Timeshare cancellation is a daunting task. Many people who own a timeshare find themselves in a sticky financial situation. However, there are options for those who are willing to go to a little trouble to get out of the deal. Aside from hiring an attorney to handle the legal side of things, there are several steps you can take to free yourself from your timeshare obligations.
One of the best ways to go about doing this is to write a timeshare cancellation letter. This should include a few key elements. It should include an accurate date of mailing, a clear and concise explanation of why you are cancelling the timeshare, and a request for a return receipt. If you choose to mail your letter to the resort, make sure to use certified mail so that the company receives it. You will want to include a few extra copies to ensure that you have all the correspondence you need.
In addition to a letter, you can also opt to hire a timeshare cancellation company to help you. These companies are designed to take your timeshare out of your hands and get you back on your feet. While this may sound great on the surface, it can actually be a long, drawn out process. Also, you may end up paying a huge up-front fee for services that you can easily get for free. Even worse, you could find yourself facing lawsuits if the company does not follow through.
Although there are many ways to cancel a timeshare, the most convenient and efficient method is to get a rescission or cancellation letter. The best timeshare cancellation letters include a formal notice of your intent to cancel, a quote describing the contract’s language, and the expectation that you will get a full refund. Some resorts also offer deed-back programs for those who would like to continue to enjoy the timeshare without the hassle.
Another good idea is to take your time and read all of the information available online. Check out the reviews of various services and see what others have to say. Lastly, check out your state’s law and see what your state’s recission period is. Depending on where you live, the timeshare cancellation window can be anywhere from three days to a week.
The best way to get out of a timeshare is to contact a professional. There are some legitimate and reputable timeshare cancellation services, and they will be glad to answer any questions you have. They are often the only people who can tell you which laws apply to your specific situation.
Timeshare cancellation isn’t always easy, but it is possible. A few simple steps and some good advice can go a long way. Before you sign any paperwork, make sure to read the contract carefully. Be aware that most companies will use upsell tactics and jargon to keep you from getting out of your agreement.
In the end, it’s a matter of doing your research, asking for assistance, and doing what’s necessary to stop the timeshare from sucking the joy out of your life.
