How to Cancel Wyndham Timeshare
Do you want to know how to cancel Wyndham timeshare? You’re not alone here. At this very moment, there are thousands of timeshare owners all over the globe that want out.
So if you’re panicking right now because you think you’ve run out of options, breathe! The good news is, you’ve come to the right place. That’s right. Our team is about to let you in on a bit of a secret that has helped thousands of timeshare owners EVERYWHERE get rid of their timeshares! So if you want to learn how to get out of Wyndham timeshare, fill out our short quiz on the right, and get out a pen and a paper.
We’re about to tell you about the best way on how to cancel Wyndham timeshare. Or you can initiate a Live Chat to learn more through a free personalized consultation. We can help you find the best solution ideal for your timeshare situation. Take action now!
Who Owns Wyndham Hotels?
So, exactly who owns Wyndham hotels? We can start by mentioning that Wyndham Destinations is one of, if not, the largest vacation company in the world!
Formerly known as Wyndham Worldwide, the company is known as one of the world’s largest vacation ownership companies due to a vast network of more than 7,100 properties in over 100 countries. Roughly 1 million owners each year are taking advantage of the Wyndham vacation exchange network.
The first Wyndham Hotel was founded in 1981 in Dallas, TX. Since 2017 Michael Brown has been at the head of the company as President and CEO. Over time the company has created multiple different vacation ownership brands overtime. Amongst the list of other brands includes:
- Worldmark by Wyndham
- Club Wyndham
- Club Wyndham Plus
- Wyndham Extra Holidays
- Wyndham Vacation Rentals
Overall, the Wyndham family has made it clear they are a premier vacation ownership company.
Use the Rescission Period
If you recently purchased a Wyndham timeshare, then using your right of rescission may be your best option. The rescission law applies to all timeshare owners under the Truth in Lending Act (TILA).
Think of the rescission period as a window of time when you can cancel Wyndham timeshare and still receive a full refund. In the US, rescission laws are different in each state. Each one decides the length of the rescission period. For example, most states range from 3-14 days but can sometimes be 30, depending on your timeshare’s location.
If you’re unsure of the length of your rescission period, our team recommends you look into your state rescission laws. The rescission period may begin when you purchase your timeshare, but each case does vary. We’ve seen other situations where other factors were considered. When you receive the public offering statement has been used as a benchmark for a rescission period to begin.
Knowing the length of your rescission period could save you thousands if you catch it in time! When it comes to rescinding your contract, most resorts require you to mail a written cancellation letter. We recommend purchasing expedited mail to avoid any issues. Paying a couple of extra dollars could save you tons in cancellation fees! Click here to learn more about rescission.
How Do I Sell My Wyndham Timeshare?
If you missed your rescission period, then you’re probably asking yourself, “how do I sell my Wyndham timeshare?” Before you make any moves towards selling, we recommend you first contact your resort.
Attention Wyndham timeshare owners, the good news is Wyndham does offer exit programs of their own! Programs such as Wyndham Cares or Ovation have customer service teams who can guide you to safety!
Exploring the resale market can be very challenging to maneuver. If you’re not careful, you could become another resale scam victim. For starters, if you still have a loan or owe a balance, your timeshare will be listed as “encumbered.” This means by default; your timeshare is restricted from being sold. Another challenge you’ll face in the resale market is finding a buyer! Now you may be thinking we’re just pointing out the obvious here. But in truth, most timeshares depreciate immediately once purchased, and Wyndham timeshares are no exception.
You could list your timeshare by yourself online, but make sure you select a platform that does not charge up-front fees. Believe it or not, it’s very easy to get duped into a deal with an “exclusive” website.
Try searching for Wyndham timeshares for sale on eBay.com or craigslist.com. You’ll see many starting bids are listed as low as $1. This has made numerous timeshares owners desperate to sell their timeshares. And who could blame then? Owning a timeshare can truly become a burden. The issue is resale companies feed of this desperation lurk throughout the resale market like sharks in the ocean.
If you decide to go for the resale route, you mustn’t pay any resale company high upfront fees. Our team suggests working with a company with no up-front fees to avoid any timeshare exit scam.
How to Get Out of Wyndham Timeshare
So selling a Wyndham timeshare was a failure, and you missed your rescission period, right? The good is news we’ve saved the best for last!
When anyone asks our team, “what’s the best way to get out of a timeshare contract?” We always respond with “by doing so legally.” With that in mind, this is a substantial reason why we recommend you hire a timeshare exit company that works alongside attorneys.
Reputable timeshare exit companies usually will work alongside attorneys on your case to look for any misrepresentations or loopholes in your agreement. If they ask you numerous questions on what was said and how you were treated, this is normal! The experts understand most misrepresentations are faced during a timeshare sales presentation.
Our team did want to point out it’s important you hire a company with no up-front fees and that offers an escrow payment option. That way, you stay protected against a potential timeshare scam. The FTC and the BBB have warned timeshare owners against paying up-front to exit their timeshare contracts. And just because a timeshare exit company uses attorneys doesn’t mean they won’t try and charge you hefty up-front fees.
That is why we only recommend companies that offer escrow because this eliminates all upfront fees paid directly to the exit company. By doing this, you remove all the risk of becoming a victim of a timeshare exit scam. And you hold the exit company accountable to complete the services they promised. To learn more about why escrow is crucial, click here.