Cancel Your Timeshare Payments
There are many possible ways you can end your obligation from your timeshare mortgage and maintenance fees. The first possible way is exploring a resale option for your timeshare. If your timeshare is in a desirable location such as Disneyland or Aruba, then your timeshare might have value in the resale market. As you probably know, Ebay.com and Craigslist.com have timeshares listed for a dollar, and some timeshare owners want to get their timeshare out of their hair because they have spent so much money on them. If you believe you have a timeshare in a desirable location, we would recommend a resale company, doing so will help eliminate the maintenance fees and the mortgage balance.
If you decide to go the resale route, we recommend working with companies that do not require up-front fees. There are a lot of companies that claim they are experts in the timeshare resale market, but the reality is they want your money. If a resale company promises anything to you, make sure to get everything in writing!
Timeshare Exit Companies
If you are in an unfortunate situation and your timeshare is not in a desirable location, you might want to turn to a timeshare exit company. Many timeshare exit companies can help you eliminate the yearly maintenance fees and the mortgage balance. Another thing that most timeshare developers do not disclose is your ridiculous 11-22% interest rate. In other words, you would be paying 3x your mortgage balance in 3-4 years, now that is high-way robbery! A reputable timeshare exit company can help you eliminate a timeshare debt by understanding your contract and looking for misrepresentations or fraudulent clauses.
If you were not aware, Wyndham Resorts was in a class-action lawsuit a few years ago. The lawsuit mentions that a whistleblower came forward and admitted they were allowed to say anything they wanted to get you to sign the contract, if you feel this happened to you, you may have a legitimate case. Contact one of the timeshare exit companies mentioned on our website, make sure they have a 100% money-back guarantee or a no up-front escrow payment option, so you are protected from scams. Another lawsuit that we recommend you read is the one that occurred with Diamond Resorts.
Timeshare Cancellation Policy
If you recently purchased a timeshare and felt pressured during the purchase, you might still be under your “rescission period.” Typically, most timeshare contracts have a 3 to 10 day rescission period in which you can return the timeshare to the developer. We highly suggest you read into your contract and look for the rescission period, which is typically located at the beginning of the contract. Knowing your rescission period may be a beneficial tool for you, and can help you get out of your timeshare contract. If you passed the rescission period, you still should contact your timeshare developer because some timeshare developers have options for timeshare owners that want out of their contract.
Read over our website and fill out the form on the right or contact us through Live Chat for a free informational consultation. 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.