Timeshare Cancellation – How to Get Rid of Your Timeshare
Timeshare ownership can seem like a great idea at the time, but over the years it may not be as enjoyable as you originally thought. In fact, it could become a burden that leads to financial stress, debt and even bankruptcy for some consumers. Fortunately, there are steps you can take to get rid of your timeshare for good. The first step is to hire an experienced timeshare cancellation company. This company can negotiate with the developer on your behalf and understand all aspects of timeshare contracts, so they can help you get out of your contract without getting ripped off.
It is important to be aware that not all timeshare cancellation companies are created equal. Some are fraudulent and will try to take advantage of you. Some will charge high fees and not do much work, while others will provide you with excellent advice and help you get out of your timeshare for a more reasonable price. It is also important to do your research before hiring a timeshare cancellation company, as there are many options available and they all differ in price and services offered.
Some of these services include negotiating with the company on your behalf, helping you write a rescission letter and assisting you with legal services if necessary. These companies should have a proven track record of success in helping consumers get out of their timeshares and should be well-reviewed by independent review websites. They should also be able to offer you a free consultation and initial assessment to see if they are a good fit for your situation.
Another method of timeshare cancellation involves reaching out to the resort that sold you the timeshare and asking them to take it back. However, this option is usually more expensive than a professional timeshare exit company and can be difficult if you still have a mortgage on the property.
Many timeshare salespeople are able to create an emotional attachment to the product by showing pictures or videos of happy families enjoying vacations at their properties. In addition, they often rely on psychological tricks such as guilt and scarcity to encourage people to purchase their products.
The most important thing to remember is that you are protected by state law. Every state has a rescission period that gives you a window of time to cancel your purchase and get out of your timeshare contract. The rescission period varies by state, so you should be sure to look into it before making any decisions about your timeshare purchase.
If you do decide to cancel your timeshare, it is critical to do so as quickly as possible. Otherwise, the rescission period may expire before you even return from your vacation!
One of the most common mistakes timeshare owners make is taking the advice of a fraudulent or misleading timeshare cancellation service. These companies may tell you to stop paying your maintenance fees or mortgage and then charge you an upfront fee for their services. This is not only illegal but can be very detrimental to your credit.
