FAQs

Eligibility for timeshare cancellation is determined by the specifics of your purchase. Factors that often qualify individuals include misleading sales presentations, the use of high-pressure sales tactics, or failure by the developer to disclose crucial information. A consultation is typically necessary to assess your eligibility.

The duration of the timeshare exit process can vary significantly. Factors influencing the timeline include the specific resort, terms of the contract, and the legal approach required. Typically, reputable companies resolve cases within six to 18 months. However, exits involving legal proceedings may extend beyond this timeframe.

When managed correctly, most timeshare exits do not negatively impact your credit score. Credit issues generally only arise if owners discontinue required payments before receiving professional confirmation that it's safe to do so.

It's generally advisable to continue paying maintenance fees until your exit is officially completed. Prematurely stopping payments can lead to collection issues. Your exit company will provide guidance based on the specifics of your case.

The structure of timeshare exit companies can vary. Some operate as full-service law firms, others collaborate with licensed attorneys, while some function as consulting or advocacy groups. It's important to verify who will be handling the legal aspects of your case.

The cost of timeshare cancellation varies based on factors such as contract complexity, resort policies, and whether legal action is necessary. Fees typically range from $3,000 to $10,000. Reputable companies offer transparent, flat-rate pricing without hourly billing.

Many exit companies provide conditional guarantees in the event they are unable to successfully complete the cancellation. It's crucial to carefully review the terms and ensure that any guarantee is provided in writing.

The resale market for timeshares generally offers little to no value. Successful resales are rare, typically limited to high-demand weeks at premium resorts. For the majority of owners, cancellation often presents a more viable option.

To initiate the process, commonly required documents include your original contract, any loan or financing documents, maintenance fee statements, correspondence with the resort, and identification documents.

To verify the legitimacy of a timeshare exit company, consider factors such as Better Business Bureau (BBB) ratings and reviews, transparent pricing and written contracts, use of licensed attorneys, absence of unrealistic promises, and verified success stories or case results.