How to Compare Timeshare Cancellation Services
A timeshare cancellation service can help you to get rid of your timeshare quickly and easily. But there are several things that you need to consider before hiring one. You should be aware of their fees and guarantee before signing up with them. Also, they usually charge an upfront fee and only offer a limited guarantee. And you should avoid utilizing their services if you are over 60 or are an older timeshare owner.
They charge a large upfront fee
The biggest question that arises when comparing timeshare cancellation companies is whether they charge a large upfront fee. While some companies do charge a fee up front, you should avoid paying this unless you know the timeshare cancellation company is reputable and has a solid track record of success. In addition, you should be aware that you are locking in your timeshare cancellation if you pay an upfront fee to a cancellation company.
If you’re not sure if you should hire a cancellation company, you can go on the internet to read reviews. You can compare the various companies in a number of categories. You should go for the one that offers free consultation and is transparent and honest.
They send a letter to the resort telling them to stop contacting you
The first step is to write a letter to the resort telling them you want to cancel your timeshare. You should make sure the letter is addressed to the correct department and use a proper subject line. Your letter should be brief and easy to understand. Be sure to avoid using complex language and repetitive words. It should also include a request for confirmation. Failure to include a request for confirmation could lead to future problems.
The cancellation letter should contain all the necessary information and be sent as soon as possible. You should also make sure you use certified mail, because it can give you proof of delivery.
They offer no guarantee
Timeshare cancellation is a legal process of terminating a timeshare purchase. There are certain procedures you must follow in order to ensure a smooth cancellation process. Following these procedures as closely as possible is the key to obtaining a full refund. You must also provide a formal notice of cancellation to the seller within a certain period of time after purchasing your timeshare.
When looking for a timeshare cancellation company, look for a solid reputation with the Better Business Bureau and the local chamber of commerce. Be wary of any company that demands an upfront payment. This is a big red flag.
They target older timeshare owners
Timeshare cancellation companies are notorious for targeting older timeshare owners. These companies use false advertising to scare timeshare owners into attending a sales presentation and paying exorbitant fees. For example, one company, the Newton Group, has sent out mailers that claim new timeshare laws allow developers to raise maintenance fees without any restrictions. In a recent court motion, Diamond Resorts challenged these companies’ claims.
The industry’s tactics have been exposed as misleading and deceptive. Several companies advertise on television that they can help you get out of a timeshare agreement, but that’s hardly the case. The companies often misrepresent timeshare terms and mislead consumers into believing that annual maintenance fees will pass to children. In a recent Checkbook undercover shopper investigation, one of these companies made the same claim. It claimed that the timeshare company failed to disclose the annual maintenance fees at the time of sale.
They can be scams
Timeshare cancellation companies are scams that promise to cancel your timeshare contract and then fail to deliver. These companies often prey on desperate timeshare owners. They often demand exorbitant upfront fees to cancel your contract. They may also encourage you to hire a timeshare lawyer and pay 10s of thousands of dollars to exit your timeshare.
To prevent getting scammed, make sure to do your research before you decide to sell your timeshare. Check for online reviews to make sure the company is legitimate. It’s always best to avoid companies that have poor BBB ratings and don’t have a track record. Know more on timeshare cancellation companies.