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Dave Ramsey slapped with $150 million class-action lawsuit for promoting failed timeshare exit company

By Grace Chen
Published in Personal Finance
June 10, 2023
1 min read
Dave Ramsey slapped with $150 million class-action lawsuit for promoting failed timeshare exit company

I just read this crazy article about Dave Ramsey getting hit with a massive lawsuit for promoting a timeshare exit company that totally flopped! Basically, Ramsey has been telling his listeners to use this company to get out of their unwanted timeshares, but turns out it was a complete scam. The company took people’s money and didn’t actually do anything to help them exit their timeshares. Now Ramsey is facing a $150 million class-action lawsuit from angry customers who were ripped off.

It’s pretty wild that someone as well-known and respected as Ramsey would promote a company without doing proper due diligence. I mean, timeshare exit companies have been notorious for scamming people for years, so it’s not like this came out of nowhere. Personally, I know a few friends who have been burned by these companies, so I’m not surprised that this one failed too.

What’s really messed up is that people save up their hard-earned money to buy a timeshare, thinking it’ll be a great investment, and then they get trapped in these contracts with no way out. It’s so frustrating to see these predatory companies take advantage of people who are just trying to get out of a bad situation.

Overall, this article highlights the importance of doing your research before promoting any product or service. As consumers, we need to be vigilant and careful with our money, especially when it comes to something as risky as a timeshare. Hopefully, Ramsey learned his lesson and will be more careful about who he endorses in the future.


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Grace Chen

Grace Chen

Freelance Writer

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