For many years, the appeal of timeshare ownership in a hot vacation spot attracted millions of buyers. However, the industry has been gaining a bad reputation. The truth is that timeshares might be suitable for some people, but the big scam about them is that timeshares are being sold using unethical methods. As a result of this, there are thousands of timeshare owners who are willing to do anything to get rid of their units. When can you cancel a timeshare contract? Read this article to find out!
Why should I cancel my timeshare contract?
Time shares are an expensive purchase, and with the economy as it is in the current time, it is difficult to maintain one. These are some reasons why you should cancel your timeshare contract:
- You will no longer have to pay any timeshares fees, such as maintenance and special assessment fees.
- You will have the freedom to vacation wherever and whenever you want.
- You will no longer have to deal with any threatening calls from the resort, trying to remember you to pay your fees
- Forget about timeshare debt collections, your credit report will no longer be affected
- You will not waste any more time trying to sell or to rent your timeshare, you will no longer be stuck with it!
Also read: Time shares, are they a good purchase?
When can you cancel a timeshare contract?
Timeshare cancellation should be done as soon as you don’t feel happy with your purchase. If you experience buyer’s remorse just a few days after you signed the contract, you should know that there is a rescission period in every timeshare contract, which depends on the country where you purchased your timeshare.
In Mexico, there is a 5 business day cancellation period. If you are still under your rescission period, you should send the resort a certified letter requesting the cancellation of your contract. However, if the rescission period has expired, it is better if you look for legal help. Beware of Timeshare cancellation companies that ask you for an upfront fee to assist to in your case.
Also Read: Timeshare Regulations in Mexico
When can you cancel a timeshare contract? - As soon as possible!
Time to cancel your timeshare contract!
At Mexican Timeshare Solutions, our associates have several years experience in the timeshare industry and are successfully able to resolve timeshare scam cases in an ethical and professional manner. The goal of MTS is to provide our clients with the best way to get out of their timeshare contract, by cancelling the contract properly so that they can vacation on their own terms. Contact us at MTS for a free consultation and analysis of your timeshare situation. We do not charge any fees until you have received confirmation that your timeshare has been properly cancelled, so you have nothing to lose, except your timeshare!
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