Timeshare cancellation may seem like an unappealing prospect, but if you’re considering buying a timeshare, the truth is that there are options to get out of your deal. In fact, if you are willing to play your cards right, you may be able to get a full refund. But before you jump in head first, you should understand exactly how the process works.
The first step to getting out of a timeshare is to read your contract. Make sure you get all of the important information, especially the cancellation deadline. If you’re unsure how much time you have, you can always consult a professional. Some states allow a certain number of days to cancel, while others have stricter rules. You can also ask a lawyer to help you navigate the legalese.
Next, write a letter to your timeshare developer requesting the cancellation of your timeshare. It’s a good idea to send this type of letter via certified mail, as it will ensure the company receives your correspondence. Be sure to include the date and time, and a clear request to cancel. Also, make sure to reference the relevant contract language in the letter.
For example, you might want to mention that you are canceling your contract because you were misled by a salesperson. A timeshare salesperson will often try to distract you from your decision by trying to sell you on something else. When this happens, you should call your state’s consumer protection office.
Lastly, it’s a good idea to ask your timeshare provider for proof that you mailed the letter. Ideally, you should attach a receipt to the letter, so that the company can substantiate its claim that you actually canceled your deal.
The most important part of any of these steps is getting the right legal advice. An attorney is often a great resource for determining how to legally proceed with your timeshare cancellation. They will be able to guide you through the process and explain all the details you should be aware of. Especially if you are considering a complex transaction, it’s a good idea to hire a specialist.
The process of getting out of a timeshare is complicated, but there are ways to do it without losing your shirt. Thankfully, there are many timeshare lawyers out there who have helped many clients get out of their timeshares. These attorneys are knowledgeable about the law and know how to shut down a timeshare company before it ruins your credit. To find a reliable service, look online. Many financial services websites now offer a search function for timeshare attorneys.
Finally, be aware that a lot of timeshare contracts are bogus. They are filled with a bunch of jargon, and most of it is unproven. This means that the process of getting out of a timeshare may take a little longer than it should. However, if you’re looking for the simplest way to do it, a rescission or cancellation letter is a good start.