DIY Timeshare Cancellation

Written by: Chuck McDowell Updated: Apr 05, 2024 Published: Mar 30, 2020 4 minute read

Getting out of a timeshare is not always easy. At Wesley Financial Group, LLC*, we are specialists. We have entire teams of experts who do nothing but specialize in specific timeshare companies. We have years worth of documentation, knowledge, and research to guide us through the cancellation process. Our specialists do everything from keeping up with timeshare trends to gathering data and exploring the newest unique techniques for DIY timeshare cancellation. 

DIY Timeshare Cancellation

Why You Might Want to Cancel Your Timeshare

Timeshare buyers often leave the sales pitch feeling on top of the world. Salespeople sometimes deceive innocent folks into believing that buying a timeshare is a wise investment. Alas, it is usually just a matter of time before buyer's remorse sets in. Are you curious as to why there are so many timeshare owners considering canceling

The top reasons why many timeshare owners consider terminating their purchase agreement are as follows:

  • Limited reservation slots & availability
  • Timeshare maintenance fees are expensive
  • Surprise charges and payments
  • Timeshares have no resale value
  • Nearly impossible to rent out your timeshare
  • The timeshare industry is notorious for malpractice sales methods
  • The harassment of timeshare companies pitching upgrades
  • Poor property management and upkeep (despite “coverage”)
  • Ending the trend of inherited debt

What to Consider Before Cancelling Your Timeshare

There are a few things you should consider before canceling a timeshare. Below are a few examples that are of the highest priority: 

Persistence  

The biggest reason people can’t do this on their own is that sometimes it can take two years or more. And, unless you have experience with this and know what to say, you may give up and take “no” as an answer. We know better, so we continue to fight. We don’t take no for an answer, and if we take your case, we can get you out of your timeshare agreement. 

Spam Lists 

If you call the timeshare company and try to do this on your own, you could be put on a list for other scam companies to reach out to you. The reason these scam companies can contact you could be any of the following: You have a delinquent status, you have complained to the timeshare developer, posted a complaint online, or you haven’t used your ownership. If you want to do this on your own, scammers will try to take advantage of you. 

Frequent Flags 

Because so many people want out of their timeshare, your account can be flagged and locked down for something as little as “sounding too professional.” That means the resort will immediately refuse to work with you and decline any further cancellation attempts. Other reasons we have seen this include: hiring a lawyer, complaining about financial hardships, and more.

Trends

Part of our job is to keep up with the trends. Oftentimes, Timeshares make a big push to let people out. We also know of certain programs that your case may qualify for that will result in the quickest possible termination and, in some cases, even refunds. If you don’t know about these programs, you could settle for less than you deserve. 

Don’t List It For Sale 

The timeshare company will always offer to help you list it for sale. This is a tactic they use to hold you in ownership and keep you paying fees. The fees must remain current while you are working with them to “help” you sell it. But timeshares specifically make money by selling “new” timeshares. Not old ones. You can try this for many, many months or years and not have any results. People who don’t work with an exit company will choose to do this, but this is something the timeshare does to make it look like they are actually helping their owners.

Impossible to Cancel 

The timeshare constantly says there is no way they can cancel your agreement. This is simply not true.

Last Minute Smoke & Mirrors 

Once a cancellation is negotiated, it’s important to ensure that what you’re signing is a legitimate offer. Some timeshare companies have used a similar bait-and-switch tactic during the cancellation process. At Wesley Financial Group, we have a team of trained professionals that specializes in making sure the cancellation offer given is actually legitimate and not another attempt to up-sell. 

Timeshare Cancellation Companies

If you want to cancel your timeshare and want a team of dedicated professionals to help you do just that, reach out to a cancellation company such as Wesley Financial Group, LLC.* We will ensure you qualify for our services beforehand and then give your case an individualized approach.

WFG is an excellent example of a reputable exit company that is also a pioneer of the timeshare cancellation industry. The company's track record speaks for itself. With more than a decade of experience, they have canceled 40,000 timeshares and counting. If you experienced deceptive sales tactics with your timeshare purchase and are looking for a way out, it may be worthwhile to contact WFG. Their timeshare termination services may help you achieve financial freedom. 

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*Wesley Financial Group, LLC, and its affiliates, successors, or assigns are not lawyers or a law firm and do not engage in the practice of law or provide legal advice or legal representation. All information, software, services, and comments provided on this site are for informational and self-help purposes only and not intended to substitute for professional advice, legal or otherwise.

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