Are You Ready to Exit Your Timeshare?

05/10/2022

how to get out of a timeshare deal

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An estimated 56% of individuals wish to cancel a timeshare since they cannot afford it. Timeshare ownership is a big commitment. You will pay out of pocket for your timeshare, which is just the start. Resorts keep adding on more amenities you have to pay for, too. It can be hard to cancel once you have started down the timeshare path unless you know the proper steps. The following are some tips on how to get out of a timeshare deal.

Find the Right Attorney

It’s easier to know where to turn when you have a specific attorney in mind. It will not make sense to send dozens of emails, call around, and talk with everyone else. In the initial stages of checking out legal options, choose the attorney that can stand up for you. When consulting on how to get out of a timeshare deal, be sure to ask the lawyer the right questions.

Contact Your Timeshare Company

If you own a timeshare, you have likely bought into the ownership or been gifted with one. Either way, the operational costs are coming out of your pocket. There is not much point in owning a timeshare if you can never use it. Contact the company that manages your property before any cancellation and refund requests happen. Ensure you ask them how to get out of a timeshare deal appropriately.

Cancel Your Credit Cards

Some resort companies offer promotions requiring customers to use their credit cards for reservations to receive discounts. Typically, these companies charge a hefty annual fee on top of the purchase price of your condo to maintain this service. Ensure you cancel the card in question if this is the case.

Get a Visa or Mastercard With No Annual Fee

You may have purchased your timeshare without an annual fee. However, you will be hit with a cancellation fee as soon as you want to cancel the contract. Most timeshare companies offer annual fees since they know how much money owners like to spend on free perks while vacationing at a particular resort. If a customer cancels their timeshare, the annual fee is usually nearly impossible to cancel. The easy solution to this problem is to get a credit card with no annual fee.

The tips above will equip you on how to get out of a timeshare deal. Timeshares can be an excellent investment. If you have been seeking the perfect time to seize this opportunity, the time is now. Visit our website for more help and insights about timeshares.

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