Has anyone had success with Fastest Exit llc and Vidanta?

[ChadoKun]

I have been sucked into a possible scam with Fastest Exit who promised they could get all of our money back out of a Vidanta timeshare because of the misrepresentation of the sale. They did go through the steps of a hearing with Profeco. Now they claim to have a settlement, as long as I pay the tax up front (of course). Even went so far as sending me a Letter of Intent (they claimed a binding agreement) that spells out the payments. So many red flags. Has anyone had similar experience with this company?
Bracing for bad news...

did you ever hear anything from them? Did they ask for more money? Did you talk to an attorney?

 

[ChadoKun]

Try to contact them. If successful please contact me.

This phone number works [removed scammer's phone number - we don't want to give them any publicity on TUG.]

 

[davidvel]

did you ever hear anything from them? Did they ask for more money? Did you talk to an attorney?

Why do you ask?

 

[ChadoKun]

Why do you ask?

I paid them a while back to get me out also. They got my timeshare cancelled last year. Recently left me a message about a settlement. Sounded too good to be true. Just wondered how it ended.

 

[dioxide45]

I paid them a while back to get me out also. They got my timeshare cancelled last year. Recently left me a message about a settlement. Sounded too good to be true. Just wondered how it ended.

They probably want more money for you to "receive settlement money". There is no money to receive. They are just coming back to the well for more. They probably didn't really do anything to get you out that you couldn't do yourself. Did you stop making payments on the timeshare that they got you out of?

 

[Fido Chuckwagon]

They got my timeshare cancelled last year.

How exactly did they “get your timeshare cancelled?”

 

[davidvel]

I paid them a while back to get me out also. They got my timeshare cancelled last year. Recently left me a message about a settlement. Sounded too good to be true. Just wondered how it ended.

What resort did you have cancelled? How much did you pay to get it cancelled?

 

[Fido Chuckwagon]

What resort did you have cancelled? How much did you pay to get it cancelled?

Also, what does it mean to have a timeshare “cancelled?” Did the resort foreclose on him? Did the resort offer a deedback? There’s no such thing as “cancelling” a timeshare contract after the deed has been recorded. Edit: I guess unless it was one of those vacation club type properties where you don’t really own anything.

 

[T-Dot-Traveller]

Also, what does it mean to have a timeshare “cancelled?” Did the resort foreclose on him? Did the resort offer a deedback? There’s no such thing as “cancelling” a timeshare contract after the deed has been recorded. Edit: I guess unless it was one of those vacation club type properties where you don’t really own anything.

Vidanta is a RTU float unit / float week " ownership". So you own the right to enjoy Mexican sunshine in February
[ instead of freezing your ass off in Canada - Minnesota - Wisconsin - Michigan etc.]

My wife is happy & so it's the best sunshine I ever bought for $ 16 K.

 

[ChadoKun]

They probably want more money for you to "receive settlement money". There is no money to receive. They are just coming back to the well for more. They probably didn't really do anything to get you out that you couldn't do yourself. Did you stop making payments on the timeshare that they got you out of?

True, probably could have negotiated it myself. I did stop making payments and got written releases from Vidanta.

 

[ChadoKun]

How exactly did they “get your timeshare cancelled?”

series of steps including formal letters to Vidanta (requesting stopping auto payments, requesting cancelation, etc.), freezing reporting to credit bureaus, stop payment with my credit card company, filing a complaint with Profeco, attending the 3 Profeco hearings, advising on all communications with company.

 

[davidvel]

series of steps including formal letters to Vidanta (requesting stopping auto payments, requesting cancelation, etc.), freezing reporting to credit bureaus, stop payment with my credit card company, filing a complaint with Profeco, attending the 3 Profeco hearings, advising on all communications with company.

How much did it cost you for them to help you? What is freezing reporting to credit bureaus? I've never heard of this.

 

[dioxide45]

How much did it cost you for them to help you? What is freezing reporting to credit bureaus? I've never heard of this.

Freezing your credit reports will prevent additional credit inquiries for new credit. I don't see how it would really help in this situation because it doesn't prevent active creditors from reporting to the credit bureaus.

 

[WorldT]

series of steps including formal letters to Vidanta (requesting stopping auto payments, requesting cancelation, etc.), freezing reporting to credit bureaus, stop payment with my credit card company, filing a complaint with Profeco, attending the 3 Profeco hearings, advising on all communications with company.

@ChadoKun . So how much did you pay them. You haven't answered the main question. I am not really interested in the number. They didn't do anything for you that you couldn't do yourself. In reality, Vidanta is RTU (think membership club). You don't own anything. Really, they just closed your account and moved on. You could have accomplished the same thing by simply not paying, changing account numbers, blocking them and moving on.
Please don't make me chuckle with "settlement" story. There is no such thing.

