Your financial standing can change at any time. What were luxury expenses can soon become financial nightmares. Timeshare ownership is one such expense. However, not many people can exit timeshares despite being burdened because of the mix of information available about timeshare cancellation. If you want to exit a timeshare but cannot do so because of something you’ve heard or are told, take time to verify what you know are facts or myths. You’ll be surprised to learn a lot you know is just a myth.
This blog busts some of the most common myths about timeshare cancellations to help you make a wise decision.
You Can’t Cancel Your Timeshare After the Cooling Period is Over
The cooling period is when you can cancel your timeshare without facing any financial or legal consequences. This period can be anywhere from 3 days to 15 days. The most common myth about timeshare cancellations is that you can’t cancel your timeshare after the cooling period is over. That’s not true. You definitely can exit the contract even if the cooling period is over. It just becomes more challenging. A timeshare cancellation company can assist you in exiting a timeshare by exploring alternate options.
You Can Easily Sell Your Timeshare
Did the vacation resort tell you you can sell your timeshare anytime you think you don’t need it anymore? Most timeshare companies say that. While selling your timeshare is an option, finding a seller isn’t so easy. Many vacation resorts offer attractive packages and incentives to new timeshare owners, and people are more inclined to buy a timeshare directly from the company than from existing owners. Moreover, the number of sellers is usually more than the number of buyers, which is another challenge.
Timeshare Cancellation Companies are Scams
You may have heard multiple times that trying to cancel your timeshare is impossible, and if a company claims to help you, they’re scams because it’s impossible. That’s a myth. Not all timeshare cancellation companies are scams. Cancelling your timeshare is possible, and the right professionals can help you exit a timeshare contract. You can’t overlook the presence of scams. That’s an ugly truth. You need to do your research before you share the details of your case with any company that claims to be able to assist you in this regard.
Maintenance Fee Doesn’t Change
Do people tell you that timeshare investments don’t require any additional payments once your dues are clear? That’s a myth. You’re required to pay maintenance fees. No matter how many people tell you that the maintenance fee doesn’t change, don’t believe them. It increases with time.
Timeshare Exit Company You Can Trust – Exit Protect
With so many misconceptions and misinformation about timeshare cancellations around you, you may be clueless about who to turn to for timeshare cancellation services. Fret not. At Exit Protect, we offer you the protection you need when canceling your timeshare ownership. We ensure you don’t have to carry a financial burden simply because you don’t see a way out. We’re here to make an exit plan for you. Get in touch with us today, and let us help you.