If you are one of the millions of Americans who own a timeshare, you may have realized that it is not the best investment for you. Perhaps you have changed your travel preferences, or you can’t afford the annual costs anymore. Whatever your reason, you may be wondering how to get out of your timeshare contract legally and permanently.
The challenge is that timeshares are designed to be difficult to get out of. Most timeshares depreciate rapidly, and there is no demand for them in the secondary market. If you hope to sell your timeshare independently, you may encounter disappointment or deception.
That’s why many timeshare owners seek the assistance of timeshare cancellation companies. These are companies that specialize in helping owners terminate their timeshare contracts legally and permanently. However, not all timeshare cancellation companies are created equal. Some are schemes that will ask for money and deliver nothing.
So how do you know which timeshare cancellation company to hire? Here are some criteria to help you make a wise decision.
1. Read the testimonials and ratings from former customers and trustworthy sources. You can find reviews on platforms like Trustpilot, BBB, Yelp, Google, etc. Look for good reviews that mention specific details about the company’s service, process, fees, and achievements. Avoid unfavorable reviews that mention frauds, setbacks, extra fees, or bad communication.
2. Check for companies that offer a free consultation and a no upfront fee policy. A free consultation will enable you to talk to an expert and get a realistic evaluation of your options. A no upfront fee policy will safeguard you from paying anything until your timeshare cancellation is finalized.
3. Search for companies that offer a money-back guarantee or an escrow payment option. A money-back guarantee will ensure that you get a full refund if the company fails to cancel your timeshare contract. An escrow payment option will let you deposit the funds in a third-party account until the service is finalized.
4. Look for companies that have a proven track record and experience in the industry. You can find out how long the company has been operating, how many customers they have assisted, and what kind of outcomes they have attained. You can also ask for references or testimonials from former customers who have successfully canceled their timeshares with the company.
5. Look for companies that have a professional and transparent approach to their service. You can find out how the company communicates with its customers, how they handle issues or complaints, and how they explain their process and fees. You can also find out if the company works with licensed attorneys or other experts who can help you cancel your timeshare contract legally.
By following these tips, you can find the best timeshare cancellation companies that can help you get rid of your unwanted timeshare contract.