15 Steps to Cancel Your Timeshare Contract for free

There are companies out there that specialize in helping people exit their timeshares. While some are legitimate, others are scams. Do your homework before working with one.

In order to safeguard yourself, it’s important to undertake serious research prior to agreeing to any service.

The timeshare exit market is sadly victimized by scammers who employ manipulative strategies to exploit unsuspecting individuals. These schemes can put you in a worse economic situation than when you started, so it’s important to be alert.

By familiarizing yourself with the kinds of scams and taking preventative steps, you can dissuade falling prey to these tactics and make sure that you deal with a legitimate provider. 

Common Types of Timeshare Exit Scams

Some of the most prevalent scams to be on the lookout for include:

Upfront Fee Scams: Unscrupulous businesses charge big upfront fees in exchange for promised results. They take the money and run, or they never follow through with their promises.

Fake Legal Services: Some scam artists present themselves as legal specialists who can legally cancel your timeshare. What they don’t have is the expertise or credentials to do it.

Fake Resale Offers: Scammers will offer to resell your timeshare on the secondary market, but at a high price and with no actual service.

Pressure Tactics: Scam companies will employ high-pressure sales tactics to pressure you into a decision without adequate research.

Guaranteed Cancellation Claims: Avoid companies that offer 100% success rates or guaranteed cancellations. Timeshare cancellation is a complicated process, and no genuine company can provide such assurances.

Protect Yourself from Scams

To prevent yourself from becoming a victim of timeshare exit scams, take the following preventive steps:

Check Reviews and Testimonials: Search for impartial reviews on reliable websites to determine a company’s reputation. Read both positive and negative reviews.

Request References: A reputable company must be able to supply references from past clients who have successfully relinquished their timeshares.

Check Credentials: Confirm the company is licensed, bonded, and insured. Reputable providers will be open about their credentials and willing to offer proof.

Avoid High Upfront Charges: Genuine companies usually charge fees only after work has been done. If a company asks for a high upfront charge, treat it as a warning sign.

Utilize Escrow Services: Genuine companies tend to utilize escrow services to keep your money safe until the cancellation process is finalized. This keeps your money safe and ensures transparency.

Trust Your Instincts: If it doesn’t feel right or seems too good to be true, it likely is. Don’t dismiss your gut instinct when working with a company.

Legitimate Timeshare Exit Company

When looking for a reputable provider, look for the following characteristics:

Transparency: A good company will explain their fees, process, and timeline clearly without trying to rush you into a decision.

Proven Track Record: Ensure that the company has a successful history of cancellations and customer testimonials.

Professionalism: Official providers will always speak professionally and give clear-cut responses to your inquiries.

No Unrealistic Promises: Stay away from those companies that offer guarantees or 100% success rates. Canceling a timeshare is not an easy task, and no genuine company will make such commitments.