The ultimate guide to cancelling a timeshare loan in 2023
Do you want to cancel your timeshare finance? If so, we can help.
Depending on what type of finance agreement you took out when you purchased your timeshare will depend on what steps you need to take to bring it to an end.
Unsecured regulated finance agreements
If you have an unsecured regulated timeshare loan, it will be one of the following companies; Barclays Partner Finance; Shawbrook Bank; Hitachi Personal Finance; Honeycomb Finance or First Holiday Finance.
These loans fall under the 1974 credit act; therefore, they are legally enforceable unless you use the correct procedures to cancel them.
How to cancel your timeshare loan
Contacting us to make a regulated claim is the first step in cancelling your timeshare finance. A positive outcome will also mean you get back the money you have paid plus compensation. In addition, any adverse affects to your credit file will also be amended. This may be welcome news to many who are refused mortgages due to their timeshare loans.
We provide free advice on cancelling timeshare loans and do not charge any upfront fees. Therefore you only pay us if we win.
Unregulated timeshare loans
Unregulated timeshare loans are most common in the USA, Mexico and Dubai. This type of loan doesn't fall under the consumer credit act and will not appear on your credit file. Although they are easier to cancel than regulated loans, they are not covered by the 1974 consumer credit act. Therefore, we can only recover your money if you paid a deposit or made payments by credit card. Cancelling the unsecured loan along with the timeshare contract is a service we provide without the payment of any upfront fees.
If you have any questions regarding your timeshare loan, get in touch.