Getting out of a timeshare can be a very difficult process. There are many factors involved and many resorts won’t let you rent it out. The timeshare market can be difficult and sometimes, you may even discover that your timeshare has been foreclosed on. That can drastically affect your credit. If you don’t pay the fees and maintenance fees, you can end up with a huge bill.
If you can’t get the resort to work with you, you may have to hire a timeshare exit company. These companies usually charge a fee, which can vary depending on the complexity of your case.
Some timeshare exit companies have received bad reviews. They are accused of charging upfront fees, making cold calls, and fear mongering. Others are criticized for taking years to do their work.
Some timeshare exit companies boast that they will provide a complete, stress-free timeshare exit. This can be an attractive proposition, but you’ll have to keep your expectations low.
If you’re looking for a timeshare exit company, avoid companies with a poor BBB rating. Also, try to find companies with a money back guarantee. If they guarantee you a complete, stress-free exit, they are probably trying to take advantage of you.
If you think you’ve been scammed, you can contact the Federal Trade Commission or your state attorney general’s office. You may also be able to file a class action lawsuit. This may be the only way to get your money back.