How To Spot A Timeshare Exit Scam

Timeshare exit companies have gained a notorious reputation in recent years, and for good reason.

 

These companies, claiming to offer a solution for frustrated timeshare owners, often turn out to be nothing more than scams.

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Here are five ways to spot a timeshare exit scam:

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1. Upfront fees: One common red flag is when a timeshare exit company demands upfront fees before providing any services. Legitimate companies typically only charge fees once they have successfully helped you exit your timeshare. This practice of demanding money upfront is a clear warning sign that the company may not have your best interests at heart. Only attorneys can legally and ethically ask you for a retainer to do legal work on your behalf.

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2. False promises: Another way to identify a timeshare exit scam is through unrealistic promises. If a company guarantees that they can easily and quickly get you out of your timeshare without any consequences, it's likely too good to be true. Exiting a timeshare can be a complex and lengthy process, often involving legal procedures and negotiations with the timeshare developer. Any company that promises a quick and effortless exit should be approached with caution.

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3. Money-Back Guarantee: Beware of timeshare exit companies that offer a money-back guarantee. While it may sound reassuring, it can also be a tactic used to deceive unsuspecting timeshare owners. These companies often have strict conditions and loopholes in their guarantee policies, making it nearly impossible for customers to actually receive a refund. Remember, if something seems too good to be true, it probably is.

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4. Employing an Attorney That You Never Speak With: One sneaky tactic employed by timeshare exit scams is the use of "an attorney" whom you never actually get to speak with. They may claim to have a team of experienced lawyers handling your case, but in reality, you are never given the opportunity to communicate directly with them.

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This lack of transparency can be a major red flag, as it raises questions about the legitimacy of their legal representation. A reputable timeshare exit company should always provide open communication and allow you to have direct contact with the attorney assigned to your case. If you don't pay the attorney directly or sign a contract with the attorney/law firm, you're not retaining legal representation.

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5. Exaggeration of Their Online Reviews: Another common tactic used by timeshare exit scams is the exaggeration of their online reviews. These companies may create fake positive reviews or pay individuals to write glowing testimonials about their services. They do this to deceive potential customers and make themselves appear reputable and trustworthy.

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To avoid falling for this trap, it's important to take online reviews with a grain of salt. Look for patterns in the reviews, both positive and negative, and consider the overall credibility of the source. The pattern of negative reviews is the true tail sign of their business practices.

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In conclusion, it is crucial to exercise caution when dealing with timeshare exit companies.

 

For these reasons, it's best to hire a reputable firm with a transparent process and establish an attorney-client relationship as we offer here at Ross, Lynn, and Associates.