Table of Contents
01. About Preferred Cancellation Services / Windham Venture – Florida Based Timeshare Exit Company From 2014 to 2024
02. Financial Performance and Challenges – Decline in Positive Online Customer Reviews Over the Years
03. Closure and Business Withdrawal – Website and Social Media Still Up, But Company No Longer in Business
04. Closing Thoughts – Preferred Cancellation Services / Windham Venture’s SNS and Overall Rating Review
Timeshare ownership can often turn into a burden, leading many owners to seek professional help in exiting their contracts. One such company, Preferred Cancellation Services / Windham Venture, offered solutions for those looking to escape their timeshare commitments. In this updated review, we revisit our previous assessment of the company, reflecting on its performance over the past year and its recent closure in May 2024. This article aims to provide an in-depth overview of the company’s operations, customer experiences, and the reasons behind its shutdown.
━ About Preferred Cancellation Services / Windham Venture
Preferred Cancellation Services / Windham Venture, established to assist timeshare owners, specialized in contract cancellation and exit strategies. The company positioned itself as a trustworthy partner, promising to alleviate the financial and emotional burdens of unwanted timeshares. They offered various services, including legal consultations, negotiations with timeshare companies, and comprehensive exit plans tailored to individual client needs.
➤ Customer Experiences
Throughout its operation, customer experiences with Preferred Cancellation Services / Windham Venture were mixed. Some clients reported successful exits and praised the company for its professionalism and efficiency. These satisfied customers often highlighted the transparency and clear communication from the company’s representatives, as well as the relatively straightforward process.
However, not all reviews were positive. Several customers expressed dissatisfaction with the company’s services, citing issues such as slow response times, unclear contract terms, and, in some cases, the inability to secure a successful exit. These negative experiences raised concerns about the company’s reliability and effectiveness, leading to a decline in trust among potential clients.
━ Financial Performance and Challenges
In the lead-up to its closure, Preferred Cancellation Services / Windham Venture faced several challenges. The timeshare exit industry is notorious for its complexity and regulatory scrutiny, making it difficult for companies to maintain consistent performance. Preferred Cancellation Services / Windham Venture was no exception. Reports indicated that the company struggled with financial stability, which was exacerbated by a decline in client intake and increased operational costs.
Date of Experience: April 11, 2024 – Andrey Geydebrekhov (Trustpilot Review)
After almost 4 years I’m concluding that these guys may just be scammers. Neither of the phone numbers on their website work anymore, they’ve stopped responding to emails or communications regarding the status of our case. And when they would respond in the past, they would always say it’s on track but will take more time. Even though they originally quoted 1 year. If you’ve fallen for the trap of buying a timeshare, do yourself a favor and avoid turning to these guys. It’s just a 2nd trap to take more money from the vulnerable.
The company’s difficulties were further compounded by regulatory pressures. The timeshare exit industry has faced increased oversight in recent years, with authorities cracking down on deceptive practices. Although no specific allegations were made against Preferred Cancellation Services / Windham Venture, the heightened regulatory environment likely contributed to their challenges.
━ Closure and Business Withdrawal
In May 2024, Preferred Cancellation Services / Windham Venture filed for business withdrawal with the Florida Department of State, effectively ceasing all operations. This sudden closure left many clients in a state of uncertainty, as they were left without the support they had paid for. The reasons behind the shutdown remain somewhat unclear, but it is evident that financial difficulties and the challenging regulatory landscape played significant roles.
━ Closing Thoughts
The story of Preferred Cancellation Services / Windham Venture serves as a cautionary tale in the timeshare exit industry. While the company had moments of success and satisfied clients, it ultimately struggled to maintain a consistent and reliable service. The closure of the company in May 2024 marks the end of its chapter, leaving former clients and potential customers to seek alternative solutions for their timeshare exit needs. As the industry continues to evolve, it is crucial for consumers to thoroughly research and vet companies before entrusting them with their timeshare exit.
Below is a list of Preferred Cancellation Services / Windham Venture‘s social media, however it is unknown whether any of them are still being monitored:
OVERALL RATING: Closed
To continue educating yourself about the timeshare industry, read more Timeshare Exit Bureau blogs.