It’s a sad situation, but unfortunately, a lot of people who had invested in a Wyndham Timeshare, now wish to cancel, and recoup the money they’re simply not getting the most of.
In this article, we’re going to be examining how difficult it is (if at all possible) to cancel Wyndham timeshares.
What Is A Wyndham Timeshare?
Wyndham is a US company that specializes in a variety of timeshares. A timeshare is a form of shared ownership, where numerous people own a fraction of a holiday property (for example a condo, or ski chalet). Depending on the amount of your ownership, you can spend a certain amount of time at your property each year.
What’s Wrong With A Wyndham Timeshare?
Unfortunately, these timeshares are not all they’ve cracked up to be. A lot of clients have complained about increasing maintenance fees, annual expiration of points, and not being able to access their properties when they’d like to – due to excessive demand.
So you can see why someone might want to cancel. Sadly though, a lot of people have simply been unable to.
If you do want to cancel, let’s take a look at some of the options available to you.
Certified Exit By Wyndham
So this is a scheme that Wyndham operate themselves. Should you choose to use ‘Certified Exit by Wyndham’, you’ll be able to release your timeshare (and financial obligations) safely, quickly, and – most importantly – cheaply.
There’s a catch, however. Annoyingly, it seems that not every Wyndham client qualifies for this service. If you have an outstanding debt on your timeshare loan, you will be unable to sell it through the ‘Certified Exit by Wyndham’ programme.
What To Do If You Don’t Qualify Forcertified Exit By Wyndham
Luckily, if you’re unable to utilise the company’s own programme for exiting, there are other options available to you – namely by seeking out a Timeshare Exit Company.
What Is A Timeshare Exit Company?
A timeshare exit company is an organisation that helps clients free themselves from their timeshares, as well as any future maintenance fees. If you’re unable to leave your Wyndham timeshare through the company’s programme, this is probably the best option for you to cancel a Wyndham Timeshare.
Are There Any Other Options Available To You?
Yes there are, though seeking out a timeshare exit company is probably you’re best choice. If you do choose to pursue other avenues, however, here are some suggestions:
- Lawsuits: Yes, some people have pursued this with success!
- The resale market: some people have had success reselling their timeshares (with debt) through Ebay, Craigslist, Redweek.com, Myresortnetwork.com, & Tug2.com. However, the likelihood of resale through these companies is lower than gong through a timeshare exit company.
A Final Word: Scams
Regrettably, there are some ‘scam’ timeshare resellers out there – people who charge a high upfront fee with little value, and little chance of resale. Needless to say, avoid these scammers and always seek out reputable timeshare exit companies.
