Flight Path

Investigation Shows: Dave Ramsey’s Advice Should Be Ignored

Inside Edition aired their investigation into Dave Ramsey’s three-year endorsement of Timeshare Exit Team, a company currently being sued by the Attorney General of Washington State. Their conclusion: Ignore his advice, and you’ll be richer for it.

Don’t Pay For Something You Can Do Yourself : 3 Proven DIY Exits

With over 850,000 owners looking to get rid of their timeshare, the sharks are circling and taking advantage of people, especially seniors. According to the Better Business Bureau Institute’s Scam Tracker, travel/vacation/timeshare scams were again the riskiest situation for people 65+ in 2020.

So How Can Someone Get Out of a Timeshare without being scammed? Just like one of the successful timeshare owners interviewed in the Inside Edition Investigation who secured their own exit, this is something you can do yourself.

If you just bought a timeshare and have second thoughts, you can cancel your timeshare contract and get all of your money back if you’re within your rescission period.

1. Use the Cooling off Period

Depending on state law, you have 3-15 days to contact the resort and file a rescission letter to cancel your timeshare. Timeshare Users Group, the oldest and largest owners group and advocacy organization reports that people, on average, save $18,000 by writing a letter and sending it to the timeshare resort during this window.

If you own your timeshare free and clear, you can simply give it back to your resort or timeshare chain. Why pay Timeshare Exit Team or another expensive company thousands of dollars when you can exit your timeshare yourself with one phone call?

2. Take Advantage of Deedback Programs

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