If you’re a timeshare owner who is looking to exit your timeshare contract, you may be considering using a timeshare exit company. These companies promise to help you get out of your timeshare contract and relieve you of the financial burden associated with ownership. However, not all timeshare exit companies are legitimate, and some may even scam you out of your money. In this article, we’ll discuss how to make sure a timeshare exit company is legitimate. Here are 7 steps you can take to determine the legitimacy of an exit company.
1.Do Your Research
The first step in finding a legitimate timeshare exit company is to do your research. Look for companies that have a proven track record of helping owners exit their timeshares successfully. You can start by looking at online reviews and checking with organizations such as the Better Business Bureau (BBB).
The BBB rates companies based on their business practices, customer complaints, and other factors. Look for companies that have a high rating with the BBB, as this indicates that they have a good reputation and are committed to providing excellent service to their customers.
2. Check for Accreditation
Legitimate timeshare exit companies should be accredited by industry organizations such as the American Resort Development Association (ARDA) or the National Timeshare Owners Association (NTOA). These organizations promote ethical business practices and provide education and resources for both timeshare owners and industry professionals.
By choosing a timeshare exit company that is accredited by one or more of these organizations, you can be sure that they are committed to upholding industry standards and providing honest and transparent services to their clients.
3. Avoid High-Pressure Sales Tactics
Legitimate timeshare exit companies should not use high-pressure sales tactics to get you to sign up for their services. Be wary of companies that pressure you to sign a contract or make a payment on the spot. Take the time to review the contract and ask questions before committing to anything.
If a company is pushing you to sign up for their services without giving you time to think it over or do your own research, this could be a sign that they are not legitimate and are only interested in taking your money.
4. Ask for References
Legitimate timeshare exit companies should be willing to provide references from satisfied customers. Ask for references and follow up with them to ask about their experience with the company.
If a company is unwilling or unable to provide references, this could be a sign that they do not have a good track record of helping timeshare owners exit their contracts.
5. Be Cautious of Upfront Fees
Legitimate timeshare exit companies should not charge upfront fees for their services. Instead, they should work on a contingency basis, which means that they only get paid if they are successful in helping you exit your timeshare contract.
Be cautious of companies that require you to pay upfront fees, as this could be a sign that they are not legitimate and are only interested in taking your money.
6. Read the Contract Carefully
Before signing a contract with a timeshare exit company, be sure to read it carefully and ask any questions you may have. Make sure you understand the terms and conditions of the contract, including the fees you will be charged and the services the company will provide. If a contract seems too good to be true or includes vague language, this could be a sign that the company is not legitimate and is trying to take advantage of you.
7. Be Patient
Finally, it’s important to be patient when working with a timeshare exit company. Exiting a timeshare contract can be a lengthy and complicated process, and it’s not something that can be done overnight. A legitimate timeshare exit company will work with you to develop a strategy for exiting your timeshare contract and will keep you informed throughout the process.
If a company promises to get you out of your timeshare quickly or makes unrealistic guarantees, this could be a sign that they are not legitimate and are trying to scam you out of your money.
In conclusion, if you’re considering using a timeshare exit company to help you get out of your timeshare contract, it’s important to do your research and choose a legitimate company. Look for companies that are accredited by industry organizations, have a good reputation with the Better Business Bureau, offer a money-back guarantee, and do not use high-pressure sales tactics. Be cautious of upfront fees and read the contract carefully before signing. Finally, consult with an attorney if you have concerns or questions about the company’s services. By following these tips, you can increase your chances of working with a legitimate timeshare exit company and successfully exiting your timeshare contract.