How to Legally Get Out of a Timeshare Contract

Posted by David W. Bates on July 4th, 2016

Consumer protection laws exist to defend you against deceptive and unfair business and sales practices, which are commonly used by timeshare sales representatives to encourage you to buy within the arrangement. They use these misleading tactics to make a timeshare seem like a great investment that can fetch huge returns. If you think you may have been tricked into buying timeshares and you wish to out, here’s a good news: it is possible to get out of the timeshare contract legally. With consumer protection laws, you have the freedom to dispute the contract due to breach or consumer rights violations. The law says that if unfair or deceptive practices were used for financial gain, you have every right to receive a fair settlement as long as there are warranted claims. Here are tips on how you can legally get out of a timeshare contract:

• Understand your options – When getting out of a timeshare contract, you usually have a choice between canceling and terminating it. Cancellation occurs when you want to end the contract by breach. The effect is similar to a termination, except that you have any unperformed balance and remedy for the breach which are still retained by the canceling party. Breach of contract, by law, may release you from obligations under that contract. Termination occurs when you end the contract for reasons other than breach.

• Decide early – If you have recently purchased your timeshare, it may still be under a cooling off period or rescission. You may cancel the contract and get your deposit back during this time. Once that period is over, the company might have you believe that you cannot cancel the contract anymore and that you are perpetually bound to pay the increasing maintenance fees for ownership. This is not true. You can still get out of the contract, but the process becomes considerably more complicated. 

• Find an attorney or law firm that specializes in cases like this – Timeshare law is a specialized area that requires proper legal representation. With a specialist, you can easily and legally terminate your contract successfully. Consider hiring lawyer if your cooling off period has expired or if the timeshare company is making it difficult for you to get out of your contract, even if the grace period is still in force.

• Use a timeshare termination service - More than 1.2 million licensed attorneys are practicing in the US, but less than one percent of them are specialists in timeshare law. The best way to find these lawyers is to work with a timeshare termination service provider than connect you with the finest and most experienced timeshare cancellation attorneys and law firms.

About the Author:-

Advocate Financial Services is a Licensed Bonded Financial Consulting Firm that employs to assist their customers in managing their debts. They have an experience of over 25 years in serving their customers concerned with financial and debt related matters such Consumer Debt settlements, Transfer of ownership and Timeshare Contract Cancellation. They are adept in providing strategic advice and cater trusted consultant to customers to them succeed in meeting their goals.

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