Canceling a timeshare is no easy task, and many owners make mistakes during the process that can delay or complicate their exit. To help you avoid these pitfalls, we’ve compiled a list of common mistakes that timeshare owners make when trying to cancel their Preferred Guest Resorts timeshare and how to avoid them.
Mistake 1: Not Understanding the Terms of the Contract
One of the most common mistakes is not fully understanding the timeshare agreement. Before attempting to cancel your Preferred Guest Resorts timeshare, make sure you thoroughly read the contract and understand the terms related to cancellation. If you’re still within the cooling-off period, the process is typically simple, but if you’re beyond that, understanding your contract will help you determine the next steps.
Mistake 2: Waiting Too Long to Act
The longer you wait to cancel your timeshare, the more difficult the process can become. Many timeshare owners procrastinate and miss the cooling-off period, which can limit their options. To avoid this mistake, act quickly and start the cancellation process as soon as you decide that you no longer want the timeshare.
Mistake 3: Attempting to Cancel Without Proper Documentation
When you request to cancel your timeshare, it’s essential to submit all the required documents and follow the specific procedures outlined in the contract. Not submitting the right paperwork or not adhering to the resort’s process can delay the cancellation. Be sure to get everything in writing and keep a record of all correspondence with Preferred Guest Resorts.
Mistake 4: Ignoring Professional Help
Some timeshare owners believe they can handle the cancellation on their own, only to realize later that they need professional assistance. If you encounter resistance from the resort or if the process becomes complicated, consider hiring a timeshare exit company or consulting with a lawyer who specializes in timeshare law.
Mistake 5: Not Following Up
After submitting your cancellation request, don’t assume the process will happen automatically. Make sure to follow up with Preferred Guest Resorts to ensure that your cancellation is being processed. Keeping track of all communication is essential in case there are any issues that need to be addressed.
By avoiding these common mistakes, you can increase your chances of successfully canceling your Preferred Guest Resorts timeshare.
