Bank and Borrow Villa del Palmar Timeshare Points
March 9, 2017
The way we vacation is always evolving; once upon a time the timeshare industry was rigid and very expensive, but these days the timeshare and vacation club industry runs on the usage of membership points and the flexibility they offer. Being able to bank and borrow timeshare points is a huge benefit of Villa del Palmar timeshare memberships. These functions can be used in many ways to benefit of you and your travelling companions.
How do banked points work with Villa del Palmar timeshare?
If you don’t use all of the Villa del Palmar timeshare points that you have been allocated in any given year and you are a full member you can bank up to 100% of your allocated points for up to five consecutive years for use at a later date. If you’re a biennial member you can bank Villa del Palmar timeshare points until the next period. Any timeshare points that have been banked can be used in the same way as your yearly or biennial allocation (although there are exceptions for the holiday weeks – see below).
If you wish to bank Villa del Palmar timeshare points, you will need to do so before the yearly deadline, in accordance with the appropriate notice guideline, otherwise you may be charged a fee for late deposit. Remember that regardless of whether you bank these timeshare points, you are still liable to pay the maintenance fees for them. Therefore, it is in your interest to remember to bank them. Also be aware that those Villa del Palmar timeshare members who are behind on any payments and maintenance fees, or those who have not complied with correct documentation, might be denied the right to bank their points.
How does borrowing work with Villa del Palmar timeshare?
Villa del Palmar timeshare members can also borrow points from up to five years in advance of the current calendar year (if they are full members), or from the next period (if they are biennial members), and borrowed club points may be used to reserve accommodations up to two years in advance of your check-in date at Villa del Palmar timeshare resorts. As with allocated points the right to use your borrowed point is subject to compliance with upkeep of maintenance fees, and the reservation of units is done on a first come, first serve basis.
Holiday weeks at Villa del Palmar timeshare resorts may only be booked with regular annual club points and may not be reserved using banked or borrowed points. The holiday weeks should be stipulated in your contract but generally apply to Christmas and New Year, Thanksgiving, Presidents’ Week and Easter.
Repercussions of Breaking a Villa del Palmar Timeshare Contract
November 9, 2016
Are you considering canceling or breaking a Villa del Palmar timeshare contract? Beware! Read on to find out what the true repercussions of breaking a Villa del Palmar timeshare contract are. Cancellation of any timeshare contracts often bring a number of undesirable consequences, so before you continue, make sure you know what you are doing.
Repercussions of Breaking a Legally Binding Contract
Firstly, you should be aware that breaking a legally binding contract will have negative repercussions for you and may involve court action against you. For example breaking a Villa del Palmar timeshare contract is a good example of breaking a legally binding contract. Because these timeshares are genuine and sold in good faith, if you were to break your contract, you would be be the injuring party and would therefore be liable for all costs if you were to be taken to court.
Legally binding contracts
Timeshare purchases made through reputable timeshare companies like the Villa Group resorts will come with contracts that are legally binding. If you have bought a timeshare at one of the following Villa Group resorts then you can be sure that breaking your contract is not possible after the cooling off period:
- Villa del Palmar Cabo
- Villa del Arco
- Villa del Palmar Puerto Vallarta
- Villa del Mar
- Villa del Palmar Flamingos
- Villa del Palmar Cancun
- Villa del Palmar at the Islands of Loreto.
Transaction with Fake Companies
Some companies take advantage of those who want to cancel timeshare contracts even when dealing with legally binding documents. These companies, however, are frauds and Villa del Palmar timeshare members and members from other reputable timeshare companies must be careful in making deals with them. Remember that a contract can only be broken according to the terms stipulated in your contract. How the cancellation companies work is that they lure you into believing that your contract has been terminated, usually by diverting the post you might receive demanding payments from the timeshare provider. This happens after you have given them their payment. Later you will discover that the membership dues and timeshare loans under your name were in fact not cancelled and that you have pending payments (and in some cases, even court cases) against your name.
Check your Villa del Palmar contract
Before breaking a Villa del Palmar timeshare contract, re-read the terms and conditions. Upon checking your Villa del Palmar timeshare contract, you will discover whether there is a clause or option allowing you to cancel the contract with or without penalty. If a clause is indeed included, then a timeshare cancellation company is not needed. When no clause is given, your efforts of trying to cancel the contract will just be in vain.
Limited Time for breaking a Villa del Palmar timeshare contract
In Mexico, consumers and buyers’ remorse are protected by laws. One provision is the limited time given for customers to break off the contract. This is called the Cooling Off period. Try checking with your Villa del Palmar sales office about the timeshare cooling off period. During this time, you may still cancel or break off your timeshare contract (without the need of a timeshare cancellation company). Once this period is over, contract cancellation is no longer possible.
We want to hear any experience, comments, or additional information that you can share with us regarding Villa del Palmar timeshare contracts. This information will be valuable for many other timeshare customers. Please share them below in the comments box.