How to Cancel Buydistressed.com Subscription in 2 Minutes
BuyDistressed.com offers products and services to help real estate investors find distressed properties and non-performing loans. Canceling your BuyDistressed.com membership is easy. If you signed up but want to cancel, just follow these steps:
Log into your BuyDistressed.com account. Go to the “My Account” section. Find the cancellation link and click on it. Confirm you want to cancel your membership. Your cancellation will be processed immediately. You will not be billed again.
That’s all there is to it! Canceling your subscription is a quick and straightforward process through your account dashboard. If you are still struggling to cancel it? Follow my guide to delete step by step.
Overview of Buydistressed.com Products
Before diving into cancellation details, let’s quickly review the main products and subscriptions offered by buydistressed.com:
- BankProspector Software – This industry-leading software helps you find and connect with institutional sellers of non-performing notes and REO properties. It’s the core product offered by buydistressed.com.
- Bank Direct Mastery Training – This is buydistressed.com’s training program that teaches you strategies for sourcing distressed real estate assets directly from banks and lenders.
- Verified Investor Database – By listing your investment criteria in this database, you make it easy for other members to find you when they come across potential deals.
- Loan Acquisition Suitability Evaluation – This add-on assessment tool for current members analyzes the numbers on a prospective note purchase to determine if it meets your required return thresholds.
- Membership Packages – Buydistressed.com offers bundled packages that give you access to software, training, and the investor database based on your business needs.
Now let’s look at how to cancel each of these products or services.
Step-by-Step Guide to Cancellation
Cancelling your buydistressed.com subscription is straightforward if you follow these steps:
1. Log into Your Account
First, log into your buydistressed.com account.
2. Go to Account Settings
Once logged in, click on “My Account” in the top menu.
3. Navigate to Subscriptions
On the left side of your account page, click on “Subscriptions” under Membership.
4. Click “Cancel”
For the subscription you want to cancel, click the “Cancel” button on the right side. This will open up cancellation options.
5. Choose Between Pausing or Cancelling
After clicking “Cancel”, you will see options to either “Pause Membership” or “Cancel Membership”.
Choose “Pause” if you only need to temporarily suspend your membership for up to 6 months. You can easily resume a paused subscription later.
Select “Cancel” if you want to permanently cancel and end your subscription. Keep in mind canceled subscriptions result in loss of all data.
6. Select Cancellation Reason
If canceling, you will be asked to provide a reason for cancellation from a drop-down menu. Choose the option that best reflects why you are leaving.
7. Follow On-Screen Prompts
After picking a cancellation reason, follow any additional prompts that appear to fully complete the cancellation process. The platform will walk you through any final steps.
8. Check Account Page
Once cancellation is complete, revisit your account page. Under “Subscriptions”, your canceled subscription should now show a status of “Cancelled” with the effective cancellation date.
Pausing vs. Cancelling
When considering whether to pause or cancel your subscription, keep the following differences in mind:
- Pausing puts your account on hold for up to 6 months. Access to products/services is suspended but data is retained.
- Cancelling permanently ends your subscription. All data associated with that subscription is deleted.
If you might restart your membership down the road, pause instead of cancel. But if you are sure you are done, canceling is the way to go for a clean break.
Refund Eligibility
Canceling your subscription does not automatically entitle you to a refund. However, you may be eligible for a partial refund depending on your situation:
- If you cancel within 14 days of signup, you can request a full refund by contacting support.
- If you cancel after 14 days, you may be eligible for a prorated refund for any unused portion of a prepaid term. You must request this via email or the site’s help beacon.
- Refunds are only issued to the original payment method used at signup.
Review buydistressed.com’s refund policy or contact their customer support for full details on refund eligibility criteria.
Buydistressed.com Membership Options
Before canceling your subscription, consider whether a different membership option better suits your current business needs. Buydistressed.com offers a range of bundled packages:
| Membership Type | Details |
|---|---|
| 30 days Trial Membership | – Full access for 30 days for $1.00 – If not canceled, billed $49.60 on day 30 – Continues monthly billing until canceled |
| Standard Membership | – $49.60 billed immediately upon registration – Continues monthly billing until canceled |
| Annual Membership | – $179.00 billed immediately upon registration – No need to cancel, one-time fee<br>- Must re-register after one year for renewal |
Their team can help you identify the ideal membership plan based on your investment activity, budget, and goals. You may be able to downgrade your account to a lower-priced package rather than fully cancel.
How to Cancel Your Account Entirely
If you want to completely close your buydistressed.com account, you will need to:
- Cancel All Subscriptions: Follow the steps above to cancel any active subscriptions individually.
- Request Account Closure: Email support or contact via live chat to request deletion of your account and all remaining data.
- Provide Account Closure Confirmation: Buydistressed.com will confirm via email once your account is fully closed.
Canceling all subscriptions essentially deactivates your account, but full closure requires contacting their team. Make this clear in your request to avoid any confusion.
Alternative Ways to Cancel
While managing cancellation through your account dashboard is the preferred method, you also have a couple other options if needed:
- Email Support: Reach out to support@distressedpro.com from the email on file and request cancellation.
- Phone Support: You can reach out to their toll-free number: (855) 866-5770 or (800) 311-5440
- Submit Cancellation Form: Fill out the contact form at buydistressed.com/contact-us indicating you want to cancel.
However, customer support will likely just direct you back to the self-service cancellation steps above. But these options are available if you run into any issues via your account.
What to Expect After Cancellation
Once you successfully cancel your buydistressed.com subscription, here is what you can expect:
- Immediate Loss of Access: Your access to software, training, databases, etc will be revoked right away.
- Data Deletion: Any data associated with canceled subscriptions may be deleted within 30 days. Make sure to backup anything you want to keep.
- Refund Processing: If eligible for a refund, this will be issued back to your original payment method within 5-7 business days.
- Account Downgrade: If you only canceled certain subscriptions but kept others, your account will be downgraded to the appropriate level.
- Renewal Stoppage: You will no longer be billed for subsequent subscription renewals. But check bank statements to confirm.
- Winback Offers: You may get an email with deals to reactivate your membership. Ignore these if you wish to stay canceled.
Key Takeaways
- Log into your account and navigate to “Subscriptions” to view cancellation options
- Click “Cancel” on a subscription, then choose to “Pause” or “Cancel” membership
- Cancelling permanently ends your subscription and deletes associated data
- Pausing puts your account on hold for up to 6 months and retains data
- Contact support to fully close your account if canceling all subscriptions
- Refund eligibility varies – canceling does not automatically trigger a refund
Canceling any buydistressed.com subscription is quick and easy when you access cancellation tools through your account dashboard. Be sure to fully close your account if you are done using their services altogether.
