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4 Ways to Avoid Getting Ripped Off by Timeshare Exit Firms
Many so-called timeshare "exit companies" target Club Wyndham owners and make false promises to sell your timeshare for an upfront fee. Many of these companies waste people's time and money and create more problems than solutions for owners like you. Here are four warning flags to help you spot a timeshare exit company scam.
1. You Get a Call from an Exit Company As an owner, chances are you will receive calls from exit companies looking to "help you." Beware of these calls, and if something seems too good to be true, it usually is.
2. You're Asked to Pay an Upfront Fee Never pay an upfront fee. These companies often ask for an upfront fee and promise to sell your timeshare in return. However, complaints from other owners who have gone this route often show two things — they never see their money again, and the exit company failed to sell their timeshare.
3. They Won’t Tell You Your Attorney’s Name In reality, very few attorneys specialize in timeshare law. So make sure that you’re confident that your timeshare attorney knows everything about your specific issues related to timeshare. Always ask for a list of references, previous experience, and all relevant qualifications before entering into a contract.
4. You’re Not Told How You Will Be Exited You should be able to 100% trust that your timeshare attorney is working in your best interest. Many exit scam attorneys may not disclose how they will actually attempt to exit you from your timeshare since they lack the necessary legal means to do so. Before hiring a timeshare attorney, make sure they are completely transparent about their fees, are well-versed in timeshare law, and can communicate in a straightforward manner.
If you believe you have fallen victim to a scam, or have received a phone call that could be a scam, contact the Club Wyndham Scambusters team at 866-515-6989.