Top 2 Lesser Known Facts on How to Get Out of a Timeshare Purchase

After realizing that their timeshare is a trap, most people have one question: How can I get out of a timeshare contract? If you’re one of them, don’t panic. There are ways to get out of the situation, and we will discuss them here.

Here’s a fact: Timeshares are not the best financial investments. They are expensive and their value doesn’t appreciate over time. What’s more, timeshares cannot be rented out during the rest of the year when you are not using it—thus, they cannot generate income. If you want to know how to get out of a timeshare purchase, here are three ways:

1. Cancel within the rescission period

Timeshare sales representatives are often so good at selling the idea of a ‘fancy holiday lifestyle’ that it becomes hard to resist their offer. They can trick you into saying yes. But as you read the fine print of the contract, you realize that a timeshare costs more than what you can afford. You can still back out and save yourself if you act fast enough. Cancel it immediately within the rescission period and obtain a full refund of your initial payment. The cancellation period varies in every state, so before you do anything, make sure to review the contract and follow the state’s instructions.
2. Hire a lawyer specializing in timeshare cancellation.

This is often the best advice to the people wanting to know how to get out of a timeshare purchase legally. A lawyer specializing in timeshare litigation can better find legal ways to cancel the contract and represent you in the court if you need to file a lawsuit against the management.


About the Author

Advocate Financial Services is a Licensed Bonded Financial Educational Platform that employs to assist their customers in managing their debts. They have an experience of over 25 years in serving their customers concerned with financial and debt related matters such Consumer Debt settlements, Transfer of ownership and Timeshare Contract Cancellation. They are adept in providing strategic advice and cater trusted consultant to customers to them succeed in meeting their goals.

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