Timeshare Exit Team Ratings
As of March 2022: The Timeshare Exit Team BBB page no longer exits due to their recent closure. To learn more, click here.
The Timeshare Exit Team BBB page lists them as “non-accredited” companies with a “C-” rating. They have over 670 reviews and 404 of those are all Timeshare Exit Team complaints.
It didn’t stop there, on November 28th, 2018, the Better Business Bureau released a statement that they’ve received a “pattern of complaints” from past clients. As we read through the BBB’s statement, we found numerous timeshare owners complained how the company refused to honor their “100% Money-Back Guarantee.” And no the waiting period wasn’t a couple of days, some of the owners even mention how they’ve been waiting for several years to get their money back!
So the Better Business Bureau didn’t say the greatest things about Timeshare Exit Team, but as our team checked out their Trustpilot page we noticed they dropped from a 4 to a 2.9/5-star rating. Yelp even lowered their score to a 2.5-star rating because of customers complaining about “false promises” that the company failed to fulfill.
Sounds like Dave Ramsey needs to pack his bags and pull his endorsement because this ship is sinking!
Here is a recent complaint made by a past Timeshare Exit Team customer on the BBB:
Timeshare Exit Team Lawsuit
Timeshare Exit Team has been sued multiple times since its establishment in 2012. More recently, on Friday, August 14th, 2020, the King County Superior Court denied the State of Washington’s motion for a preliminary injunction with its lawsuit against Reed Hein & Associates, who is also known as Timeshare Exit Team and 321Exit.com. The Court decided that the evidence the State provided was not enough to support the injunction.
The complaint was filed back in February 2020. As our team dug deeper, we learned Timeshare Exit Team was accused of many unfair or deceptive business practices. According to many consumers, the company was not holding their end of the bargain of their “100% Money-Back Guarantee.” Now many of their past clients are angry because the company has failed to refund them for over several years.
Yes, this might be a major win for Timeshare Exit Team, however, the lawsuit is still far from over. To learn more about the lawsuit filed by the Washington State Attorney General – Bob Ferguson, click here.
In 2017, Timeshare Exit Team was involved with two more lawsuits: one with Welk Resort Group and the other with Holiday Inn Vacations Club. The Welk Resort Group sued the company for allegedly:
“Operating a nationwide racketeering scheme to induce vacation owners to disrupt Welk’s contractual relationships with its vacation owners; thus causing a breach of contracts, delinquencies, and defaults that damaged Welk, the vacation owner association, and vacation owners.”
As our team looked into the lawsuit, Timeshare Exit Team presumably told Welk timeshare owners to stop paying their timeshare maintenance fees.
Unfortunately, they said this with a false guarantee that the timeshare owner’s credit score would not be affected. Thus leading to many timeshare owners jeopardizing their credit scores. To learn more, click here
The Holiday Inn Vacations Club sued Timeshare Exit Company for “interfering with customer contracts and misleading owners about its ability to get them out of timeshares.” This lawsuit was rather interesting because, on the eve of the trial, both companies agreed to settle without adjudicating any of the legal issues that remained. To learn more, click here
Timeshare Exit Team Dave Ramsey
As many of you may already know, Dave Ramsey is a financial guru and an extremely well-known radio host. Dave Ramsey has made it very clear on his “Dave Ramsey Show” that if there’s one exit company he trusts, it’s Timeshare Exit Team and only them.
Dave Ramsey said on YouTube “At first I was reluctant to partner with a company involved in the timeshare exit space. You have to be very careful about who you partner with. Trust me.” Dave Ramsey seems like he’s willing to put his reputation on the line for this company.
Currently, they are the prime focus for the Washington State Attorney General – Bob Ferguson. Endorsing a company with such a history in lawsuits could make things ugly for Dave Ramsey. We hope he truly knows everything about them and how they operate and isn’t just endorsing them for attractive compensation. If you decide to hire Timeshare Exit Team, we highly suggest you contact our team first.
Timeshare Exit Team Steve Harvey
Steve Harvey is another big-name radio and tv celebrity. Steve Harvey has openly endorsed Timeshare Exit Team, even though he may not be the most active in the financial industry. He has a tremendous voice when it comes to expressing what is right and wrong. If a famous individual like Steve Harvey endorses Timeshare Exit Team, he must have a good reason. Our team still recommends working with timeshare exit companies that offer escrow, so you don’t pay a single penny up-front to the company until your timeshare contract is canceled. Why would you want to take the risk of paying thousands up-front, and your timeshare is still not canceled?