How to Get Out of a Marriott Timeshare
Do you want to know how to get out of a Marriott timeshare? Are you tired of the never-ending maintenance fees that continue to increase? Or maybe you were pressured and misled at a timeshare sales presentation?
Whichever the case, you want out! And that’s perfectly fine. Signing up for a timeshare is like signing up for a 20-year commitment. That’s not easy to stick out till the end. As life goes on, you’ll go through lifestyle changes, financial changes, maybe even a new job. Your priorities can easily change as time passes.
Now, more than ever, you need a solution that will get rid of Marriott Vacations Club fast!
If you’ve recently purchased a Marriott timeshare, lucky for you, you’ve come to the right place. Continue reading to learn more about how to get out of a Marriott timeshare legally. 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.
Marriott Vacation Club
J. Willard Marriott first established his company in 1927. What started as a food service management company known as “Hot Shoppes” decades later erupted into the multinational resort empire known as “Marriott Vacations Worldwide.”
Originally known as “Hot Shoppes,” the food service management company evolved into the “Marriott Corporation” in 1967. This was 10 years after the company built its first motel. In 1984 the company spent around $20 million to acquire “American Resorts.” This is what eventually become Marriott Corporation’s timeshare division.
The ’90s and 2000s were a booming movement for Marriott’s rise. In 1999, Marriott created the Ritz-Carlton Club. This was the first vacation ownership program that the company offered. In 2010, the company next created the Marriott Vacation Club Destinations program. And eventually, this evolved into what we know today as the Marriott Vacations Club.
Marriott Vacation Club Class Action Lawsuit
As Marriott continued to rise in the vacation world, most could agree they seemed unstoppable. That was until the unthinkable happened when Anthony and Beth Lennen took action.
Previous owners at Marriott Marco Island led a class-action lawsuit against the public company Marriott Vacations Worldwide. The case contained 18 different items with 3 violations of the RICO Act. Marriott did everything in its power to have the lawsuit dismissed. But The Lennens refused to take no for an answer. To learn more, click here.
Marriott Vacation Club Cancellation Policy
The first thing we recommend is to read your Marriott Vacation Club Cancellation Policy. Your goal with your research is to determine your rescission period. Your rescission period is like the “cooling off” period where you can still cancel and receive a full refund.
It’s important you do not confuse this with a reservation cancellation. When you contact Marriott Vacations Club, you must mention that you would like to “rescind” your contract. Saying you would like to cancel may sound too vague. The resort may confuse this for only a reservation cancellation. A rescission period is a very time-sensitive window of opportunity. You do not want to make any errors that could cost you time.
Your right of rescission is set forth by the Truth in Lending Act (TILA) under U.S. federal law. It applies to anyone who wants to cancel an agreement or line of credit with a lender. So if you’ve recently signed up for your Marriott timeshare, you need to act fast!
Most resorts require a written cancellation letter that notifies the resort that you would like to cancel. You must write the letter in the required format. And make sure you include any necessary information or additional documents.
When it comes to timeshare cancellation, timeshare developers will do anything to keep you trapped in your timeshare contract. So you will want to watch out for any stalling from the Marriott Vacation Club. And if you’re still confused about how a rescission period works or how to write a cancellation letter, click here to learn more.
If you missed your opportunity to rescind, don’t worry. There are several ways you can get rid of Marriott Vacations Club.
The first thing we recommend is that you still contact your timeshare developer directly. More and more resorts are beginning to offer exit programs of their own. This could be from all the pressure they felt from angry timeshare owners scammed in the past. Whichever the case, it’s great to see timeshare owners are beginning to receive more exit opportunities.
Now, this does not mean every timeshare developer offers an exit program. But if you own a timeshare with the Marriott, you can take a sigh of relief. The good news is the Marriott does offer an exit program of its own. The Marriott Vacation Club Resale Program can be the right option for you. If you’re wondering what options you have on exiting your timeshare, a Marriott Exit Club Specialist can help. Usually, these programs cost less compared to hiring a third party. But like any exit program, owners must first meet specific requirements to qualify. To learn more and to speak to a specialist, click here.
