Last updated September 6th, 2022
Preferred Cancellation Services is another timeshare exit company that may be able to help you cancel your timeshare. The company has been in business since 2014 and is based in Daytona Beach, FL.
When reviewing the company’s homepage, we see that PCS does not use lawyers to cancel your timeshare. Instead, the company claims that its process can get timeshare owners out of their timeshares without costly attorneys. This is becoming more common in the timeshare exit industry, so it’s not necessarily a red flag. However, the following statement made on Preferred Cancellation Services’ homepage is a red flag.
“If we do not get you released within one years time you will receive a full refund at that time upon request”
This means timeshare owners must pay Preferred Cancellation Services up front to cancel their timeshare. We here at TimeshareExitCompanies.com do not like timeshare owners paying a timeshare exit or resale companies up front because the company could take your money and never cancel or sell your timeshare and never provide you with a refund. Just because a company says it will give you a refund doesn’t mean it will.
We typically recommend that timeshare owners use an escrow payment option when cancelling their timeshare. When you pay with escrow, the timeshare exit company is not paid in full until after your timeshare has been cancelled. Learn more about escrow and why it’s important here.
Heading over to the FAQ page and we see one thing that we like. Under question 6, the company states that getting money back after a timeshare cancellation is a rarity. We agree with this statement. Sometimes timeshare exit companies claim they can get you money back after cancelling your timeshare, but this is almost always NOT the case.
Heading over the Our Attorney page and we see that PCS works with a lawyer by the name of Richard J. D’Amico, Esq. The company makes it clear that this lawyer does not represent its clients, but instead represents PCS instead. Either way, this lawyer does not have any notable negative reviews that we could find.
Preferred Cancellation Services Reviews
As of 7/29/19, Preferred Cancellation Services reviews on Google are quite positive. 36 people praise the company’s services. The reviews look legitimate enough. We did find one negative review on the company’s BBB page under their LLC name of Windham Ventures LLC, but the review was addressed and responded to by PCS.
Preferred Cancellation Services Cost
Like all timeshare exit companies, the Preferred Cancellation Services cost is not available online. The only way to obtain the company’s cost is to contact the company for a consultation.
Overall, our recommendation does not change. Although Preferred Cancellation Services looks like a legitimate company from the outside, you never really know what’s going on behind the scenes. This is why we like to recommend using a timeshare exit company that offers an escrow payment option. Escrow can protect you if the company goes out of business or takes your money and never cancels your timeshare. Learn more about escrow and why it’s important here.
Still have questions? Contact us using the contact form on the right side of the page or initiate live chat. You may also call us directly at 833-416-8796