May 20,2020, Updated March 24, 2024
Timeshares are tricky enough to navigate in America, but buying a timeshare in a foreign country is even more risky. Two Mexico timeshare buyers share their experience.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned three Mexican individuals and 13 Mexican companies. These individuals and companies are linked, directly or indirectly, to timeshare fraud led by the Cartel de Jalisco Nueva Generacion (CJNG). CJNG, a violent Mexico-based organization, traffics a significant proportion of the illicit fentanyl and other deadly drugs.
May 6, 2020 (updated January 30, 2024
A lobbyist’s bizarre comment to bear in mind when reading 15 timeshare exit nightmares
“Their value comes from using it,” the timeshare industry’s top lobbyist told ConsumerAffairs in January, admitting that points have no resale value, while claiming that consumers don’t mind this because the value comes from the experience.
April 22, 2020
By Michelle M in Oregon
My timeshare purchase has created a financial burden unprecedented in my life. I found online questions I should have asked the sales agents that would have prevented my timeshare nightmare. If I had asked these questions I would have avoided the anger, frustration and depression left when your only option is to default. There are also questions you should ask yourself before signing a perpetual timeshare contract, financed as high as 19%, or higher if a credit card purchase, with little to no resale value.
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