The decision of purchasing your timeshare can quickly seem unnecessary to an owner, and there are where the timeshare exit companies appear. Even though canceling the timeshare contract is not an easy task, it can be done anyway. It would be better to start the cancellation by writing a letter to a timeshare company. But you need to know some essential things about canceling your contract with a resort – keep reading to discover.
How to cancel a timeshare in a few steps?
1. Consider writing a letter
The letter related to the timeshare cancellation isn’t an email – it should be a typed letter. After you write, you need to print it out and then send it to a resort.
2. Keep a copy for your records
The proper way to keep all your requests and records of timeshare cancellation is a folder. You will need it while canceling the timeshare.
3. Write a clear message in your letter
The clearer your request is, the faster you will receive an answer. When writing a request-cancel timeshare contract, mention your request in the first two sentences.
4. Include key information in your letter
You need to mention all the important details in the request to get the wished answer related to the termination of the contract.
5. Include the name of the timeshare
You can find the names of the timeshare in a contact itself – make sure you typed all the essential details correctly.
6. Write the name of a contract holder
The name of the contract holder is listed on your contract too.
7. Mention the contract number
Again, to find out the contract number, you need to look through your contract.
8. Include the date of your purchasing
No less vital information to mention is a date when you have bought a timeshare.
9. Mention your membership ID
Your membership ID is included in your contract with a resort, so go ahead and write down the essential details.
10. Highlight the details in bold
It would be better to highlight important information to attract a contract holder and don’t hide this information in the middle of a paragraph.
11. Write down your expectation
Keep in mind that the resorts are interested in keeping the cooperation with the owners, so you need to mention in your letter that you don’t expect to resale your timeshare or utilize any other ownership opportunities. Include that you are waiting for the response from a resort within 30 days.
12. Use the certified mail to send your cancellation letter
Make sure your letter is sent to the determined address to avoid any unwanted issues, such as sending to the wrong mail, in the future.
13. Don’t be too emotional
As for the letter, use simple sentences and control your emotions. You might be dissatisfied with a timeshare, but you’d better not mention this.
14. Prepare yourself for a long process
Writing a letter of a cancellation timeshare is just a start, as the whole process may last up to 3 years. Stock up with patience, and don’t give up!
15. Use services of the professionals
Whether you doubt how to cancel timeshare, then the timeshare exit team is for you. You shouldn’t deal with that process on your own!