Timeshare Exits Are Messy, but Rewarding
Summary
Many timeshare owners find it very hard to stop owning their timeshare, even though they want to. Some companies offering help to end timeshare ownership use confusing language about lawyers, which can mislead owners about who the lawyer actually represents.Key Facts
- Many timeshare owners struggle with ending their ownership, often because of rising fees and changing lifestyles.
- A study by Newton Group showed that over half of timeshare owners trying to exit had already failed once.
- About 27% of owners hired a timeshare exit company before, but the company did not succeed.
- Timeshare exit companies often use phrases like “attorney-backed” or “legal team” that sound like they offer legal help directly to the owner.
- In many cases, the lawyer works for the company, not the owner, which means the lawyer’s duty is to the company’s interests.
- Owners should be clearly told if a lawyer represents them personally or only the company before they pay for services.
- Newton Group suggests that rules be made so companies must disclose in writing if the lawyer actually represents the timeshare owner.
- Consumers deserve clear information to understand who is protecting their interests during timeshare exit services.
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