There are many timeshare exit companies to choose from. Some are legitimate and provide good service, while others are scams. In fact, some people who used the services of a shady company lost thousands of dollars. To avoid the pitfalls, you need to know what you’re getting into.
Most of the companies in the timeshare exit business charge upfront fees for services. Depending on the specific situation, the fee may be in the hundreds, or even in the thousands. However, you’re still better off paying a monthly amount than continuing to pay the price of a timeshare indefinitely.
If you want to get out of a timeshare without breaking the bank, you can try to negotiate with your developer. This may sound like a win-win situation, but it could end in disaster if you don’t take the right steps. You might not even have the legal authority to walk away from the contract.
Some reputable timeshare exit companies also offer flexible payment options. These options allow you to get out of a timeshare in as little as eight months, or as long as two years. Depending on the complexity of your situation, you might be able to walk away from your timeshare with a fraction of the cost of a lawyer’s bill.
The best timeshare exit company should have a solid reputation. It’s hard to judge a company by its website, but you can get a feel for its reliability from a reputable review site. Many websites will mention the company in the best light. Getting a free quote is another way to make sure the firm has a good track record.
One of the most popular timeshare exit companies is Wesley Financial Group. Founded by Chuck McDowell, a man who pioneered the cancellation industry, the company has helped more than 16,000 people leave their timeshares behind. Their site is not a substitute for professional advice, but is a helpful tool to guide you through the process.
A reputable timeshare exit company will have a partnership with an escrow company. Escort is a great way to protect yourself if things go wrong, and you can be assured that your money is safe. Often, you’ll find that these escrow companies charge more than regular escrow services, but you can expect to receive a full refund if something goes awry. As a result, escrow can be a wise investment.
A timeshare exit company has its place, but you should be wary of any firm that charges thousands of dollars in fees, or requires you to pay for their services up front. This is particularly true if the company claims they’ll help you out with everything you’ll ever need to get out of a timeshare.
Taking the time to learn about your options before you sign on the dotted line is the best way to avoid unnecessary losses. Using a timeshare exit company can save you the trouble of negotiating with your developer and you can get out of your timeshare without losing your shirt.