sábado, 19 de agosto de 2017

WHO IS PROFECO?


PROFECO is the Spanish acronym for Procuraduría Federal del Consumidor. PROFECO is Mexico’s Consumer Protection Agency--an administrative branch of the federal government in Mexico. This federal department deals with all kinds of consumer issues, as well as those relating to timeshare resale scams. PROFECO can even assist foreigners who believe they have been involved in a timeshare scam in Mexico, such as those orchestrated by timeshare cancellation companies.

CARE

The name of the PROFECO department that deals with the claims of foreigners is called CARE, the Spanish acronym for Departamento de Conciliación a Residentes en el Extranjero. This department can help foreigners settle disputes. For example, it is the first group you should contact if you think you have been involved in a timeshare cancellation scam or timeshare resale scam. Ironically, most timeshare cancellation scammers will tell you not to contact this department because they wish to charge you large sums of money for services they are not legally able to provide you.

Why contact PROFECO?

Even if you feel that the resolution of the scam you have been involved in seems unlikely, it is worth contacting PROFECO to make a complaint. The information that you provide could help to protect other victims in the future. At the very least, filing a complaint will draw attention to the scammers.

jueves, 10 de agosto de 2017

Timeshare Refunds and Recovery Scams


Timeshare scams and related fraud are becoming more and more creative. They often trap timeshare owners because they are so convoluted and complex—it is hard for owners to believe that scammers would go to so much trouble to lie convincingly. However, when there are dollars at stake, scammers will take great measures to create a “foolproof” image. Because timeshare refunds and recovery scams often have a high price tag, they provide fertile ground for scammers--if scammers can trap even a tiny percentage of owners in their schemes, the payoff is worth the effort. Timeshare owners can protect themselves from scams by learning about sucker lists, scam targeting, and advance fees.

Sucker Lists


This might come as a shock to you, but scammers are more likely to target people who have already fallen for a scam. Believe it or not, there are what are called “sucker lists” that contain the names, addresses and telephone numbers of people who have already handed over cash to scammers or “too good to be true” promotions. For example, if you have ever paid money to be included in a raffle for a million dollars or to win a car, you may well be on that list! These lists are sold to crooks who target you for all kinds of scams, including timeshare refunds and recovery scams. 

How are you targeted for scams
?

Many of us do not even realize that we have been part of a scam. You might have entered a bogus competition, paid money to a fake charity, invested money into a business opportunity, and so on. What keeps most of these scams off your radar is that you likely gave just small amounts of money, so it doesn’t ring alarm bells when you never hear from the company again. When it comes to timeshare refunds and recovery scams, you might be targeted by chance, or your details may have been taken from websites that you have looked at when searching for ways to cancel or sell your timeshare. With this information, the scammers know that you are interested in this topic; all they have to do is find the right angle for their fraud.

Advance fees for timeshare refunds and recovery scams

Once the scammers know that you have been scammed in some way in the past, they may call you promising to recover the money you lost, or to help you get the merchandise that never arrived. They might even pose as attorneys who are suing the people who scammed you before. The trick is that they charge an upfront fee. Charging a fee in advance is against the law for telemarketing in the USA--you cannot legally be asked for payment for a service or product until you have received the product.

Protect yourself from timeshare refunds and recovery scams

When it comes to timeshare refunds and recovery scams, the way to protect yourself is simple: avoid cancellation companies and attorneys. Any company offering cancellation service is likely to be a scam, even if they say that their services are free. This is particularly true if you have purchased a timeshare with a legitimate leading timeshare brand because scammers want to target leading brands. If you avoid companies that claim they can secure timeshare refunds and recovery, and you will avoid a scam—plain and simple! If you feel you have grounds for cancellation or a timeshare refund, the company you should talk with is your timeshare provider. They are the only ones who can make these decisions after your rescission period has passed.

What is your experience of timeshare refunds and recovery scams? Leave your comments below.

martes, 1 de agosto de 2017

Rescission Laws for Timeshares in Mexico?


Are you looking for information about the rescission laws for timeshares in Mexico? Here you will find out all you need to know regarding timeshare cancellation in Mexico and the laws that guide the rescission period.

