How to Cancel Timeshare Payments
You can cancel your timeshare payments in various ways. You can pick from:
- Write a cancellation letter to exit your recently bought timeshare’s payments.
- Cancel your timeshare even if the rescission period has ended.
- Transfer the timeshare to someone who is willing to purchase it.
- Work with a reputable timeshare exit company to help cancel your timeshare payments.
- Beware of fake exit companies that scam timeshare owners and run away with their money.
- Learn to protect yourself when being involved in a timeshare deal.
- Talk to a timeshare attorney if your timeshare company has scammed you in any way.
Timeshare payment cancellation is not an easy job, but timeshare contracts are made to be long-term or even life-long. If you don’t take a step right now, you will be stuck with your timeshare forever. Are you willing to pay the absurd expenses that will not even give you any profit in the future? Of course not. Keep reading and learn how to cancel your timeshare payments, so you can get rid of your timeshare as soon as possible.
How to Write a Cancellation Letter to Cancel Your Timeshare Payments
You can write a cancellation letter to your timeshare company in order to cancel your timeshare. But, the only obstacle is that the timeshare must be recently bought. If you have recently bought your timeshare, there is a high chance your rescission period is still valid. And if it is, you can successfully exit your timeshare and receive a full refund.
The Rescission Period
The rescission period is a timeframe in which you can easily cancel your timeshare contract. Typically, the rescission period lasts up to 15 days. It can even be a month-long based on the type of your contract. You can explore your timeshare contract and find more information on the rescission period at the start or the very end. If you need help decoding the timeshare contract, you must contact my team of experts.
Start Writing The Cancellation Letter
If your rescission period hasn’t expired, start writing a cancellation letter to avail the opportunity. If you wait any longer, you might miss the chance to rescind your timeshare contract. Mention all the details like your active email address, reason for cancellation, location of the timeshare, etc.
The cancellation letter must be perfect because the timeshare will try to reject it. Their goal is to keep you trapped so you pay maintenance fees and mortgage debt. Once the developer rejects your cancellation letter, you will lose the chance to rescind. A rescission period time-frame is quite short. So, to ensure that the cancellation letter is flawless, contact my team now.
How to Cancel Your Timeshare Payments if the Rescission Period Has Ended
It is common to miss the rescission period as the salesperson often hides the fact that you can rescind your contract during the presentation. If, like most timeshare owners, you have missed your rescission period, you can sell the timeshare by enlisting on resale websites like SellMyTimeshare, eBay, etc.
Sell Your Timeshare
Before you try and sell your timeshare, understand that the supply of timeshares in the market is more than its demand. That is the cause of timeshares losing value after a bit of time. This means selling your timeshare won’t make you any profit but you will be free from the annual expenses of owning a timeshare.
To sell your timeshare, the first thing you will have to do is look for similar timeshares on the resale market. This will help you determine the current value of your timeshare. Set a fair price for the timeshare and enlist it on different resale websites. Ensure that you post good-quality images and an attractive description.
How Can You Transfer Your Timeshare
If you cannot pay your timeshare dues or the foreclosure process has begun, it may be possible to transfer ownership. To transfer your timeshare to someone else, you must complete a form provided by the developer that states the name of the new owner and provides their contact information.
Giving Away Your Timeshare
So, transferring will get you away from the annual expenses of the timeshare and save you from its due payments, but you will not get any money. Which means, you are giving away your timeshare for free. This option is recommended if you are behind on your payments and just want to get rid of the timeshare somehow. If you are still willing to transfer your timeshare to someone else, contact your timeshare developer immediately.
FREE TIMESHARE EXIT COST ASSESSMENT
How to Find a Reputable Timeshare Exit Company to Work With
Finding a legitimate and reputable timeshare exit company is essential. The timeshare industry is full of scams and I don’t want you to fall victim. If you are considering working with a timeshare exit company to cancel your timeshare payment, do your research! Look for exit companies that don’t seek upfront fees and are well-known in the exit industry.
Escrow Payment Option
Escrow is a payment option that helps timeshare owners save themselves from exit scams. With escrow, you will be paying a third party who will hold your payment till the exit company successfully cancels your timeshare first. This way, if the exit company fails to keep its promises and any other misshapen occurs, your money will be safe. Finding a legitimate timeshare exit company can be daunting, so I suggest you let us do the work. I and my team will find a reputable timeshare exit company for you, all you need to do is contact us now.
How to Be Aware of Fake Timeshare Exit Companies
The moment timeshare exit companies started gaining popularity, scammers came into the market. Many people have been subject to timeshare exit scams and have lost a ton of money. After spending thousands on their timeshares, they ended up losing more when trying to exit. Saving yourself from fake timeshare exit companies is necessary so this doesn’t happen to you as well.
Better Business Bureau Review Site
When considering a timeshare exit company, make sure to write the review site of Better Business Bureau. If the exit company has a good business profile on the site of BBB, it means that the company is trustworthy. If the exit company has fewer reviews or a bad BBB rating, as an expert, I suggest you immediately take a step back.
The market is filled with timeshare exit companies that can help you exit your timeshare easily. There is no need for you to settle for less. Look for exit companies with escrow payment options and a good online presence. Or, just contact us so we can do all the work for you.
How Can You Protect Yourself When Being Involved in a Timeshare Deal
When you go on a vacation to your favorite destination, you are thrilled and excited. During all the fun, you forget to check the documents and end up regretting your decisions later. I want you to read every part of your timeshare contract before signing it. Or else, you will miss your rescission period by the time you get home from your vacation.
Fastest Way to Cancel Your Timeshare Payments
The rescission period is the cheapest and fastest way to exit a timeshare contract and run away from its expenses. The fact that your timeshare resort does not mention it during the sales presentation proves that they know how easy it is to exit this way! So, don’t fall for their sales tactics and end up with a timeshare you don’t even want. Ask as many questions as you want to and say NO if you don’t feel like buying the timeshare.
Should You Hire a Timeshare Attorney to Help With Timeshare Cancellation
Attorneys understand these contracts better than anyone else. Timeshare companies use a lot of sales tactics when selling the timeshare and often cross legal boundaries. If the timeshare company scammed you or you feel like you were not told about many important things about your timeshare contract, consult an attorney immediately. A timeshare attorney will help you find a legal way out of your timeshare contract.
Conclusion
As an expert, I suggest you carefully explore all the cancellation options and choose the one that best suits your current timeshare situation. I understand that it can be hard to exit a timeshare contract and cancel its payments, but it is equally necessary. If you don’t take action today, you might be bound with your timeshare for the rest of your life.
Lastly, timeshare contracts are made to be hard to exit. So, don’t be afraid to ask for a little help when trying to exit your timeshare. My team of experts will help you understand everything in depth so you can cancel your timeshare easily and as soon as possible. Contact us now so we can help you out with your timeshare-related issues.
Can I rent my timeshare by enlisting on rental websites?
Yes, you can rent your timeshare so it can pay for itself. But, before taking a step further, ensure that your timeshare company allows you to rent it.
Do timeshare maintenance fees increase over time?
Yes, it is proven that timeshare maintenance fees increase by about 4%. Timeshare companies often hide this fact during the sales presentation.
Is it possible to legally cancel my timeshare payments?
Yes, you can legally escape your timeshare payments with the right guidance. Contact my team for assistance.