Timeshares have given a really hard time to many. For some, it might be an alternative to spend time at their all-time favourite spot, while it is just like a wolf in sheep’s clothing deal for others.
There can be a number of scenarios leading to HICV timeshare cancellations like preferential changes or due to any financial hit or because you just want to explore a new place. Whatever the reason might be, there is one thing that you need to keep in mind while opting for such cancellations, and that is- a legitimate way.
As they say, “there is not just one best way to deal with anything,” same goes for the HICV timeshare cancellations. Depending upon the varying requirements one has, the best way out is that which caters to your needs in the finest manner. Give this article a read to know about 5 legit ways to get out of a timeshare.
5 WAYS TO GET OUT OF TIMESHARE TROUBLE
- Get In Touch With A Timeshare Exit Company:
An exit company is always up to tackle the problems relating to timeshare purchases. When it comes to dealing with false tactics of the timeshare companies, professionals of exit companies know how to play the cards. Linx Legal is a trusted name in the timeshare exit market that is a BBB accredited firm. Their team has years of experience in handling cases of complex nature, and till date, the firm doesn’t have even a single complaint on their name.
When timeshare companies bother their customers to forcefully continue their ownership and pay ridiculous amounts in the name of maintenance and deferral fees that too when the customer is no longer in any position or doesn’t have any intention to bear it, it is high time and you must call an exit company.
There is a policy which almost every timeshare company has in working- “deed-back.” This policy allows the owners to give their timeshare back to the company if they no longer have any interest in it. However, the execution of this policy depends on the way in which timeshare companies deal with their customers. And, you’ll only get to know it when you’ll come across any such situation.
People in the timeshare exit industry have different opinions in this regard. Some see deed-back as the best way out of a timeshare for free, while to others, it is a tricky game. Some claim that deed-back is the most reliable way for HICV timeshare cancellations without spending a penny. But, there are some cases that seem to support that this might not be the case.
At the time of executing a deed-back, you have to clear all your dues. If you’ve defaulted on a maintenance payment, the timeshare company will either ask you to pay a settlement amount or will make things more twisted for you.
Some might just not exercise this policy effectively and keep you in the loop for a long period. Although, you can always go to an attorney or an exit company who can get this solved. Whether or not this process involves cost depends upon a number of factors.
- Sell Your Timeshare Ownership In The Market
You always have this option to resell your timeshare ownership. Well, if someone is interested in buying it! This is so because finding people who are interested in buying a timeshare isn’t a walk in the park. In fact, after the hit of Covid-19, there are plenty of people willing to sell timeshare, but the number of interested buyers has significantly reduced.
Nevertheless, you’ve to be careful here as some of the timeshare companies don’t allow their customers to pass on the ownership. This makes understanding the rules and framework of the company very important before buying the timeshare. Perhaps, the company with whom you’ve entered into a timeshare deed doesn’t want to lose the reputation and look forward to improving their services, or if it goes the other way round, then they just want to make you go all tired with all these HICV timeshare cancellations, that you’ll just agree to pay whatever amount they ask for it.
Either you can sell your timeshare purchase on a website, or you can contact a timeshare reseller for assistance (which, of course, means incurring the expense to get rid of this timeshare that was an apple of your eyes once). Keep this in mind that you’re reselling the ownership, so don’t expect too much because the chances of getting a win-win deal are not at all possible here.
- Cease The Maintenance Payments
This might not sound that legit, but if a company is giving you a really hard time, you can teach them a lesson. Not to mention that not paying your maintenance dues will have a negative impact on your credit score. Sometimes this could lead you to hire a lawyer to get over the legalities. But surely, if you’re not that fond of keeping up good ties with your credit score, this way is suitable for you and will put an end to the cat-mouse rattle after some time.
- Talk To The Authorised Department In The Resort:
It never hurts to be up-front about your issue with the concerned team or department. You can sort things out with your resort’s department and get out in a systematic way. If the company cares about its clientage and reputation, it’ll certainly do what is needed.
As a matter of fact, most of the timeshare companies have policies that allow the customers to turn down their ownership under the circumstances of the “recession period.”
Also, if you smell something fishy from the very start, you can cancel your purchase within 15 days after initiating it.
TIPS FOR YOU
- Never ever go with any company without prior research about its track record, be it a timeshare company, exit company, or timeshare reseller company.
- Be considerate and careful while making payments to the companies, as there are plenty of those who just make fake promises and don’t care about what you’ve lost.