When you buy a timeshare, you have a right to cancel your purchase before the end of your rescission period. This can vary from state to state, but typically includes a couple of days. If you do not act during this period, your resort may foreclose on your property.
The rescission process is simple and straightforward. You will need to provide written notice to the resort to cancel your contract. Once your letter is received, your resort will write a letter confirming your cancellation. It is important to read the fine print in your timeshare contract. This will include how to cancel your contract and how to pay your maintenance fees. Some contracts allow you to cancel your contract by phone. However, it is recommended that you write a letter.
Another option is to hire a third party to help you. A timeshare exit company will negotiate with your timeshare provider on your behalf to get your unit back. This service can also provide assistance in transferring ownership to your favorite charity.
The best way to get your money’s worth is to consult a legal professional. You may be able to instruct the timeshare provider to put your payments into an escrow account until the problem is solved. This could save you a trip to the courthouse.
The most important thing to remember is to use your best judgment. Some companies are shady and will try to pressure you into paying for services you may not need. This could cost you thousands of dollars in the long run. If you have the foresight to do your homework and research, you can avoid getting fleeced.
There is no guarantee your timeshare provider will honor your request. Some providers will pass on your debt to a collection agency, or they may file a lawsuit against you. It is also possible that your credit ratings will suffer.
While a timeshare may be fun to own, it is not the best investment. You might find yourself stuck with high maintenance fees for years to come. You might not even realize you are making a mistake for a while. You will want to stick to the facts and the appropriate measures of measurement to determine whether you should continue or not.
The Cancel Timeshare website is an excellent source of information. The company has helped clients to cancel their timeshares for thousands of dollars. You can also read about their service in more detail on their blog and website. You can check your case status, and even submit your own documents online. In addition to a comprehensive list of their services, the site has a few helpful resources.
The Cancel Timeshare team uses Baremetrics to analyze client data and track key metrics. They also offer personalized messaging to improve customer service. Lastly, Cancel Timeshare has launched an automated onboarding email to help clients get started.
The Cancel Timeshare website is a useful tool for anyone who wants to exit a timeshare. The company has helped more than 400 clients over the past decade. They have recovered more than four million dollars for their clients.