Beware of the “exit companies” promising an escape from timeshare contracts. They’re in hot water, accused of false advertising and shady tactics.
Their promises of a ‘safe and legal’ exit process and a 100% money-back guarantee? According to government regulators: all smoke and mirrors. They are also accused of peddling fear, falsely claiming timeshare laws let developers hike maintenance fees without limits. Don’t be fooled – there are no such laws; it’s pure scaremongering.
Attorneys general pursuing lawsuits against these companies reveal that timeshare owners pay hefty upfront fees to these companies for a so-called ‘secret process.’ Spoiler: There’s no secret. They just advise owners to stop paying and cut ties with developers. Lawyers get involved, and the exit companies intercept all communication, keeping owners in the dark about defaults and foreclosures. They rarely make good on that 100% guarantee and often go bust before owners can sue.
Here’s the deal: you don’t need these exit companies! Most timeshare developers offer exit programs. Vacationed urges you to deal directly with them. The truth is that most members love their vacation ownership, and Vacationed is here to help you make the most of it. Reach out and check our blog for a better timeshare experience!
