Timeshare Relinquishment

If you have a timeshare that you no longer want or can no longer afford or make use of, you may seek the help of a timeshare assistance company to help you get out of it. You may even receive an unsolicited call from a company claiming to be able to free you of the responsibilities of the yearly payments. They may at this stage ask you for money up front or they may offer to get you out to a tourist destination to discuss this with a rep.  Either way, you may end up paying large sums of money, sometimes walking away with a different type of product.  There is also no guarantee that your old timeshare is taken away and consumers often find out later that the original timeshare is still active and they are liable for ongoing maintenance charges, even though the company may have provided documentation that looks as though the timeshare has been relinquished. 

Remember!  If you want to get out of a timeshare first consult the terms and conditions and see if it has an end date.  If it doesn't then you should contact the timeshare provider directly and ask them if it is possible for them to take it back.  In our experience, some companies are happy to do this. There may be a one-off fee involved but this is usually a lot less than a third-party company would charge and you will have the certainty of knowing that you are no longer liable for any further charges.