Timeshare Cancellation: Is It Only For Older People?

Tuesday, September 18, 2018

Timeshare Cancellation: Is It Only For Older People?

Although timeshare companies are now marketing heavily to the younger generation like millennials who actually say saving money for travel is more important than saving for retirement, timeshares are still most commonly owned and purchased by people who are retired or getting close to that point in their lives. And even they may end up wondering how to get a timeshare cancellation.

The younger generation may be more reluctant to commit to a timeshare because it is a lifetime commitment and they have no idea what their lives will look like in ten or twenty years. They may also have a harder time coming up with a large amount of cash up front.

Millennials likely know that they’d be more likely to need to know how to get out of a timeshare if their lives changed compared with retirees who have a more stable life and clearer plans for their future.

However, if you are a retired individual, you may want to think twice before taking on the commitment of a timeshare. Even retirees with a lot of grand plans to travel and money allocated just for that purpose end up needing timeshare cancellation and aren’t always prepared to know how to get rid of a timeshare when the time comes.

Although major life changes can occur for anyone, statistically older individuals are more likely to suffer health issues, and that could be a leading reason why you can’t use your timeshare any longer.

Healthcare expenses are one of the leading causes of bankruptcy in this country. As much as we don’t like to think about it, unexpected health issues can hit any of us at any time. Unfortunately, your timeshare company won’t care if you are too sick to travel, or can’t afford to pay your fees because of all your other expenses, and they certainly won’t offer you timeshare cancellation.

If you are suffering from a health issue or someone in your family is, the last thing you should be worrying about is your timeshare fees or anything related to your timeshare.

Aside from personal health issues, married couples who plan to travel together often find themselves in a situation where their spouse can no longer travel or worse yet, their spouse passes away. If you no longer have a travel companion, using your timeshare may not be as appealing, or you may not even have the emotional strength to spend time in the same places that you used to go with your spouse. It’s completely understandable to start thinking about how to get out of a timeshare if this is something that has happened to you.

At the end of the day it really doesn’t matter why you need to know how to get out of a timeshare, what matters is that you have a good timeshare exit team to help you when you do.

No one should feel stuck paying for something they do not use especially if circumstances have changed drastically from when the timeshare was originally purchased. If your timeshare no longer serves its purpose and especially if it causes stress or financial strain you can get rid of timeshare.

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