Why Most Timeshare Exit Companies Don’t Actually Help You

why most timeshare exit companies don't actually help you

The Truth About Timeshare Exit Companies

So you’ve gone Googling for timeshare cancellation companies and you’ve found a bunch that say they can help, guarantee success, and offer money back guarantees.

How is it possible that all of these companies know something secret that isn’t available to your or I? I mean, is there a champagne room or VIP area that only some timeshare exit companies have access to?

The answer is NO.

In this article, I’m going to show you why the majority of timeshare exit companies belong on an episode of American Greed.

Unmasking The Two Main Types of Exit Companies

The vast majority of timeshare exit services fall into two categories. Understanding the difference is key.

1. Sales Companies: These are sales-focused organizations. Their main goal is to sell you a cancellation service. After you pay, they either try to cancel the timeshare themselves or, more commonly, they outsource your file to a third-party “transfer service.”

2. Law Firms: Legitimate law firms handle these cases. Because they are bound by legal ethics, they cannot make specific promises of success. This process is usually more expensive because you are paying for actual legal services.

The Problem With Timeshare Exit Sales Companies

Let’s say you get a call from one of these sales companies. A friendly person offers to “review your case for escalation.” That person is just an appointment setter. Their job is to get your information for the “closer” who will pressure you into signing a contract.

Here are the biggest red flags with these types of companies:

  • They Fake Being a Law Firm. Many use words like “legal” or “law” in their name to sound legitimate. They are not a law firm.
  • They Have No Real Strategy. Their “strategy” relies on you stopping your payments. This does nothing but ruin your credit and wait for the resort to foreclose years later. You can do that yourself for free.
  • Resorts Refuse to Work With Them. Your resort knows these companies are bad news. They will throw away any letters or simply respond with a generic message telling you to stop using the service.

We have seen many clients who first worked with one of these companies. The results are always bad for the owner. In some cases, the resort has even sued the owner for working with a deceptive company.

The Outsourcing Secret

Here is a secret the industry does not want you to know. Very few timeshare exit companies do the actual work themselves.

Even if a company has a lawyer’s photo on their website, it often means nothing. They may pay a lawyer a small monthly fee just to use their name and face. That lawyer will likely never touch your file.

After you sign up, your file is sent to a third-party company. You will then get a call from this new company, saying they are working “on behalf of” the first company. They will make you sign more papers, including a “Strategic Default Disclosure” (SDD).

This disclosure is a way for them to avoid responsibility. It says you chose to stop paying on your own. But we all know they told you to do it.

They might even offer “credit protection” services to make you feel better, but the damage is already being done.

The original sales company paid this third party around $700 to $2,500 to handle your file. Their job is simply to babysit your account until the resort forecloses. You might have paid the sales company $10,000, but they kept most of it for themselves. The value simply isn’t there.

How Is The Stonegate Firm Different?

Ok, here’s the sales pitch for The Stonegate Firm. I’m sorry but I have to take this opportunity to pitch our services, since they are vastly different from the above.

First, The Stonegate Firm is the ONLY timeshare exit company with a co-branded law firm. This means that we have multiple levels escalation should your case require it.

Second, we don’t approach your resort in an adversarial manner. You are probably angry at your resort, but we’re not. Our only goal is to get you out of your timeshare as quickly and painlessly as possible. That means we approach these resorts in a respectful and mutually collaborative manner.

If your resort balks at the initial communication sent, your case is escalated and you receive REAL legal representation (under federal consumer protection law). You will not EVER get legal representation from a timeshare exit sales company or their third party partners… NEVER.

The level of service you will receive as a client of The Stonegate Firm is literally the best in the industry. Our phones are always answered. You get frequent updates. You will not be outsourced and forgotten.

We’ve actually disrupted the timeshare cancellation industry because our methods are so above-board and ethical, that we’ve had some timeshare developers actually thank us for how we approached the situation.

If you are looking for help with your timeshare and don’t want to risk financial ruin, contact us and let’s see if we can help.

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