How do I cancel a timeshare?

It’s hard to justify making payments on a product you rarely ever get to utilize. You’re constantly losing money and getting zero in return. This is oftentimes the exact problem timeshare owners face on a daily basis. After months of giving up money for a room at a resort where they may only spend a week, timeshare owners start to become disgruntled and look for a way out. 

While some timeshare industry professionals will say that selling is an option for you, it’s not a very viable option. It’s very tough to persevere through the timeshare resale market. Very few people buy their timeshares from previous owners. This is especially true in major tourist locations. With that being said, the best way out of your timeshare agreement is cancellation. 

When it comes to cancelling your timeshare, it’s easiest if you find a timeshare exit company to help you along the way. Exit companies specialize in the process of getting your timeshare cancelled by using a multi-step process, which usually consists of communicating with the management company/resort developer. This is how they can express any concerns or broken promises you may have as an owner.

However, you should proceed with caution as some timeshare cancellation companies have been known to scam customers. Especially given that we’re in the middle of a global pandemic, pseudo exit companies have started taking advantage of timeshare owners because they know they’re vulnerable in such a year where finances are tight. 

How do I know a timeshare cancellation company is legitimate?

There are several variables and aspects that make a timeshare cancellation company legitimate. Here are a few of these attributes that you will want to look for in a company:

–An experienced staff 

–Proven client success 

–Industry tenure

–100% money back guarantee

When it comes to contacting someone else to cancel your timeshare, you want to make sure that representative both knows what they’re doing and what they’re talking about. This usually stems from a variety of things, but mostly industry experience. A timeshare exit company’s success will be transparent when it comes to its customers reviews and stories. Quite possibly the most important aspect you should take into account when finding a timeshare cancellation company is the 100% money back guarantee. This means that if for some reason they are unable to terminate your timeshare you will get whatever amount of money you paid, back into your pocket. After all, what’s the point of trying to get out of constant debt if you’re just going to lose more money?

Companies like Wesley Financial Group, LLC not only have a 100% money back guarantee but also vast industry experience with representatives who know what they’re doing and truly care about their clients. This is what makes Wesley Financial Group, LLC an obvious choice for helping you out of your timeshare agreement. Keep in mind that certain companies like Wesley Financial Group, LLC, only take clients who have experienced dishonesty or deceit when talking to timeshare salespeople. 

Can you back out of a timeshare purchase?

Yes, but you have to act fast. Most timeshare management companies have what is called a cooling off period. This is the time allotted for timeshare buyers to change their mind. The amount of time can differ depending on which management company you buy from and where it is located, but in most cases a cooling off period is anywhere from 2 to 10 days. 

With such a short period of time, most timeshare owners miss their cooling off period by the time they realize that they want out. In very rare instances, timeshare management companies will grant you access out of your timeshare if you’re only a few days off from your cooling off period, but most of the time this sort of leniency is not welcomed. This is why it is so important to act quick. As soon as you’ve signed the timeshare agreement, your cooling off period starts. This is also why most owners tend to miss it.

Cancellation letters

Most timeshare management companies usually require a cancellation letter. This is one major incentive of working with a timeshare exit team because they will assist you in this request. Having someone else help communicate with your timeshare management company is very advantageous. A trusted timeshare cancellation company like Wesley Financial Group, LLC will have an experienced staff that knows what to say and what not to say in your cancellation letter. They will also provide you updates in regards to what they hear back from the timeshare company.

Having professional help is an added bonus when it comes to these cancellation letters. This is just one of many reasons why a trusted timeshare exit team is the right choice for cancelling your timeshare. 

Summary

Cancelling a timeshare is never a one-step process. But if you are smart, do your homework, and reach out to a timeshare cancellation company that checks all of your boxes, the chances of your timeshare agreement being terminated are high. 

A lot of timeshare owners are always curious about how hard it will be to cancel their timeshare. While this answer differs for every client, it should be known that owners who were manipulated or lied to during their sales process usually experience a much faster and easier cancellation. 

Wesley Financial Group, LLC is a timeshare cancellation company that has all the right qualifications timeshare owners should be looking for in an exit company. Led by a pioneer of the industry, Chuck McDowell, the company’s experience and ethical nature help them assist thousands of clients out of their timeshares. To learn more about Wesley Financial Group, LLC and their trusted four-step cancellation process, check out their website.