Do you have a timeshare and are no longer able to keep up with the fees? Don’t you like the location anymore? Do you feel like your timeshare does not give you the value for your money? Perhaps it is time to exit! There are many reasons why you may consider a timeshare exit. That said, you ought to be quite careful to avoid common timeshare exit scams. Here is a detailed article on how you can do so. 

Ignore timeshare cold calling 

Cold calling is a tactic that many scam companies have perfected over the years. The company representative or sales agent will call you and offer to help with the services of canceling your timeshare. Quite often, phone scams will seek to find out your vulnerability and exploit it. Most scamming companies have a deep understanding of the difficulties that most timeshare owners face when it is time to exit. Sadly, some will work towards exploiting that. So, be careful about working with any company that is hard selling to you.

Do not pay upfront fees

This is one of the most dangerous yet common scams that owners are looking to exit face. It could leave your bank short of thousands of dollars that you cannot account for. Most good companies will not ask for an upfront fee to cover the cost of selling your timeshare to a new owner on your behalf. They will also not ask for a fee to help you exit the contract. It is best to read timeshare exit company reviews and assess the pros and cons of working with one. This will give you a clear overview of what to expect lest you get into another shady deal.

Pick a credible company that will work on your case to determine your circumstances and what you would prefer to be done. They will then advise you on the relevant steps to take to facilitate a smooth exit. 

Demand written contracts

Well, you are likely to come across many companies willing to help you in the process. After vetting them and finally settling on one that you believe has efficient timeshare exit services, you need to know one more thing. Having all your transactions and engagements on written paper will protect you from future problems, especially when it comes to monetary transactions. Always insist on a written contract with terms that both you and the timeshare exit company have agreed upon. These terms may include a clear description of the services you are going to receive, the timelines of the work, and the amount you agree to pay for the services. Having a written contract will protect your interests and you will cushion yourself from common exploitation. 

Seek legal redress if defrauded 

Even after taking all the measures to avoid being scammed, you might find a ‘good company’ that may end up defrauding you. Again, the timeshare industry is fond of ignorant customers. If a company has taken advantage of the situation, you need to immediately file a complaint to the authorities. This will ensure that the case is investigated appropriately and the right measures to protect you are taken. 

In a nutshell 

Securing a timeshare might have looked like a nice investment. However, you might want to exit from it at some point for various reasons, especially in the tough times we are living in. Remember, you should know the right steps to take to avoid being scammed. We hope the steps we have outlined in this article ought to be helpful.