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Apr 15, 2014

A time-share deal in Cancun that went bad for a Belize City businessman

David Betancourt

Time-sharing is an increasingly popular option for regular vacation goers, especially in Cancun and other parts of Mexico. It’s sort of a club, where you can buy into future vacation packages for one lump sum. That lump sum gives you access to accommodation packages at substantially discounted prices for a period of, say, ten years. It seems like a great deal, and that’s what attracted Belizean businessman David Betancourt and his wife. They were in Cancun and brought into a time-share membership for six thousand dollars, payable in monthly instalments. But when they tried to access promised vacation packages at exclusive resorts offered, he found out that all that glitters is not gold. Betancourt dropped by our studio to send out some advice to Belizean vacationers so they don’t make the same mistake he did.

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David Betancourt, Fooled by Time-Share Deal

“We bought into the package and we thought it would work out good for the next ten years vacationing…you pay one lump sum which is six thousand dollars and then every time you go on vacation you only pay a fraction of the cost of the vacation and end up saving some money. What happened though is that when they were explaining the details of what the vacation is all about, they did not write all those details in the contract, so when we went to activate and do a reservation, that is when it got tricky because all those things I thought I was getting was not in the contract and they are saying no, we did not sell you that, we sold you only what is in the contract. Now I said okay fine, I was really upset but I said I can’t do anything about that, it’s not in black and white. The problem really came when in the contract it had that I could vacation any time of the year…all I would have to do if its high season like Easter of Christmas is pay an addition two hundred US. But they didn’t want me to book for that, they said it’s not part of the contract. But I pointed it out to them and after a back and forth, they said okay Mr. Betancourt, you can get that. Then it continued. They have five hotels, and they said I can’t go to the upper class hotels, but in the contract it specifically states that I can use any one of the hotels. I’m not saying don’t go to their hotels and enjoy the vacation that they sell to you, because it’s worth what they’re selling right there and then. But when it comes to the time share, if you do buy it, you have to think twice.”

 

News Five decided to leave out the name of the resort which sold the time-share package to David Betancourt, but it is an extremely popular destination in Cancun. He told us that after becoming frustrated, he decided to give up the time-share deal, but was told that he couldn’t because he had already signed the contract. In the end, he was forced to cancel his credit card to prevent monthly payments being deducted. 

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Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

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2 Responses for “A time-share deal in Cancun that went bad for a Belize City businessman”

  1. mans says:

    I have heard that twice … that happened to a prominent person who is my co-worker… i thought she was exaggerating …now….. I know its real… hmmmmm

  2. Ortiz says:

    Hi

    Need a contact number for Mr David .

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