A variety of reasons may compel you to find a way to exit your timeshare. Maybe you inherited a timeshare from a relative or you find you just don’t have time to plan vacations. Whatever the reason, make sure to consider several important factors so you can avoid some of the most common timeshare exit scams around today.
Years In Business
One consideration when trying to exit your timeshare is to evaluate the amount of time a company has been in business. Often, companies will enter the timeshare market, scam people out of thousands of dollars, and then get shut down. Sometimes these companies just open again under a new name and do it all over again. So, before considering a timeshare company to use to exit your ownership – make sure the business has been around for several years and hasn’t changed names on a regular basis. When you work with ExitaTimeshare.com, you’ll be working with a company that has been in business since 2000.
Timeshare Exit Cost Transparency
A second factor to consider when trying to avoid a timeshare exit scam is the company’s transparency with its fees. If the deal sounds like it is too good to be true – it probably is a scam. The exit company should let you know in advance how much it will cost to exit your timeshare and how much money you will need to pay before services are rendered. Trustworthy companies will be willing to discuss all the fees and details before asking you to sign anything or pay money out of pocket. If the exit company seems to be secretive about their services or unwilling to put details in writing, you need to find another way to exit your timeshare.
Customer service, or lack thereof, should also be heavily scrutinized before choosing a company. If the company does not respond to your emails, phone calls or voicemail messages, it can be a clear indicator that the company is a scam. Smaller companies may not have a large customer service team, but that’s no excuse to let your questions go unanswered for more than 1-2 days.
Calls Out of the Blue
Receiving a call out of the blue from someone looking to help you exit your timeshare is a great way to determine if something is a scam or not. If you didn’t inquire about exiting your timeshare, you shouldn’t be receiving calls to do so. It’s as simple as that.
If someone tells you they have a buyer waiting to purchase your timeshare, it is most likely a scam. Typically, the fraudster will tell you they have a buyer waiting and all you need to do is send them some money to cover the closing costs and taxes. Once you send them the money they will disappear and you will still have your timeshare. This timeshare exit scam has been around for a very long time.
Lastly, if a company tells you they can help you exit your timeshare and you can stop paying your maintenance fees until the process is completed – you need to be careful. After the company receives your money, they may not follow through with the deal and you will quickly find yourself in trouble with creditors because you still own the timeshare property, but the maintenance and other fees have not been paid. No one wants to be a victim of a timeshare exit scam, but these things can happen. To stay on the safe side, why not use a company like ExitaTimeshare.com? We have 17 years of experience, hundreds of happy customers and a full-time customer service team available to answer any of your questions. Get started today by filling out the form on this page or calling 877-624-6884.