Krystal is a big Fraud!!

kathyw574 wrote:

I own a couple of vacation clubs in México and believe me there's no getting out or getting your money back no matter what legal actions you take and stop paying is no option if you care about your credit score. I study the market a lot and it is possible to make an income by renting these weeks. Keep in mind that money doesn't just come flying to your door step so put some effort to understand how it works. I hope this saves you time and effort towards trying something that's pointless. If you have any questions as into how to rent them out I would be more than happy to help out.

I agree that there is no "getting out" of a valid, legally binding contract. I also agree that no return of ANY money is ever going to occur after the contract rescission period has expired (5 days in Mexico), although too many people continue their futile quest for magic beans, secret elixirs and / or powerful attorneys with mystical powers to "get them out" (lawfully). Sadly, none of these things actually exist.

That said, some Mexican timeshare operations wouldn't even bother to take the action that would result in a negative credit report after someone just walks away (although some operations certainly will). After all, they are going to retain every penny received to date, no matter what. The RTU contract holder "owns" absolutely nothing anyhow (except that "right to use") and there is always another Gringo coming around the corner who will sign right up while in "vacation brain" mode. Walking away is ALWAYS an option. Even a negative credit report "hit" will last for only 7 years and it is my belief that most creditors would not put much stock in a Mexican RTU timeshare contract mistake if everything else in the applicant's credit background is consistently clean with a reliable performance history.

I can't speak to the ease with which Mexican timeshare weeks can be rented, having no personal experience with same, but I am inclined to believe that it is not very easy and rarely if ever profitable. There are always lots of cheap timeshare rentals available in Mexico and for other timeshare owners it's also generally VERY easy to "exchange" into Mexican timeshares through the "exchange" companies. The biggest obstacle (at least from the input I've read from experienced others) is that many Mexican operations also charge additional and exorbitant (and mandatory) "all inclusive" fees once on site; something that many prospective tenants understandably want NO part of.

If you have "help" to offer (hopefully without any underlying commercial motivation or other undisclosed agenda) why not just POST that advice here voluntarily, in order to "help" the many people who have gotten themselves into their Mexican RTU timeshare dilemma?

I have been able to rent my Krystal weeks by understanding certain aspects of the business. Most of my success comes from working with travel agencies for their marketing assistance and exposure. My friends who also bought a Krystal contract had the same problem of thinking that they lost their investment by reading all these reviews and let me tell you that as in for today they are very happy campers. Keep in mind that this is all a competition of who rents first and at the best price. Lots of people always travel to Cancun and want to have the best rooms with the best view and thats the benefit of owning a vacation club. Take the time to look around for prices and come up with own ideas as into how to best expose your weeks.

Hola kathyw574, primero que nada tu comentario me da un haz de esperanza y me gustaría preguntarte, como has hecho para rentar tus semanas? En mi caso hemos contratado a latitude 21 y le gustaría saber si has utilizado la misma empresa y cómo ha sido tu experiencia..saludos desde Argentina

kathyw574 wrote:

I have been able to rent my Krystal weeks by understanding certain aspects of the business. Most of my success comes from working with travel agencies for their marketing assistance and exposure. My friends who also bought a Krystal contract had the same problem of thinking that they lost their investment by reading all these reviews and let me tell you that as in for today they are very happy campers. Keep in mind that this is all a competition of who rents first and at the best price. Lots of people always travel to Cancun and want to have the best rooms with the best view and thats the benefit of owning a vacation club. Take the time to look around for prices and come up with own ideas as into how to best expose your weeks.

Hello Clarisa

Sorry but i dont understand spanish. If you need help please translate your message to English.

Hey, right now having the same trouble as you, how did it go when you get there, could you fix the problem? Thanks for your information.

Hello Kathy, can you please help me telling me how did you rent those weeks, kind of getting out of cash with all the payments I have to do to the timeshare since I bought it by credit cards and their credit thinking it was a good bussiness.

Thanks a lot for your help.

