If you are dealing with financial, family, or other issues that have made it impossible for you to make payments on your timeshare, you may be considering the option of a timeshare relief company. With a variety of options available, it can be difficult to choose the right one.
Many people are turning to timeshare relief companies because the market for timeshares has become saturated and they are finding it hard to sell their timeshare interest. In addition, many owners find that their timeshare developer will not take their interest back because they don’t want to risk losing a large sum of money in the event they decide to cancel their ownership.
This has led to many owners feeling trapped in a lifetime commitment to their timeshare property. As a result, they are now looking for ways to get out of the deal or to walk away from it altogether.
A Timeshare Exit or Relief Company Can Be Your Best Choice
When you’re dealing with timeshare issues, it is vital to seek out a timeshare exit or relief company that has a proven track record of success. Using these services can be the difference between being free of your timeshare obligation and having to live with it for years to come.
The first thing you should look for in a good timeshare relief company is transparency. These companies take the time to explain their processes and to discuss their experience in helping others exit timeshares.
They also take the time to educate you on all the relief options that are available to you as a fractional owner. This ensures that you’re informed and are able to make an informed decision about the termination process.
In addition, they make sure that you understand all your rights as a timeshare owner and how to avoid being taken advantage of. The best relief companies will give you full disclosure regarding the process of terminating your timeshare and will not smear or discredit any third-party service providers.
Lastly, you should be aware of any fees that the exit or relief company might charge for their services. These fees are not necessary and can be a sign that the company is not legitimate.
You should never pay a timeshare exit or relief company any upfront fees to begin with. This is illegal, and it can lead to further problems in the future if they are not able to successfully resolve your issue.
Another thing that you should look for in a timeshare relief company is a money-back guarantee. A good company will have this available to you as part of their initial consultation.
The BBB has urged state and federal regulators to adopt rules similar to those for student debt relief businesses. Under federal law, such businesses must renegotiate, settle or reduce at least one debt before collecting any fees from you for their services.