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4 Factors That Play A Role In Cancelling Your Timeshare Contract

cancelling your timeshare

May 8, 2020 – by Primo Management Group

cancelling your timeshare

The reason agencies insist on you contacting them for a free consultation to cancel your timeshare is because there are several factors that need to be discussed to see not only if it can be done, but how long it will take. Not all timeshare deals are the same and it requires an experienced person to take the time to go over the situation to understand whether or not you have options in this matter. The free consultation can take place in chat through the website or over the phone, but it’s needed to get the facts about your situation and help you to set realistic expectations. Here are four things that will play a role into whether or not your timeshare can be cancelled.  

Location

If the timeshare is not in the United States, then you have a very small chance of getting it cancelled. The reason is because there are fewer regulations that have to be followed by resorts overseas which means you have less protection. Certain states offer better opportunities to get the agreement cancelled than others as well.

Company

The company that owns the property and is holding the agreement will play a big role in this matter as well. Keep in mind, it’s not the company that marketed to you, it’s not the company that met with you and sold you on the deal, it’s not the people who manage the property or even the people who take your money every month. That’s why you have to know exactly who you are dealing with and who to contact when you want out of this agreement.

Mortgage

If you had to take a mortgage or loan out to cover your costs for the property, then chances are it’s going to make things even more difficult. The reason is because whomever the loan is with will insist that they are paid in full.

Fees

Monthly fees are another thing that can slow down the process and make it more difficult to cancel the agreement. If you owe hundreds or thousands of dollars then you are already at a disadvantage and this may make the process take longer. While you understandably do not want to pay another dime for this property, being behind in fees is actually a disadvantage for you.

The best way to know if you can get your timeshare agreement cancelled is to take the time to go over your situation with an expert team.

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Frequently Asked Questions ?

How does PMG get me out of my timeshare contract?

PMG is not a resale, transfer, or donation company. We are consumer advocates—we help to negotiate the release of your timeshare contract obligation. We do not buy, sell, or rent your timeshare. Simply put, we help you to get out of your timeshare contract forever.

How long does the process usually take?

Usually less than 12 months, but it all depends on your situation. If your timeshare is free and clear with no mortgage, then the process may only take 3-9 months.

Speak to your advisor about the time, and what delays the resorts have put into place to prevent timeshare owners from departing their ownership. If you have a mortgage or past due maintenance fee, the process takes more time.

How much is my timeshare worth?

This is probably going to hurt, but whether you paid $5,000 or $50,000 for your timeshare, the IRS values all timeshares as worthless investments. In addition, that timeshare would have negative value due to the annual maintenance fee bill which compounds year after year. That is until PMG helps you cancel your timeshare.

Can I use your service if I still have a balance owed on my mortgage?

Yes. Whether you bought your timeshare 20 days ago or 20 years ago, PMG has a solution for you and is here to help.

Will my name be off the timeshare?

Yes! Permanently! GUARANTEED!

In addition to getting me out of my timeshare, can you recover the money I’ve already spent on mortgage payments and maintenance fees?

While we are able to recover money in rare cases, beware of any timeshare cancellation company that entices you with the promise of fund recovery. The truth is, timeshares are loath to give back the money they’ve already taken.

Are your consumer advocates really “consumer advocates”, or is that just a fancy word for salesperson?

Because most of our clients have had their trust betrayed by timeshare salespeople, we understand how some consumers can become a bit jaded. When you call us for a consultation, that’s exactly what you get, a consultation. At PMG, our job is not to sell you; our job is to help you get out of your timeshare. Which is why we have numerous 5-star reviews and an “A” (excellent) rating from the BCA.

Why should I choose PMG to get me out of my timeshare?

We pride ourselves on providing our customers with the best customer service in the industry. When you contact our company, you speak to a live person, not an automated system or voicemail. We go above and beyond for our customers by helping you to protect your credit and even repair your credit if needed. We offer a 100% money back guarantee, and we can provide documented proof of our success in helping customers just like you.

What happens after I sign up with you? Will I be apprised of your progress?

At PMG, we pride ourselves on our hands-on, boutique-style customer service, so every new client is assigned a case manager whose job is to keep you in the loop throughout the entire cancellation process. Your case manager is always just a phone call away.

How much is your fee?

Not all timeshare experiences are created equal. Some are more complicated than others, and every situation is different. That’s why our trained timeshare elimination consultants will ask you a series of questions designed to determine exactly what needs to be done to terminate your timeshare, how long it will take, and how they can best advocate for you. We will always seek the most cost-effective route for you.

What if I still have more questions?

Canceling a timeshare contract is not a cookie cutter process. With each situation being unique, once you complete the form below an experienced consumer advocate will call you today to discuss your options.