
Do you currently own a Mexico timeshare? Or are you interested in learning more about how timeshare ownership works? Also known as a vacation club membership, timeshare ownership is an excellent way to make your money work for you in terms of vacation expenses. Currently, the Villa Group Resorts offer a legitimate timeshare ownership program that members love.
Right now, they have ten stunning resorts in the top destinations in Mexico including Puerto Vallarta, Los Cabos, Cancun, Islands of Loreto, and Riviera Nayarit. Villa Group timeshare ownership will save you money on your vacation expenses in the long run, but some consequences can occur if the timeshare payments are not paid on time.
For instance, you could earn a negative credit score, deal with cancellation scams, and even face foreclosure. To learn the top reasons to always pay your timeshare dues on time, keep reading below.
Defaulting on Timeshare Risks
To start with, the only way to learn all the ins and outs of timeshare ownership is to attend a Villa Group Resorts timeshare presentation at any of their ten resorts in Mexico. Currently, Villa Group Resorts has luxurious resorts in Cancun, Cabo San Lucas, Puerto Vallarta, the Islands of Loreto, and Riviera Nayarit.
Each family-friendly resort has stunning beachfront suites with first-class amenities that everyone loves when they are vacationing in Mexico. Top amenities include multiple pools, jacuzzis, a spa, resort activities, room service, and delicious restaurants, too.
Villa Group timeshare presentations are only around ninety minutes, and they will cover all the perks and financial commitment of their vacation club membership. The membership contract has to be signed along with paying the initial deposit and dues. If you have financial issues later down the road, your timeshare payments must always be paid on time.
Paying Maintenance Dues & Fees
The purpose of buying a timeshare in Mexico is to be able to have a wonderful space to create cherished new memories with your loved ones. Plus, members save money over time on vacation expenses by locking in low rates for future trips. To enjoy using your beautiful beachfront vacation unit, timeshare payments have to be paid along with maintenance dues and fees.
The maintenance fees go towards keeping the resort in tip-top shape. If a timeshare owner fails to pay their maintenance fees, then they can expect additional fees along with the regular bill and interest. Plus, timeshare members will be prohibited from using their vacation units if their maintenance fees are unpaid.
If the debt goes unpaid, then the debt could be sold to a collection agency, which could be stressful. Therefore, make sure all your timeshare payments and maintenance dues are paid on time.
Avoiding All Timeshare Cancellation Scams
Another unwanted risk that comes with not paying the timeshare payments on time is the risk of timeshare cancellation scams. There are companies out there that take advantage of unsuspecting timeshare owners who are not informed. Avoiding all timeshare cancellation scams is important because it could end up costing you money and stress.
The fraudulent timeshare cancellation companies promise members they can cancel their timeshare membership contract, but the truth is timeshare cancellation can only occur during the cooling off period (time after the new member signs the contract). Once the cooling-off period has expired, no cancellation company or attorney can cancel the timeshare membership contract.
These scammers prey on timeshare members by charging a very high upfront fee, then they will disappear without providing any service. Avoid them at all costs!
The article above shows the main reasons to always pay timeshare dues and payments on time. Nobody wants to default on their timeshare payments, so make sure you are aware of the risks you face if you don’t pay.
For instance, your credit score will be affected negatively, and foreclosure could occur. Would you like to join Mexico’s top vacation club? If so, Villa Group Resorts is the provider that has proven experience in the industry. Right now, they have ten beautiful resorts in top tourist destinations in Mexico including Puerto Vallarta, Cabo San Lucas, Islands of Loreto, Riviera Nayarit, and Cancun.
Vacation club members save money on travel expenses over time by locking in low rates for future trips. Plus, they have the guarantee that every vacation will be perfect. Contact Villa Group Resorts today to learn more and book a dream vacation package for your family!