If you want to get out of your timeshare contract, you need to know what your options are. You have two choices, you can hire a timeshare cancellation service or you can write a letter and deliver it to your developer. There is no guarantee that your letter will be accepted. But you can do one thing that will definitely get you out of the deal: stick to the facts.
First, you need to know the right way to write a letter. The best way to do this is to keep it short and sweet. Don’t go overboard and make it sound like a novel. Write about a specific reason for wanting to cancel your timeshare, but don’t overdo it. List the reasons in bullet points, so the information is easy to read.
You also need to be aware of the various forms of fraud involved in the timeshare industry. Some companies will mislead you, claiming that you can simply give your unit back to them. Others will charge you a steep fee for services you don’t really need.
Lastly, you need to be familiar with your state’s laws and regulations when it comes to timeshare cancellation. Many states offer rescission, a short window in which you can cancel your timeshare without penalty. However, you should be aware that even the rescission period may be short.
Your best bet for a timeshare cancellation is to work with a reputable company, such as Wesley Financial Group (WFG). They’ve been in the business for more than a decade, and have helped more than 16,000 people cancel their timeshares. WFG also has a team of experts who can help you find a way out of your timeshare.
Although the timeshare industry is largely unregulated, you’re still protected if you have a reputable exit company. In the United States, Nevada has a law allowing you to cancel your timeshare within five days. Depending on your state, you may have an even shorter period of rescission, or no period at all.
Timeshare cancellation is a complex process. You need to follow the law, navigate the red tape of your timeshare management company, and get your money. This can be a frustrating and stressful process, and it’s important to do your research and decide on the right option. To learn more about your options, consult a professional, such as a timeshare attorney, who can provide you with information you need to get out of your timeshare.
A timeshare cancellation letter is a good place to start. Whether you’re writing a letter yourself or getting help, be sure to make it as brief as possible. And do not include any reasons for your cancellation in the letter. Make sure you deliver it before the timer runs out. Depending on your state’s rules, you might have to mail it certified or in person.
It might be tempting to write a letter and wait for it to be accepted. However, you need to be careful that you don’t take on the risk of legal action against you. Even though you’re reclaiming your timeshare, your provider might still take you to court.
