The Interval International timeshare exchange network allows timeshare owners to exchange the timeshare they own for another in a different vacation destination. While Interval Internation gives its members some freedom and flexibility with their timeshares, if you’re part of their network and want to get out of your timeshare, then it’s important to know you have options for doing so, even if your timeshare contract is not yet up. Since Interval International timeshare cancellation will vary based on a number of factors, you need to ask yourself several questions to determine the best method to get rid of Interval International timeshare.
Interval International Timeshare Cancellation Options
First things first: since Interval International does not sell timeshares and only allows you the ability to exchange timeshares, ask yourself what timeshare it is you actually own. Secondly, how long have you owned said timeshare? If it hasn’t been long, you may be able to get out of your timeshare contract at no penalty, completely pain and cost-free, by using the timeshare rescission period – an allotment of time where timeshare companies are forced by law to let timeshare owners who have not been a member for long get out of their timeshare, no questions asked. While the timeshare rescission period varies state-by-state, it is not long – only a few days to a few weeks.
If you’ve owned your timeshare longer than the timeshare rescission period in the state in which you purchased it, you should consider checking whether the timeshare company that sold you your timeshare has a “buy-back” program or similar to assist their dissatisfied timeshare owners with getting out of their timeshare before the contract is officially up. Usually, these programs are only for timeshare owners with no mortgage remaining, but that is not always the case. It’s worth calling up your timeshare company directly to see if they are willing to work with you, although many timeshare companies do not want to do so because they will lose money on your maintenance fees.
So, if your timeshare company does not have any programs to assist, you might wonder if selling your timeshare is a good way to get out of it. Unfortunately, the vast majority of timeshares do not hold much of their value and actually decrease majorly in value as soon as they are purchased. Unless you own a highly in-demand timeshare like Disney, selling will likely be very difficult if not impossible.
Timeshare Cancellation Companies
Chances are, working with a timeshare cancellation company will be your best bet to get rid of your timeshare. Timeshare cancellation companies employ legal professionals or experts on timeshares to help timeshare owners achieve timeshare freedom legally and permanently. Before jumping in to working with one of these businesses, however, you need to know that the timeshare cancellation industry is full of scammers manipulating the system to steal money from unwitting timeshare owners.
To protect yourself, you should only select a timeshare cancellation company with a reputable, established background that lets you pay with an escrow payment option – where your payment for their service is held in escrow to be released to the timeshare cancellation company only after they’ve successfully broken your timeshare contract. Learn more about escrow and why you should care here.
Luckily for you, we can help you find one of these legitimate timeshare cancellation companies. We’ve reviewed nearly all of the timeshare exit companies to help you select a reputable one hassle-free. If you’d like a more personal consultation, reach out to us via our contact form, live chat, or by phone for a free consultation.