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Reasons It’s Smart to Hire a Lawyer to Cancel your Timeshare The fact that almost 7% of households in the U.S. own at least one type of timeshare product is a testament of how popular this kind of property ownership is. But as expected, majority of those that own one belong to families that earn at least $100,000 in annual income. There’s no denying that there are perks and benefits if you invest in timeshares, and this is quite true for people who have the money to spare to pay for them. But then again, there are those who eventually realize after paying for several months that they no longer are capable or interested in honoring the responsibility of owning a timeshare. Well, the fact that you’re here means you probably are one of those people who wants a safe and legal way out. The moment the payment obligations start piling up, you finally get overwhelmed by them, including the interest payments and maintenance fees. For you to get the relief you need from the obligation, you need to hire experienced and highly competent timeshare exit attorneys. Here are the reasons why you should: 1 – First, you must understand that the always applicable to cancelling timeshare commitments differ from one state to another. The problem most people have with their timeshare investments is that they likely may have purchased one in another state different from where they reside. You therefore need to tap the services of a well-informed and competent lawyer who knows a thing or two about your case, more specifically on the rescission period and other pertinent laws.
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2 – It’s best to have an expert write the letter for the cancellation of your timeshare contract. It’s quite obvious that whenever you decide to cancel any kind of existing contract, it needs to be done in writing. But then again, this letter you’re supposed to make isn’t just like any other business or friendly letter. A lawyer will be the one to assist you in creating an error-free letter and with substance. Remember that the most important part of that letter is the cancellation statement, which you must be very particular with.
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3 – By hiring a lawyer once you decide to get out of your timeshare, you give yourself protection against the harassment from debt collectors. Because there will be pending fees and payments once the cancellation process begins, you might find yourself getting nagged and pestered by debt collectors pressuring you to pay your obligations; in turn, this could be very stressful to you. If you have a lawyer defending you, those collectors will eventually back down, especially once you realize you actually are protected by the Fair Debt Collection Practices Act, which specifically states that you can’t be harassed in any way by debt collectors.