In a recent article by ARDA-ROC, the article states, “fraudulent and deceptive trade practices in the Timeshare Exit Industry are causing substantial harm to timeshare owners.” This statement is true, and there have been timeshare exit companies that pop-up overnight and scam money from innocent timeshare owners. The article also states that fraudulent timeshare exit companies typically require $3000-$12000 in up-front fees for their services and guarantee that you will be discharged from ownership. According to the article, timeshare exit companies can not promise anything, and we at MyTimeshareExitReviews.com disagree. If a company is willing to provide you some type of security such as a 100% money-back guarantee or a no up-front escrow payment option and complete the job as promised, then the company is not scamming you. The few timeshare exit companies that our team has approved has helped thousands of individuals get out of their timeshare contract.
ARDA-ROC is pushing for HB 435:
provides the following protections for timeshare owners engaging with third-party exit companies:
• Defines what constitutes timeshare exit assistance or relief services, and clearly identifies and prohibits Timeshare Exit Industry practices that are harmful to consumers
• Requires written agreements prior to performing the promised exit services, the delivery of important information to the consumer prior to entering into any agreement and provides consumers with a meaningful cancellation right.
• Protects consumer funds by prohibiting advance payment or requiring escrow of such funds until promised services are completed.
• Prohibits false and misleading representations used to recruit consumers to engage an exit company.
HB 435 is a beneficial program for timeshare owners that are seeking a third party option to get rid of their timeshare contract. This program may enforce timeshare exit companies to offer an escrow option because many timeshare exit companies provide no mechanism to ensure your funds are protected. Ultimately, this will protect you from companies that pop-up overnight and scam thousands of dollars.
There are numerous timeshare scams every year. Contact our team so we can help you determine if a timeshare exit company is legitimate, and we recommend working with timeshare exit companies that offer escrow, so you pay no up-front fees. Know your legal right so you can exit your timeshare contract legally. Read over our website and fill out the form on the right or contact us through Live Chat for a free informational consultation.