Dave Ramsey’s Terrible Advice Sparks $150 Million Lawsuit from Angry Listeners

For years, Dave Ramsey endorsed, Timeshare Exit Team as a trusted company that his followers could use when they no longer wanted their vacation ownership.

These listeners didn’t know that he was being paid approximately $30 million to recommend this company’s services.

After a lawsuit by the State of Washington, a Better Business Bureau “F” rating, and hoards of complaints, Timeshare Exit Team has closed, taking outstanding cases and people’s hard-earned money with them.

Despite Timeshare Exit Team being at one time listed under the heading of “Dave Recommends” on his website, he now says didn’t personally research the company and its services.

“I have had no direct insight into Reed Hein’s operations, representations to its customers, or any other aspects of its business,” Ramsey said in court documents.

That's why listeners are sueing him. Their lawsuit accuses both parties of negligent misrepresentation, unjust enrichment, and violating consumer protection laws.

So if you don’t own a timeshare, but do listen to Dave Ramsey’s advice, you might want to think twice about using the services, companies, and products he recommends.

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