Mexico Timeshare - Can I just stop paying maintenance fees?

[Passepartout]

I

I signed from them.But its says the creditor is TB travel Sa.I didn’t take a loan in the US.

If it was me, I'd never pay them another dime. You'll lose what you've paid, but even if you paid it off in full, it would be worthless anyway. The only hold they have on you is the use. You own nothing.

You might get some letters promising some action. I'd ignore them. If, on the outside chance they are able to put a derogatory note on any of the US credit reporting companies, you are entitled to write a rebuttal that would have to also be sent to any potential creditor.

Out of curiosity, back 3 weeks ago, why were you 'not able to cancel it right away'? A simple handwritten letter that you don't want to proceed with this sale could have saved you all this anxiety. Just sayin'.

Jim

 

[Tcm]

If it was me, I'd never pay them another dime. You'll lose what you've paid, but even if you paid it off in full, it would be worthless anyway. The only hold they have on you is the use. You own nothing.

You might get some letters promising some action. I'd ignore them. If, on the outside chance they are able to put a derogatory note on any of the US credit reporting companies, you are entitled to write a rebuttal that would have to also be sent to any potential creditor.

Out of curiosity, back 3 weeks ago, why were you 'not able to cancel it right away'? A simple handwritten letter that you don't want to proceed with this sale could have saved you all this anxiety. Just sayin'.

Jim

I know that’s our regret.I guess we fall into their lies thinking it’s too good to be true.Do you think they would sue us for breech of contract?

 

[easyrider]

I

I signed from them.But its says the creditor is TB travel Sa.I didn’t take a loan in the US.

The easiest thing to do is to let it ride and see what happens at this point. Even if they get a judgement , in most states, all they can do is take your membership back and maybe ding your credit score. Just in case you missed this post I'm quoting it for you to read.

if you truly are concerned, seek out a consultation with a local attorney in your area that specializes in debt collection (not timeshares). the collections laws/procedures in your state will dictate what can be done in an effort to collect on a debt.

Bill

 

[Tcm]

The easiest thing to do is to let it ride and see what happens at this point. Even if they get a judgement , in most states, all they can do is take your membership back and maybe ding your credit score. Just in case you missed this post I'm quoting it for you to read.



Bill

Thank you all for your help.

 

[callwill]

I know that’s our regret.I guess we fall into their lies thinking it’s too good to be true.Do you think they would sue us for breech of contract?

I think they would have to sue you in a US court. Would likely cost them more than its worth to them. They must already have an inkling that you wont pay (as you said payment starts in 2025) or they would not have sold your debt to a collection agency (perhaps they knew the card was cancelled). Good advice that someone else posted, dont get a new CC from the same bank as that one, do no business with that bank and do not answer any calls or letters from the collection company but by all means listen to any messages and read any letters so you know what they may be up to.

 

[Tcm]

I think they would have to sue you in a US court. Would likely cast them more than its worth to them. They must already have an inkling that you wont pay (as you said payment start in 2025) or they would not have sold your debt to a collection agency (perhaps they knew the card was cancelled). Good advice that someone else posted, dont get a new CC from the bank as that one, do no business with that back and do not answer any calls or letters from the collection company but by all means listen to any messages and read any letters so you know what they may be up to.

Thank you so much for all your help.