Exiting a timeshare can be a complex process, and many owners consider using timeshare exit companies to assist them. There is a misconception among owners that timeshare exit companies are generally untrustworthy and are scams, but that is simply not true. While there are illegitimate companies, many of them are not and successfully manage to grant countless owners exits from their timeshares.
The solution lies in carefully vetting a company, doing your due diligence, and conducting thorough research before deciding on one. By doing so, an owner can gain the necessary knowledge to identify a legitimate timeshare exit company and thus use their services for an exit. The process begins by first knowing what a timeshare exit company is and how it operates.
Understanding Timeshare Exit Companies
Timeshare exit companies are specialist entities that help owners legally terminate their timeshare contracts. Their target audience is individuals eager to escape ongoing maintenance fees and other obligations. Timeshare exit companies have teams of professionals who work in different ways to help their clients achieve exits. Some may outsource some work, but others may be capable of handling the entire process through their in-house team. These companies may advertise through various channels, including cold calls, emails, or invitations to seminars.
How Do Timeshare Exit Teams Operate?
Timeshare companies typically promise to negotiate with the resort or developer on your behalf. They build a case against the resort, highlighting their deceptive and shady practices. Then, they employ various pressure tactics such as public exposure, complaints, and other methods against the resort into letting the owner go from the contract allowing them to exit.
This pressure campaign results in the resort finding it much easier and cheaper to release the owner than to keep them in the contract and chase them. If the case is complicated, some timeshare exit companies may provide legal advice via their in-house teams, but others may outsource to third-party legal experts.
How to Identify a Trustworthy Timeshare Exit Company
Identifying a legitimate timeshare exit company is identical to vetting out any other company an individual may hire for other purposes. A client may check their ratings, what kind of pricing they offer, what kind of reputation they have, what track record they have, etc. The same goes for timeshare exit companies as well.
1. Check Better Business Bureau Rating
An owner seeking an exit may first check the company out with the Better Business Bureau (BBB). Check their rating and whether or not they are accredited. A legitimate company will have a higher rating and standing with the BBB. The BBB also issues warnings for certain timeshare exit companies that did not deliver on their promises, which will allow you to make a better decision.
2. Ask for Clear Pricing Plans
Transparent pricing is essential. A company may have an upfront pricing plan or demand payment only on success. However, if the company keeps you in the dark regarding the services rendered or does not explain them, it may be a red flag. Choose companies that are open about their pricing.
3. Proven Track Record of Successful Exits
A good company will have a strong record of successful exits. This increases your chances of achieving an exit as well. When choosing a company, request evidence of successful timeshare exits. Legitimate companies should be able to provide testimonials or case studies demonstrating their effectiveness.
4. Clear Timelines for Exits
Timeshare exits can take time and a legitimate company will offer a realistic timeline for the process. Be cautious of promises to exit your timeshare within an unreasonably short period. Also be wary of companies that guarantee an exit as that is not possible. A typical exit can take between 12-17 months so anyone promising an exit sooner than that, may not be truthful.
Common Timeshare Exit Red Flags to Watch Out For
1. Shady Credentials
As mentioned earlier, be sure to verify the company’s credentials when choosing to work with them. Some companies may falsely claim to be affiliated with legal entities or consumer protection organizations. Do your due diligence and conduct thorough research to avoid getting duped.
2. False Promises of Contract Cancellation
Be suspicious of guarantees to cancel your timeshare contract regardless of circumstances. Each contract is different and each owner’s condition is different. A legitimate company will examine the contract and your particular circumstances in detail before offering you a timeline of an exit.
3. Unresolved Complaints
This goes without saying that any company with unresolved complaints can be a red flag. These complaints are left by past clients that had less than a stellar experience working with the company. If a company has a list of unresolved complaints, avoid working with them as chances of you ending up on that list are high.
How To Protect Yourself?
As mentioned earlier, thorough research into a company is your friend and will protect you from ending up in trouble. In addition to checking with the BBB, look for reviews and testimonials left by past clients and legal actions taken against a company. See what experience past owners have had with the company, and it will give you a clearer picture of how your time will be. Look particularly into their complaints and whether or not they were resolved. Positive reviews can be faked, but unresolved complaints paint a better picture.
Additionally, read the contract thoroughly before signing any agreement. Ask questions regarding certain clauses and conditions you are doubtful about. Ensure you understand the terms, guarantees, and any refund policies. A legitimate company will be clear about them and thoroughly answer your questions.
Choose Lemon Lion Consulting For Your Timeshare Exit
While some timeshare exit companies are legitimate, others are not. It’s essential to approach these services with caution. By conducting thorough research, you increase your chances of avoiding a bad experience and working with a legitimate company. A trustworthy company will always be open and clear about their services, pricing, and track record such as Lemon Lion Consulting.
Headquartered in Las Vegas, Nevada with offices in Orlando, and Kissimme, Florida, Lemon Lion Consulting is a leading timeshare exit company with a proven track record of successful exits. They have an A+ Diamond rating with the Better Business Business and are accredited. They have clear upfront pricing models and zero unresolved complaints. More importantly, they have a large inhouse team that can also provide legal support if needed, which means nothing is outsources. If you are stuck in a timeshare and you want out, contact us today for a free consultation and we’ll help you review your options.
