Table of Contents
01. About Fastest Exit – Arizona Based Timeshare Exit Company From 2019 to Closure
02. BBB Investigation and Findings – High Volume of Customer Complaints Triggers BBB Involvement For Alleged Mexico Wire Transfers
03. Current Status – Fastest Exit Denies Having Mexican Bank Accounts and No Longer in Business as of May 2024
04. Closing Thoughts – Links to Fastest Exit’s SNS & Overall Rating Review
Fastest Exit, a timeshare exit company based in Phoenix, Arizona, has been a notable player in the timeshare cancellation industry. However, recent developments have led to significant concerns among consumers. This article provides a detailed review of the company, including insights from its Better Business Bureau (BBB) profile and recent business practices.
━ About Fastest Exit
Fastest Exit positioned itself as a solution for timeshare owners seeking to exit their contracts. The company promised to assist clients in navigating the complex process of timeshare cancellations, offering a range of services designed to facilitate exits from contractual obligations. Despite its initial success, the timeshare exit company has recently faced considerable scrutiny and controversy.
━ Recent BBB Investigation and Findings
In June 2024, the BBB initiated an investigation into Fastest Exit following a surge in consumer complaints and inquiries. The complaints centered around the company’s practices related to settlement claims with contracted resorts. Allegations suggested that the company contacted consumers claiming they were due a settlement and required payments for taxes in Mexico, ranging from $3,000 to $23,000. The BBB reached out to the timeshare exit company to address these concerns and confirm their operational status. Subsequently, Fastest Exit responded on July 2, 2024, with a statement announcing its cessation of business operations as of May 15, 2024.
In this statement, the company clarified several points:
➤ Business Closure
All operations ceased on May 15, 2024. Consequently, the company is no longer in business.
➤ Refunds
In addition, the company assured customers who had made payments for tax-related services between April 1, 2024, and May 15, 2024, that they would receive communication from the company’s counsel regarding refunds.
➤ Fraud Warnings
Furthermore, consumers are warned against sending wire transfers to Mexico, clarifying that the company does not hold accounts in Mexico.
➤ No Association
Finally, the company disassociated itself from various domains and entities that were allegedly misleading consumers.
━ Current Status
The BBB website currently lists Fastest Exit as “Out of Business.” Consequently, this status indicates that the company has ceased operations and, therefore, may not be available to address ongoing customer issues or concerns directly.
Consumers who have interacted with Fastest Exit or are affected by recent developments should take the following steps:
➤ File a Complaint
Customers with unresolved issues should file a complaint with the BBB to ensure their concerns are officially recorded.
➤ Contact Authorities
Reach out to the Federal Trade Commission (FTC), local Attorney General offices, or financial institutions (such as banks) for additional support and possible avenues for recourse.
➤ Avoid Fraudulent Practices
Be wary of any further communication requesting payments or sensitive information, especially if it involves international transactions or unfamiliar entities.
━ Closing Thoughts
The closure of Fastest Exit and the related issues revealed by the BBB investigation underscore the importance of thorough research and vigilance when dealing with timeshare exit services. Consumers should remain informed and proactive to protect themselves from potential fraud and ensure they receive appropriate support in resolving timeshare-related matters.
Below is a list of Fastest Exit‘s social media, however it is unknown whether or not any of the following is still being monitored:
OVERALL RATING: Closed
To continue educating yourself about the timeshare industry, read more Timeshare Exit Bureau blogs