If you’re stuck with a timeshare you no longer need or want, you may wonder what your options are. Selling your timeshare may be difficult because the internet is flooded with people selling timeshares.
The top timeshare exit companies can help you get out of your timeshare contract legally. Read on to learn which companies may be able to help you.
Top Timeshare Exit Companies
There are dozens of companies to choose from. While there are many ways to get out of a timeshare, there are also numerous scams.
These scams may cost you thousands of dollars and cause you to retain ownership of your timeshare. Be careful when selecting a company to use.
Here are some of the most highly-rated companies to help you get rid of your timeshare.
1. Newton Group
Newton Group is one of the longest-standing timeshare exit companies in the U.S. They’ve been in business for over 15 years.
They work on a flat fee with no money upfront – low monthly payment options available. Newton Group has a dual service, including timeshare exit services and legal representation.
This dual approach helps you cover all your bases regarding timeshare exit services.
Newton Group will give you a free, no-obligation consultation about your situation.
Ratings & Reviews
Learn More: Newton Group Transfers Review
2. Vacation Ownership Consultants
Vacation Ownership Consultants has been operating since 2014 and is based out of Scottsdale, Arizona. They offer no money out-of-pocket today with 0% interest payment options available.
One thing that sets this timeshare exit company apart is charging a one-time, flat fee. Additionally, they pride themselves on being the low-cost leader in the industry for the services they provide. They also promise that there are no hidden fees.
VOC offers an attorney-based process. This consulting service functions with attorneys and other industry-related strategic partners to help owners find the best solution.
Vacation Ownership Consultants guarantees are backed by 100% satisfaction rates and 5-star ratings.
Ratings & Reviews
Learn More: Vacation Ownership Consultants Review
3. Timeshare Specialists
Timeshare Specialists have been in the timeshare exit business for over 15 years. They offer free consultations and are located in Bozeman, Montana.
The Timeshare Specialists website says that, in most cases, they can have you free of your timeshare obligations in eight to 12 weeks.
One difference in this company is that they offer various exit strategies, including listing your timeshare for sale. Most of the other companies listed here don’t provide that option.
The company works with an escrow company and says you won’t pay any money upfront. Instead, you’ll pay after your timeshare transfer paperwork is complete.
Note: They may be unable to help if you have an existing mortgage or owe maintenance fees.
Ratings & Reviews
4. Timeshare Compliance
Timeshare Compliance is based in Aliso Viejo, California. As with other companies, Timeshare Compliance offers a free consultation to see if they can help you exit your timeshare.
This company’s website says it focuses on customer satisfaction. It has quotes and links to reviews to back up that claim.
The site also says it may take up to 24 months to get rid of your timeshare, although it reports the process is often a lot shorter.
One other nice feature on the company website is the timeshare calculator. This calculator can help you figure out how much you will pay for your timeshare in the future.
Timeshare Compliance has a satisfaction guarantee and an escrow option available.
Ratings & Reviews
5. Seaside Consulting Group
Seaside Consulting Group is based out of Encinitas, California. Their website says they have a proven timeshare exit strategy.
The company also claims to have a 100% customer satisfaction rate. They offer free consultations to see if you are eligible for a timeshare cancellation.
Seaside Consulting Group works primarily with timeshare owners who signed contracts based on deceit, high-pressure sales tactics, misinformation, and misrepresentation.
The company offers credit protection as well. This prevents the timeshare developer from “dinging” your credit for lack of payment.
The Seaside Consulting Group website doesn’t list pricing since services and fees vary. However, the company does reveal that it takes about eight to 12 months for services to be completed.
Seaside offers a satisfaction guarantee. They also offer an escrow option for an additional fee.
Ratings & Reviews
- BBB: A+
- Trustpilot: N/A
6. Wesley Financial Group
Wesley Financial Group has offices in Tennessee and Nevada. The company offers a free consultation to see if they can help you exit your timeshare contract.
Wesley says it offers a one-of-a-kind process and can help you eliminate timeshare mortgage debt. Not all timeshare exit companies help eliminate timeshare mortgage debt.
This company boasts a 97% success rate and claims it’s given nearly $2 million in fees back to the other 3% of clients. As of this writing, they’ve helped over 16,000 clients get out of timeshare agreements.
The website says that, in some cases, they were even able to refund part or all of the timeshare purchase price. However, this seems to be a rare occurrence.
Wesley Financial Group offers a 100% money-back guarantee but doesn’t advertise an escrow option.
