshare contract, whether it is within the 5-day rescission period.
1 Source: www.profeco.gob.mx
To receive more information about how to cancel a timeshare, send a WhatsApp to +52 1 333 239 6589, fill out the contact form, or call us at +1 714 277 3662
Information to share
If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?
- Share this link http://www.timesharescam.com/blog/54-cancel-timeshare-contract/ on your favorite blogs and forums
Leave your comment below and share your opinion with us. To know more about timeshare scams go to: Timeshare Attorneys, When is timeshare to use their services?
At certain resorts they have a 3rd person with no personal interest in the purchase assist you with the final documents. I reccomend contacting that person. When I did I was assisted quickly and proffesionally.
What if the timeshare company cannot find my contract? We have requested it and they said 7 business days and it has never arrived. When I called first, they said they did not have access to them right now. Is there anyway to use that in order to get out of contract or not pay rising maintenance fee costs?
Hace 6 anios compre con enganos en park royal ,un tiempo compartido pague cadi 20.000 pero me dijeron q podia acumular los puntos para utilizar mas tarde pero park royal me dijo q si no utilizo cada 2 anios lo pierdo,,,los pagos administrativos valian 400 ahora subieron a 700. Q hago para salirme de este arnaque
no se dejen engañar, muchas veces ponen "promociones" diciendote que no tienes derecho a los 5 dias si quieres la promocion, pero en realidad todo es una gran farsa
My poor mother who is 61 years old, just fell for the timeshare scam. The company was International Financial Management. She has lost $3,000. We live in SC and some of the call were supposedly from Florida and Washington, DC. They had a “legit” website that said they had been in business since 1947. I was wanting to know, where is the FIRST step we need to go in maybe getting her money back…..So sad that people would do this!
Thanks.
Oh how I wish I read this prior to buying a timeshare several years ago. We tried selling it with no luck. We finally were so frustrated with the maintenance fees and the inability to use it, we tried to give it back to the place we purchased it. Guess what, they wouldn’t take it back without us paying an additional cancellation fee of almost $600. I never wanted it in the first place but thought I would do it for my wife since she lit up when the salesperson did his presentation. We chaulk it up to lesson learned. I very expensive lesson.
Es bueno saberlo, hay muchas empresas que niegan ésto, o que simplemente dicen que hay una promocion pero no tendras derecho a los 5 dias.
Muchisimas gracias por este articulo, yo estuve en muchos problemas debido a esto, jamas se me informo y yo lo desconocia... espero que no le suceda a nadie mas
Quero cancelar um contrato feito ontem FIA 24 de agosto de 13. Como faço?
Buen día
En mi caso fui a Ixtapa y en un hotel me ofrecieron un plan de noches, del cual ya hice un anticipo. Quisiera cancelarlo pero ya pasaron poco mas de 2 semanas y la empresa me comento que no hay cancelaciones. ¿Qué puedo hacer?
Your E-mail and phone number will not be public .