Timeshare owners are a common target, and a timeshare exit scam can be costly. Some companies take large fees, make big promises and then go quiet. Here are 7 warning signs to watch for.

1. Large fees before any work is done

Ask exactly what you are paying for and when. Be wary of pressure to pay a big amount immediately.

2. A guarantee that is vague or not in writing

A real guarantee spells out what is covered and how a refund works. If it is only a verbal promise, treat it as no guarantee.

3. Promises of success or a fixed date

No honest company can promise a specific outcome or date before reviewing your contract.

4. Advice to stop paying without explaining the risk

Walking away from payments can lead to collections and foreclosure. Anyone suggesting it should explain the consequences clearly.

5. Unsolicited calls about a waiting buyer

A caller claiming a buyer is ready, if you just pay a fee first, is a classic resale scam.

6. No verifiable business

Look for a real office address, a phone number that gets answered and reviews you can verify.

7. High pressure to decide today

A legitimate company will let you think it over and will explain the process in plain language.

How to avoid a timeshare exit scam

• Search the company on the Better Business Bureau website.
• Check with your state attorney general’s office for complaints.
• Ask for the full cost and the guarantee terms in writing.

You can read our guarantee and see exactly how the process works before you ever speak to us.

Why these scams work

Scammers rely on frustration and urgency. Many owners feel stuck, so an offer that sounds like a quick and certain way out can be very appealing. Scammers also tend to know details about your timeshare, which can make a call feel legitimate even when it is not.

What to do if a company contacts you first

• Do not give out bank, card or personal information on an unexpected call.
• Ask for the company name, address and written terms, then verify them yourself.
• Take your time. A legitimate company will not need an answer today.
• Speak with someone you trust, or an attorney, before signing anything.

If you think you have been targeted

Keep every document, email and record of payments. You may wish to contact your card issuer or bank about the charge, report the company to your state attorney general’s office, and speak with an attorney about your options. Acting early can help.

Key points to remember

• Be cautious of large upfront fees, vague guarantees and pressure to decide today.
• No honest company can promise a specific result or date before reviewing your contract.
• Verify any company yourself, using sources you find on your own.
• Keep records of every payment, call and document.

Where to go from here

If you are comparing companies, use the warning signs above as a checklist and ask each company the same questions. Write down the answers so you can compare them side by side. If anything feels off, trust that feeling and step back. A legitimate company will understand why you are being careful.

Not sure where you stand? Take the 1 minute qualification quiz or call 833-308-EXIT for a free consultation. There is no cost or obligation.

This article is general information and is not legal or financial advice. Every timeshare contract is different.