Ratings & Reviews
- BBB: A+ (Not BBB Accredited)
- Trustpilot: 4.6 out of 5
Note: BBB has been made aware that on 8/8/2023, the United States District Court for the Middle District of Tennessee, Nashville Division granted in part and denied in part a motion for Partial Summary Judgment by Westgate Resorts (Doc. No. 263) in Case No. 3:20-cv-00599 in the matter of Westgate Resorts, LTD., et al., v. Wesley Financial Group, LLC (WFG), and Charles William Mcdowell, III. This is a civil case and not a government action.
7. Resolution Timeshare Cancellation, LLC
If you are looking for a company without all the hype, Resolution Timeshare Cancellation is a wise choice. Resolution offers a flat-rate service that makes getting out of a timeshare easier.
Resolution offers a flat-rate price, no salespeople, and no up-front and back-end fees. They offer a free 20-minute consultation to help you figure out what you need.
When getting out of your timeshare, you genuinely need to understand what is required with contractual obligations. Many of these legal claims can be complicated. Resolution offers its services to help with these legal obligations.
Ratings & Reviews
- BBB: A+
- Trustpilot: Not yet rated
What Does A Timeshare Exit Company Do?
The main goal of a timeshare exit company is to get you out of your timeshare contract legally. These companies provide a valuable service to owners who no longer want to own their timeshare.
Timeshares can indeed provide a wonderful vacation avenue. However, they can also cost hundreds (or thousands) of dollars annually in maintenance fees, resulting in people wanting to offload them.
What is an Escrow Option?
You typically have two options regarding payment and your satisfaction with services performed.
Some companies provide a money-back guarantee if they cannot get you out of your timeshare.
Other companies use a third-party holding company to hold the funds you pay for their services. This third-party company is called an “escrow” company.
If you cannot get out of the timeshare contract, you can contact the escrow company to get your money returned to you.
Timeshare Exit vs. Timeshare Resale
Trying to figure out what you have? Timeshare exit and timeshare resale are the two options available to almost all timeshare owners.
It’s important to understand that the two types of companies provide very different services.
Timeshare exit companies like the ones described above exist solely to get you out of your timeshare commitment.
In contrast, timeshare resale companies advertise your timeshare for other people to buy or rent.
Keep in mind these two things:
- Timeshare resale companies will charge you a fee
- Timeshares typically sell for a tiny fraction of what you paid for them
In fact, some timeshares don’t “sell” at all. Your “profit” will simply be the benefit of having the timeshare off your hands and passing along annual fees and other responsibilities to someone else.
It’s critical to expect that you might have to pay out of pocket when using a timeshare resale company like you would with a timeshare exit company.
How Much Does It Cost?
If you’re wondering how much timeshare exit companies charge, you’re not alone. The answer depends on your individual timeshare contract and purchase situation.
It also depends on the timeshare exit company. Some companies charge a flat fee, while others charge a dollar amount based on your situation.
However, most companies agree that it will cost anywhere from $1,000 and up. Most timeshare exit company websites say the cost is less than continued ownership.
You can use one of the timeshare calculators on the Timeshare Compliance or Timeshare Specialists websites to see if that is true.
How to Avoid Timeshare Exit Scams
Sadly, there are scams in the timeshare exit industry, just as in nearly every industry. How can you avoid getting ripped off when you try to get rid of your timeshare?
Here are some tips that can help.
Be Wary of Unsolicited Calls
It’s common for timeshare owners to get phone calls from these companies. Watch out for these types of calls.
Unless you have specifically contacted a certain company requesting information or assistance, proceed with caution if you get an unrequested call from one of these companies.
Check BBB And Other Ratings
Read reviews and determine how you feel about a company based on the information you have gathered.
Get Everything In Writing
You’ll want to get all the details of the costs and procedure to exit your timeshare in writing.
Read the contract very carefully. Be sure you understand your responsibilities, the company’s responsibilities, and all the other terms.
If something feels like a scam or doesn’t seem quite right about a potential timeshare exit company you are considering working with, trust your gut.
Also, be sure to keep in mind that if it seems too good to be true, it likely is.
Timeshare Exit Company Comparison Table
|Vacation Ownership Consultants
|Wesley Financial Group
|Seaside Consulting Group
|Resolution Timeshare Cancellation
Frequently Asked Questions
Here are some questions when trying to exit a timeshare.
What happens if I stop paying on my timeshare?
If you stop making the payments you agreed to the timeshare company, they will likely send your account to a collections agency. They will also report any delinquent payments to the main credit bureaus.
Can I act on behalf of a family member to exit a timeshare?
Yes, but you must get a power of attorney to do so.
Everyone has different ideas about if a timeshare is worth the cost and responsibility. Some timeshare owners love their timeshare.
Unfortunately, that’s not the case for all timeshare owners. If you own a timeshare you want to get rid of, expect that it might not be easy and that you’ll have to pay some money.
When choosing a timeshare exit company, choose one that is reputable and has safeguards in place to get your money back if needed.