In 2021, Dave Ramsey threw down a “Bring it!” challenge, aiming it at Michael Flaskey, the former CEO of Diamond Resorts. However, the tables turned when 17 of Dave Ramsey‘s former fans claimed they acted on his endorsement of Reed Hein’s Timeshare Exit Team. They sought help to leave their unwanted timeshares. On August 10, 2023, Dave Ramsey‘s lawyers responded with a Motion to Dismiss. They filed the $150 million lawsuit earlier on April 28, 2023.
Celebrity Endorsements
These are very common the industry. For instance, Steve Harvey and Laura Ingraham have also backed the Timeshare Exit Team. Steve Harvey’s Morning Show nationally endorsed the Timeshare Exit Team. Similarly, Laura Ingraham nationally endorsed Resort Release.
Some plaintiffs have raised concerns. They claim they didn’t know Dave received payment for his endorsement. But Dave clarified his stance in a 2021 broadcast about the timeshare industry. He mentioned that Reed Hein advertised on his show and firmly stated that he only endorses products he believes in. He added that he doesn’t just lend his name or voice for money.
However, the Timeshare Exit Team faced financial issues. They had to stop advertising on Dave‘s show because they couldn’t afford it. As a result, you don’t hear about them on his show anymore.
Moreover, like the Timeshare Exit Team, Resort Release faced multiple lawsuits and eventually went out of business. This strategy seems to be backfiring. Many unknown exit companies have started reaching out with offers. One Diamond Resorts member even received an offer to buy his Diamond points for $178,750. But these points don’t have any resale value.
The Offer Details Included:
● The current point value, as discussed with Diamond/Hilton Max, is over $8.00 a point. The offer stands at $5.50 a point, excluding commission, totaling $178,750.
● A bonded/insured Realtor and Title Company will handle the transaction. Diamond/HiltonMax, Ardaroc, and an attorney will vet these companies.
● Diamond/Hilton Max‘s legal team will review and approve the transfer.
● Payment will be through a certified check. Diamond/Hilton Max will release the points once the money is in the bank.
● The seller won’t pay any upfront money. The buyer will cover the Title Insurance.
● All reservations will remain valid. The sale will start with the 2025 points, and the 2024 points will roll over to Hilton Honors.
So, who’s to blame?
Support is crucial, especially when the only option seems to be defaulting. Hal, a former Westgate Resorts owner, shared his story. He and his wife, both diagnosed with cancer, couldn’t travel long distances anymore. He found an article about ARDA’s Coalition for Responsible Exit. Westgate was listed as a founder. But when Hal reached out to Westgate, they denied any association and refused to take back his timeshare.
The coalition includes many big names like Club Wyndham, Diamond, Hilton, and Marriott. Bluegreen and others are expected to join soon.
The lawsuit against Dave Ramsey and his companies is ongoing. The plaintiffs argue that many relied on misleading endorsements. The defense believes the class action isn’t valid for several reasons. They’ve requested the court to dismiss the class allegations.
Conclusion
Endorsements play a significant role in consumer decisions. Celebrities, like Dave Ramsey, often endorse products. They get paid for these endorsements. So, the question arises: who should be responsible when things go wrong? The celebrity or the endorsed company? We believe the celebrity should ensure their endorsements are genuine. After all, their name and reputation are on the line.
Your Partner in the Timeshare Exit Journey: Why Choose leavetimeshare.com
Feeling overwhelmed with the timeshare exit process?
Don’t worry, we at leavetimeshare.com are here to assist you every step of the way.
Navigating through the complexities of timeshare contracts, finding legitimate exit options, and avoiding potential scams can be daunting. But with our industry knowledge and experience, we can help simplify this journey for you. Our aim at leavetimeshare.com is not only to provide you a lifeline out of your timeshare obligations, but also to educate you throughout the process. We believe in empowering you with knowledge, so you’re equipped to make informed decisions.
Why Should You Choose leavetimeshare.com?
Trustworthy Guidance: We’re known for our honesty and integrity in an industry that can sometimes be quite murky. We pledge to provide accurate, reliable information and expert guidance.
Tailored Solutions: We understand that every timeshare owner’s situation is unique. Therefore, we tailor our approach to fit your specific circumstances, offering personalized exit strategies.
Consumer Advocacy: We’re more than just a timeshare exit service. We’re advocates for you, the consumer. Our mission is to protect you from unfair sales practices and misleading information.
Commitment to Education: We strive to keep you informed about the timeshare industry, potential pitfalls, and best practices for exiting your timeshare. Our in-depth blog series is a testament to our commitment.
So why go it alone?
Allow us to accompany you on this journey, providing expert advice, a helping hand, and most importantly, peace of mind. Visit leavetimeshare.com today and take the first step toward a hassle-free timeshare exit.
You’re not just a client, you’re family.