I am in Paola. We signed the contract the past July 25-2017

Hi - I'm going through the exact same scenario. I bought it last month and I'm now dealing with Latitude21 to hopefully recoup some of the money I've already put down. I have a couple of questions for you since this happened to you over a year ago. 1) Where you able to rent your unit using Latitude21? 2) If not what did you do to get out of this scam?

Thank you.

Hello good afternoon

I have a Krystal contract as well and here is my input on what you should do. Renting your weeks is not easy if you are trying to rent them on your own believe me it took me months to understand that. Latitude people actually helped me out with my goal of renting weeks as an investment. There's different options depending on what you are trying to achieve. I took the option of renting all my weeks fast and at a good price. Believe me there's no getting out of this contract (I tried) unless you rent it so dont try to save a couple of dollars and expect to sell all your weeks in a few days. You get what you pay for so dont pay attention to everything you read here and concentrate your efforts and time on making money. Hope this helps you sir.

Anyone who believes that buying a timeshare to use as an investment rental is being foolish . It's a luxury vacation sometime in the future. Yes you can rent it out to mitigate your loss but not for the purpose of making a profit. I agree that if you found out that you made a bad purchase you should minimize your loss but never purchase with the intent to rent for profit .

TIL, many Mexican resorts do not have collection agencies at the US

Latitude 21 is a scam/fraud as well. They will not do anything for you but take your money. I have never heard from them in over a year. Don't fall into their trap as well.

franklinc15 wrote:

Hi - I'm going through the exact same scenario. I bought it last month and I'm now dealing with Latitude21 to hopefully recoup some of the money I've already put down. I have a couple of questions for you since this happened to you over a year ago. 1) Where you able to rent your unit using Latitude21? 2) If not what did you do to get out of this scam?

Thank you.

I sure would like to know how you got Lattitude 21 to do anything. I have had them "working" for me for over a year and never heard from them once. The only time I have spoken to them is when I call to find out my weeks have not been sold at all and that they do not guarantee anything. Even after dropping the price/week drastically have not heard one word about renting the weeks. Latitude is just as bad as Krystal and I am sure just another part of the fraud.

darrylk15 wrote:

Hello good afternoon

I have a Krystal contract as well and here is my input on what you should do. Renting your weeks is not easy if you are trying to rent them on your own believe me it took me months to understand that. Latitude people actually helped me out with my goal of renting weeks as an investment. There's different options depending on what you are trying to achieve. I took the option of renting all my weeks fast and at a good price. Believe me there's no getting out of this contract (I tried) unless you rent it so dont try to save a couple of dollars and expect to sell all your weeks in a few days. You get what you pay for so dont pay attention to everything you read here and concentrate your efforts and time on making money. Hope this helps you sir.

I am interested in joining any kind of movement against these scammers! Please let me know how to join.

johnh2140 wrote:

How did you come out with Krystal? Your story is dead on correct on how they ripped us off in March of 2016. Currently we have a group of 8 with same stories of being defrauded and are trying to get 20+ people to go after these con artist. Please email me if you have any questions. flash08@charter.net John H. from Nebraska

michellew684 wrote:

I am interested in joining any kind of movement against these scammers! Please let me know how to join.

If you didn't notice, an email address has been provided above (by johnh2140 ) for YOU to initiate contact if you wish to pursue this matter with others. The ball is in YOUR court.

You folks are likely just wasting your time and energy. Scammers (particularly those in or involving Mexico) are not in the habit or practice of EVER returning any money to those who have voluntarily chosen to "buy in" to their pitch. Nonetheless, I still wish you good luck.

Thanks so much Ken. I already contacted him on my own. I wonder why you are on this site if you don't seem to have a problem with the fraudulent activity of these entities. I wonder why you are wasting your time reading our comments.

ken1193 wrote:

michellew684 wrote:

I am interested in joining any kind of movement against these scammers! Please let me know how to join.

