Are you a timeshare owner at Garza Blanca in Mexico? If you are, then you will want to make sure you are making your payments on time. When you decide to become a vacation club member, you have to sign a legal contract. Regular payments need to be paid as promised. If you don’t keep up with your membership financial responsibilities and default, there are serious consequences to consider. For starters, you will no longer get to use your great Garza Blanca vacation home with your family and friends. Plus, you will face financial problems. The main reason you probably joined a vacation club membership was so you and your family could have quality time together. Ensure you make your payments, so that you can continue to provide amazing vacations for you and your family. Read below to learn about the consequence of defaulting on your Garza Blanca timeshare.
Consequence of Defaulting With Your Mexican Timeshare
When you decided to join a timeshare in Mexico, you signed a legal financial agreement. If a timeshare member doesn’t uphold the financial responsibility of their contract, then that member will not be allowed to use their vacation unit. Many people join a vacation club so they can guarantee that their family will always have the best vacations. When you default on your Mexican timeshare payments, you won’t be able to enjoy those great vacations. Plus, added fees will accumulate to your account as well. Many reputable providers including Garza Blanca charge members a reinstatement fee when they get behind on their regular payments. Your credit score will be affected negatively too, which will affect you later in life if you decide you want to purchase a new car or home. Don’t let this happen to you. Try to stay up on your payments. There are many consequences of defaulting on your timeshare payments.
Maintenance Fees and Dues Must Be Paid
Timeshare members are also responsible for paying maintenance fees and regular dues. It is very important that you pay your maintenance dues, because this is how the resort will be in great shape all the time. When you don’t pay your maintenance fees, then it will adversely affect the upkeep at the resort. Remember, maintenance fees are part of the timeshare membership purchase. If you fail to make your maintenance fees, then the existing provider can foreclose on your vacation unit. In fact, they can even sell it at an auction so they can recover the money that they lost from you not making your payments. Timeshare owners that don’t honor paying their maintenance fees can face a judicial foreclosure, too.
Timeshare Cancellation Company Scams
Lastly, you should pay your timeshare payments, so you don’t become a victim to a cancellation company scam. Fraudulent timeshare cancellation company scams try to convince existing owners that they can help them cancel their membership contract, which is not legally possible. The only time a vacation club member can cancel their timeshare contract is during the cooling-off period. The cooling off or rescission period occurs in the few days after you sign your contract. If you are having issues with your financial obligations, contact your existing provider. To avoid timeshare scams, stay away from all cancellation companies.
Last year we all went through many difficult challenges. However, being a Mexican timeshare owner comes with many perks if you choose a reputable provider like Garza Blanca. Now, is the time that we should spend wonderful vacations with our family. Remember, you will face serious consequences if you default on your timeshare payments. Wondering which vacation club to join? Garza Blanca is a reputable timeshare provider that you can trust. They have COVID safety protocols in place to keep resort guests and vacation club owners safe and secure. Contact them today if you are interested in providing amazing vacations for your family. You deserve to pamper yourselves!
