Disclosure: We receive compensation if you choose to speak to one of the trusted timeshare exit companies mentioned here. The following information is for educational purposes and is not to be considered professional or legal advice.
Trying to achieve freedom from your no longer wanted timeshare can be a hassle. Perhaps you have tried your hand at selling your timeshare on the resale market without any luck. Now, you are looking to get out of the contract as fast as possible so you can finally end your commitment and the timeshare maintenance fees.
Timeshare Developers Fight Against Using Loopholes
Unfortunately, in recent times, timeshare developers have made it increasingly difficult to find contract loopholes to break them. For example, Florida’s 2015 House Bill 453 takes measures to prevent “frivolous lawsuits” by timeshare owners who claim their contracts have “nonmaterial” errors. This is not surprising for the timeshare industry. Timeshare resorts rely on keeping timeshare owners bound in their contracts, even if they no longer use or want their timeshares.
Because timeshare developers have put in extra effort to stop timeshare owners from using contract loopholes to terminate their contracts, it is important to be wary of any timeshare exit companies that assert that they are able to rely on loopholes to end your contract. The truth of the matter is that timeshare exit companies employ other methods they have figured out for helping timeshare owners get rid of their unwanted contracts, aside from finding and exploiting loopholes.
Timeshare Exit Companies
Instead of using loopholes, timeshare exit companies often employ attorneys to assist with breaking timeshare contracts. If a timeshare exit company does not use legal professionals, then it is probably a scam. Most people running these companies also have plenty of experience in the industry and connections that they use as leverage to pressure timeshare resorts into ending the contract.
It is important to research and be aware of the methods that timeshare exit companies use to assist their clients with ending their timeshare contracts. It is also only recommended to work with timeshare exit companies that offer no up-front fee escrow payment options that allow clients to first pay for the service to a third-party holding account that doesn’t release funds to the company itself until the successful cancellation of the timeshare contract. This is the only sure way to avoid scams, and it is never recommended to pay a timeshare exit company any direct, up-front fees. Unfortunately, it is too often the case that a timeshare exit company disappears with their clients money and never actually cancels their timeshare contract. It is not worth the risk to work with a timeshare exit company that charges a direct, up-front fee when reputable, legitimate timeshare exit businesses offering no up-front fee escrow payment options exist out there.
Our website exists as a resource for finding these best timeshare exit companies. We provide reviews on timeshare exit companies and advice consultations. To find out more or get a consultation on your individual case from us, please fill out our contact form or engage our live chat.