Common Timeshare Contract Loopholes
You should never believe what timeshare salespeople have to say. These field experts are skilled at getting you to believe falsehoods and imagined promises. They’re good at selling people on dream vacations when the reality is actually a nightmare. These individuals may also spread lies about exiting a contract. For this reason, you should read about these common timeshare contract loopholes if you want to get out of things before it’s too late.
Rescission Letter
The best way to get out of a timeshare is to send a rescission letter through certified mail. You must say that you wish to exercise your buyer’s right to cancel the agreement. Be sure to include the agreement number and send the letter within the state’s allotted grace period. If you follow these rules, you could avoid making one of the worst mistakes of your life.
The First Seven Days
The first seven days after you sign a timeshare contract are crucial because that’s typically the grace period most states allow to get out of your contract. During this time, you should record all of the resort’s questions and actions to prove any misgivings that might work in your favor toward cancellation.
Pro Tip: Sunday can never count as your last day to cancel. Keep this in mind, so you don’t get trapped in a situation you want to remove yourself from.
If you’re thinking about signing a timeshare contract, you should seriously consider these common timeshare contract loopholes. There’s a strong chance you’ll want to cancel your timeshare after signing on the dotted line because they can ruin your financial future. Follow these rules and work with a trusted timeshare exit company—like Preferred Cancellation Services—to help get you out of this tricky situation.
Preferred Cancellation Services has been working tirelessly for years to get people out of their timeshare contracts. We understand how manipulative timeshare salespeople can be, and we aim to expose the truth. Our primary goal is to secure your financial future before you lose every penny.