 

[davidvel]

Freezing your credit reports will prevent additional credit inquiries for new credit. I don't see how it would really help in this situation because it doesn't prevent active creditors from reporting to the credit bureaus.

I understand freezing your credit report. OP stated they were "freezing reporting to credit bureaus." As you note you can't stop people from (legitimately) reporting your credit issues. Also, reports here are that defaulting on these TS in Mexico doesn't affect credit. Obviously lots of BS and doubletalk, something is off.

 

[Fido Chuckwagon]

Obviously lots of BS and doubletalk, something is off.

I agree.

 

[TUGBrian]

these companies rely on that clever marketing and misleading claims in order to make people think they are providing a valuable service... its the same story every time.

 

[winterski]

did you ever hear anything from them? Did they ask for more money? Did you talk to an attorney?

Fraud

 

[RJ00]

I have been sucked into a possible scam with Fastest Exit who promised they could get all of our money back out of a Vidanta timeshare because of the misrepresentation of the sale. They did go through the steps of a hearing with Profeco. Now they claim to have a settlement, as long as I pay the tax up front (of course). Even went so far as sending me a Letter of Intent (they claimed a binding agreement) that spells out the payments. So many red flags. Has anyone had similar experience with this company?
Bracing for bad news...

I also was trying to get out of my Vidanta TS with fastest exit. Same thing happened to me, got an email after 2 years of going round and round with Profeco delays saying they finally had a settlement. Had the phone call today where they said they would release the settlement once I repaid the taxes that were charged when I bought. Not going to fall for that again. I am cutting my losses after seeing all the same type of reviews.

 

[winterski]

I also was trying to get out of my Vidanta TS with fastest exit. Same thing happened to me, got an email after 2 years of going round and round with Profeco delays saying they finally had a settlement. Had the phone call today where they said they would release the settlement once I repaid the taxes that were charged when I bought. Not going to fall for that again. I am cutting my losses after seeing all the same type of reviews.

Up front fee followed by more up front fees. Anthony Rowlinson, John Cobb, Nicole Renolds , Adriana ( account manager no longer replying) , Mathew on the phone... moving around. No longer answering the phone, asking to leave a message and then no reply.

 

[Fido Chuckwagon]

I also was trying to get out of my Vidanta TS with fastest exit. Same thing happened to me, got an email after 2 years of going round and round with Profeco delays saying they finally had a settlement. Had the phone call today where they said they would release the settlement once I repaid the taxes that were charged when I bought. Not going to fall for that again. I am cutting my losses after seeing all the same type of reviews.

You were not talking to Profeco.

 

[WyndhamWyzrd]

Stonegate firm


Sent from my iPhone using Tapatalk

 

[Blnde406]

Up front fee followed by more up front fees. Anthony Rowlinson, John Cobb, Nicole Renolds , Adriana ( account manager no longer replying) , Mathew on the phone... moving around. No longer answering the phone, asking to leave a message and then no reply.

Same run around I am getting... so mad that I fell for this!!! I am livid to say the least!

 

[winterski]

"Investors"? Who are the investors? Or where you trying to say clients like the OP?
As for recovery, good luck. The entities usually do not have assets. The only recovery you can possibly get would be to go against the owners of the company personally. Those kinds of claims are not easy.
In addition, a criminal prosecution may be helpful as restitution can be ordered in criminal prosecutions.

Investors are people who give money to a business or company.

 

[winterski]

I have been sucked into a possible scam with Fastest Exit who promised they could get all of our money back out of a Vidanta timeshare because of the misrepresentation of the sale. They did go through the steps of a hearing with Profeco. Now they claim to have a settlement, as long as I pay the tax up front (of course). Even went so far as sending me a Letter of Intent (they claimed a binding agreement) that spells out the payments. So many red flags. Has anyone had similar experience with this company?
Bracing for bad news...

Fastest exit published a statement supposedly on May 15 th stating they were going out of business. A list of about a dozen names of " no longer working at Fastest Exit" is given. In early July they contacted me about paying 16% in taxes to Mexico for a settlement. which I did not do. Very easy to see it is a scam, not so easy to see who is dealing with the recovery of stolen, probably millions, of dollars. British and Australian accents.
The US court system recently fined google for accepting money to place google searches at the top. This could prevent scammers from monopolizing google searches and allow criticism to be easily googled. A good example is Lloydshare annuities which has been able to monopolize the google search. The first Lloydshare article is dated 2023 and other articles from as far back as 2012 are still front page. lloydshare annuities do not get paid and the purchase cost is not refunded. Money in, no money out.