A timeshare exit is a way for owners to get out of their timeshare contracts. Often, people invest in timeshares with the hopes of traveling and relaxing but find themselves stuck paying high inflated maintenance fees.
When they can no longer afford to pay these fees, many owners turn to a timeshare exit company to help them out. While this is a great service, some scams have emerged in the industry and owners need to be careful when choosing an exit company.
Some scams are very obvious, but others can be harder to spot. The first red flag is when an owner receives unsolicited calls asking them to pay upfront fees in order to get out of their timeshare. Moreover, these companies usually make empty promises to return money you’ve paid your developer, relieve you of credit card debt and/or sell your timeshare on the resale market.
These scams are not only costly but also risk your credit rating and the resale of your timeshare. These companies are in business to make money and will use every tactic in their book to get you to pay them a fee.
If you are looking for an exit company, it is important to research and choose a reputable company that has been in the industry for years. Check reviews and testimonials online to see if they are the right fit for you.
The process of cancelling your timeshare will vary based on several factors including how much paperwork you have, how responsive the developer is and your payment status. However, most results can be obtained within 8-18 months.
A good timeshare exit company will provide you with an estimate of how much your cancellation will cost and give you the option to pay for the services in a few different ways. This will allow you to choose the most affordable and convenient method for you.
You should always choose a reputable company because you are trusting them with your financial future. They should be transparent and honest with you so that you know what to expect.
Be sure to look for a timeshare exit company that offers free consultations and has been in the business for a long time. This will ensure that you are not paying for something that you don’t need or have any interest in. This will save you time and money in the long run since you won’t be burdened with paying for anything that you don’t need or want.
When you work with a reputable timeshare exit company, you will be guided one-on-one by a professional who knows your specific situation and can help you navigate the process. This is important because it will give you the best chance at successfully ending your timeshare agreement.
Another benefit of using a timeshare exit company is that they have the knowledge and experience to locate loopholes in your contract that can lead to a better outcome for you. This will also prevent you from making costly mistakes and wasting your money.
