Whether you are facing financial hardship, you or your spouse has been transferred overseas, or your interests have changed since you originally purchased the timeshare, there are many reasons that you might need to cancel your timeshare. Even though getting out of your timeshare contract may cost you some fees, it can be worth it in order to make life easier and get your monthly bills under control.
The best, and most likely the quickest, way to cancel your timeshare is through what is known as a rescission letter. This is a letter that you send to a timeshare developer very shortly after signing your contract, usually within three to five days. However, it is a much more complicated process than it seems and the exact procedures are dependent upon the state and/or country that you live in.
To successfully cancel your timeshare, you must follow all of the specific instructions that are outlined in your contract. These will typically tell you exactly what information needs to be included in your cancellation notice as well as the method by which it must be delivered. If you do not follow these instructions precisely (for example, by hand delivery rather than certified mail), you will probably lose your right to cancel the timeshare.
The rescission letter should include a clear statement that you are canceling the timeshare, and it should also clearly state the date by which you intend to rescind your contract. In addition, it is important to include all contact information, a complete description of your timeshare interest, the date of your purchase, and the reason why you want to cancel your timeshare.
It is essential to remember that any communication that you have with your timeshare company is in writing, so that it can be recorded and saved. While you can certainly call them and speak to someone over the phone, it is a good idea to have any communications written down for future reference in case they are ever questioned.
While it is possible to try and cancel your timeshare on your own, we highly recommend that you seek professional help from an experienced timeshare exit company. These companies specialize in taking on slimy timeshare developers, and they have the resources, experience, and knowledge to get you out of your contract quickly and completely. In addition, they understand all of the tricks that these companies will use in an attempt to rescind your contract and know exactly how to shut them down. The bottom line is that a timeshare cancellation company can save you a lot of money, headaches, and heartache, not to mention your sunset margaritas! Contact one today to get started. They will set up a free consultation to assess your situation and structure a plan that is unique to your needs. They will connect you with a trusted timeshare exit specialist who can handle all the paperwork, communication, and negotiations on your behalf until you get out of your contract.