Understanding a timeshare contract can be hard when you want to enjoy a holiday. Well, the policy of Holiday Inn Club Vacations can shock most people, especially when you don’t have any knowledge. It’s obvious that they are not going to tell you everything.
In this case, many people get afraid. If you have the same problem, you have to know how HICV timeshare cancellations work. Plus, knowing about the Holiday Inn cancellation policy and the lawsuit is also essential.
That’s why we are explaining everything in this article. Moreover, we are also covering the top ways to cancel a timeshare contract. Make sure you are reading each point carefully. So, let’s find out.
What is a Holiday Inn Timeshare?
Before we dig further, you have to know about the basics of a holiday inn timeshare. In simple words, a timeshare is a shared system of ownership. Well, many individuals can have it in a certain vacation spot.
Moreover, an individual has to book a vacation spot such as a resort or a property. Well, you can cancel the contract at any time as per your requirement. However, it’s not that easy as there’s a tricky holiday inn cancellation policy. Before you start the cancellation process, you have to know the policy.
Holiday Inn Cancellation Policy
Knowing the holiday inn cancellation policy is very important. Many people face problems because of not knowing the policy properly. When you are purchasing the timeshare, the rescission period can be up to 1-2 weeks.
Well, the cancellation process also depends on this period. On the other hand, some companies will ask you to submit a hard copy. In this case, you have to be aware of their timeshare contract policy.
Cause many companies to say that they are providing a non-refundable contract. Plus, if they have a reward program, they are not refunding it when you cancel the contract. However, it depends on the policy.
Holiday Inn Club Vacations Lawsuit
If you are not understanding the lawsuit, it can be very crucial in the future. Most people are facing scams while purchasing the timeshare contract. It happens when they believe that the value will increase with time.
Well, that’s not true at all. Most companies are hiding this from their clients. In this case, try not to purchase the Holiday Inn Club Vacations timeshare from a 3rd party. You can face a lot of problems later.
Top Ways to Cancel a Timeshare Contract with Holiday Inn Club Vacations
Now, you know about the holiday inn policy and lawsuit. If you are ready to cancel your contract, you have to follow some processes. In the following list, we are sharing the best ways to cancel a timeshare contract:
- Utilizing Recession Period
Most Holiday Inn Club vacation companies generate a recession period for the timeshare contract. That means you can cancel the contract during the grace period. Well, you don’t have to face the legal hassle during this time. You have to request the contract cancellation with the required documents.
- Selling the Contract
Selling the contract is another good way to cancel your timeshare with Holiday Inn Club Vacations. In this case, you don’t have to face any legal issues as well. However, you can’t claim ownership after selling the contract. Make sure you are reading the lawsuit before selling the timeshare contract.
- Requesting the Recession Period
Another good way to cancel the timeshare is requesting the recession period. In some cases, the company will not accept your cancellation application. However, you can request the recession period. You also need to send the required documents alongside an application. Well, the company will make the final decision in this case.
Conclusion
Finally, you know everything about a timeshare contract with the holiday inn club. We have shared how to cancel your contract. Make sure you are reading about the policy and the lawsuit before starting the process. For more information, make sure you are contacting an expert.
FAQs
Q: How do I cancel my timeshare vacation club?
There are several ways to cancel your timeshare vacation club such as renting it out, selling, stopping your payment, or gifting it to someone else.
Q: How much does it cost to cancel timeshare?
In most cases, canceling your timeshare can cost around $5,000 to $6,000. However, it can take more than 12 months to complete the contract cancellation process.
Q: Is IHG a timeshare?
Yes, IHG is a timeshare. They have more than 350,000 who are working in hotels and corporate offices.
Q: How does timeshare cancellation work?
After applying for the cancellation, you will have a ‘cooling off’ period. Plus, you also have to send a cancellation notice to the seller during this period.