Advocate Financial Services is a timeshare exit company that is originally founded in Fort Lauderdale, Florida. The company has an interesting website, as our team investigates their website, the company claims that it is not a law firm or represents a law firm but it helps individuals that have been misrepresented by the timeshare company. Advocate Financial Services uses the Consumer Protection Law in their favor to help you get out of the timeshare contract. Common misrepresentations or deceptive sales practices according to Advocate Financial Services website are:
- “Was conveyed that the “tour” would only be for 90 minutes when in fact it took the entire morning, afternoon, or evening
- Aggressive sales tactics applied after multiple rejections to sales representatives’ purchase offer, is considered unlawful pressure exerted upon a person to coerce that person to perform an act that he or she ordinarily would not perform.
- Conveyed purchase would be considered an investment as timeshare could be sold or rented for profit.
- Was conveyed that it would be a one time/day offer and that timeshare would be available ONLY to members and not accessible to the general public for usage or rent”
Another interesting information we saw on the Advocate Financial Services website was testimonials. There were more than just video testimonials, the website had authentic hand-written testimonials alongside audio recorded testimonials. From this information, we can conclude the company truly believes in what they offer and so does their clients. Also under their credentials page, the company provided two significant images of awards they have achieved. One award was the 2015 Financial Service Provider of the year, the second award was the 2019 Fort Lauderdale Business Hall Of Fame award. The company does not offer an escrow option. The company does not provide a cost on their website, this will be only determined through a free consultation through them. Another interesting information that we came across was Advocate Financial Services has an Insured and Bonded; $50,000.00 ‘surety’ bond which guarantee’s clients’ services being rendered. This is fairly unique because most timeshare exit companies do not provide a surety bond. The processing time and the cost on the Advocate Financial Services website were not mentioned, which is a common practice in the timeshare exit industry.
Advocate Financial Services Licensing
Advocate Financial Services claims to have an A+ rating on their website but as we go to the Better Business Bureau website, we come across astounding information, the business is not ‘BBB’ Accredited and they only have an average of 2 reviews with 3 stars. This is concerning because if Advocate Financial Services has been doing business for 7 years, why do they only have two reviews? Did they buy this business from a different individual, or did they transfer the domain over? As we dive deep and read into the reviews, we come across a review which states the service representative acting rude and disrupt over the phone, which may be a concern for some. There were no Yelp or TrustPilot reviews.
As a people-first review company, we take it upon ourselves to recommend you the safest timeshare exit company. Advocate Financial Services receives a 3.0/5.0 MyTER Rating from our team. This score is based on not having an escrow option alongside getting a 3-star customer rating on the Better Business Bureau and not being accredited by the Better Business Bureau. It is very important to protect yourself from timeshare scams, always research a company prior to working with a timeshare exit company and if you need an extra layer of protection, look for a company that provides an escrow option and make sure to read detailed reviews before choosing a timeshare exit company. Price can always be haggled with the timeshare exit company because they work on commission. Always remember, you have to protect yourself first!