How to Cancel a Timeshare
Getting out of a timeshare can be a tough sell. While the initial sales pitch may be alluring, the reality is that ownership costs are on the rise and that a timeshare is not as flexible as it is sold.
One of the first things you’ll want to do is figure out whether or not you have the legal right to cancel a timeshare. Depending on your state, you may have a few days, weeks or months to get out. If you don’t, you’re stuck paying for property you can’t use.
There are many steps involved in the timeshare cancellation process. You’ll want to read your contract carefully to make sure you’re not missing any key details. Once you’ve determined that you have a legal right to cancel, you’ll need to get a cancellation letter from your timeshare provider.
The timeshare industry has a number of tricks up its sleeve. You’ll want to choose a company that’s transparent and honest about their policies. Using a company that offers a free consultation is a good way to get all the facts before you decide to go with the big guns.
Some timeshare companies have a more involved system for cancelling your timeshare. This may involve a surrender fee or a legal dispute with the resort. You should also check with your local consumer protection office to see if they have any information on your contract.
The timeshare industry is a big one, and some companies make it tough to get out of your timeshare. It’s not uncommon for timeshare providers to send your debt to a collection agent or to take you to court.
