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How to Get Out of Your Timeshare Without Ruining Your Credit

There is a reason why so many people are lured towards timeshares. On the surface, many of the offers given by timeshare developers may seem appealing, especially if you like to travel or want to travel more. Some of them are sold as good investments. Others just seem like good deals at the moment and on average, according to Redweek, the price of a new timeshare is $20,040. This is a lot less expensive than buying a vacation home, right?

Over time, however, the cost of a timeshare begins to add up. This is in part because of the cost of maintenance fees, which accumulate over time and can even rise from year to year. Additionally, many people don’t use their timeshares as often as they thought they would, which takes away from their value. So why don’t people just get out of their timeshares? Well, that’s because they often have what is essentially debt loaded into their timeshare contracts and if you aren’t careful, exiting your timeshare could negatively impact your credit. But it doesn’t have to.

How Can I Avoid Ruining My Credit When Exiting My Timeshare?

Firstly, you can consider checking into the options that your resort offers. Some timeshare developers offer exit programs. This could involve selling back your timeshare to the developer. Additionally, you could consider selling your timeshare to another party. There is a timeshare resale market, with many people looking to buy timeshares from timeshare owners. But neither of these options is foolproof. It can take quite a while to understand all of the specifics surrounding your timeshare, and of course, you’ll want to make sure that you’re handling the process correctly.

There are also timeshare exit companies and attorneys that specialize in timeshare exits. Not all timeshare contracts will necessarily stand up against the work of a great attorney or timeshare exit program. But as many will advise, you’ll need to keep up with your payments and maintenance fees while you do this. This will help you avoid damage to your credit. As much as you may not enjoy paying against your timeshare while you’re trying to get out of it, you’ll need to keep track of your payments.

Don’t assume that you must stick with your timeshare. Reach out to a timeshare exit and support services, you may be surprised by the options available.

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Our primary service is our title transfer service. This service helps timeshare owners by legally transferring their timeshare property title out of their name. Once the transfer is complete, all financial liability and obligation is removed.

Timeshare owners that still have a mortgage on their timeshare may qualify for our Timeshare mortgage cancellation which is the most successful timeshare exit strategy available. Throughout this process we work directly with you to cancel your timeshare with the resort where you purchased it.

Please call our office today for a free consultation

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Every clients situation is unique and therefore the costs vary.

After your consultation we will give you specific cost and a guaranteed time of completion in writing for your exact situation.

We provide a 100% written guarantee and have earned glowing testimonials.

Every clients situation is unique and therefore the costs vary. After your consultation we will give you specific cost and a guaranteed time of completion in writing for your exact situation.

We provide a 100% written guarantee and have earned glowing testimonials.

A recession period is outlined in your timeshare agreement and is usually 3-10 calendar days where you can cancel your timeshare contract. Each state and resort have different guidelines for this, which are outlined in your contract. If you happen to be in your recession time period, you can cancel your timeshare. Be aware that timeshare companies will often make it very difficult to contact them and cancelling often requires filling out paperwork and mailing it in.

If you are in your recession period, act quickly. You can also contact our team for help cancelling your timeshare.

Call our office today

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Timeshares are difficult to cancel due to the nature of the contracts that timeshare companies and resorts use. Recession periods are generally very short and difficult to navigate. Writing a letter to cancel your timeshare is often lost or not received by the resort, or that is what they’ll say.

Our team of experts know how to navigate the process and guarantee your freedom from your timeshare.

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