Canceling a timeshare can be difficult, and it’s important to do it with a team of trustworthy professionals. But unfortunately, not all timeshare exit services are reputable. You’ll need to do some research into a company before hiring them to help you cancel your timeshare.
If you’re eager to get out of your timeshare as soon as possible, you might feel tempted to use the first service you find. You may also simply want the least expensive service available.
However, rushing into hiring a company can leave you open to getting scammed.
Just like the person who sold you your timeshare made it sound more appealing than it actually was, some timeshare exit companies will tell you everything you want to hear only to end up going bankrupt or disappearing with your money.
It’s not just the companies themselves that lie — they may also ask friends and family to leave fake positive reviews on their website. If the reviews seem too good to be true, they very likely are.
Something to watch out for is companies that pose as law groups. A legal degree isn’t necessary to get out of a timeshare, and “timeshare law” is not a real thing.
Before choosing a timeshare exit service, consider getting a consultation from a management group that can help you find a reliable company.