How to Choose a Timeshare Exit/Cancellation Company
Trying to exit a timeshare can be a stressful experience. There are several ways to go about the process, and it is important to choose a company that can help you. Some companies claim to be able to cancel a timeshare contract, while others claim to have the ability to gift your timeshare. The best way to find out which company is right for you is to read about their services. You can also look for testimonials and reviews. This will give you an idea of how satisfied owners have been with the company.
The most effective way to choose a company is to look for a company that has a good reputation. You can find out about their history by researching on a reputable review website. This will give you a good idea of the services they provide and how long it will take for you to receive a refund. Some companies offer 100% money back guarantees, but it can take years to get a refund.
If you decide to hire an exit/cancellation company, you need to be wary of the many scams that exist. One of the most common frauds is the imposter. A company may appear to be a legitimate timeshare resale company, but they are not. The FTC lists the imposter scam as one of the most common frauds.
If you are planning on reselling your timeshare, you need to find a company that uses escrow. This is an additional layer of protection that will ensure that the seller is not stealing your money. The money will be held in escrow until everyone is satisfied with the service. The escrow company will verify the payments are made and that the owner is able to sell their timeshare. This will give you peace of mind.
Some timeshare companies do not disclose escrow. If you are unsure about which company you should use, look for a company that offers a free consultation. This will allow you to speak with the owner before making a decision, and you will save money.
A lot of timeshare companies will promise to remove all timeshare maintenance fees. These are fees that are paid to a resort. If you do not pay them, the resort can file for foreclosure. This can affect your credit score, and you will be at a disadvantage when it comes time to sell your timeshare. If you are considering this option, make sure you know what the consequences of nonpayment are. There are different laws in each state that determine what will happen if you do not pay the resort. Some states require an additional assessment for large damages.
Another problem with some exit/cancellation companies is that they do not mention their free programs. These programs will help you to avoid paying maintenance fees and other fees, which can harm your credit. If you are not careful, you can end up spending thousands of dollars to get out of a timeshare agreement.
