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Different names used in the timeshare industry

Different names used in the timeshare industry
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The majority of international travelers are aware of timeshare scams when vacationing and it is more difficult for timeshare salespeople to sell them the ownership, for that reason, timeshare companies need to be ingenious to keep selling timeshares and they began to use other names to call timeshares. Read this article and learn the different names used in the timeshare industry.

Every time, more and more people is realizing about timeshare scams in Mexico and timeshare companies are using tricks and false promises to get travelers attention. You can read more at:

Timeshare Scam Companies: Learn about Timeshare Scams in Mexico

Timeshare Companies: The truth about them

How do timeshares work?

 What is a timeshare?

Timeshare industry is well known for the lots of timeshare scams and the thousands of travelers fall victims every day from this timeshare scams. First of all, let’s see what a timeshare is.

A timeshare is a fractional ownership that owners can use during a specific time of the year. It is important that people don’t consider timeshares as financial investments, which are not. In fact, there are many timeshare complaints about these memberships. The next are the five most commons complaints:

  1. Timeshares are overpriced and the value of a timeshare is almost zero.
  2. Timeshare maintenance fees and annual fees are too high and increase every year. Besides, the most of times timeshare companies charge special assessment fees, which are not cheap either.
  3. Timeshare properties are not flexible; you are subject to many restrictions. In fact, it is very difficult to make a reservation in the timeshare resort.
  4. Timeshare weeks are very difficult to sell or rent; this is because the timeshare resale market is very poor and you can find timeshares listed for sale even for pennies. The same happens with the timeshare rentals.
  5. Timeshares don’t deliver what the timeshare salesmen promise. Some verbal promises made at the timeshare presentation are not in the timeshare contract.

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Different names used in the timeshare industry

Many travelers around the world have realized that the most of timeshares are scams, due of what they see in the news, or what they read on the internet. For that reason, timeshare companies have been given themselves the task of search different names to call the timeshares.

Whatever it is the name in the contract, rest assured that is a timeshare. These are the different names used in the timeshare industry:

  •  Vacation Ownership
  • Fractional Ownership
  • Vacation Club
  • Multiple Week System
  • Points System
  • Vacation Program

If you signed a contract under one of the above names, let me tell you that you bought a timeshare. It does not matter that your contract does not say “timeshare contract”, anyone of these names are exactly the same as “timeshare”.

How to get out of a timeshare agreement?

You have already realized what you sign for is a timeshare with a different name, and for sure you are looking to get rid of that purchase. The best solution is canceling the timeshare.

PROFECO, the Mexican Consumer Protection Agency, has a 5 day right of rescission timeshare law. If you are still within the 5 days, make sure you read every clause carefully. On the other hand, many timeshare owners don’t realize that they were scammed within the 5 day rescission period, which makes the timeshare cancellation more difficult.

It does not matter if you are still on your 5 days period or not, the timeshare resort will make very difficult the timeshare cancellation. The best thing to do is hiring a timeshare attorney to do all the process.

At Mexican Timeshare Solutions, we assist people to cancel their contracts within or not the 5 day rescission period. We guarantee that your timeshare contract will be cancelled. What characterizes us is that we do not charge upfront fees; you pay us until the contract is properly cancelled. Contact us to schedule a free consultation to tell you what we can do for you.

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?

If you want to know more about timeshares in Mexico, visit:

Is timeshare a good investment?

Mexican Timeshare Fraud

Are timeshares scams?

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18 Comments
  • Arthur MckeinAugust 1, 2016, 11:43 am

    Beware timeshares , timeshare industry is not a good deal , you must be very carefull of what you sign when you get involved, timeshare maintenance fees are very high and is like a no end circle , dont waste your money and avoid timeshare presentations , actually im cancelling mine timeshare contract with Villa del Palmar , good luck .

  • Nayeli75July 1, 2016, 10:05 am

    Un tiempo compartido es solo una perdida de tiempo y sobre todo de dinero , despues de aver vivido una experiencia tan desagradable como lo fue con mayan palace ya no quiero saber nada de eso , no inviertan en algo que ni siquiera les dejaran usar y seguiran pagandolo !

  • Miguel February 1, 2016, 10:58 am

    Lo unico que se es que espero y todas las personas que se dedican a la estafa de clientes con tiempos compartidos se extingan! he pasado muy mal trago con un resort en mexico , para ser mas exacto ROYAL HOLIDAY, las cuotas de mantenimiento estan por los cielos y no me dejan cancelar, mucho cuidado

  • Mario SanchezDecember 28, 2015, 11:22 am

    Muchas gracias por compartir este articulo , por si o por no yo ya no quiero saber nada que tenga que ver con timeshares , perdi mucho dinero en algo que pense que podria ser la inversion de mi vida y fue todo lo contrario , mejor inviertan en otra cosa, saludos.

  • Patricia ParsonDecember 7, 2015, 2:51 pm

    Timeshares are the worse legal scams I have encountered! The presenters actually get testy when you say no! The managers sit around like a bunch of trained assassins ready to attack! The price of timeshares are heavily inflated and they act like that is the only way to vacation. If you want to sell you run into another scam.

  • BrittNovember 27, 2015, 5:46 pm

    I can't get out of this. Mayan Palace sales tactics are hardcore and they will tell you anything you want to hear to get you into the contract and keep you in contract with them. Most of the Mayan Palace Timeshare Scam being committed by the Sales representative is that they don’t let their buyers know they have a 5 days cooling period if they wish to cancel; instead, they repeatedly tell they buyers once the contract is being sign there is no cancellation period.

  • RavenNovember 20, 2015, 4:44 pm

    The big thing about timeshares is how they are sold. The sellers allow potential customers to come to the vacation site in exchange for attending a seminar on why they should buy a timeshare. While the average person comes in not intending to buy, the sellers are quite persuassive and often are successful. However, their techniques are often regarded as sneaky or dishonest.
    For example, some visitors are required to spend inordinate amounts of time at these seminars. In other cases, one seller will offer an artifically high price just so another seller can present the real offer, making it appear cheaper. Additionally, sellers may put pressure on people by saying the offer is only on the table if they buy that day.
    Other complaints include maintenance costs and the difficulty of getting rid of a timeshare once one no longer wishes to vacation in the resort.

  • MarieNovember 6, 2015, 4:43 pm

    We were scammed too and we want out but don’t know how to get out. I wrote to their office and explained how we were deceived, lied and high pressured into this thing. We can not afford it either, we would take the loss and donate it, but as you said that can be a scam too…..If you’ve found any help….I’d appreciate knowing how to get out.

    Thanks

  • Thomas VOctober 15, 2015, 1:13 pm

    I have a timeshare and I would like toget rid of it without ruining my credit score. They are forcing me to pay the fees or they will report to my credit report. I have ask for other solutions because I can't afford the payments and they said I have no choice.

  • JackieOctober 6, 2015, 1:59 pm

    My husband and I very stupidly got sucked into buying a time share. Now we want to get rid of it, but we're having trouble finding reputable companies to donate it to, not to say resale companies. Could you possibly send me more information?

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