Cancel your RCI or Interval International Membership
Do you have a membership with Resorts Condominium International (RCI) or Interval International and are tired of paying increasing yearly and monthly fees? You are not alone. 1 out of 8 households in America owns a timeshare. The timeshare industry is now converting to RCI or Interval International memberships, and through RCI or Interval International, you can exchange your points to over 4,500 affiliated resorts. There were a lot of things that you probably did not know about your RCI or Interval International membership, and today we’ll discuss the options you have available to you so you can get rid of your membership legally and permanently.
RCI and Interval International Cancellation Policy
The first option you have available is using the right of rescission. The right of Rescission is a right, set forth by the Truth in Lending Act (TILA) under U.S. federal law, of a borrower to cancel a contract or line of credit with a lender or to cancel a contract within three days of closing. If you have recently purchased your RCI membership, we advise you to look in your contract to see when your rescission period will end. In most cases, the rescission period can be from 3-10 days. If you are still under your rescission period, we recommend you contact RCI or Interval International and request to rescind the contract.
In many cases, the resort company will require you to sign a specific document that states you as an owner want to rescind your contract, and the company will need you to mail in a document. If the company requires you to send anything in, we recommend you overnight mail your documents because if the resort receives your documents past the rescission period, they will not honor your request. The few extra dollars to overnight courier the documents are worth the investment.
If you are past your rescission period, you should still send in a letter to cancel your RCI membership. We recommend you read your RCI membership agreement, section 24 deals with canceling your membership. We also recommend you write a letter RCI to inform the company that you would like to cancel your RCI membership. Explain in detail why you wish or need to cancel your membership. Make sure to include your name, RCI account number, your mailing address, email address, and contact phone numbers. Also, tell RCI whether you would like any refund due to you to be paid by a check or refunded to a credit card.
Send the letter to RCI headquarters: RCI, Attention: Cancellation, PO Box 2099, Carmel, IN 46082 Or Fax the letter to 317-805-9335.
RCI and Interval International Availability
Interval international is another exchange program, just like RCI. The program lets timeshare owners convert their weeks into points, and then the owners can use their points at various resorts all over the world. If you purchased a membership with your timeshare purchase, you probably were not explained that an RCI or Interval International fee could range monthly or yearly depending on your membership.
Your timeshare company might ask you to convert your timeshare to RCI or Interval International because the company receives a commission. The fees for the exchange companies range from $150-$500 depending on your contract. One thing the transfer companies probably did not mention there is no availability to book your vacation. At the start of your sales presentation, your sales representative might have told you there is unlimited availability, and converting to an RCI membership will be beneficial for travel. If this is the case, then you have been misinformed.
Many timeshare owners are complaining about not having any availability with RCI or Interval International. Unfortunately, this situation is becoming very common, and it’s not fair to timeshare owners to pay a substantial amount of money on a timeshare and exchange company fees without being able to travel. If you want to read more about RCI and no availability, we suggest you look at the reviews of customers stating RCI is way more costly compared to an all-inclusive hotel in certain areas. Also, the fees with any RCI membership will constantly increase! Below is one of the reviews from tripadvisor of a customer who has complained about no open availability with RCI.
A membership that allows you to travel all over may sound appealing, but if you crunch the numbers, you would be paying substantially a lot more compared to if you booked your travel with websites such as hotels.com or trivago.com. Is RCI or Interval International worth your hard-earned money? The answer is no.
There are numerous timeshare scams every year. Contact our team so we can help you determine if a timeshare exit company is legitimate, and we recommend working with timeshare exit companies that offer escrow, so you pay no up-front fees. Know your legal right so you can exit your timeshare contract legally. Read over our website and fill out the form on the right or contact us through Live Chat for a free informational consultation.