When you have a timeshare and are ready to get out, there are several options for you. You can either sell your timeshare, donate it or try to cancel it yourself. However, all of these options can take a lot of time and money, so many people end up turning to a timeshare exit company instead.
Choosing the Right Exit Company
When looking for an exit company, it’s important to find one that has a firm reputation and extensive experience in the industry. The best way to do this is by performing research online and checking their ratings and reviews. You can also ask about their fees up front and get an estimate of the cost of the cancellation process before committing to working with them.
During the process of working with an exit company, you’ll need to meet with a representative who will evaluate your situation and decide how to move forward. They’ll also work with you to determine if you’re eligible for their services and make any necessary arrangements with your timeshare management or developer.
Once the process is completed, you’ll be able to move on with your life and stop feeling trapped by your timeshare. You may even be able to get a discount on your maintenance fees or waive some of them altogether.
The Process: A reputable company should offer an initial contact and assessment with a representative who will ask questions about your situation and discuss the timeshare exit process. Once the assessment is complete, they should draw up the appropriate documents for you to sign. These should be sent to your timeshare management or the relevant developer, whichever is most appropriate.
You should also be able to expect the timeshare exit company to follow up with you throughout the process to ensure that everything is moving smoothly. In some cases, this may involve meeting with you personally to review your files and discuss additional exit measures.
A good exit company will work with you to create a detailed plan and budget for your case. They’ll help you to understand the steps that need to be taken and ensure that all of your paperwork is forwarded quickly and accurately.
If you need to make payments, the most reputable exit companies will allow you to set up monthly payment plans. They will also accept payments over the phone and email, so you can be confident that your payments are always on time.
How to Avoid Scams With Timeshare Exit Companies
There are plenty of scams out there when it comes to timeshare exit companies. Using scare tactics and charging high upfront fees are common ways that scammers lure people into their traps. Be wary of these scams and check out this FTC warning before engaging with a timeshare resale company.
Getting out of your timeshare isn’t easy, but it can be done if you’re willing to put in the effort. It can be a frustrating and expensive process, but with the help of an exit company, you can finally leave your timeshare behind and enjoy your life without the burden of a timeshare.
