Timeshares offer a unique opportunity to enjoy vacation properties and amenities that you otherwise may not be able to afford. However, like any other contract, a timeshare purchase can be canceled if the buyer is not happy with it. However, the process of cancelling a timeshare can be difficult for those who have not done it before.
If you have recently purchased a timeshare, there are certain signs that you should look for in order to determine if it is not right for you. For starters, you should be sure that all of your communication with the company is in writing. This will help to protect your rights and ensure that you can prove the terms of your contract were met. Additionally, you should request that they return any money that you have paid them and that they cease taking payments from your account or credit card. This is particularly important if you have any financed the timeshare.
Another key sign that you should cancel your timeshare is if your financial situation has changed since you bought it. For example, you might have been able to afford the timeshare when you first purchased it, but your family’s lifestyle has changed and now you do not need it. In addition, many timeshares have maintenance fees and special assessment fees that can add up to a significant amount over the course of time.
Rescinding your timeshare is a legal process that allows you to cancel your contract within a specific number of days after the sale. This is often known as the “cooling off period.” Regardless of what you might have been told at the time of your purchase, this is your right.
You can cancel your timeshare by sending a letter to the company. In this letter, you should state your desire to cancel the contract in accordance with your state laws. You do not have to explain the reasons why you want to cancel the agreement, but it is recommended that you include a date in which you signed the agreement. Lastly, make sure to send the letter via certified mail so that you have proof of the date you sent it and that they received it.
Cancel Timeshare is a Myrtle Beach based company that helps people exit their timeshares. They are committed to transparent service and fair pricing for their clients. They have helped hundreds of people get out of their timeshares and are now focusing on helping them repair their credit, which is sometimes affected by buying and financing a timeshare. They use Baremetrics to gain smarter insights about their Stripe data, automate their dunning campaigns, and organize customer information for efficiency. With this tool, they have been able to save hours of manual work and recover over $680 in failed payments. You can learn more about them on their website.