posted 5th December 2024
During the BBC's Scam Safe Week, we thought it a poignant time to highlight how you could fall for a timeshare exit scam and provide you with the information needed to exit your timeshare safely. Cancelling your timeshare contract and ending your maintenance fees is often at the forefront of people's minds at this time of year, which inevitably leads to an increase in scammers offering their fake timeshare exit services.
This free timeshare exit guide is the ultimate guide to timeshare exit in 2024/25. Follow these simple, easy-to-understand rules to get out of your timeshare contract safely and avoid potential pitfalls.
1. Cold Callers, letters, emails, text messages.
Any cold contact regarding your timeshare comes from people who intend to scam you or are associated with someone who wants to scam you or has previously scammed you. The information they give you is fictional and designed to worry you, create a sense of urgency, or lead you to believe you are owed compensation. Criminals will go to any length to steal timeshare owners' money. The most recent attempt at this is sending timeshare owners fake letters from Daniels Silverman demanding money for unpaid maintenance fees.
2. Unregulated companies.
Unlike most industries that pose a threat to consumer protection laws, the timeshare industry is unregulated, as are 99% of timeshare claims companies. As such, you are not provided consumer protection if things go wrong. The only companies we recommend using are FCA or SRA-regulated companies like ours that do not charge upfront fees. An important point is to steer clear of marketing companies that say they are 'associated' with regulated companies. Your money isn't protected, and you will get unregulated advice from commission-based salespeople who do not have your best interest at heart.
3. Cancel your contract safely
Over the last ten years, more than 5000 consumers have used our cost-effective timeshare exit options. Along with our no upfront fee policy, we offer the safest way to get out of your timeshare contract.
Sometimes, owners can walk away from their timeshares for free, while others may qualify to claim compensation. Get in touch to check the status of your timeshare ownership and gain trusted free advice.
Stay Scam Safe and if in doubt, get in touch.
