Timeshare contracts can become a burden due to their perpetual nature since the contract never ends. Even if you pass, your beneficiaries are stuck with the timeshare contract. According to research, 85% of timeshare buyers want to cancel their contracts at some stage. Some do it for fear, confusion, intimidation, and distrust of the timeshare company, but most do it because it becomes too expensive. Those once reasonable timeshare fees quickly become unaffordable after a few years of mandatory yearly increases.
What is Timeshare Cancellation?
Timeshare cancellation is a process whereby you or your appointed timeshare cancellation company representative negotiates with the timeshare resort to cancel your contract and remove your financial obligation to the timeshare resort. It is a drawn-out process, so it is advisable to seek help from professionals who can simplify the process for you.
What questions should you ask when choosing a timeshare cancellation company?
Getting the right company to represent you in your timeshare cancellation procedure is invaluable. Not only does it simplify the process, but it also ensures a better outcome than if you were doing it alone. But how do you choose the best company to represent your case? Most reputable companies provide one free consultation, so take them up on that offer and ask appropriate questions to check out whether this company is a good fit. Here are some examples of questions to ask in the meeting to ensure you don’t choose the wrong company.
- How long has the company been in business? – Longer-standing companies are perceived as more reliable. They have more experience in securing cancellations under all circumstances.
- Have they dealt before with the resort where you own a timeshare? – If the company already had successful cancellation with your resort, it’s a plus because they already know their way of working and can get the process done faster.
- Will they allocate a dedicated representative to your case? – A dedicated representative is not essential, but it will make follow-up calls much easier. It is preferable to deal with one person who knows your case from the beginning than spend time on the phone explaining your situation to different people every time you want to follow up on the proceedings.
- Are they able to provide an all-expenses inclusive quote for their service? – Most reputable companies will analyze your situation and can provide an accurate cost quotation to you at the start of the proceedings so that there are no financial surprises as the cancellation progresses.
If you follow the instructions laid out in this article, you should feel very confident in your timeshare cancellation decision.