When you have a timeshare, you may want to cancel it. Timeshares are a great investment, but it’s also possible that you’ll regret making the purchase. The good news is that it’s easy to do so. However, there are several things you should consider first.
First, you should read the contract. You will need to know whether you have a right of rescission. This means that you have the right to stop paying fees, or at least put them into an escrow account until you can get out of the agreement.
Another thing you should do is check with your state’s laws. Many states have a law that gives consumers the right to cancel a contract within a certain period of time. This is typically three to fifteen days. If you fail to meet this deadline, your provider can take you to court, and you could lose your timeshare.
Once you have found out the date you have the right to cancel, you should write a letter stating your intent to do so. In addition, you should list your contract number. A letter should be written clearly and concisely, with a clear reason for your intent. Providing a brief explanation will help you get through the rest of the cancellation process.
Finally, you should consult with a lawyer or a company that specializes in timeshare cancellation. This is because some timeshare providers will try to foreclose on your timeshare property, and will also attempt to pass on your debt to a collection agency. They may even try to threaten you with legal action if you do not pay.
It is easy to find a timeshare cancellation company. But you need to be careful, because some of them may be scam artists. Others may charge a fee in advance. Also, be sure to find out if they are licensed in your state. Otherwise, you’ll be stuck with a company that doesn’t have any assets to sue.
One of the best timeshare cancellation companies is Cancel Timeshare. They provide two services: Timeshare Mortgage Intervention and Timeshare Exit. Clients have access to an online submission system for submitting documents and viewing their case status.
Cancel Timeshare uses a system called Baremetrics to track their metrics, such as customer information, and to help them provide excellent customer service. Additionally, they have an automated dunning campaign.
As you can see, it can be tough to actually cancel a timeshare. But there are plenty of ways to do it. And in some cases, you might even be able to get your money back. For example, you might be able to get your maintenance fees cancelled.
If you decide to try to cancel your timeshare, it’s important to do so in the most efficient way. Doing so will avoid unnecessary fees and frustration. Make sure to use a well-written letter to get the ball rolling. While a letter is not always guaranteed, it’s a good start.
One of the simplest ways to cancel your timeshare is to contact the developer directly. Depending on the contract, you may be able to do this by e-mail, phone, or even hand delivery. Just remember to have the letters mailed via certified mail to ensure that they arrive in a timely fashion.