How Do I Sell My Marriott Vacation Club Points?
One option is putting your Marriott timeshare on the resale market. But before you take off into the resale world, we still recommend you contact Marriott first. The resale market can be a tricky place to get around.
Another reason you should contact a specialist is because the Marriott Vacation Club uses a points-based system. This system provides owners with the flexibility to choose how, when, and where they vacation. So this could complicate things when selling. In other words, even a paid-off timeshare can be challenging to sell.
If exchanging your points didn’t work for you, you’re probably wondering, “how do I sell my Marriott Vacation Club points?” Here’s a fun fact, Marriott Vacations Worldwide owns Interval International. Interval International is a global vacation exchange platform where timeshare owners can trade their points for other destinations. You’ll have access to the Sheraton, Westin, Ritz-Carlton, Disney Vacation Clubs, and more.
Sounds pretty good, right? Well, exchanging your points doesn’t necessarily get you out of your membership. So the resale option may still be in your favor.
Before proceeding with this option, it’s important to note that timeshares are not like real estate. This is a common misunderstanding that we have seen among new timeshare owners. Timeshare sales representatives are probably the most at fault here. Almost everyone refuses to use the word “timeshare” in their sales pitch because it carries such a negative connotation. This is has caused many timeshare owners to believe they have signed up for something else.
For those who have done their research, you probably know by now that it can be burdensome to sell a timeshare. A big reason for this is because most timeshares do not retain a substantial resale value. If you search for Marriott timeshare resales on eBay or Craigslist, the results may shock you. Quickly you will find, just like most timeshares, several Marriott Timeshares are listed for as low as $1.
Don’t get stuck with an even bigger mess because you decided to take chances with the resale market. Too many Marriott timeshares for sale are listed for $1. What makes you think a resale company will be able to sell yours for full price?
If you want to learn how to get rid of Marriott Vacation Club, please continue reading the sections below.
Marriott Vacation Club Cancellation
Suppose the Marriott Vacation Club cannot help you and resale was a failure. In that case, our best recommendation is to hire a reputable exit company that works alongside attorneys.
Our team understands selecting the right exit company for your timeshare situation can feel overwhelming. This is why we only recommend companies with no up-front fees and that offer escrow. This is, so you stay protected from a timeshare exit scam. To learn more about why escrow is important, click here.
The truth is you signed a legally binding document. And we always say that the best way to cancel a contract is by doing so legally. This is where timeshare exit companies come in handy. Think, a team of timeshare experts working alongside attorneys to cancel your timeshare. It doesn’t get much better than that!
Typically, an attorney’s role is to look for misrepresentations in your contract or at the sales presentation. The most common misrepresentations that appear in most cases are:
“your timeshare will increase in value… your monthly payments will stay the same … your timeshare is like real estate.”
As crazy as it sounds, the way you were mistreated could be the key to your cancellation success! When you contact the exit company, a helpful tip: ask if an attorney will be assigned to your case. If you do not confirm this, your case can get bundled up with 100 other cases. And the longer the process, the more expensive it can be. If you are paying someone thousands, wouldn’t you want the company to prioritize your case? And appoint a dedicated attorney?
Unfortunately, we cannot say how much each exit company costs. Prices for exit fees do vary since they are based on the complexity of your timeshare agreement. And most exit fees are typically determined through a free consultation. I know what you’re thinking. What a drag! Who has time to explore hundreds of companies? Especially when they all sound the same. Who do you know who to trust?
The good news is you’ve come to the right place! Contact us today or fill out our online questionnaire to take the first step to cancel Marriott Vacations Club. We’ve done our due diligence by researching several exit companies, so you don’t have to! So what are you waiting for? Take action now!