The RCI timeshare exchange network is the biggest of its kind on the globe. Instead of selling timeshares, RCI offers its members the ability to exchange their already owned timeshare for another at a different place. RCI timeshare locations can be found on every continent in the world and range from beachfront resorts to family-friendly vacation spots to casinos. Although very versatile, some RCI members find themselves no longer needing the timeshare exchange network for a variety of reasons. If you’re an RCI timeshare member looking to get out of your timeshare, read on to find out how to get rid of RCI timeshare.
RCI Timeshare Cancellation Options
There are many ways to go about achieving RCI timeshare cancellation, but these options vary in terms of effectiveness and speed. To figure out the best method for RCI timeshare cancellation in your specific case, you need to ask yourself a few questions. Firstly, how long have you been a part of the RCI timeshare exchange network?
If the answer to that question is only a few days to a few weeks, then you need to check into your state’s timeshare rescission period – an allotment of time that lets new timeshare owners like you cancel without any penalty whatsoever. The rescission period as you may have guessed is really short and varies state-to-state, so if you have owned your timeshare longer than the period, this will not be something worth pursuing.
Next, ask yourself if you’ve already paid off your timeshare mortgage. If so, you might consider reselling your timeshare. Unfortunately, this will most likely not work out for you unless your timeshare is one of the rare ones like Disney that actually retain value after purchased. Since RCI is an exchange network, you will have to determine the specific timeshare and brand of timeshare that you currently own. More likely than not, the timeshare will not be worth anything, but it’s worth searching for your timeshare brand on Ebay. As a general rule of thumb, if you see many ads that haven’t sold even if advertised for extremely cheap (it’s not uncommon to see timeshare ads on these sites for $1) then this method may not be worth your time.
Another option once you know the exact timeshare you own is to reach out to that independent timeshare company to see if they have any programs in place to help their timeshare owners get out of contracts early. Some timeshare companies do have “buy-back” programs for instances like this. Otherwise, it is not in the timeshare company’s best interest to allow for early cancellation.
Timeshare Cancellation Companies
If none of the above options work for you, the good news is there is another option: working with a timeshare cancellation company. Timeshare cancellation companies exist to help timeshare owners who want to get rid of their timeshares do so, usually through legal expertise.
If you are considering going this route, then it is important to be wary of the companies and do thorough research into their background, reputation, and payment options to prevent yourself from falling victim to a scam. We recommend that you select a timeshare cancellation company that lets you deposit funds first to escrow using an escrow payment option where the timeshare cancellation company only gets paid after they’ve fulfilled their obligation to cancel your timeshare contract. That way, you are protected from scammers. Learn more about escrow and why you should care here.
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