Interval Exit Services, LLC
Interval Exit Services, LLC Review
Benjamin Whited, President/CEO, started Interval Exit Services in 2019. The principal address listed for this company is an apartment in Charlotte, NC (pretty sketchy). We also found two other businesses under Mr. Whited, 3309 Durham, LLC, and Alexander Industrial Park Land Condominium Association, Inc. We are going to be honest to tell you we think this company is a scam or just haven’t been caught yet. Take a look at some of the best cancelation company(s) that we have reviewed and prefer in 2022 and 2023.
Free Survey:
Cancel Your Timeshare!
Website Review
This large, captivating website is beautiful and really gets your attention. The header makes some bold claims. They are updating their site in 2022 and we will make sure they do the same in 2023.
- The industry leader in Timeshare Debt Cancellation
- Over 40 years combined experience
- Associated with over $50 million in debt cancellations
- Associated with over $2 million in refunds. If this is true, it’s the most outrageous amount of recovered money we’ve ever seen.
- Thousands of contracts canceled since 2017
Keep in mind; there is no way for the ordinary person to verify any information above.
Licensed, bonded, and insured in Florida and North Carolina.
Interval Exit Services offers a 100% Money Back Guarantee, but they wouldn’t have to if an escrow option existed.
They are not a law firm but do utilize attorney services if needed.
Credit protection is offered but nowhere on the site
About Our Services
Cancellation of timeshare contracts is accomplished by identifying the misrepresentation of the product and services within the sales process.
About Drop Down Menu
Mission Statement and What We Do section is the exact wording.
Services
Mortgage Contracts
- Ownership/Debt Reduction—This service reduces the number of points and reduces the overall contractual debt amount to a more manageable position. This is done by canceling your last upgrade.
- Ownership/Debt Elimination—This service eliminates a total debt, leaving you with the points you’ve paid for in full. As a matter of fact, your obligation is only the maintenance fees attached to the remaining issues. Many Timeshare companies will take back a paid-off deed for frequent to a more manageable position.
At the bottom of this page is a short 36-question form to answer to have someone call you back for your consultation.
Paid off Contracts
This page explains nothing about paid-off contracts or timeshare cancellations. A paragraph is telling you why the timeshare industry is bogus, along with a short form to fill out to send.
Timeshare Debt Cancellation
- Free Consultation
- Financial Freedom
- Credit Protection
- Timeshare Attorneys are Unnecessary
Frequently Asked Question
– What do Interval Exit Services do?
They offer a reduction, where 1 or 2 of your most recent contracts are eliminated. Or cancel the entire contract.
– How long does this process take?
Because every case is different, exiting could take three months or three years. It depends on many factors.
– Will this process hurt my credit?
The company claims, no. They offer credit protection but do not explain the extent of this protection.
– What Happens if you are unsuccessful?
Nothing. After all, if we fail, it will cost you nothing.
– Will I receive a refund for the money paid to the Timeshare company?
Every case is different; however, in approximately 70% of our cases, a refund is issued by the developer or Credit Card company. This is unbelievable, literally.
Surety Bonds vs. Escrow Accounts
In brief, a surety bond is a promise to be liable for the debt, default, or failure. It is a three-party contract by which one party (the surety) guarantees the performance or obligations of a second party (the principal) to a third party (the obligee).
Both are a 3rd party entities that will assure clients that monies are protected from fraud, scams, and bankruptcy. Not only do escrow accounts require the full-service fee be deposited in one lump sum, but also clients do not have access to large sums of cash to fund accounts. Escrow accounts are a fee-for-service product costing between 2%-6.5% of monies deposited. While this may be true, it’s a small price to pay for protecting your money.
Generally speaking, this additional fee drives up company and client costs of service.
Not to mention, Surety Bonds does not cost the client any money. They provide insurance on cash paid for services; the bond insurance reimburses client funds if services are not rendered. These are required in the state of Florida when a company guarantees its work.
The Truth About Timeshare
The Pitch: Enjoy the status and adequate treatment as a condo owner.
The Truth: You don’t have to own a timeshare to have access to a condo or a well-equipped hotel room while on vacation.
The Pitch: Owners can sell their timeshare whenever they want.
The Truth: Timeshares are hard to sell in 2022, to be sure. Timeshares are practically worthless and are found on ebay selling for as little as $1.
Timeshare Users Group (TUG)
We went straight to the source, the TUG forum about Interval Exit Services. One owner who was wary of talking with interval went to the forum to ask for opinions. What she got was pure gold—the truth. This owner gave us a gift, and she uploaded Interval Exit Services’ entire contract. In light of this information, you might reconsider hiring this company. We find it odd that she did ask for an escrow option but was denied. That’s just shady. Keeping your money protected in case the business closes up shop and disappears is only suitable.
BBB
Interval Exit Services, LLC, located in Tampa, and Interval Exit Services, located in Charlotte, have two different BBB pages and logos. One page has six reviews, and the other only a single review—all with a 5-stars. The A+ rating isn’t as impressive as if they would have hundreds of reviews for how many contracts they’ve claimed to cancel, as shown above. One reviewer did say they owed over $55,000 to Hilton Grand Vacations and Interval Exit Services got them back just over $48,000.
Final Word
All things considered, the company has been around for years and yet has barely any reviews online or across the internet. Given these points, you’d think with such a high cancellation rate and the millions of dollars saved; more people would be raving about how excellent this company has been to them. In the long run, you’re better off hiring an attorney-owned exit company. In fact, there are other more reputable companies out there. With this in mind, take a look at our other reviews that we have completed in 2022. We will continue to update all the timeshare cancellation companies that come around in 2023.