Frequently Asked Questions About Southwest Exit Strategy
How do I know if I qualify for a timeshare cancellation?
Eligibility for timeshare cancellation is determined by the specific circumstances of your purchase. Many individuals qualify if they experienced misleading sales presentations, high-pressure sales tactics, or if the developer failed to disclose crucial information. A consultation is typically necessary to assess your eligibility.
How long does the timeshare exit process take?
The duration of the timeshare exit process can vary significantly depending on factors such as the resort, contract terms, and legal approach employed. Generally, reputable companies resolve most cases within 6 to 18 months. However, exits involving legal action may require additional time.
Will canceling my timeshare affect my credit?
When handled correctly, most timeshare exits do not negatively impact your credit score. Potential issues typically arise only if owners cease making required payments before receiving professional confirmation that it's safe to do so.
Do I need to keep paying my maintenance fees during the process?
In most cases, it's advisable to continue paying maintenance fees until your exit is officially completed. Prematurely stopping payments can lead to collection issues. Your exit company will provide guidance based on the specifics of your case.
Are you a law firm or do you work with attorneys?
Timeshare exit companies operate under various models. Some function as full-service law firms, others collaborate with licensed attorneys, while some operate as consulting or advocacy groups. It's important to verify who will be handling the legal aspects of your case.
How much does timeshare cancellation cost?
The cost of timeshare cancellation varies based on factors such as contract complexity, resort policies, and whether legal action is necessary. Fees typically range from $3,000 to $10,000. Reputable companies offer transparent, flat-rate pricing without hourly billing.
Do you offer a money-back guarantee?
Many exit companies provide conditional guarantees if they are unable to successfully complete the cancellation. It's crucial to carefully review the terms and ensure that the guarantee is provided in writing.
Can I resell my timeshare instead of canceling it?
The resale market for timeshares generally offers little to no value. Successful resales are rare, typically limited to high-demand weeks at premium resorts. For the majority of owners, cancellation often presents a more viable option.
What documents do you need from me to start the process?
To initiate the process, commonly required documents include your original contract, any loan or financing documents, maintenance fee statements, correspondence with the resort, and identification documents.
How do I know you are a legitimate timeshare exit company?
To verify the legitimacy of a timeshare exit company, consider factors such as Better Business Bureau (BBB) ratings and reviews, transparent pricing and written contracts, use of licensed attorneys, absence of unrealistic promises, and verified success stories or case results.