Mutual Release Corporation is yet another timeshare cancellation company that may be able to help you get out of your timeshare. The company has been in business since 2017 and is located in Springfield, MO.
When reviewing the website, we see a mention of “100% Money-Back Guarantee” which may mean that you might need to pay an up-front fee before your timeshare is cancelled. We never recommend working with any timeshare cancellation company that charges an up-front fee. Instead, we recommend that timeshare owners use an escrow payment option when cancelling their timeshare. Learn the differences between “100% Money Back” and low up-front fee escrow payment here.
A search for this company’s address brings up two other similar companies by the name of Principal Transfer Group and Atlas Vacation Remedies. This is NOT a good sign. Atlas Vacation Remedies is the same company as Vacation Consulting Services and more. These two companies were recently sued by Wyndham in Sept. 2018 for various schemes. Ask yourself, would a reputable timeshare exit company create multiple different business names to perform the exact same service? The answer is NO!
Companies like Mutual Release Corporation create multiple different business names, so they can open shop somewhere else after getting shut down by law enforcement or a lawsuit from a resort developer. Wyndham is one of the largest timeshare companies in the world. If Wyndham is suing your company, there is a high chance that the lawsuit will go in Wyndham’s favor, but it is important to note that the lawsuit is still pending.
It looks like Diamond Resorts Corporation also sued Mutual Release Corporation on Feb. 20, 2018.
Therefore, it’s vitally important that timeshare owners do not pay these timeshares exit companies any money up front. If the company goes out of business, you will never get your money back and the “100% Money-Back guarantee means absolutely nothing!
Mutual Release Corporation Reviews
Looking at Mutual Release Corporation reviews online show us that this company invites timeshare owners out to a free lunch or dinner and attempts to pitch its services. This is where the timeshare exit company uses high pressure sales tactics to trick timeshare owners into paying an up-front fee for its services.
There are also a few negative reviews on the company’s BBB page. Both reviews state paying up-front fees and later being dissatisfied with the service.
Mutual Release Corporation Cost
Low surprises here. Mutual Release Corporation costs are not available online.
Overall, our recommendation is to only work with companies that offer a low up-front fee escrow option to cancel your timeshare. This is how you stay protected from scams.