Sunset Royal vacation membership cancellation

[Tcm]

Help!I am past due my cancellation period.Now im stuck with paying the monthly fees.I did not take a loan just a promissory note from them that I have to pay the balance.Should i just stop paying them?just found out that everything they said was a lie.

 

[Hindsite]

If its a club membership as opposed to deeded property and outside of your country of residence, then defaulting can be a relatively straightforward option, you will likely loose any money you already paid and get threatening letters, but there may be little more than tht, that actually happens.
Take a bit of time to look into things and assess your personal situation as to the probable and potential impacts and then make a decision from there. It really is a personal decision.
Do not, however engage the services of any exit company, they will simply take more of your money and do what you can do anyway.

 

[Tcm]

If its a club membership as opposed to deeded property and outside of your country of residence, then defaulting can be a relatively straightforward option, you will likely loose any money you already paid and get threatening letters, but there may be little more than tht, that actually happens.
Take a bit of time to look into things and assess your personal situation as to the probable and potential impacts and then make a decision from there. It really is a personal decision.
Do not, however engage the services of any exit company, they will simply take more of your money and do what you can do anyw

 

[Tcm]

I signed a promissory note from them financing the balance do you think they can sue me for that?

 

[Hindsite]

I signed a promissory note from them financing the balance do you think they can sue me for that?

If you haven't closed on the contract yet, then you could default on closing, but you will need to write to the closing agent to withdraw your agreement to close the contract..
If the loan is based in the country you reside in then there is more of a risk that you'll have an issue as it will be like defaulting on any loan. If its in another country then they may not be able to actually enforce any judgement, so you'll get a lot of grief and threats of collections, which many not result in anything formal.

 

[Tcm]

Thank you for the info!

 

[Tcm]

Thank you for the info!

I have one more question is Timeshare and vacation membership the same?

 

[Hindsite]

I have one more question is Timeshare and vacation membership the same?

The terms are used interchangeably, so you need to find out exactly what you have bought.
If you have bought in Mexico it is most likely a club membership as opposed to deeded ownership in real property. Its the loan that makes it more complicated, so check who that is with and if it is a formal loan set up in your country of residence, that may be more of an issue than just a final payment due direct to the seller.
While you have almost certainly been lied to extensively, you may find that the membership is useable by you, if you go to the resort and like it, so take some time to review whether it is something you can actually use effectively vs the disruption with defaulting at this point.

 

[Tcm]

The terms are used interchangeably, so you need to find out exactly what you have bought.
If you have bought in Mexico it is most likely a club membership as opposed to deeded ownership in real property. Its the loan that makes it more complicated, so check who that is with and if it is a formal loan set up in your country of residence, that may be more of an issue than just a final payment due direct to the seller.
While you have almost certainly been lied to extensively, you may find that the membership is useable by you, if you go to the resort and like it, so take some time to review whether it is something you can actually use effectively vs the disruption with defaulting at this point.

I read the promisorry note it says TB Travel Club SA as the creditor.They will charge my credit card every month as payment.Upon reading the contract too it says it’s under the jurisdiction of Panama so im really confused now.

 

[Tcm]

I read the promisorry note it says TB Travel Club SA as the creditor.They will charge my credit card every month as payment.Upon reading the contract too it says it’s under the jurisdiction of Panama so im really confused now.

 

[Tcm]

Follow up I called them today and requested to cancel it of course they said the cancellation period is now over and I can’t do anything.I just told them I will file a complaint for misleading information that was given to us and that I won’t pay anything.I hang up on them.I just dont have plans in paying them anymore since all the things that they said are lies!

 

[vacationtime1]

I read the promisorry note it says TB Travel Club SA as the creditor.They will charge my credit card every month as payment.Upon reading the contract too it says it’s under the jurisdiction of Panama so im really confused now.

Follow up I called them today and requested to cancel it of course they said the cancellation period is now over and I can’t do anything.I just told them I will file a complaint for misleading information that was given to us and that I won’t pay anything.I hang up on them.I just dont have plans in paying them anymore since all the things that they said are lies!

If you don't intend to pay, you should cancel that credit card asap.

 

[Tcm]

If you don't intend to pay, you should cancel that credit card asap.

I did.Thank you so for much for replying

 

[Tcm]

Just want to give an update regarding my case.I was able to cancel my contract but in one condition which is no refund for the downpayment so I agreed to that since I wasn’t able to cancel it during the recision period.I cancelled my credit card before that and disputed the charges that was made and my credit card reverse the charges and I just needed proof regarding the transaction.I need advise should I just pay them back and tell my credit card that i settled with them?