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Cancel a timeshare, what are the advantages?

Cancel a timeshare, what are the advantages?
15 Nov 2012
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The timeshare industry has been into the lion’s mouth for the last couple of years, and it has generated lots of controversy and discussions in many forums and blogs on the web. However, since we’re living an economic downturn, anyone would expect that the timeshare sales collapse, but instead of that the sales seem to be increasing… but this comes with a trap: timeshare scams are increasing too. That leads us to the question: then, why keep people investing on timeshares?

Well, the first thing we have to understand is that timeshares are not investments, but a purchase that requires lots of expenses a year. The thing is that the timeshares salespeople use rhetoric as a massive weapon, bombarding the potential victims with lies and practically pushing them into getting a property. So, for those who already fell for a timeshare scam you might ask yourselves: how to cancel a timeshare? Is it a viable option? Find out the answer for those questions by reading the rest of the article.

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Cancel a Timeshare – Why is it the best option?

Many owners don’t know how to get rid of their properties, and a big part of them have been trying to do it for years. They were told that they could rent their units out and even make a profit, or that they could resell the timeshare very easily and for a bigger value. That sounds like a good deal, doesn’t it? But then, if you take a look at EBay, you’ll see several timeshare offers for a buck or even less! That’s because renting or reselling a timeshare is not an easy task at all, in fact, it is almost impossible. Therefore, to cancel a timeshare becomes the easiest way to dump a property.

Cancel a Timeshare – The advantages

There are numerous advantages when you cancel a timeshare. It is not only the easiest way to dump a timeshare, but also the most effective solution.  We’ll give you ten reasons for you to think about why to cancel a timeshare is an efficient alternative:

  1. No more threating calls
  2. No more maintenance fees
  3. No more attachments to the company
  4. No more unnecessary responsibilities
  5. No more debt
  6. No more special assessments fees
  7. No more credit problems
  8. Freedom to go anywhere
  9. Financial stability
  10. Sense of relief

For those reasons, among others, we consider that timeshare cancellation is an efficient alternative.

How to cancel a timeshare?

how to cancel a timeshare

Every timeshare contract must mention a rescission period that goes normally from 5 to 10 days, depending on the regulations established on the place where you bought the property. In Mexico, that rescission period is on a 5 day record, then you have 5 days to inform the company that you want to cancel the contract. Nevertheless, in most cases people look to cancel the timeshare when the cooling-off period has already past.  In those cases it is advisable to contact an expert. There are various timeshare cancellation companies who claim to help people who are victims of a timeshare scam, but still many people don’t trust these companies, which is completely understandable being that the timeshare industry is full of scammers, that is why is always important to research on a company before making any kind of deal with it. You also have to remember that to cancel a timeshare you don’t have to pay an upfront fee. Mexican Timeshare Solutions works under a contingency basis and only collect fee if the contract is fully cancelled, otherwise, no fee is charged. Contact MTS for a free consultation and s full advice on your timeshare matter. It’s time for you to get away from that contract.

Information to share

If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?

  • Share this link http://www.timesharescam.com/blog/110-cancel-a-timeshare/ on your favorite blogs and forums

 

Leave your comment below and share your opinion with us. To know more about timeshare scams go to: Timeshare ownership

Leave your comment below and share this post on Twitter and Facebook to prevent others from becoming victims of timeshare fraud. 

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24 Comments
  • NataliaJuly 18, 2014, 2:10 pm

    el deshacerte del estres y de estar perdiendo tu dinero en algo absurdo es para mi una gran ventaja

  • william cesar solis camposJuly 2, 2014, 12:44 pm

    muy buenas tardes, Yo soy de reynosa tamaulipas mexico, y en junio de el ano 2012 adquirimos un tiempo compartido de el resort Mayan palace y tambien nos enganaron con mentiras y verdades a medias, y he estado checando el contrato y en ninguna seccion viene el plazo de los 5 dias para cancelacion de el contrato pudiera apelarse algo por ese conducto, fijese que ya hemos dado algo de dinero en las mensualidades yevamos aprox 2 anos pagando.. estare pendiente de su respuesta gracias..

  • MarciaJune 24, 2014, 3:37 pm

    I need to cancell my timeshare, but already pass 4 month, I want to cancelled because they said all was a lie.

  • MarciaJune 24, 2014, 3:37 pm

    I need to cancell my timeshare, but already pass 4 month, I want to cancelled because they said all was a lie.

  • PatyApril 4, 2014, 3:34 pm

    dejar de pagar algo innecesario siempre es una gran ventaja!!!

  • CeejadeMarzo 24, 2014, 2:35 pm

    This is really one good article. It could really be frustrating sometimes to sell timeshares because majority of the timeshare owners also want to get rid of it because of the high maintenance fee that you have you pay annually.

  • RogerMarzo 18, 2014, 12:07 pm

    no more problems and stress, that's more than you can ask!

  • CristinaMarzo 3, 2014, 10:04 am

    desde que mencionan el "cancelar" ya es una ventaja, creanme, tener un tiempo compartido, es un martirio

  • BlakeFebruary 21, 2014, 3:50 pm

    It’s sad to say that the timeshare owners wanting to get rid of their properties are very vulnerable to these scams as most of them are desperate already in getting rid of their timeshares.

  • RobintFebruary 18, 2014, 12:18 pm

    My husband defaulted on timeshare unfortunately back in 2009. We are now in the position to settle the debt. The timeshare company said it would note our credit report as ZERO balance paid in full. We were told by a builders' mortgage company that even with this verbiage on our credit report we still have to wait 3 years before we would be able to be approved for mortgage because defaulting on a timeshare is the same as a foreclosure. This is the only thing on our credit that is preventing us from building. Is this true?

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