Escrow adds an extra layer of protection compared to its counterpart, the 100% Money-Back Guarantee. Now we do not want to completely discredit the 100% Money-Back Guarantee either, it still can be beneficial if the company you’re considering has a strong positive presence in the cancellation industry. This option can actually be a lot cheaper because with Escrow, typically you have to pay an additional fee for this option. So this option could be quite beneficial if you work with a reputable company who has secured financial assets to back up this claim.

Many exit companies can boast they’ll succeed or they’ll refund you 100% of your money back, but not all of them can truly back up this statement. What happens if the company decides one day to stop answering all your phone calls, emails, texts and next month they file for bankruptcy? They’re not going to refund you your money, they went broke! Even on a moderate level our team has seen exit companies take years to refund you your money because they claim they’re “still working on your case.”

A recent example of this scam can be found if you Google an exit company by the name of “Resort Release.” As our team looked closer on the situation, we found many upset timeshare owners who complained they never received their refunds back. Thousands of dollars lost because the company filed for bankruptcy on April 4th, 2019. 

Not only did the owners lose all their money, but they still bear the burden of their timeshare payments since they never successfully canceled their timeshare contract. Resort Release wasn’t the only exit company to pull such an elaborate scheme. If you search for “Asconsumercredit, Mutual Release Corporation, Vacation Consulting Services, UDI Consulting, & Castle Law Group”, you’ll find similar scenarios. To learn more about what happened to these owners, click here.