If you want to get out of your timeshare, there are a wide variety of timeshare exit companies to choose from. We have selected some of the best options for timeshare owners.
According to the American Resort Development Association (ARDA), more than 9 million Americans own timeshares. Many timeshare owners are perfectly happy with their investments and enjoy returning to a favorite vacation spot year after year. Others, however, feel differently.
For various reasons, many owners seek to get rid of their timeshare purchase. Perhaps the location no longer holds the same allure, or health reasons can limit travel. Those who inherit timeshares often don’t want them, especially considering the hundreds—or thousands—of dollars in yearly maintenance costs. Given the ease and speed in which timeshares are sold at fancy resort presentations, you may be surprised to learn they’re extremely difficult to get rid of. Most timeshares resell for zero to 15 percent of the original purchase price.
If you seek to exit your timeshare agreement, make sure you understand the difference between timeshares exit companies and resale companies—they sound similar, but have two different purposes. Exit companies aim to release you from your contract altogether, while resale companies put your timeshare on a platform where people can buy or rent it. This article focuses on timeshare exit companies only.
Your best bet is to first contact the developer, who may be able to assist in your exit endeavor. Should you choose to proceed with an exit company, make sure to go with one that is recognized by ARDA.
Most timeshare exit companies don’t disclose the cost of their services openly. This may seem fishy, but it’s actually very normal because every timeshare situation is different. Make sure the timeshare exit company you choose offers an escrow payment option instead of paying upfront fees—this way, they don’t get paid until they hold up their end of the bargain. Under no circumstances should you pay large upfront fees.
We have chosen the following reputable companies within the timeshare exit space and share them with you here.
Timeshare Exit Companies (TEC)
TEC is a review website where you can find information about more than 50 different timeshare exit companies. They are also a timeshare exit advisory—in other words, they try to help timeshare owners find a reputable timeshare cancellation company to work with. After an initial consultation, TEC recommends the company which they believe is the most qualified to succeed in resolving your claim.
TEC teams up with a select few exit companies, which they select based on BBB ratings, customer reviews and additional background checks. Importantly, they prefer to work with companies offering an escrow payment option, so the timeshare exit company is paid in full only after the timeshare issue has been resolved. This insures that you’ll easily be able to get your money back if the service does not meet your satisfaction.
You can book a free initial consultation with TEC at: https://www.timeshareexitcompanies.com/
Timeshare Compliance is a full-service consumer advocacy group that helps clients legally and successfully exit timeshare contracts. Based in Aliso Viejo, California, they’ve been in operation since 2012 and have excellent ratings with both the Better Business Bureau and Trustpilot. On their website, you’ll find informative articles and resources (such as a timeshare calculator that helps determine the actual cost of your timeshare) as well as a detailed description of their exit process.
The first step is to take the short qualification survey on the company website to see if you’re a match for their services. After a short conversation with a client strategist, your case is assigned to an analyst who crafts a service agreement and a team of legal experts begins to advocate on your behalf.
Wesley Financial Group
Wesley Financial Group has operated since 2012. Unlike some other timeshare exit companies, Wesley Financial Group does not use lawyers to attempt to cancel your timeshare. Instead, they follow what they call the ““Advocate Model” by helping their customers make phone calls and write letters to their timeshare company in an attempt to release them from their obligations.
After their four-step process—initial consultation, account review, account resolution (which can take several months), and successful termination—is complete, you’ll be notified that you are free and clear from your timeshare obligation. Wesley offers a 100% Money-Back guarantee if they cannot get you out of your timeshare contract.
EZ Exit Now
EZ Exit Now claims to help people exit their timeshares ethically, responsibly, affordably, fairly and quickly. After an initial consultation, which can be done in your home or at their office, EZ Exit now will review your claim and contact you with options. Once the appropriate course of action is determined and the paperwork is signed, they get to work getting you out of your timeshare. When the timeshare contract is canceled, you receive what they call the “woo hoo” celebratory call, letting you know that you are rid of all obligations related to your timeshare.
EZ Exit Now has a great website that is full of helpful information and articles about the timeshare industry, which is a good sign for customers that they are thought leaders in the industry. They also have plenty of audio and video testimonials which provide social proof of their services, boast an A+ rating, and have affiliations with several reputable regional and national business groups.