Timeshare Maintenance Companies
timeshare maintenance companies
Canceling A Timeshare Contract
Needing to cancel your timeshare happens rather often. You get a letter in the mail about two free plane tickets or a phone call at home about a free Carnival Cruise or some random person sent you an e-mail about this great, cheap way to vacation. All you have to do is go sit through some 90 minute seminar and the gift is all yours. Then, before you know it, high-pressure sales tactics and calculated information receiving technologies have led another timeshare company straight into your wallet.
Now you have a timeshare and realize A. I don’t have the time to go, B. I don’t have the money to pay for these fees, or C. I don’t want to go (and I can’t really afford it). Where do you turn from here? There are a lot of steps and procedures, but eventually, you too can eventually be timeshare free.
First, let us start at the beginning. If you act quickly enough there might not even be a problem at all. From the day the timeshare contract is signed, you have some time in between three and fifteen days, (usually around seven to ten), to cancel your contract. This period of time given to the timeshare buyer by the resort owners is called the rescission period. During this time period, a timeshare buyer may actually call the timeshare company back and just tell them that you wish to cancel the contract and it’s like nothing even happened. The timeshare will successfully be cancelled and you no longer have to worry about the mounting costs associated with timeshare ownership.
For those of us who did not have the chance to realize our timeshare mistake before the end of our timeshare rescission time frame ended, there are still other options to cancel timeshare contracts. Some people opt to still call the company and ask them if they would be interested in buying back the timeshare contract from them, unfortunately, as you probably guessed, this is rather highly unlikely to happen. They never do seem to want back the timeshare that they sold you at a fraction of what its actually worth.
If the timeshare company would still not buy back your timeshare contract, unfortunately you cannot cancel it unless you can prove that they sold it to you using illegal methods. If you can do so, you can report the case to your local state Attorney General and if enough fellow timeshare owners complain against the same company in your state, you may be able to get a class action lawsuit against them and eventually cancel your timeshare. This will not get you a reimbursement on your timeshare though and it usually takes a great deal of effort and time.
If you are one the unfortunate few stuck with timeshares and their increasing costs and do not want to see those fees passed on to your children, considering going with Timeshare Relief, an industry leading timeshare transfer company full of employees who are more than happy to help you get the timeshare solution you need.
About the Author
Tracie A. Newcastle writes about the timeshare industry and focuses on learning about the ways that timeshare owners can get out of their contracts. She is dedicated to helping timeshare owners and enjoys being able to provide viable news and information related to timeshares. She has helped countless timeshare owners find what they are looking for and strongly recommends the services provided at Timeshare Relief, Inc. The timeshare experts there can provide a guaranteed timeshare exit solution service to people whose timeshare no longer suites their budget or lifestyle anymore.
If you notify company of address change and they lose it, are you still responsible for bill if nver received?
Paid once a yr bill (timeshare maintenance) for 20 yrs. Moved and sent in change of address on last bill. They lost it, and sent bill to old address. It was never forwarded. I completly forgot about it since it was a once a yr bill until I got a call from collections agency. Explained the situation and said I’m not trying to get out of paying my maintenance bill but I will not pay a collections agency fee, since it should never had been given to a collection agency. They’re logic is that it is my responsibility to pay whether or not I get a bill. Is that true?
Also, are they allowed to charge interst and report it to the 3 major credit report agencies while I’m still discussing it with them?
Pay the agency you owe the money to then they hopefully call of the collection agency. It is your fault you forgot to pay the bill! I would suggest scheduling it on your automatic bill pay through your on-line checking so a check is automatically issued to them once a year! This will avoid something like this happening again!
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