Garza Blanca timeshare owners, this article is for you. Part of the TAFER Hotels & Resorts collection of luxury properties, vacation club members love the amazing accommodations, world class amenities, and VIP services. With locations in Puerto Vallarta, Cabo, and Cancun, every vacation is guaranteed to be perfect. However, sometimes members stop paying their dues as they should. It is important to recognize that timeshare ownership is  a legally binding agreement. If you don’t pay, financial consequences will occur. Regular fees and maintenance dues need to be paid to ensure that the timeshare resort and residences are always clean and in perfect condition for their members. Members that don’t pay cannot access their timeshare unit, and will end up with a bad credit score, too. Read more below about Garza Blanca timeshare dues and why making payments as promised is extremely important.  

Garza Blanca Timeshare Dues – What To Know 

Timeshare contracts are legally binding documents.  Timeshare owners are required to make payments as promised in the membership contract they sign when they join. Despite financial problems that may come up, payments and maintenance fees always need to be paid on time. If not, negative consequences will occur. For example, members that default on their timeshare will notice that their credit score will go down. A bad credit score will make it more difficult to get approval for credit requests for loans, mortgages, etc in the future. In addition, timeshare providers can even commence foreclosure proceedings if members do not come current on their payments. Vacation club members that miss making payments are not able to enjoy use of their vacation unit or the amenities either. Stay current so you and your family can enjoy wonderful vacations together as you should.  

Pay Your Timeshare Payments & Maintenance Fees 

Next, in addition to regular payments, there are maintenance fees that must be paid as well. In general, they are collected on a monthly basis. Maintenance fees are used to pay for upkeep and repairs to the timeshare units, common areas, and more. When members do not pay dues and maintenance fees, they are in default of the legally binding timeshare contract. To get more information, you can review your membership contract for the specific details about what Garza Blanca maintenance fees cost and what services they are used for. Remember, members that don’t pay their maintenance fees will lose all rights to use their timeshare unit and the resort amenities they love so much. Plus, reinstatement fees can be added to your account so you end up paying even more if you get behind. You can avoid this by responsibility paying your dues on time as you should!  

Miss Payments = Bad Credit Score 

In case you weren’t aware, having a good credit score is important. If you ever try to obtain a loan or apply for a mortgage, your credit score will be considered. If you have a bad score, it is more likely you will be denied credit that you need. If you miss timeshare payments, your credit score number will be adversely affected and go down. Also, collection agencies share negative information with the other credit report companies, too. The collection agencies are aggressive in their attempts to collect owed money, and you can expect that collectors will try to find you to collect owed money. They will call you, send messages, and even visit your home or workplace to find you. If you miss timeshare payments, foreclosure proceedings can be started and claims can be filed against your personal possessions, too. 

Scammers to Avoid

Did you know that scammers often target existing timeshare owners to try to dupe them out of money? It’s true. Fraudulent cancellation companies are out there that try to offer illegitimate services they cannot legally provide. The reality is that timeshares can only be cancelled in the cooling off period which generally occurs during the 5-14 days after the membership contract is signed. Once that time period has passed, a timeshare cannot be cancelled. Don’t let yourself become a timeshare scam victim who is duped by a fraudster who tries to convince you otherwise. Remember, timeshares can only be cancelled during the cooling off period which is also known as the rescission period. Stay alert and don’t become a timeshare victim by avoiding timeshare cancellation companies at all costs.

As evident above, Garza Blanca timeshare payments need to be made on time and as promised in the membership contract. If not, serious consequences will occur that can cause financial distress and credit problems for years to come. Remember, the point of owning a timeshare is to have a comfortable space to spend quality moments with your loved ones. Plus, members get to prepay for future travel at low rates so they also save money in the long run which is an added bonus. Take care of your budget to make sure you never miss a timeshare payment. That way, you and your loved ones can always enjoy your timeshare by staying current with your payments. If you aren’t already part of the club, Garza Blanca has incredible resorts in Cabo, Cancun, and Puerto Vallarta. As members, every vacation is always unforgettable. Call Garza Blanca today to learn more!