Can I cancel my timeshare contract?

Whether or not you can cancel your timeshare contract depends greatly on the circumstances of your purchase and the time that has passed since you signed your contract. Sometimes people get cold feet once they return to the reality of life back home and have second thoughts. That is quite natural and the best thing you can do is consider what attracted you to the timeshare property while you were on vacation and the reasons why it seemed like a good idea at the time. Our daily routines and humdrum lives often remind us only of our limitations rather than the hopes and plans for the future that were so dominant when we felt more like our true selves on vacation.

The truth is that it is quite difficult to cancel a timeshare contract, and anyone selling you the idea that you can default on your contract or cancel is planning to make money out of your attempts. Unless you have a legitimate reason to cancel, such as the resort was never finished, or some other obvious scam, you are going to have a struggle to cancel your contract.

Like any consumer product, you have cooling off period to raise any issues, and after that you cannot get a refund. Some dubious companies, primarily advertising on the Internet will have you believe that they can easily cancel your contract on your behalf. Their fee is the first indication to be suspicious. Whether your not your case is successful, they will get paid!

If you feel that you have a genuine legal reason why the timeshare company has not honored the contract, you must prepare all the evidence. Any verbal agreements will not be sufficient unless you have a verifiable recording. Remember that you signed a contract that is legal and binding. It is always worth contacting the timeshare operator’s complaints department before paying for legal assistance. Frequently, many reasons for canceling can be resolved easily and are caused by simple miscommunication.

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