If you didn't notice, an email address has been provided above (by johnh2140 ) for YOU to initiate contact if you wish to pursue this matter with others. The ball is in YOUR court.

You folks are likely just wasting your time and energy. Scammers (particularly those in or involving Mexico) are not in the habit or practice of EVER returning any money to those who have voluntarily chosen to "buy in" to their pitch. Nonetheless, I still wish you good luck.

michellew684 wrote:

.... I wonder why you are on this site if you don't seem to have a problem with the fraudulent activity of these entities. I wonder why you are wasting your time reading our comments.

Your response is completely unwarranted and sadly misinformed. As a former prosecutor, I attempt to provide useful and practical input on EFFECTIVE courses of action in timeshare matters. I sympathize with your dilemma and I am sorry that you made such a regrettable purchase decision, but a few decades of experience have taught me to distinguish between legal battles that can be fought and won vs. those that are losers "right out of the gate".

Attempting legal action against a Mexican operation is a loser, plainly stated. Operating outside of the U.S., such parasites are not subject to U.S. law. In essence, you have no "reach", no leverage --- and no legal jurisdiction. If you want to expend time and energy and money to learn that on your own, it is your right and prerogative to do so. However, it is not appropriate to displace your personal frustration by disparaging MY well intended input.

Good luck --- and have a nice day.

johnh2140 wrote:

Thank you Ken, That being said, most of the comments on Redweek are similar and most people are out some money. So, should one be worried of being foreclosed on because they still owe money, since contract was signed in Mexico? Because you may be right on recouping our investment, but then what legal right do they have trying to recover rest of their investment? Why are some people's credit being affected? This tells me they have some interest in a business here in USA that's affiliated with Krystal? And if so, wouldn't that give ones right for an inside track of suing these fragulent thieves? Thanks, John

John, you raise some interesting and thoughtful questions, some of which cannot be answered without knowing details about the corporate and organizational structure of "Krystal". On other points however, I'll offer my personal views and opinions.

I do not believe that Krystal needs to actually have a physical presence in the U.S. in order to initiate a negative credit report. That said, I am frankly inclined to believe that they would never even bother to do so UNLESS there was also a LOAN involved in the transaction. Defaulting on ANY loan is very likely to have negative credit report consequences.

It might be that "Krystal" simply uses (i.e., hires) a third party payment processor in the U.S. for convenience and / or currency conversion. *IF* that's the case, I doubt that Krystal merely employing a third "payment processing" entity would actually provide the "reach" to pursue legal proceedings in the U.S. against a Mexican business entity regarding a contract executed in Mexico. I'd be glad to be mistaken in that view, but that's how I see it with some confidence based upon very limited information and details here regarding Krystal.

Since this is apparently a "right to use" membership contract (as opposed to deeded ownership of anything), it is not literally a "foreclosure" that they would (or ever could) initiate after non-payment. More precisely, it would be a termination of the membership for non-payment and cessation of future access and use rights upon membership termination. That's certainly not the worst thing in the world (in saying that, I certainly do not mean to minimize or dismiss the permanent loss of money already paid to those parasites).

The good news (if there is any here) is that the chances of Krystal actually attempting to initiate collections in the U.S. are, in my opinion, essentially ZERO. After all, the contract was executed in Mexico and they are "out" absolutely NOTHING of any substance. They can and they will ultimately terminate that "membership" for non-payment, but will then almost certainly just move on. They know perfectly well that there are plenty of other gringos who will soon enough come along, pony up money and sign on the dotted line.

This "Krystal" entity is one whose corporate and organizational details are completely unknown to me. All I can say with certainty is that it would NOT be cost effective or productive to attempt litigation against an entity in Mexico. On the plus side, it is my strong belief that they are never going to attempt to pursue you either (nor any other U.S. or Canada citizen). They simply have no horsepower or jurisdiction outside of Mexico.

I am genuinely sorry that you ever chose to get involved with these thieving parasites.

Don't shoot the messenger .

I am having the same problem . Can you guide/share me what was ur solution?