The timeshare industry is worth over $10 billion.
Several of us have probably received offers about how we can get free tickets to somewhere like Disney World. We think of the Mickey Mouse ice cream bars and rides, and we immediately become roped into a timeshare sales pitch.
Many people who have owned timeshares think it’s a great idea until they start getting sent enormous bills for things such as maintenance. Having a timeshare can push you to a point of feeling stuck and desperate to get out.
Take a deep breath, and keep reading below. We’ll give you information on how to cancel a timeshare contract.
Cancel ASAP
When canceling a timeshare, it’s best to cancel it as soon as possible. Let the buyer’s remorse in your gut lead you in the right direction.
It’s important to cancel quickly because most timeshares have a small cancellation period. If you think you’ve been led astray in your timeshare contract, do some digging and check out your state’s laws regarding timeshares.
If you do decide to cancel in your cancellation period, make sure to thoroughly document everything in case the timeshare company attempts to fight it. Date all letters, and request a return receipt. Make copies whenever needed.
What If It’s Past the Cancellation Period?
Are you trying to figure out timeshare cancellation outside of the cancellation period? There might not be many options for you to try, but it’s worth a shot!
Start by reaching out to the timeshare company to see if you’re in a position in which they can allow you to cancel. Some companies allow it after a certain length of time.
If they aren’t budging, you’ll have to take it a step further. This may involve playing with fire a bit. For example, the timeshare company may cancel if the owner doesn’t pay their fees, but you’d face the chance of litigation if you don’t pay.
You might have to hire an attorney as a last resort if you’re desperate to get out of the contract.
Are There Alternatives?
There may be a few alternatives to explore if you aren’t able to cancel your contract.
See if it is possible to give it back to the company. You may have to pay fees to give it back, but it doesn’t hurt to explore the option.
You may also see about reselling it or reaching out to a company that specializes in resells or cancellations. To start out your search, check out this homepage.
Let Go of Your Financial Burden and Learn How to Cancel a Timeshare Contract
Having a timeshare can be a big burden on anyone, and figuring out how to cancel a timeshare contract can be an even bigger burden. Luckily for you, there’s some information above to get you started.
Start out by checking to see if you’re still in your cancellation window. If you aren’t, reach out to the timeshare company to see about giving it back or reselling it. Take legal action if needed.
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