If you’re looking for a service to help you cancel your timeshare contract, you’ve come to the right place. These companies are all over the internet and social media, advertising their services for a high upfront fee. However, these companies aren’t accredited by the Better Business Bureau and don’t have a money-back guarantee visit timeshare cancel services.
Timeshare cancellation companies advertise on social media
Facebook pages run by timeshare cancellation companies make bold claims about getting rid of timeshares. Many of them claim that they can end maintenance fees forever, but a bit of research may turn up more questions than answers. For one, many of these third-party companies simply advertise on social media with a P.O. Box as their address. These claims are often unsubstantiated and the company itself may not have a reputable website.
In a recent lawsuit, the Washington State attorney general filed suit against one of these companies, Reed Hein & Associates. The company has nearly 15,000 customers waiting to sell their timeshares. They also claim that they have a 100 percent money back guarantee and can offer free dinners for their customers.
Wesley Financial Group, for example, claims to have a 97% success rate and an A+ rating with the Better Business Bureau. They also have a presence on Facebook and Twitter and post regularly. The company also offers a free consultation with a financial advisor and offers a money-back guarantee.
If you’re thinking about selling your timeshare, you should carefully investigate the companies that advertise on social media. You should also question how the businesses are managed. Facebook pages run by timeshare reps may sound promising and pose as legitimate consulting agencies. Some may even claim to offer other services like mortgage relief, trade-in options, or travel services.
When looking for a cancellation company, you should make sure that they’re part of the ARDA and BBB, two associations that work to protect timeshare owners. Members of these organizations are bound by a Code of Ethics, which protects timeshare owners and protects them from unscrupulous companies.
Although many of these companies have good intentions, there’s no guarantee that their methods will work. In fact, some of them end up costing timeshare owners thousands of dollars and damaging their credit. Ultimately, there’s no way to guarantee that these companies will work, so it’s best to go it alone and find a legitimate company.
One of the largest timeshare cancellation companies on the internet, Wesley Financial Group, uses a different method that differs from other timeshare cancellation companies. The company offers a money-back guarantee if you’re unhappy with your decision. The company is also certified by Dun & Bradstreet and has an impressive rating.
They charge a large upfront fee
When looking to cancel your timeshare, the biggest question to ask is how much a company charges up front. While some of these services may be legitimate, there are also many that are unreliable and may cost you more money in the long run. One way to ensure you get the best service for your money is to choose a company with a proven track record of success.
The problem with timeshare cancel services is that they charge a large upfront fee to begin the process. This upfront fee is usually for their time and effort. Ultimately, they may not be able to help you cancel your timeshare, and you may end up having to file a lawsuit against them. Additionally, many of these companies don’t respond quickly, and this could result in your timeshare foreclosure.
Another problem with these companies is that they often don’t actually do any work for you. These companies subcontract the work to a law firm that doesn’t actually do it. You will be stuck with them for a long time, and they will not refund you unless they are successful. Another problem with these companies is that they may include foreclosure as part of their cancellation terms, which can have a negative impact on your credit history.
Another common problem with these companies is that they will offer you high upfront fees and ask for a large upfront fee. This is a red flag and should be avoided. You should always double-check the email address to avoid scams. Also, never pay any money to timeshare cancel services before reading the contract.
These companies will often use high-pressure sales techniques to entice you to cancel your timeshare. They may try to make you feel desperate about the situation. Moreover, they will report your nonpayment to the credit bureaus, which can damage your credit score. As such, it’s best to use a company that has a proven track record and is reputable.
They don’t have a money-back guarantee
Timeshare cancel services are advertised on the major media outlets promising to cancel your timeshare contracts. But these services often fail to live up to their promises. If they can’t deliver their services, you’re out thousands of dollars. Usually, they offer a money-back guarantee, but there’s no real way to know if they’ll actually deliver.
The best way to determine if a service is legitimate is to check with the resort directly. When calling a resort, ask to speak to the person who handles surrenders. You should ask about the fee and how it works. Sometimes, the resort may offer to waive this fee for a small fee, but it’s not always possible.
Timeshare exit scams have become more common. The popularity of social media has made these schemes more attractive. The FTC published figures in 2021 showing that social media had become a gold mine for scammers. Meanwhile, timeshare secondary market scams remain high on federal and state watch lists, despite the fact that the vast majority of timeshare owners lose money.
A money-back guarantee is a good idea if you’re considering a timeshare cancel service. However, there are many fraudulent timeshare cancel services on the market. Moreover, many of these services don’t have any kind of guarantee, so it’s important to make sure you’re fully aware of the risks involved.
Most of these companies require you to pay an upfront fee of between $2,500 and $10,000 for their services. However, some of them have a money-back guarantee as long as you don’t break the contract with them. Some companies have been known to close shop, go bankrupt, and never managed to get their clients out of their timeshares. Some also falsely tell their clients that their deed has been transferred. In the meantime, timeshare owners find themselves in foreclosure and their credit gets damaged.
They aren’t accredited by the Better Business Bureau
If you are thinking about canceling your timeshare, you may be wondering whether to use a timeshare cancellation service that is accredited by the Better Business Bureau. Many companies claim to be accredited, but in reality, that’s not always the case. One company that isn’t accredited by the BBB is Timeshare Exit Team. The company has received two consumer complaints, including one from an unhappy customer who wasn’t satisfied with the service.
Wesley Financial Group is one company that has BBB accreditation and a dedicated Trustpilot page. This company claims to have helped 20,000 timeshare owners eliminate their mortgages and maintenance fees. While this is a good number of customers, there are many negative reviews of this company online. As a result, this company is suspended by the Better Business Bureau and may not be a good choice. You can also check out MyTER to get a transparent review of timeshare cancellation services and decide whether or not they are right for you.
While it’s possible to find legitimate timeshare cancel services on the BBB website, you should be wary of bogus companies. There are many scams and shady companies out there. You’ll need to research each company’s credentials carefully before deciding which one is best for your needs.
Brian Scroggs is the owner of two firms. He has publicly disputed the BBB’s findings. His companies’ BBB ratings were A and B+ until mid-2017, but later changed to an F. The BBB has listed 79 complaints against Scroggs’ companies. He has also criticised the BBB and the nonprofit. He cites a 2010 ABC News investigative report that documented issues with the nonprofit in Connecticut and Los Angeles.
A timeshare cancellation service that is accredited by the BBB is Timeshare Freedom Group. This company provides a free consultation and can help you cancel your timeshare. However, the process can take anywhere from six months to 24 months, depending on the timeshare developer.