We are not associated with any other company!

Phone Number


Our Lonestar Transfer family is still here to help you! Thank you for your patience through this global crisis!

Pitfalls of Not Using a Timeshare Exit Company


timeshare exit services

Free Consultation

  • Hidden
  • This field is for validation purposes and should be left unchanged.

More than 4.4 million people each year dump their timeshares into the secondary markets. However, doing so without fully understanding all the risks can have disastrous consequences. Here are some of the pitfalls of not using proper timeshare exit services.

Damaged Credit

One of the most common issues people run into when it comes to getting out of their timeshare is damaged credit. Your credit will take a hit if you try to get out of your timeshare by simply skipping the payments. Timeshare exit services work to preserve your credit, so you don’t have to recover from the damage done by missing payments.

Feeling Stuck

Choosing to remain in a bad timeshare contract can leave you feeling stuck. Timeshare exit services work to remove you from a bad contract while keeping your credit intact. Remaining in your timeshare contract will only drain your finances more than taking the opportunity to exit with no obligation. The same goes for attempting to sell your timeshare – it’s often next to impossible to do and will leave you feeling trapped.

Exit Scams

While there are plenty of reputable timeshare exit services out there, there are also scam artists who claim to get you out of your timeshare for a hefty upfront fee. If you choose not to go with a reliable timeshare exit company, you risk running right into the hands of scammers. Scammers will often cause lasting damage to your credit if allowed to run where they please, so be skeptical of any offer that seems too good to be true.

The Bottom Line

In the end, the pitfalls of not using a timeshare exit company generally come down to finances. By using a reputable timeshare exit company, you work proactively to preserve your credit and remove yourself from a bad business contract, either signed or inherited, with no additional stress and hassle.

That said, a timeshare exit company is not the same as a law firm. It’s also illegal for them to advise that you stop making your timeshare payments until after the cancellation has been finalized. Your credit score can affect your personal and professional life in a variety of ways, so it’s best to be cautious, get everything in writing, and make sure the move you’re about to make is a financially sound one.

More Timeshare News

When is the Best Time to Contact a Timeshare Lawyer?

When is the Best Time to Contact a Timeshare Lawyer?

A timeshare can be a complicated investment, considering that you'll be sharing a property with several other owners and each joint owner has limited rights to the property. In such contractual arrangements, it's often better to consult with a qualified legal...

Questions to Ask a Timeshare Exit Expert

Questions to Ask a Timeshare Exit Expert

Timeshare contracts can become a burden due to their perpetual nature since the contract never ends. Even if you pass, your beneficiaries are stuck with the timeshare contract. According to research, 85% of timeshare buyers want to cancel their contracts at some...

Timeshare Cancellation or Transfer: What is Best for You?

Timeshare Cancellation or Transfer: What is Best for You?

Millions of people in the United States own a timeshare. Due to the economic hurdles caused by the pandemic, many people are seeking to cancel or transfer their ownership. There are different methods people can use to opt out of or cancel their timeshare ownership....