Description

I am not sure if this is a scam but Tradeline promised they could work with Oracle Management LLC to help me exit my timeshare. At the Tradeline in-person TS exit meeting they said that for $7820.79 they could help. The $7820.79 covered initial engagement, negotiations with Wyndham Resorts, and settlement options. They also transferred my case to thier affiliate Oracle. Since April 2025, Oracle has seemed to be working on this with Wyndam. Yesterday, my representatitve David reported Oracle had three options to offer based on discussions with Wyndham. Option #1: Settle with Wyndham for $14,368.28 (which included a $4500 lock out fee by Wyndham); Option #2: $0.00 initially to ???-Default and Foreclosure- Basically walk away and deal with Wyndham trying to damage my credit to get as much money as they could over the next few years by sending me to collections and possibly dealing with a lawsuit from them to get my name off the TS deed; Option #3- Strategic Default. This option was $5,547.49 which included lifetime support and credit protection. Dave reported I would never pay any money beyond this amount for the rest of my life, nor would any of my heirs be charged any $. He reported if Wyndham tried to get money out of me by reporting to the IRS that I defaulted and required a 1099C, I could be held responsible for the taxes on the $14,368.49. David also said that this $5,547.49 included legal representatives who would scrub any negative impacts off my credit record and pay any tax liability that could brought forth by Wyndham. I have spoken to David numeous times since yesterday, and he does seem like he is honest and has answered all of my questions. I realize the TS industry is full of corruption and happily works to defraud people into buying properties that even if deeded (like mine) are worthless when the mortgage is paid off (like mine is). And I also realize corruption on the Exit Strategy side has also risen. So I was just wondering if Oracle Management was legitimately offering viable exit strategy services based on the verbal and written (see attached) info. they provided to me.