(NewsUSA) - Every year timeshare owners lose millions of dollars by hiring the wrong exit company. A lack of effective regulation has led to the proliferation of timeshare exit companies -- many of which are not able to fulfill the promises made to their customers -- prompting the Better Business Bureau to issue alerts and revoke the accreditation status on over 40 timeshare exit companies.
"It can be difficult for timeshare owners to know who to trust," says Gordon Newton, president of Newton Group, a leading timeshare exit company for over 15 years. "Many exit companies lure timeshare owners with elaborate marketing gimmicks but lack a stable business model. That's why so many exit companies fold and, when they do, they take all their guarantees and money with them."
Newton says an astounding 25 percent of their clients (that's 1 in 4 timeshare owners) who tried ending their ownership before hiring Newton Group, had previously hired another exit company which failed -- costing consumers more time, money and the aggravation of still being locked in an unwanted timeshare contract.
But there is hope. To help timeshare owners vet exit companies and avoid hidden exit scams and pitfalls, Newton published the industry's first and only "Consumer's Guide to Timeshare Exit" in 2018. Now Newton has updated The Guide with crucial insights from this ever-evolving industry. For example:
- How seemingly harmless marketing ploys like "proprietary services" can hide deceptive -- or even non-existent -- exit services.
- The dangers that may be lurking behind an A+ rating at The Better Business Bureau and how to dig deeper using the BBB website to get a more complete picture of a company's experience and expertise.
- How a money-back guarantee can turn to dust when an exit company using risky exit processes goes bankrupt.
"We are proud of the protection the Consumer's Guide offers timeshare owners," Newton says.
"This has been our unwavering focus and it shows in everything we do, from our customer service to our timeshare exit process -- we educate, empower and protect. Newton Group clients rest easy knowing they hired the right exit company and that we are working on their behalf."
For even more tips and insight, visit myexitguide.com to download a free copy of "The Consumer's Guide to Timeshare Exit" or call (888) 344-9776.