Having a timeshare can be a major financial burden, but it is possible to legally exit your timeshare contract. The key is finding the right timeshare exit company to do the work for you.
In recent years, a number of exit companies have emerged. These companies claim to be able to help consumers get out of their timeshare contracts and they claim to do so with minimal hassle. Some of these companies even offer money back guarantees. However, these guarantees are meaningless if the exit company doesn’t follow through with their promises.
Some companies promise to get you out of your timeshare, but fail to do so. Others use scare tactics to entice customers to sign on. Others have even gone bankrupt. In fact, the Better Business Bureau (BBB) has reported that these companies have a less than stellar rating.
To help consumers find a reliable timeshare exit company, the Checkbook organization conducted a review of hundreds of timeshare-related customer complaints and lawsuits. The results are a disturbing look at the timeshare industry.
The BBB reported that a number of companies used scare tactics to get customers to sign on. One company, UDI Consulting, requested tens of thousands of dollars from a customer before they would help him get out of his timeshare.
Another company, Wesley Financial Group, claims to have helped over 16,000 consumers get out of timeshares. The company has offices in Tennessee and Nevada, and claims to have a unique process to get people out of their timeshares.