If you believe everything that time share cancellation companies publish, you would think that time share scams are on the rise. In fact, the biggest scam in time share comes from the false promises made by time share cancellation companies claiming to be able to terminate time share ownership contracts. Many timeshare cancellation companies recognize that a timeshare can be a great investment for those who love to take vacations each year and feel as though they are part of a family but their tactics are to target those people who may be having cold feet about their purchase and who are seeking ways to terminate time share ownership.
Do you really want to terminate time share ownership?
If you are one of those people who are having second thoughts about timeshare ownership, you should make sure that you fully understand what you will be giving up if you were to terminate your timeshare contract. You must also find out if it is lawfully possible to terminate your particularly contract; the best source of information about this is to call your timeshare company as soon as possible. Talking over your concerns with an expert will most likely calm your fears.
Biggest complaints about time shares
The most aggressive timeshare cancellation companies will target time share owners and make them feel as though there are so many reasons to terminate time share ownership. For example, some of the common complaints that time share cancellation companies promote include:
- Time share maintenance fees
- Sales tactics
- Being misled about how to terminate time share ownership
- Difficulty to use and swap
The reality is that time share cancellation companies exaggerated these “complaints” in order to encourage time share owners to use their services. You will find that the top time share companies will receive very few of these complaints from genuine clients, although they may be victims of false representation by timeshare cancellation companies who target the most popular time share providers.
How to terminate time share ownership
Here are the best options you have to terminate time share ownership:
Sell your time share: If you find you have gone beyond the cooling off period when it is still possible to terminate time share ownership lawfully, you might consider selling your time share.
Transfer your time share: Like selling, you might wish to transfer your timeshare to someone else.
Donate your time share: You could donate reserved vacation time for your favorite charities to raffle or use in promotional campaigns; however, most charities will not take on your whole time share membership
Avoid time share cancellation companies
Remember, if you are no longer within the cooling-off period, you will not be able to cancel your time share lawfully. Any company that claims to do so is very likely to be a scam. Some cancellation companies will claim that they assist time share owners who have been scammed by fraudulent time share companies offering professional help without requesting any upfront fees. Yet the reality is somewhat different and you will end up paying fees for a service they cannot provide.
Do you have experience trying to terminate time share ownership? Leave a comment.