- Report: #364273
Complaint Review: Velas Vallarta - Puerto Vallarta Other
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Author Confirmed
Why?
Velas Vallarta
Puerto Vallarta, Jalisco, CP 48354 Puerto Vallarta, 48354 Other, Mexico
Phone:
800-835-2778
Web:
N/A
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Velas Vallarta Velas Vallarta has all the markings of a scam BEWARE of all there Sales Reps!!! Puerto Vallarta Mexico
My wife and I were initially approached at the airport, upon arrival of our vacation in Puerto Vallarta. Unfortunately we agreed to a presentation the following day.
We were told that the presentation would only last 1 1/2 - 2 hours which turned into 8 hours. During which time we were told due to our financial background we qualified for another program. He then proceeded to tell us about there timeshare investment oppurtunity. We were instructed to agree, for documentation purposes, that this was only a timeshare purchase not an investment due to Mexican Law. We informed them that we already possessed a vacation club membership and we only had investment intentions.
The initial contract cost us 50k in August 2007. As of today, we have sank over 25k into this so-called investment opportunity with no return. The 50k was supposedly for 100 weeks of investment time sharing. We were told that Sierra would sell 50 of the weeks end of Mid March thru April 2008. Needless to say, nothing has been sold and we continue to get the runaround from Sierra and Velas Vallarta. Meanwhile, Velas Vallarta wants you to continue to pay even though there has been no return on our so called investment. The only return on our investment has been increased debt!! This is not an isolated incident, as research on internet will show that many people have made a similiar complaint. Since then we have refused to make any additional payments to this so-called investment.
Ray
Greenbelt, Maryland
U.S.A.
We were told that the presentation would only last 1 1/2 - 2 hours which turned into 8 hours. During which time we were told due to our financial background we qualified for another program. He then proceeded to tell us about there timeshare investment oppurtunity. We were instructed to agree, for documentation purposes, that this was only a timeshare purchase not an investment due to Mexican Law. We informed them that we already possessed a vacation club membership and we only had investment intentions.
The initial contract cost us 50k in August 2007. As of today, we have sank over 25k into this so-called investment opportunity with no return. The 50k was supposedly for 100 weeks of investment time sharing. We were told that Sierra would sell 50 of the weeks end of Mid March thru April 2008. Needless to say, nothing has been sold and we continue to get the runaround from Sierra and Velas Vallarta. Meanwhile, Velas Vallarta wants you to continue to pay even though there has been no return on our so called investment. The only return on our investment has been increased debt!! This is not an isolated incident, as research on internet will show that many people have made a similiar complaint. Since then we have refused to make any additional payments to this so-called investment.
Ray
Greenbelt, Maryland
U.S.A.
1 Updates & Rebuttals
Mark Miles
New York,New York,
USA
Reply
#2Consumer Comment
Tue, April 26, 2016
It is always best to hire someone skilled to do so, unfortunately in most cases these companies dedicated to cancel timeshares usually cheat for the second time to their customers since they are vulnerable and desperate. If you are thinking of hiring them you just have to make sure you do not have to make any payment upfront ... I found these articles that speak precisely about this, you should read them, that might help you to resolve many doubts:
http://www.timesharescam.com/blog/158-how-to-cancel-a-timeshare/
