Toronto, ON (March 1, 2016) — Crelogix Acceptance Corporation, a leading Canadian consumer finance provider, announced that their recent relationship with El Cid Vacations Club, headquartered in Mazatlan, Mexico, has successfully met projected number of sales of vacation ownership club memberships.
“Since we entered into the relationship with Crelogix, we’ve definitely seen an uptick in sales to Canadians,” says Curtis Knipe, Sales & Marketing Director, for El Cid Vacations Club. “Previously, we were under the impression that Canadians were simply averse to assuming loan obligations for this type of purchase. But we see now that if they can interact with a lender in their own currency – from making their down payments to monthly installments – they are much more comfortable.”
Crelogix Vice President & General Manager, Sean Zaichick says, “We are excited and pleased the program has taken off so quickly. We are particularly gratified to hear what good results Curtis and his team at El Cid are getting. They are a wonderful group to work with and we are looking forward to growing a long and mutually successful relationship.”
“We are very pleased to provide financing for ever more resort developers in Mexico,” says Crelogix Director of Sales, Vacation Ownership, Guillermo Martinez. “El Cid has an excellent reputation, having been a well-regarded vacation club membership provider in the industry since 1972. They’ve had members whose children have literally grown up vacationing in Mexico and who, themselves, have become members!”
Crelogix is Canada’s friendliest non-bank, technology enabled, consumer financial services company. Our roots and expertise trace back to 1974. We are the largest Canadian provider of point of sale installment credit financing based on over three billion dollars in transactions and over half a billion dollars of purchase volume and receivables. Our team’s past record enables us to access institutional capital and build long lasting funding commitments. We provide a range of credit, insurance, and product protection solutions through custom programs we have established with a diverse group of merchants, retailers, wholesalers, manufactures, franchisors and industry associations. Our programs are designed to help grow our partners’ sales while offering affordable, flexible, and responsible financing to Canadian consumers. We do that at retail, through 6,000 merchants across Canada, as well as through their websites and mobile applications. For more information go to www.crelogix.com
About El Cid Vacations Club
El Cid Vacations Club offers members gorgeous views of Pacific Ocean sunsets and world-class golf courses at their El Cid Mazatlán Resorts; access to Caribbean waters at their Hotel Marina El Cid Spa Beach Resort on the quieter side of Cancún/Riviera Maya and a secluded waterfront haven on the shores of Cozumel Island, Mexico. In all, there are five resorts/hotels in three georgraphic locations – Mazatlan, Puerto Morelos (Cancun/Riviera Maya) and Cozumel. The company owns and operates marinas, golf courses, restaurants, a tour company, a fishing fleet and a zip line, offering an all-inclusive option to vacationers who can enjoy as many experiences as they wish. Visit http://www.elcidvacationsclub.com for more information.
PRESS RELEASE SOURCE: Crelogix
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