Tips for Exiting a Timeshare

Published: Jan. 11, 2021 at 10:32 AM CST
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MONROE, La. (KNOE) - Last year was tough for many people’s finances, so you may be looking to get out of a timeshare agreement you don’t need anymore.

The Better Business Bureau says a Monroe resident called recently to tell them that sellers are calling to try and help you exit your timeshare. But, the BBB says you don’t actually need to use a service to get out of that agreement, you can do it on your own without a dime.

“The individuals who were going to help her, were going to actually pocket the money, knowing that she could exit without a fee,” says Jo-Ann Deal with the BBB. “If you need to exit a timeshare you can actually do it by contacting the property where you hold that timeshare if you don’t have any outstanding charges and it’s paid for in full you can request a relief exit.”

If you do get called by someone, Deal says you should ask for their information so you can research their credibility.

“Get their name, address, and phone number, what resort they’re associated with, make sure you have information about their licensing,” says Deal.

If you’re looking to get into a timeshare agreement, Deal says it’s important that you always look over the contract carefully and only sign on to what you can pay for.

For help, you can head to the American Resort Development Association’s website for help.

You can call the BBB of Northeast Louisiana at (318) 387-4600. Their office is still working from home, so your calls will be sent to voicemail and then returned.

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