How to Avoid Timeshare Cancellation Scams
If you want to cancel your timeshare, the process can be a daunting one. You’ll spend days, even weeks, navigating red tape and dealing with the management company’s rules and regulations — all while reworking your finances, coping with your emotions and weighing your options.
Fortunately, there are certain tips to follow to ensure you’re not misled or exploited by a timeshare exit scam. These tips can save you time, money and stress in the long run and allow you to get out of your timeshare without a hitch.
The first step is to find out what your state’s timeshare cancellation laws are and whether or not you have the right to rescind your contract. Almost every state in the country has a law that allows you to cancel your timeshare within a certain amount of time after you sign it. This is called a “cooling off period.”
Rescission periods vary by state, so you should check with your state’s timeshare governing body to see if you are eligible for one. Once you’ve figured out how much time you have to rescind your contract, write a letter letting the developer know that you’re ending your ownership.
It’s important to get this letter in writing because it will show the resort that you are serious about ending your contract and can provide proof of your intentions. You can also use this letter to ask for a refund if you were wrongfully charged fees by the management company.
There are many reasons to consider a timeshare cancellation, but one of the most common is because you simply have changed your mind about owning a timeshare property. Oftentimes, these changes are the result of frustration over the quality of a property or club membership presentation, a lack of key ownership information or an unsatisfactory deal.
You may be able to get out of your timeshare using your state’s rescission period, but it’s worth your while to speak to an expert who can help you navigate your specific situation. In most cases, a company that specializes in timeshare exits will be able to handle the cancellation process quickly and efficiently.
Be sure to do your research and choose a timeshare exit company that has a reputation for helping people, is strict on eligibility, in-house and transparent, and offers a money-back guarantee! You should also take a look at their website and social media accounts to see their ratings and reviews.
Another thing to watch out for is if a company asks you to pay up front before they can help you. This is a warning sign that they are a phony business who will steal your money.
Typically, timeshare exit companies will offer a money-back guarantee that they will cancel your timeshare for you or you don’t have to pay them anything. Some companies will charge a flat fee, while others might tailor their services to your specific situation.
The process can be stressful, costly and difficult if you don’t have the right resources in place. That’s why if you want to reclaim your timeshare and move on with your life, you need to find the best timeshare exit team.
