Firstly, American Settlement Services is one more timeshare exit company that claims it can get rid of your timeshare. Based in Springfield, MO, the company has been in business for a little over 7 years now. Dating back to its establishment in 2013. Secondly, Get the company here.
As our team reviewed the company, we noticed they have the same owner as Nationwide Settlement Solutions – Michael Miles. This would explain why both companies have such similar reputations online.
If you’re looking for a fair and honest review, you will get here. Moreover, Our team has compiled in-depth details of the company filled with many pros and cons. It is to give our readers better insight into how American Settlement Company operates. It is equally important according to us that every timeshare owner should know a couple of tips before you are working with any exit company. Initiate a live chat, or fill out our free consultation form to learn more.
American Settlement Services Reviews
American Settlement Services reviews are mixed, which is very concerning since Nationwide Settlement Solutions reviews are not positive.
As we reviewed the company’s website, a couple of sections did stand out to our team. American Settlement Services has a homepage statement that says, “Terminating Your Timeshare Legally.” As we searched through their site, we could not determine if they use timeshare attorneys. Also, there is no mention of their exit process anywhere. It makes you wonder just how “Legal” is their cancellation process?
To try and verify this statement, we clicked on their “What We Do” page. Here American Settlement Services vaguely states how they assess your situation. There are no clear details on exactly how they cancel your timeshare. The “Ending Your Timeshare” page only lists common lies that are told during a sales presentation. Although this is beneficial information, no mention of the cancellation process is stated here either. Having a timeshare attorney handle your case is possibly the best asset you can have on your time. Think about it; you signed a legally binding document. The best way to cancel it is legal; by hiring an attorney who specializes in timeshare contracts.
A timeshare attorney’s role is to look for misrepresentations in your contract. Timeshare contracts are very complex and designed to keep owners trapped. It’s best to let an expert familiar with the law, as well as the timeshare industry, handle your timeshare cancellation. A legitimate exit company that works with timeshare attorneys knows the ins and outs of the industry. So if one method fails, they can always use their experience to leverage other options.
Returning to the American Settlement Services homepage, we stumbled upon a “Satisfied Customers” page. Unfortunately, the company only has 3 written testimonials. Only 1 has a profile picture, and the other 2 are faceless photos. And there are no video testimonials on this page, and the written reviews are all from 2 years ago. Unfortunately, this is very disappointing for a company that has been in business for over 7 years now.
American Settlement Services does put a heavy emphasis on their CEO – Michael Miles. A CEO who is fully behind his company is an excellent sign that they are reputable because it demonstrates the big boss is willing to put his reputation on the line. However, Michael’s reputation seems to be in jeopardy here with American Settlement Services. The website looks very basic, with no description of their cancellation process, use of attorneys, 100% Money-Back Guarantee, or escrow payment option. For a company that’s been in business for 7 years, their testimonials page was a letdown as well. Online, many American Settlement Services reviews are mixed, damaging the company’s image even further.
Cost & Fees
American Settlement Services Costs & Fees
American Settlement Services fees are not listed online. This is relatively common in the timeshare cancellation industry. Most timeshare exit companies do not list their costs online because prices are based on your timeshare contract’s complexity. Other factors, such as mortgage debt, can increase your exit service fees since these contracts are a little more challenging to get out of.
After our team went through numerous American Settlement Services reviews, we could not confirm how much American Settlement Services costs. We found a few American Settlement Services BBB reviews where some owners claim they were charged $1,000-$12,000 in exit fees. A standard range in the timeshare cancellation industry can run from $3000-$8000, so these prices seem rather extreme. Still, we never recommend you pay any up-front fees, so you stay protected from a timeshare exit scam. And If someone charges you something outside of this range, we suggest you explore other exit options.
American Settlement Services Ratings
Update as of February 2021; the American Settlement Services BBB page has an “NR”-Not Rated rating with a 3.04/5-star rating out of 26 customer reviews. The company does not have an accreditation with the Better Business Bureau. And they have had 35 complaints within the last 3 years, with 5 within the previous 12 months. This means there are more American Settlement Services complaints than there are customer reviews.
The company has no ratings on Trustpilot or Yelp reviews. There is an American Settlement Services Facebook page where the company has a 4.1/5-star rating out of 9 people. However, they have a 3.1/5-star rating on Google out of 26 reviews. Below is are the 2 most recent American Settlement Services reviews from the Better Business Bureau:
Overall, American Settlement Services does not seem legitimate. Unfortunately, there are many negative American Settlement Services reviews, and the same goes for their affiliate company – Nationwide Settlement Services. American Settlement does not offer an escrow payment option or mention a 100% Money-Back Guarantee. Also, nothing is mentioned on their site about how long their cancellation process takes or if they use timeshare attorneys to help you cancel your timeshare contract. Overall, we cannot recommend American Settlement Services.
We recommend you read over our website, fill out the form on the right or contact us through Live Chat for a free personalized consultation. We’ll help you determine if an exit company is reputable. Our team recommends working with trustworthy timeshare exit companies that offer an escrow option, so you pay no up-front fees until your timeshare contract is canceled. Learn more about how you can protect yourself against a timeshare exit scam!
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LAST UPDATED: October 25, 2023
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