Before using a timeshare exit company, you may want to look into its reputation and complaints against other owners. It is also helpful to look into any money back guarantees offered by timeshare exit companies. However, before you decide to use a timeshare exit company, you may want to first contact the developer or resort management company that owns the timeshare. You can often find surrender programs at these companies, but you might have to pay surrender fees in advance.
Reputation of timeshare exit companies
Before hiring a timeshare exit company, you should check their reputation online. A company with a positive reputation has a well-maintained website and responds promptly to client complaints. You can also check their BBB rating. Make sure to stay away from companies that have low ratings or no BBB rating. Moreover, you should avoid timeshare exit companies with a poor track record of success.
Nevertheless, it’s important to remember that some timeshare exit companies may have good intentions. However, there are also shady companies that pose as legal or real estate experts and bilk timeshare owners out of thousands of dollars. In order to avoid such problems, make sure to research each company carefully online and contact the Better Business Bureau to verify their legitimacy. Make sure to get a written contract, too.
Checkbook reviewed hundreds of complaints and lawsuits regarding timeshare exit companies. It also spoke with timeshare owners and consumer advocates. Checkbook found that timeshare exit companies often use deceptive practices and victimize consumers when selling timeshares. In some cases, the companies string consumers along for months and fail to deliver the promised refunds or cancel timeshare contracts. Furthermore, they lack transparency when it comes to their success rate.
A timeshare exit company should offer a money-back guarantee in case you are dissatisfied with their services. It should also be well-established, with an 18-year track record and positive reputation among clients. Another timeshare exit company with a positive reputation is EZ Exit Now. While not perfect, EZ Exit Now works hard to help clients get out of timeshares, and it stands up for the rights of timeshare owners.
While most timeshare exit companies charge a flat fee of anywhere from $1,000 to $10,000, there are some who offer free consultations and a 100% money-back guarantee. Some of these companies may also charge additional fees for complicated cases, so make sure to shop around before hiring any timeshare exit company. Remember to check with the Better Business Bureau for reviews and ratings of timeshare exit companies. In addition to checking the BBB rating, you should also be wary of unsolicited calls.
Check if the timeshare exit company is a member of the BBB or trustpilot before hiring them. Also, ask them to provide you with a written contract. If you choose not to pay the timeshare maintenance fees, the resort may repossess your property, which can affect your credit. Additionally, it will remain on your credit report for years to come.
If you are worried about how your case will be handled, Newton Group offers exit services with legal representation for a low flat fee. You can also opt to use its partner law firm for legal representation, which ensures that all available options are presented to you through a comprehensive process. The Newton Group has been in business for over 15 years and has a solid reputation. You can find out more about the company on its website. It boasts a high customer satisfaction rating and few negative reviews.
Money-back guarantee offered by timeshare exit companies
Timeshare exit companies advertise that their services are free and easy to use, but this is not always the case. Some of these companies may mislead you, telling you that annual maintenance fees are still payable even if you decide to sell the property. A recent nationwide ad by Wesley Financial Group makes this assertion. The representative also says that the timeshare company did not disclose the maintenance fees to the buyer during the sale.
In many cases, you can cancel your timeshare yourself by contacting the resort management company or developer directly. Some resorts even offer a surrender program, but you have to pay certain fees upfront. A timeshare exit company may be necessary if you feel that you cannot afford to stay in your home anymore.
Some timeshare exit companies advertise a 100% money-back guarantee. However, this guarantee is only effective if the company does not close its doors or declare bankruptcy. This means you have to wait eight to 12 months to get your money back. Some timeshare exit companies will also charge you a higher fee if you choose to use a third-party company.
When choosing a timeshare exit company, make sure the company’s reputation is excellent. Some exit companies have great reviews with the Better Business Bureau, but others are prone to scams. Choosing an exit company that does not charge an upfront fee is a good idea.
A timeshare exit company should be able to offer a money-back guarantee if you are unhappy with the service they provide. You can read customer reviews to learn about their experience. Whether you decide to go with a timeshare exit company depends on the specific terms of the money-back guarantee. If you choose a timeshare exit company, make sure to read the fine print and ensure that the terms are fair.
Money-back guarantees are important for protecting you from scams. Be sure to ask about this guarantee before you sign a contract. Some companies will charge you a fee upfront, but if you don’t agree with their service, they will refund your money. Another important feature of a timeshare exit company is the escrow payment option.
You can also check with the Better Business Bureau or the attorney general of the state in which the company operates. If the timeshare exit company fails to provide a refund, you can file a complaint with the BBB and possibly file a class action lawsuit. If your timeshare exit company isn’t able to meet your financial needs, you may have no other option than to give up on it.
Be aware that timeshare exit scams are on the rise. These companies use a money-back guarantee to lure victims into paying for their services. Most of these companies don’t provide the promised services and fail to offer transparency.