If you’re looking for Timeshare Exit Team cost and fees you’ve come to the right place. Timeshare Exit Team has been in business since 2012 and is one of the oldest timeshare exit companies in existence. The company is based is Bellvue, Washington has more than 30 locations around the U.S.A.
Timeshare Exit Team has been sued multiple times since its inception and is now battling a consumer protection lawsuit with the Washington Attorney General. According to the lawsuit, the Washington Attorney General has received more than 90 consumer complaints from Timeshare Exit Team’s customers regarding unfair and deceptive business practices. This company also has more than 350 complaints with the BBB and a C- rating. The BBB has also issued a Pattern of Complaints warning for this company.
Although Timeshare Exit Team strongly denies the allegations from the lawsuit, there are a few things that concern us. One of the primary issues that stand out to us from the lawsuit is what Timeshare Exit Team considers a “successful” exit from your timeshare. According to the lawsuit, Timeshare Exit Team considers it a successful exit if your timeshare goes into foreclosure. Customers could easily let their timeshare go into foreclosure all on their own without paying Timeshare Exit Team for its services.
For these reasons, Timeshare Exit Team is not currently a company we can recommend. See a list of our Recommended Timeshare Exit Companies here.
Timeshare Exit Team 100% Money-Back Guarantee
When reviewing the homepage we see a mention of a 100% money-back guarantee. In the fine print we can see that customers are only eligible for this money-back guarantee after three years has passed.
A 100% money-back guarantee sounds good, but it doesn’t actually mean anything at all because you must pay the timeshare exit company up-front to begin work. This is an issue because you never know if the timeshare exit company will honor it’s 100% money-back guarantee. The company could simply go out of business and never refund your money.
Several other timeshare exit companies have recently gone out of business. A few of them include:
- Resort Release
- Castle Law Group
- UDI Consulting
- And more.
Each of these companies offered a 100% money-back guarantee, but customers were not able to receive a refund because the company went out of business.
This is why we here at TimeshareExitCompanies.com like to recommend timeshare exit companies that offer an escrow payment option. If you pay using an escrow account, the money is held by a third-party escrow company until your timeshare is cancelled. This holds the timeshare exit company accountable and gives them an incentive to complete the work it was hired to do. With escrow, the timeshare exit company does not get paid from the escrow account until AFTER your timeshare has been cancelled.
Timeshare Exit Team Cost
Pinning down an exact cost for Timeshare Exit Team online is going to be hard to do. Fees can sometimes change depending on the type of timeshare you have. Not all resort developers are the same. Some are much harder to work with than others. The only true way to find out the cost of their services is to give them a call and go through a free consultation. During the free consultation you will be provided with an estimated fee to cancel your timeshare. With all of that being said, it is important to point out that a representative from Timeshare Exit Team was quoted in saying the average cost of their timeshare cancellation service is $4,000. This is a good general rule of thumb and is more straight forward than just about any other exit team on the market. Transparency like this says good things about a company.
It’s funny how the price can go from $4,000 to $3,900 just by asking for a lower price. Just try it. Everything in life is negotiable. Especially when you’re talking with a commissioned salesmen, which Timeshare Exit Team may or may not have (ask them). A salesperson cans sometimes have a monthly allotment of discount money they are free to work with. This means they are sometimes able to provide you with a discount that depends on how much they have left in the monthly allotment. Always just ask for a discount when you’re speaking to a sales person. If you don’t ask the answer is always no!
Timeshare Exit Team Dave Ramsey
Dave Ramsey is one of the most respected financial radio personalities in existence. His radio show, The Dave Ramsey Show, is listened to by more than 13 million people each week! He gained his fortune in real estate and is considered an expert in this area. This is one of the reasons why he is a perfect endorser for the Timeshare Exit Team. Dave Ramsey has authored more than 15 books on personal finance and some have even gone on to be listed as best sellers by the New York Times, Wall Street Journal and Publishers Weekly. He also runs a class called Financial Peace University that helps everyday citizens become debt free. If Dave Ramsey endorses a company such as Timeshare Exit Team, he is likely doing so only because he fully supports their business practices.
Dave Ramsey may support Timeshare Exit Team for now, but we predict this relationship will come to an end soon. It is doubtful that Dave Ramsey will want to be associated with a company under investigation by the Washington Attorney General.
Timeshare Exit Team Steve Harvey
Steve Harvey is also endorsing Timeshare Exit Team on his various TV and radio programs. Steve Harvey is known for giving trustworthy advise, so if he is endorsing a company such as Timeshare Exit Team, he likely has good reason to do so.
Timeshare Exit Team In The News
Update 7/9/2020 – Timeshare Exit Team is one of the largest timeshare exit companies in existence, so it tends to attract the most attention from the law. Just recently a Florida judge ruled that timeshare developer Westgate was unable to prove claims related to false advertising and deceptive/unfair trade practices against Timeshare Exit Team, securing a major win for the company.
Timeshare Exit Team was also in the news recently for a lawsuit with Holiday Inn Club Vacations (HICV) that started back in 2017. Both sides ended up settling. As a result, Orange Lake, a HICV resort, will take back 1,300 timeshares. Another major win for Timeshare Exit Team. Although, HICV says consumers could have cancelled directly through its new Hoizons deed back program without the help of Timeshare Exit Team. One must wonder if HICV’s Horizons program would even exist had it not been for Timeshare Exit Team’s efforts to help timeshare owners exit their timeshares.
We hope this advice helps! Note, 321exit.com is the same company as Timeshare Exit Team, so don’t get confused.
Overall, we still recommend working with timeshare exit companies that offer an escrow payment option, so you are 100% protected from all possible scams. Learn more about escrow and why it’s important here.