Are you a Garza Blanca timeshare owner? If you are a member, you are part of one of Mexico’s top vacation clubs. Members get premiere access to world class amenities, spacious accommodations, and VIP services. For various reasons, sometimes people irresponsibly consider defaulting on their timeshare payments. However, timer ownership is a legally binding agreement and financial consequences will occur if you don’t pay. Regular fees and maintenance dues must be paid as promised so that club members will always have a clean, tidy and updated resort to enjoy during their vacations. Members that don’t pay will end up with no access to their timeshare unit, a bad credit score, and even could become a timeshare scam victim. Keep reading below to learn more to learn essential information so that Garza Blanca timeshare owners can be informed on why timeshare payments must be paid as promised.
Garza Blanca Timeshare Member Info
To start with, buying a timeshare is somewhat similar to a real estate purchase. While the overall financial commitment is smaller, a timeshare contract is a legally binding document. Therefore, timeshare owners are legally required to make payments as promised in the contract. No matter what problems may arise, timeshare payments and regular maintenance fees need to be paid on time. If you stop making payments, negative consequences will come your way. Firstly, members that default on their timeshare will have their credit score lowered which makes getting future loans or a mortgage more difficult. Also, timeshare providers can even commence foreclosure proceedings if members do not come current on their payments. Last but not least, members that don’t pay their dues will not be able to use their timeshare unit or resort amenities at all. Don’t let your family’s future vacations get ruined because of bad financial decisions!
Regular Dues & Maintenance Fees
In order to keep resorts and timeshare units looking great, regular maintenance is required. For Garza Blanca timeshare owners, they must pay regular dues and maintenance fees. Fees help cover landscape upkeep and general repairs and upgrades to the facilities. When members don’t pay their dues and maintenance fees, it is considered a default of the legally binding timeshare contract. You can review your membership contract to read the specific details about what maintenance fees cost and what services they are used for. Also, don’t forget that members that don’t pay their maintenance fees will lose all rights to use their timeshare unit. In addition, reinstatement fees are often required if you want to come current on your late payments. Be responsible and pay your dues so you and your family can enjoy your timeshare unit now and in the future!
Avoid Getting a Bad Credit Score
If you don’t pay your timeshare dues as promised, your credit score will take a beating. If you didn’t already know, a good credit score is important to have if you ever need to take out a loan or apply for a mortgage. If you have a bad score, it will make it much harder to obtain credit as lenders review your credit score when deciding whether to approve a credit request or not. If you miss timeshare payments, your credit score number will go down significantly. Likewise, collection agencies share negative information with the other credit report companies, too. In addition, collection agencies are aggressive in their attempts to collect owed money, and will visit your home or workplace to find you. If you miss timeshare payments, you may have to deal with a foreclosure and claims can be filed against your personal possessions, too.
Timeshare Cancellation Scam Victims
Another negative aspect that comes with not making your payments is that you could become a timeshare scam victim. Fraudulent cancellation companies exist that prey on existing timeshare members. They regularly try to contact existing owners who want to cancel their timeshare and offer illegitimate services they cannot legally provide. Timeshares can only be cancelled in the cooling off period which is typically 5-14 days after the membership contract is signed. After that, a timeshare cannot be cancelled. Don’t become a timeshare scam victim who is duped by a fraudster who tries to tell you otherwise. Remember, the only time they can be cancelled is during the cooling off period which is also known as the rescission period. Don’t let sneaky fraudsters take your hard earned money! To stay safe from timeshare cancellation scams, avoid cancellation companies at all costs.
As you can see, Garza Blanca timeshare owners need to be aware of the possible consequences that can occur if payments are not made on time. Owning a timeshare is creating a comfortable space to spend quality moments with your friends and family. Plus, members prepay for future travel at low rates so they save money in the long run. Make sure to budget accordingly so you can always enjoy your timeshare by staying current with your payments. You and your loved ones deserve to enjoy great vacations in paradise. If you aren’t already part of the club, consider applying to join the exclusive Garza Blanca vacation club. They have incredible resorts in Cabo, Cancun, and Puerto Vallarta. Garza Blanca members love knowing that every vacation will be unforgettable and first class all the way. Call Garza Blanca today to learn more!
