Timeshare relief can help you get out of your timeshare if you’re struggling financially, dealing with family issues or other reasons that are making it difficult to maintain your ownership. But if you’re looking for this kind of assistance, it can be hard to know where to turn or who to trust.
Luckily, there are companies that specialize in resolving timeshare problems and getting owners out of contracts. These services can help you navigate the complicated paperwork and legal jargon involved in getting out of a timeshare and are reputable and reliable.
You’ll find several of these types of companies online, and you can also call them up to ask for a free consultation. These companies will likely offer you a quote and a plan of action to help you get out of your timeshare.
They will often give you a money back guarantee and work to ensure that you don’t pay any upfront fees to them. But they can be a scam, so make sure that you do your research before you hire one of these companies.
The Better Business Bureau, which offers a list of legitimate and reputable companies offering timeshare exit services, encourages consumers to be careful about who they hire to handle their timeshare exit. It warns that many of these businesses will subcontract the work to law firms or other entities, who then don’t do the work that they promised. In some cases, they’ve even lost clients in foreclosure – the worst case scenario — as a result of their failures to live up to their promises.
These types of scams are so common that the Florida Attorney General’s Office receives about 500 consumer complaints a year regarding these kinds of businesses, according to a BBB investigation of the industry. The office has urged the federal government to consider regulating these kinds of businesses in much the same way as it does with student debt relief companies.
In the past, these type of companies have posed as inventory recovery companies to assist developers in restocking their inventories, or transfer companies that take ownership from the developer and sell it for a profit. Some of these types of companies also do advocacy work on behalf of consumers.
But the most dangerous of these companies, says the ARDA, are the ones that promise to get you out of your timeshare but end up securing a mortgage for the property instead. This is a major problem for owners who need timeshare relief.
For these reasons, the ARDA has launched the Coalition for Responsible Exit to protect its members from companies that are inexperienced in providing safe, vetted solutions for timeshare relief. Its members include Wyndham Destinations, Horizons by Holiday Inn and Transitions by Diamond Resorts.
The ARDA has also developed a program to help timeshare owners avoid the scams associated with these types of companies. The organization is working with Wyndham Destinations to offer their owners a free, vetted service called Wyndham Cares.