There are few worse feelings in the world than getting sold into something that you don’t truly want or can’t quite afford.
Whether you choose to buy because of an impressive property, amazing amenities, or smooth-talking salesmen, changing your mind about a timeshare purchase is a common regret.
In times like these, a timeshare cancellation company could be the answer to your prayers. In this article, we’ll tell you all the benefits of working with them and how they can help you if you’re feeling buyer’s remorse.
Keep reading to learn more.
What is Timeshare Cancellation?
Timeshare cancellation refers to the process of getting out of a timeshare purchase and relieving you of the debt — without any fees or penalties.
If you’ve ever been involved with a timeshare, you know that this process can feel near-impossible. Timeshare companies do everything in their power to prevent people from getting out of these contracts.
However, it is possible. If you want to exit your timeshare, the best way to get through it is with professional help.
Can a Timeshare Cancellation Company Help Me?
In the end, the two factors that will affect your ability to leave your contract are what kind of professional help you choose and how quickly you move.
If you feel like you’re in serious trouble with a contract that you want to get out of, find a proven company that has a track record of helping people get out of their contract.
Benefits of Hiring a Timeshare Cancellation Company
Some people might think that they can get out of their timeshare contract on their own, but it can be extremely difficult. These companies are designed to make the process as complicated as possible.
But timeshare cancellation companies can make it much easier. Let’s look at some of the main benefits of hiring one.
Get Full Disclosure on Timeshare Relief
As mentioned earlier, timeshare companies will do their best to make the process as complicated as possible. Because of this, one of the biggest benefits of a quality timeshare relief company will be full disclosure.
Quality timeshare cancellation companies will explain every last option that is available to owners of timeshares before getting into the exit process. This gives them the best course of action that fits their unique situations.
These companies will also take the time to fully educate their clients about what strategies the timeshare companies might use to change their minds. They’ll explain the facts as they are as well as educate them on different kinds of scams that timeshare companies might use.
They will also honestly present the pros and cons of every course of action. By being as transparent as possible, rapport can be built between the client and the company so that they can face the situation together as a team.
Timeshare buyers should be able to leave a meeting with their timeshare cancellation company with confidence because they are aware of every option that they have.
You Can Draw On Their Vast Experience
If you’re working with an experienced timeshare cancellation company, you can be comfortable knowing that they’ve seen it all. They’ve with all sorts of different clients as well as different timeshare companies.
Because of their vast experience, they’ll be able to ask the right questions, organize the correct information, and create a customized blueprint that will give the client the best escape route.
But more importantly, an experienced company knows that the timeshare industry is constantly evolving. Timeshare companies are constantly updating their strategies to confuse owners. This includes buyouts, mergers, bankruptcies, and other timeshare laws.
Certain levels of competency are crucial if you want to cancel your timeshare. Timeshare companies set countless traps for fractional owners, and falling into just one or two of them can leave you stuck with a contract that you can’t afford.
Being able to navigate these treacherous waters with a seasoned captain can make all the difference in the process as well as the result.
You’ll Be Prepared for the Aftermath of the Decision
Most prospective timeshare owners don’t know how overwhelming the process can be to get out of their timeshare contract. But it’s not just the exit process that is demanding. Timeshare companies can continue to be aggressive after the process is finished as well.
Timeshare companies will often bombard owners that decide to exit their purchase. This can include psychological scare tactics that make owners second guess their decisions. They’ll use every weapon in their arsenal to ensure that their sale worth thousands of dollars doesn’t fall through.
If the timeshare owner isn’t ready, they’ll fall into traps that can keep them imprisoned in their agreement. They might even be on the verge of freedom when they are tricked back into another contract with a “can’t-miss” opportunity.
Employees of timeshare companies will do anything they can to keep their commission — even send threats to the timeshare owner. They’ll make collection attempts, judgment claims, as well as malicious attempts to change their minds.
One of the biggest benefits of hiring a timeshare cancellation company is that they’ll keep you laser-focused on the goal of exiting the contract. They’ll act as the middleman so that they can block any harassment that might come the client’s way.
A good timeshare cancellation company will know the exact terms and conditions of a contract, which means they’ll know exactly what to stay focused on and what to ignore.
You’ll never have to face the timeshare company alone. They’ll shield you from any abuse that comes your way.
They Have Several Resources You Can Use
Several tools and resources are needed to get out of a timeshare contract. This is why not all timeshare cancellation companies are built the same. These tools include:
- Technology
- Processes
- Strategic partnerships
Unfortunately, many unreliable timeshare exit companies only show the “mirage” of getting out of an undesirable contract, but don’t have the resources needed to get out of them.
Inexperienced companies might have a lower price tag, but hiring them could just be throwing money down a hole. Getting out of fractional ownership is no easy task, and you must choose one that has all of the tools and resources needed to complete the exit.
Some people might believe that hiring a lawyer to take care of the situation is the best path, but they might not have the experience to do it. Their high price tag might lead people to believe that their service is high-quality, but it is not always the case.
Other Tips for Getting Out of Your Timeshare Agreement
Getting out of your timeshare agreement is a very serious and time-sensitive task. Here are a few other tips to help you along the way.
Act Quickly
Once you make up your mind that you want to leave your agreement, don’t waste any time. Start by going through your contract. Although it might be filled with confusing language, you’ll be able to find the cancellation terms.
You’ll want to keep an eye out for the recission terms. This is the amount of time that you have to cancel the contract. It varies by state, but it is usually around 5 to 7 days.
Knowing this time is crucial.
Write Your Timeshare Cancellation Letter
If you’re still within the cancellation period, you have the advantage. Start writing your cancellation letter to the company that sold you the property. Even if it says you can do this verbally, it’s important to get it down in writing.
You need to include the following things in your letter:
- The name of the timeshare company
- The contract number
- The name or names that are on the timeshare contract
- The date you purchased the timeshare
- A statement of cancellation
- The amount paid and a request for a refund
Note that you don’t need to state any reasons why you’re canceling. Just clearly state that you want out of the contract.
Make Sure the Company Receives Your Letter
Don’t forget to add dates to the letter and to make copies for your reference. Also, keep proof of the mailing date. Companies will make excuses and outright lie about receiving your cancellation letter, so the more proof you have, the better.
Exit Your Timeshare Contract With Confidence
It’s no secret that getting out of your timeshare is a long, hard journey. But with the help of a trusted timeshare cancellation company, you can be confident that you’ll make it out to the other side.
If you’re ready to escape the stress of your timeshare, reach out to us today!
