Timeshare relief is something that many consumers seek out because of a change in their financial situation, or if they just cannot enjoy their timeshare anymore. Whether they are struggling to make the payments, dealing with foreclosure, or have other family or life issues, these people are looking for a way out of their contracts. The good news is that reputable timeshare companies can offer options for those who are seeking this type of help.
There are resale firms, which claim they can sell your timeshare, and there are release companies, which promise to get you out of your contract. Some of these companies do what they say, but others don’t. In fact, the Better Business Bureau recently issued a consumer alert about a Springfield-based “timeshare exit company,” warning consumers of misleading sales presentations and poor customer service.
Many timeshare owners are frustrated with their purchase and are attempting to find ways out of the contract, including finding someone to take the ownership from them. Some of the companies that claim to do this are actually resale firms who over-promise and under-deliver. Others are scams that charge exorbitant fees and rely on false advertising tactics to get your money.
The best way to avoid getting ripped off by a timeshare relief company is to choose one that specializes in the legal aspect of breaking the contract and has a track record of doing it successfully. A reputable attorney specializing in contract law should be able to guide you through the process, and they should not be afraid to go after the bad actors.
Another option is to simply stop paying the fees, but this strategy comes with a risk. The timeshare company may report this to the credit bureau, and it can hurt your credit score. You should only consider this if you truly cannot pay your fees.
You can also try to sell your timeshare or donate it. However, this can be very difficult, and you will probably need to hire a company to do it for you. Lastly, you can try to use your legal rights by sending the resort a letter through certified mail. This will require them to sign for it, so they can’t pretend that they never got it and try to rip you off again. This is an excellent way to get your name off of the timeshare contract, but it does take some work. If you want to learn more about this, talk to a lawyer who specializes in timeshare relief. They can explain the various processes and determine which is right for you. There is no set path that everyone must follow, and a good attorney will take their time with each client to understand the essential details of the case before they structure a course of action.