Getting out of a timeshare can be complicated. The resort may refuse to accept a timeshare exit company’s offers and it can take years to finally get out. There are a number of ways to exit a timeshare, including selling your timeshare on Craigslist or eBay, transferring it to a new owner, or renting it out. The latter can be a lengthy process, and can end up costing you thousands.
One of the most popular ways for owners to exit a timeshare is through a company that specializes in getting out of timeshare contracts. These companies typically advertise on the radio and on the internet. However, not all of them are reputable. In fact, some of them are scams.
To help you make an informed decision, here are a few things to look for in a timeshare exit company. Avoid those that charge exorbitant up-front fees. Also, you’ll want to make sure that your exit company has a solid track record of success.
You should also consider using a company with a money-back guarantee. This is a pretty big deal, and it is a sign that the company is a legitimate player in the field.
On the other hand, it is a good idea to avoid those that offer you vague legal advice, and those that ask you to pay for their services upfront. These are all schemes that fraudulent outfits use.
It’s also a good idea to check out the BBB website to see if a company has any complaints filed against it. If it does, you’ll want to contact your state’s attorney general’s office to get the ball rolling.