Timeshare exit companies are a growing industry that helps owners who are struggling to get out of their timeshare. These companies offer a variety of options to help you escape your timeshare, including selling it on the resale market, gifting it to a family member, or giving it back to the developer.
When choosing a company, you should look for one with a proven track record, a strict eligibility requirement, an in-house process, and financial security. You should also check online ratings and reviews, like those on Google Reviews, Best Company, and Trustpilot.
Exit companies aren’t your typical timeshare salesmen, but rather vacation ownership consultants who have the expertise to help you terminate your contract. They will work one-on-one with you until you successfully cancel your timeshare.
They’ll handle all the paperwork, negotiate with the resorts and owners’ associations, and provide legal support. They also know when to speak with the right people and how to get results.
Ultimately, though, the goal is to get you out of your timeshare and on to a new vacation. It’s important to choose a timeshare exit company that has a long history of helping owners.
Be Wary of Scams
There are many exit companies out there that are not the ones you want to deal with. If you receive an unsolicited call from a “timeshare exit company” asking for upfront fees or offering to sell your timeshare for you, they are most likely a scam.
The Better Business Bureau recommends that you choose a company with an escrow guarantee and money-back guarantee if possible. This can be a good way to protect yourself from timeshare scams and ensure that you will get your money back in the event of a company’s failure.
Do Your Research
Timeshare exit companies are a growing industry, but you need to be careful of scams and fraudulent practices. The most common timeshare exit scams include unsolicited calls, asking for upfront fees, and requesting personal information from you.
Another common scam is to contact you claiming to be a buyer or a company you are familiar with, such as ARDA. This is often done through unsolicited emails or phone calls, and can be a good indication that the company you are dealing with is not reputable.
Some timeshare exit companies are not even accredited by the BBB, which means they may not have a high-quality reputation. You can verify their BBB rating by visiting the official website of the BBB.
Then, read through the reviews of their previous clients. The more positive reviews they have, the more reliable the company is.
Gail from Tennessee was looking for an alternative to her timeshare after her medical expenses increased drastically. She sent Wyndham a hardship letter that said she was unable to make her payments on time and could not afford to continue with the company’s programs.
She contacted several exit companies and decided to hire Timeshare Exit Team. She was referred to them by her brother. She was surprised to find that they had helped her terminate her timeshare in a much shorter period of time than she expected.