Getting out of a timeshare contract can be a tricky business. If you decide to go down that route, make sure to follow some of the most comprehensive tips and tricks. While there are no guarantees, following these tips should give you the best chance of successfully navigating the maze that is timeshare cancellation.
Aside from the usual suspects like the resort and developer, you may also have to deal with legal action and collection agencies. Depending on the company you deal with, you may be left with nothing, or even a balance that you have to pay back. If you do not pay up, the credit bureaus may be notified, and your credit score may take a hit. In the end, you may find yourself spending more time at your timeshare than you anticipated, and you may not even be in the same location as when you purchased it.
If you are planning on going the legal route, make sure to have a competent attorney handle your timeshare exit strategy. While a timeshare attorney may be the best bet, there are other options to consider. In fact, many disgruntled timeshare owners have turned to a timeshare exit company, only to be left with thousands of dollars in legal fees, and no peace of mind. If you decide to take the legal route, make sure to read your contract and your state’s laws before signing on the dotted line. Whether you go the lawyer or the developer route, make sure you get everything in writing and in writing on time. Whether you are trying to negotiate a better deal with the developer, or simply decide to walk away, a timeshare attorney can help.
A timeshare cancellation letter is a good start. If you want to make the most of your timeshare exit strategy, however, you may want to send the letter as soon as possible. In most states, you have at least five days after you sign a contract to do so. In some states, it’s as long as 15 days. When you decide to cancel, make sure to use the correct address so that the company receives your letter in a timely fashion. If you don’t, they might try to delay your cancellation.
In addition to writing a timeshare cancellation letter, you should also use certified mail. This is because the post office offers certified mail with a return receipt. Also, a certified letter should be signed. This will ensure that the timeshare company gets the message. It is also the best way to be sure they receive future correspondence.
The right cancellation letter may even prove to be the best move of all. If you are a timeshare aficionado, you may be able to negotiate some nice additional benefits from the developer. But be warned: If you don’t cancel your timeshare in a timely fashion, the company may try to drag their feet on giving you your money back. Know on cancel my timeshare contract.