Timeshare ownership has its benefits, but if you ever find that you’re no longer interested in a property or your lifestyle has changed so that the timeshare contract no longer makes sense, you may want to look into the option of timeshare cancellation. It can seem daunting, especially if you’re still making payments on the contract or behind in the mortgage, but there are companies that specialize in helping people break free from their timeshare contracts and get out of debt.
In this article, we’ll explore why getting out of a timeshare contract is so challenging and offer tips for how to navigate the process without unnecessary headaches or financial burden. By understanding the terms of your contract, speaking directly with the company or enlisting help from third-party negotiators/attorneys, taking advantage of timeout options when available, and finalizing all cancellations with receipts, you can successfully break free from your timeshare and avoid any unneeded stress.
If you’re still within your rescission period, it’s important to get your letter written as soon as possible. This will ensure that you can use your rescission window before it expires. Find a place that has a business center, like a hotel lobby, to type up your letter or head to the local library for a computer and printer. You’ll also need to send your letter by certified mail, so that you can prove that the resort actually received it.
You should also be aware that some resorts try to charge fees for cancelling a contract, which is against the law. If you notice this happening, report it to the resort immediately. You can also check with your state’s consumer protection office to see if they can help.
A good timeshare cancellation company will work with you to determine whether you have a valid rescission window or not and then provide you with the best solution for your situation. They will also be able to guide you on how to handle the timeout option, which may require some extra paperwork or legal proceedings.
There is a lack of federal regulation in the timeshare industry, and this can lead to a patchwork of laws between states. This can make it difficult for new owners to know their rights and responsibilities. This is why it’s so important to find a knowledgeable and trustworthy company to help you.
EZ Exit Now has helped over 169 clients in just one year get out of their timeshare and get back on solid ground financially. Having worked on countless foreclosures and credit repair cases, their team is well-versed in all aspects of consumer protection and timeshare termination procedures. They have recently expanded their services and now offer a full-service credit restoration service, which is perfect for those who are trying to rebuild after a messy divorce or foreclosure. To learn more about how they can help you, visit their website today!