Timeshares are a major headache, and it can be incredibly difficult to get out of your contract with one. More than 7% of Americans have timeshares, but many people regret ever investing in this nightmarish contract.
Maybe you’ve tried looking up “how to cancel my timeshare” or something similar, but you’re still stuck. Never fear! Read on for your guide to canceling your timeshare once and for all.
Acting Within the Cancellation Period
Most U.S. states now have laws that allow you to cancel your timeshare contract within a certain timeframe. The timeshare contract should state how long the timeshare cancellation period is, but if it doesn’t, you have a few options. You can contact a legal team or get in touch with your local consumer protection office.
The important thing is to act fast if you get trapped in a timeshare you didn’t want! The sooner you act, the better the chance you can cancel it more easily within your cancellation period. Look up “how to exit my timeshare” or something similar with your particular contract, and get the specific steps for canceling your contract.
Acting After the Cancellation Period
Unfortunately, a timeshare exit gets trickier once you’re past your state’s cancellation period. That’s where you need to find a firm specializing in timeshare cancellation. These companies are designed to help people like you get out of your contracts with as little hassle as possible.
Many of the tricks and gimmicks that people try to get out of timeshares don’t actually work in the long run. Selling your timeshare for a dollar, giving it away, or transferring it to other people may work for a while, but it will almost always come back to bite you.
If you sell your timeshare, your name is still on the contract. That means if someone stops paying, you’re eventually the person responsible for paying the fees — which brings you right back to the same issue you had in the first place!
Get It All in Writing!
When you do start to cancel your timeshare, make sure you get everything in distinct writing. Include your name, the contract name and ID number, and all other relevant information for the contract. Write a clear, concise letter, including the date you bought the timeshare, the description of the timeshare, and anything else that could remotely be important.
Your timeshare contract should specify where to send the cancellation letter and how to send it. Be sure to follow their instructions exactly, as they will look for any excuse to not let you cancel a timeshare contract. You want to give them as little reason as possible to delay!
Even if you do everything perfectly, there’s a good chance the timeshare company will still refuse to let you cancel. That’s when it’s time to call in the cavalry and get a legal team working to help you out!
Help Cancel My Timeshare!
If you’ve been begging the universe, “Please send someone to cancel my timeshare!” today is your lucky day. You don’t have to struggle through this task all on your own. We’re here to help you with your timeshare termination!
So, if you’d like to get started on canceling your timeshare, or if you have any questions about what we do, contact us! We’d love to help you get out of this nasty business once and for all and give you the peace of mind you deserve.