Do you want to get out of your timeshare contract because you’re tired of paying for them? Well, don’t worry because you’re not alone in this mess. Thousands of timeshare owners worldwide are currently looking to sell their timeshares since having a timeshare may be a significant financial strain. So take a deep breath if you’re scared right now because the good news is that you can still get rid of holiday Inn club vacation timeshare, and we are here to tell you how, so let’s dive in!
What is a Timeshare?
A timeshare, also recognized as vacation ownership, is a lifetime obligation to paying for yearly trips to the same motel or family of resorts. You prepay or fund a lump also yearly maintenance fees. Advance or exchange fees come into play if you want to stay somewhere different than you originally paid for. Owning a timeshare is quite hectic financially.
How To Cancel Your Timeshare Contract?
Well, there are many options to cancel your holiday inn timeshare contract. Let’s see which is suitable for your situation.
1. Take benefit if the Rescission Period
You may want to consider using your right of rescission if you recently purchased a timeshare. The rescission period is the timespan that works as a window of opportunity to cancel your timeshare contract and receive a complete refund. Rescission laws exist in every state in the United States. However, according to their timeshare location, each individual sets the length of the rescission period. For example, most conditions range from 3 to 14 days, but it may be up to 30 days depending on your timeshare’s location.
If you detect it early enough, knowing how lengthy your rescission period is, it could save you hundreds of dollars! To cancel your reservation, most resorts need a written cancellation notice. We recommend purchasing fast mail to avoid any issues. It’s a bit costly, but a few more dollars could help you save a lot of money on cancellation fees.
2. Rent Your Timeshare
Let’s say you have passed the recession period and you want some temporary solution to lower your financial burden associated with timeshare ownership. For this situation, you can rent your timeshare
through your resort or a third-party rental service. However, expect to pay the rental service price because developers have different rental limits.
3. Sell Your Timeshare
Now let’s talk about the permanent solution to cancel your holiday inn timeshare, i.e., selling your timeshare.
It is highly advised that you call your resort before making any sales choices. Because the majority of timeshare programs offer exit packages, in addition, navigating the resale market can be tricky. You could become a new resale scam victim if you’re not vigilant. Or you may not be able to sell your timeshare by default if you still owe a loan or balance on your timeshare. Another challenge you’ll have in the resale market is finding a buyer. You might believe we’re simply restating the obvious, but the majority of timeshares depreciate quickly after purchase.
You could also put your timeshare on your website, but make sure you pick a platform that doesn’t charge any upfront fees.
4. Hire a Timeshare Exit Company
Hiring an exit timeshare business is the most legal way to get out of a timeshare contract. The best option to get rid of your timeshare contract is to hire a knowledgeable team of specialists with the help of skilled lawyers. However, this option resulted in some spam, too, so you must be careful while choosing a timeshare exit company. If you want to learn more about cancelling your timeshare, you can check out this guide: How Can I Cancel My Timeshare
How To Select An Exit Company?
It’s difficult to distinguish between a reputable exit company and a scam. Checking a company’s credentials with the Better Business Bureau is the simplest method. If the target company is not recognized by the Better Business Bureau or has a poor rating, this can be a red signal. Also, many timeshare cancellation companies would try to collect upfront fees before going out of business. Even the most well-known internet businesses have a poor reputation. Rather than investing in resources to serve their clients, they spend all of their money on promotion and advertisements. To be secure, it’s best to work with a reputable firm like Linx legal. It’s a scam-free reputable company that will only accept your case if they can save you money on legal fees.
Overall, you do not need to be concerned about your timeshare cancellation because you have options to get rid of it. Many internet reviews indicate that most timeshare customers were deceived during these sales presentations. And according to our research, hundreds of timeshare scams are performed each year. So you don’t have to be concerned if you think you are the only one. Just make sure you don’t fall prey to this scam. And if you already own a timeshare, employ a reputable timeshare exit company.