Timeshare Scams In Mexico vs USA and How to Safeguard Yourself
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When it comes to scams, companies established in countries with fewer government regulations and more corruption are more likely to commit fraud and being able to get away with it.
But know the details of why it is easier to scam vacationers in Mexico out of their money than in the US.
Timeshares in Mexico have a bad reputation for scamming innocent vacationers into purchasing a fraudulent timeshare contract.
In this article, we discover why more timeshare scams happen in Mexico and the Caribbean than in the US or Canada and what timeshare victims can do to resolve their timeshare problem.
Timeshare scams in Mexico 1
Mexico is still considered a Third World country, and they rely heavily on tourism and timeshare sales for the health of their economy.
With their beautiful beaches and lush surroundings, it should be easy to sell timeshares based on the inherent qualities of the resort and the destination; however, many timeshare companies in Mexico use fraudulent sales tactics to boost their sales even more.
Their rental and resale promises seem too good to be true, and they induce clients that wouldn’t normally purchase, to take the plunge and invest thousands of dollars.
Timeshare scams in Mexico 2
The government in Mexico has very lenient regulations for timeshare companies that do not cover the regulation of sales practices.
If a tourist falls victim to a timeshare scam in Mexico, the government agencies are not very effective in helping to resolve the problem, because the loss of the income from timeshare would result in less employment and wealth within Mexico.
Timeshare scams in Mexico 3
The salespeople in Mexico use high-pressured sales tactics to ensure that their sales occur on a one-day-only basis so that the client does not have time to properly research the company.
They are often successful because the clients are on vacation, have let their normal guard down, and do not have time to make an informed decision.
One would think that the fraudulent sales practices would inhibit the resort’s ability to sell because it would tarnish their reputation; however, most timeshare consumers do not plan in advance to buy a timeshare.
By the time that most clients find out that they have been scammed, they are outside their 5-day cancellation period, and are not sure how to approach canceling a timeshare in a foreign country.
Timeshare scams in Mexico 4
Most victims of timeshare scams in Mexico do not speak Spanish, so the process of canceling a timeshare in Mexico is very daunting, as they cannot communicate effectively with the resort or government agencies.
The timeshare scam companies are very aware of this fact, and often use it to their advantage to frustrate complaining clients by not offering English-speaking staff.
Many timeshare scam victims feel helpless at this point, and give up, but our staff at Mexican Timeshare Solutions can advocate for clients who cannot contact or communicate with the resort.
Timeshare scams in Mexico 5
Another difference is that timeshares in the US and Canada are more highly regulated to abide by federal laws than timeshares in Mexico.
There are also important organizations, such as ARDA, the American Resort Development Association, that act as a marketing tool for resorts but also provide consumer protection measures by not endorsing companies that are involved in situations of fraud.
In addition, the Better Business Bureau in the US and Canada serves as an open forum for clients to rate and review the reputation of the timeshare company they plan to purchase.
The clients that buy in the US and Canada are typically citizens of those countries, and are aware of their legal rights and the correct avenues to deal with situations of fraud.
All of these factors help to limit the number of scams that occur in the US and Canada, and facilitate the cancellation process if the client has been defrauded.
Timeshare scams in Mexico 6
Unfortunately, if US and Canadian citizens have previously owned timeshares in their own country, and have had successful experiences with those timeshares, they are more susceptible to being scammed by a timeshare company in Mexico.
As they have already purchased from a salesperson who accurately outlined their timeshare details, they place more trust in the fact that what the Mexican timeshare salespeople promise is true.
This can put them in a potentially vulnerable position if they encounter a Mexican timeshare salesperson who lies in order to increase their sales.
With any financial investment of this magnitude, whether it is in the US, Canada, or Mexico, it is important not to take the salesperson’s word at face value.
All consumers must take the time to research the timeshare company, and check with current timeshare owners to see if it is a reputable company to invest in for their vacation needs.
All one-day offers sold under high-pressure circumstances should be avoided, or rejected, as this is a prime indicator that the organization is a scam.
If you have purchased a timeshare in Mexico, and feel that you were not given what you were promised, contact us at Mexican Timeshare Solutions for help.
Our professional staff works hard on your behalf to ensure that justice is sought and obtained.
The best part is that, as the client, you do not have to deal with the frustration of being ignored by the resort, or having extremely difficult communications problems.
We handle all the details to ensure that your Mexican timeshare contract is cancelled properly so that you have no further obligations to the resort.
To receive more information about timeshare scams in Mexico and how to cancel your timeshare, send us a WhatsApp message at +52 1 333 239 6589, fill out our contact form, or call us at +1 714 277 3662.
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