I signed a contract with Krystal International Vacation Club that was supposed to be an investment according to them but it turned out to be a fraud.
I gave a down payment of 13,400. I was supposed to give monthly payments of 773.00 x 60mths.
They promised to deposit 21,000 usd / year for the next five years first one in 10/2012 which they never did. Concord Servicing was collecting the monthly payment here in the USA for Krystal . I only made one payment in September and stop the payment after I found out that this contract was a fraud. Krystal had Concord in Phoenix collect the monthly payments for them and after I did not make a few payments the account was send to Blackwell recovery who was a collection office.
I had signed this contract on 7/25/12 . On 9/12/12 I ha signed a contract with professional timeshare services to help me cancel this contract. On sep 25, November and January, 2013 with the help of this company I had send 3 letters to Krystal requesting cancellation of this contract due to misrepresentation but I never got a response from them.
All the letters that I got from concord and one letter that I got from Blackwell recovery I faxed to professional timeshare services because I was instructed to do so. On 4/14/13 this company that was helping me disappeared and I could not get in touch with them. This company was also a scam. I had pay them 2995.00. Their address 2303 north 44th suite14 ; Phoenix Az 85008; 602-826-3894
I have already file a report with bbb, federal trade commission , attorney general and profeco in Mexico for Krystal. I am disputing this account due to misrepresentation . I already send a letter to concord and Blackwell Recovery explaining why I had not responded before to their letters and calls.
My question is how can I find out if Krystal sold this account to concord ? If I am disputing this account can Blackwell Recovery summon me? If Krystal did not sell this account can I sue Krystal in a U. S. court due to misrepresentation or Mexico? I signed this contract in Mexico but the collector is here in USA. Will I ever get out of this contract? If I get out of this contract will
Can I get my money back?
Thank you for your question.
I had to do some research on this. It’s an unusual question with debts from Mexico but you live in the U.S.
There is certainly a lot up in the air with this situation. We don’t even know if the U.S. collection agency is collecting on an enforceable agreement in the U.S.
According to my research the statute of limitations in Mexico for a promissory note is three years, or maybe four. Clearly I was unable to find anything definitive I was comfortable quoting.
But while you said you signed the note in Mexico, you didn’t say of the agreement was between a U.S. company and interpreted by U.S. law or this was a contact in Mexico between you and a Mexican company.
Interestingly enough, it looks like the Concord Servicing to Blackwell Recovery switch was just due to Concord launching Blackwell as a new brand name. – Source
I know you’ve done a lot of writing on this problem so far but if you have not done so already, I would suggest you dispute and verify the debt. Let’s see what they can produce to support what they claim you owe. See How to Dispute and Ask a Debt Collector to Validate a Debt.
If you wanted to pursue Krystal for your money you’d need to contact a lawyers licensed in your state and talk to them about filing suit.
Please post your responses and follow-up messages to me on this in the comments section below.