Rescission laws for timeshares in Mexico

Rescission laws for timeshares in Mexico were established to protect both consumers and timeshare companies. Rescission laws provide useful guidelines for both buyers and sellers of timeshare when you purchase from a licensed developer. Remember, when you buy a timeshare resale, your consumer rights will depend on how you purchased your timeshare, and you may not be protected by the rescission laws for timeshares in Mexico. This article is concerned with the rescission laws that are applicable when you purchase a timeshare in Mexico from a legitimate timeshare company.

What is the rescission period?

Another name for the rescission period is “the cooling-off” period. This is the time when you cannot be denied the right of cancellation. Contrary to what many fraudulent timeshare cancellation companies will have you believe, Mexican law affords purchasers the legal right to cancel their timeshare contract during the rescission period. Cancellation companies may trick you into thinking that you need their services so they can charge you high fees.

What happens after the rescission period has passed?

Once the cooling-off period has passed, rescission laws for timeshares in Mexico cannot help you cancel your timeshare. Again, timeshare cancellation scams will try to convince you that they can work on your behalf to cancel your timeshare, but that is simply not true. No matter what they promise, you have no legal rights to cancel a timeshare after the rescission period has passed.

Protection from cancellation scams

While consumers are fully protected by the rescission laws for timeshares in Mexico when they purchase a genuine timeshare membership from a legitimate timeshare company, consumers don’t have much protection timeshare cancellations scams because very few regulations are in place. The best course of action is to research the company as well as you can, or--better still--avoid cancellation companies all together. If you feel that you have been involved in a timeshare cancellation scam, you should contact the Mexican federal department called PROFECO to make a formal complaint against the cancellation company.

What is your experience of the rescission laws for timeshares in Mexico? Please leave your comments.


sábado, 29 de julio de 2017

Timeshare Solutions


Timeshares are great solutions for families and couples from all generations to enjoy regular vacations at low prices. When you become a timeshare member, you access resorts in some of the best places around the world. Timeshares might not be for everyone’s taste, but they certainly offer great value solutions for millions of people worldwide.

Points Based Vacation Clubs

Points based vacation clubs are the best timeshare solutions on offer these days. When timeshare first began, it worked on a fixed week basis and then began to offer floating weeks within particular seasons. However, the best timeshare solutions nowadays are those vacation clubs and timeshare memberships that offer you points that can be used flexibly. Points based timeshare solutions means that you are not limited to spending weekly intervals but rather you can stay for shorter or longer periods of time without having to book in 7 night blocks.

Another benefit of points based memberships is that you can take more than one vacation each year in two or more separate destinations. If you have enough points to cover your reservation, you can vacation as many times as you like within any year. Some vacation clubs will allow you to use timeshare points to pay for all inclusive meal plans and other services too.

Fixed Weeks

When timeshare first began as a marketable asset offering timeshare solutions, memberships were divided into weekly intervals and you would buy a number of weeks in a particular type of unit at a resort or condo. The general idea was that you would return during the same time each year. This model was ideal 30 or 40 years ago, when working families would tend to have the same two week vacation time each year and would be able to plan ahead. As times changed and people sought greater flexibility, floating weeks emerged as the next timeshare solution.

Floating Weeks

Floating weeks were the natural progression from Fixed Week timeshares. In this case, you would purchase a week within a particular season block (such as summer, winter or shoulder seasons) and would be able to reserve during this time, providing greater flexibility.

Exchange Companies

As the popularity of timeshares grew, more and more people looked for ways of being able to exchange their properties for other destinations and resorts other than at their chosen timeshare resort. Out of this need emerged international exchange companies such as RCI, the Registry Collection and Interval International. These companies provide timeshare solutions for when you want to visit other countries making use of your timeshare investment.

Cancellation Attorneys

Posing as a source of legitimate timeshare solutions, fraudulent companies pretending to offer timeshare cancellation advice and services began to emerge as the timeshare industry took off. These companies claimed (and still claim) to be able to cancel timeshare contracts, charging high fees. However, unless you are within the rescission period, no amount of fees that you pay to a cancellation company will allow you to lawfully cancel your timeshare with a legitimate timeshare company. Cancellation companies certainly do not offer viable timeshare solutions.