Discover Firsthand what Happens when a Timeshare Exit Company Makes False Claims

Timeshare Exit Companies allegedly offer services to timeshare owners with the promise of helping them cancel their timeshare agreements in exchange for a hefty upfront fee. The following breakdown is a comprehensive review of what you will encounter when dealing with one of these companies, as has been outlined in numerous court cases and online reporting.

Nonexistent Service: While the companies claim to legally cancel timeshare, there may be no binding promise that a timeshare will be legally canceled through the third party company’s efforts. They can stick you with the bill, without delivering what they promise.

Unauthorized Practice of Law: Representatives of the company, who are not required to be licensed attorneys, may be engaging in the unauthorized practice of law. This practice misleads customers into believing that the company is legally canceling their timeshares, which, as mentioned earlier, is not actually the case. Such actions are harmful to consumers and violate consumer protection laws.

Encouraging Default on Payments: Instead of legally canceling timeshares, the companies encourage customers to default on their timeshare payments. This practice harms consumers and runs afoul of consumer protection laws.

Misleading Credit Repair Promises: To encourage payment default, the companies promise credit repair assistance services to customers who stop making payments. However, these promises violate consumer protection laws.

False Affidavits: The companies are known to encourage customers to sign false affidavits — which, if the company knows about them, amounts to perjury.

Key Takeaways: Consumers must be cautious when engaging with alleged timeshare cancellation or exit services. It's essential to research and understand the services offered thoroughly, verify the legitimacy of claims made, and always consult with your resort developer or Home Owners Association when it comes to decisions regarding your ownership. Consumer protection laws exist to safeguard the rights and interests of consumers, and individuals should be aware of their rights when entering into any contractual agreement.

Let this serve as an educational reminder about the importance of due diligence and understanding your rights when engaging with exit companies. Consumer protection laws are vital in ensuring fair and transparent business practices.

To learn more about how to protect yourself against the online proliferation of risky timeshare “exit” companies, learn all about what timeshare attorneys don’t tell their clients or reach out to us at 800-351-0461, Monday through Friday from 9 a.m. to 5 p.m. Eastern Standard Time (EST) for assistance if you’ve been the target of a timeshare exit scam reaching out to you by phone or email.