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How To Get Out Of A Wyndham/Worldmark/Shell Timeshare Safely
Recommended Timeshare Exit Companies
How To Get Out Of A Wyndham/Worldmark/Shell Timeshare Safely
- January 13, 2022
Table of Contents
How To Get Out Of A Wyndham/Worldmark/Shell Timeshare Safely
Wyndham is known to be one of the largest timeshare companies in the world, operating more than 245 vacation club resorts across different countries, with their headquarters located at Orlando, Florida.
Interestingly, the company (Wyndham Destinations) functions through a variety of brands, which include: Club Wyndham, Worldmark By Wyndham, Shell Vacations Club, as well as Margaritaville Vacation Club, among others.
What is more, Wyndham Destinations was recorded to have more than 867,000 clients or property owners currently. As a matter of fact, a foremost timeshare exchange network, RCI (Resorts Condominium International), is part of Wyndham, further emphasizing how big the company is.
However, if you are an owner of any of Wyndham’s timeshares, you may be interested in cancelling your contract. This could be because you no longer have the chance to travel as much as you used to or you’re going through certain financial difficulties. You might even be experiencing buyer’s remorse.
It is no news that timeshare sales reps are fond of employing hard sales tactics to get new clients. Usually, they lure unsuspecting persons into attending sneaky sales presentations that typically take more time than promised. They also provide misleading information or half-truths just to get clients.
Wyndham, like other timeshare companies, is not a saint in this case. There have been complaints that their sales representatives use all sorts of gimmicks. There have also been complaints that the promises made by these salespersons are not fulfilled, in addition to the issue of maintenance fees that wouldn’t stop increasing.
What Are Wyndham’s Customer Reviews Like?
A look through various customer review websites reveals that Wyndham seems to have many dissatisfied clients. The comments from customers, as well as the overall ratings, tend to be filled with complaints and such.
The company currently has over 800 complaints on the BBB (Better Business Bureau) website. On the ConsumerAffairs website, the company has a 1.1/5.0 rating based on a total of 111 reviews. On another website known as ProductReview, Wyndham gets a rating of 1.4/5.0 based on 197 total reviews.
How about Yelp and Trustpilot? Well, it’s not a different ball game. Wyndham’s rating on Yelp is 1.0/5.0 from 212 customers, and on Trustpilot, it’s 1.4/5.0 from a total of 62 clients. On SiteJabber, the company has a 1.4/5.0 rating based on 68 customer reviews.
From these review, a number of customers have accused the company of dishonest practices and unfulfilled promises, mostly due to the pressurizing marketing tactics which timeshare sales reps are typically known for. In addition to this, customers have complained about the company’s customer service also, among other issues.
Altogether, it seems you might have tenable reasons to terminate your timeshare with Wyndham if you already own one. If you are seeking to get out of your timeshare contract, rest assured that there are various ways to achieve that successfully.
Getting Rid of Your Wyndham/Worldmark/Shell Timeshare
Generally, for you to terminate your Wyndham timeshare contract successfully, all you need is to act fast and be well informed as well. Fortunately, there are several means through which you can get rid of your timeshare.
• Taking Advantage of the Rescission Period
If you recently purchased a timeshare from Wyndham, then your right of rescission might still be available to you, as applicable under what is known as the Truth in Lending Act (TILA).
Usually, the rescission period, otherwise known as cooling off period, may last up to 14 days or more, depending on the specific laws of the state or country in which a timeshare has been purchased. As such, different US states have different provisions regarding their rescission laws.
What this simply means is that you need check the state laws applicable to your timeshare situation. This way, you get to know the amount of time available for you to rescind your contract.
It might also profit you to check through your contract document carefully for any helpful information in this regard. Indeed, this will save you from being ignorant and could provide processes for how to do it appropriately.
Generally, rescinding a timeshare contract during the cooling off period may only require that you send a cancellation letter to the concerned resort. After the letter is processed, timeshare contract will be terminated, and you will receive a full refund of your money.
• Exploring the Wyndham Cares Program Options
When it comes to timeshare contract termination, one interesting thing about Wyndham is that they have a dedicated program to that effect. So, in case you missed the rescission period, you may take advantage of the Wyndham Cares program.
Under this program, there are two relief options you can choose from. They include the Certified Exit option and the Featured Resellers option. The Certified Exit option is an upgrade to a former program known as Ovation, and they help you cancel your contract officially.
Through the Featured Resellers option, Wyndham helps you get your timeshare sold through certain resellers already vetted and approved by them. Using this method, you wouldn’t have to go about seeking buyers or resellers by yourself.
To get more information or ask necessary questions regarding the Wyndham Cares program, we advise that you give the company a call. Be careful not to fall victim to their sales representatives in case they attempt to lead you into buying more points.
• Reselling your Timeshare Through a Resale or Brokerage Company
If for any reason, you are unable to use the Wyndham Cares program, then you may as well choose to enlist the service of a timeshare resale or brokerage company.
Be careful, though. Reselling a timeshare is usually not as easy as it may seem; this is because timeshares don’t increase in value. Typically, a timeshare loses more than 50% of its value immediately after purchase, unlike traditional real estate.
Knowing this, you should be careful in dealing with resellers. It is advisable that you avoid timeshare resale companies that request upfront payment. Such companies are mostly out there to scam you out of your money. An honest reseller should request payment only after successful resale.
Another resale option you may want to consider is to list your unwanted Wyndham timeshare via one or more advertising platforms such as Craigslist, RedWeek, Sell My Timeshare Now, Facebook Marketplace, eBay, and the like.
We must reiterate, however, that timeshare resale is generally not an easy venture, as many timeshares are listed for a price as low as 1$ on various listing websites. Really, taking this route does not seem advisable.
• Hiring a Reputable Timeshare Exit Company
Besides making use of the rescission period and Wyndham’s official exit program, hiring a reliable timeshare exit company is your best bet if you want to get out of your Wyndham timeshare contract effectively.
The beautiful thing about timeshare exit companies is that they help distressed timeshare owners through legal means on a case-by-case basis. They employ timeshare lawyers and experts who are well experienced in the field to execute the task of terminating unwanted contracts.
A reputable timeshare exit company would normally try to understand your situation through a free consultation session, after which they get to decide what’s best for your unique timeshare situation. This helps ensure effectiveness.
Unfortunately, though, there are a number of timeshare exit scams in the industry. This is why we always recommend timeshare exit companies that make use of the escrow payment option. With escrow, there is a hundred percent risk elimination because your payment will not be released until the company completes the job.
Conclusion
All in all, you should bear in mind that the successful termination of your Wyndham/Worldmark/Shell timeshare may be dependent on how fast you act. Likewise, you may have to be smart in your decisions and be well informed regarding information about your timeshare ownership and its cancellation.
Note that there are cases where timeshare developers make sleazy attempts to sell more points to clients who contact them for cancellation, so you may need to be careful if you ever try contacting your timeshare resort.
Of course, outside from relying on your timeshare developer for help, the rescission period remains one great chance that a new owner can take in the first few days of purchasing a Wyndham timeshare. Should you miss this opportunity, then we recommend that you hire a tried and tested exit company.