Wesley Finacial Group Review
Timeshare owners who want to cancel their contracts and get rid of their timeshares have several options. One of these options is to work with a company like Wesley Financial Group, which claims to have helped over 20,000 timeshare owners exit their contracts and eliminate their mortgage and maintenance fees. While Wesley Financial Group may be able to assist with this process, it is important for timeshare owners to be aware of the company’s past negative reviews and complaints, as well as its suspension by the Better Business Bureau (BBB). Before deciding to work with any timeshare exit company, it is advisable for timeshare owners to thoroughly research and consider all available options.
Who is Wesley Financial Group
Wesley Financial Group is a timeshare exit company based in Tennessee that has been in the industry since 2012. The company claims to be a leader in helping timeshare owners get rid of their timeshares for good, but has faced criticism for its upfront payment requirement and lack of escrow payment protection. While canceling a timeshare can be a lengthy and challenging process, it is important for timeshare owners to carefully research all available options before choosing a company to assist with the cancellation.
Wesley Financial Group is a well-known company in the timeshare exit industry that offers a guarantee to help clients get out of their timeshare contracts and receive a full refund. However, the company has received mixed reviews and has been suspended by the Better Business Bureau in the past. If you are considering working with Wesley Financial Group, it is important to do your own research and read reviews to determine if the company is a good fit for you.
Who qualifies for Wesley Financial Group
Wesley Financial Group primarily works with timeshare owners who feel they were misled or pressured during the sales process, as well as those who are struggling to make payments due to debt. They only take on cases involving specific timeshare resorts and do not work with timeshares purchased on the resale market or inherited from family or friends. They also do not offer services for travel clubs, only timeshares. If you meet these criteria, you may be eligible to work with Wesley Financial Group.
Wesley Financial Group Cancellation Process
The process of canceling a timeshare contract with Wesley Financial Group typically takes 6-18 months, depending on the timeshare developer. To begin the process, interested timeshare owners must fill out a consultation form with their contact information, timeshare developer, and details about their timeshare, such as how much they owe, the original purchase price, and the number of vacation weeks remaining. After this form is submitted, an account review will be conducted to determine if Wesley Financial Group is a good fit for the owner. If the owner’s case is accepted, it will be transferred to the company’s Resolution Department, where a cancellation expert will work with the owner to cancel the timeshare and eliminate any debt. Wesley Financial Group does not offer escrow payment protection, but does have a 100% money-back guarantee in writing. This means that payment is required upfront, which may be a concern for some customers who prefer to pay after services have been rendered. It may be worth considering other options, including companies that work with attorneys and offer escrow payment options
Wesley Financial Group is a timeshare exit company that offers a process for canceling timeshare contracts without the use of attorneys. Instead, they write letters on behalf of the owner to negotiate with the timeshare developer in an attempt to nullify the contract. While they act as a third-party consultant coordinating contact between the owner and the developer, they do not have any legal fiduciary responsibilities to the developer and are not acting as an agent. This means that by hiring Wesley Financial Group, timeshare owners are trusting the company to cancel their contracts on their behalf without the assistance of an attorney. This approach may be cheaper for some owners, but may be seen as risky by others who prefer to have the added protection of an attorney. It is important for timeshare owners to carefully research all options and determine the best fit for their individual needs.
Wesley Financial Lawsuit
Wesley Financial Group has faced several lawsuits in the past, most of which have been resolved out of court. However, some cases are still ongoing. For example, in January 2022, Travel & Leisure (formerly known as Wyndham Destinations) filed a lawsuit against Wesley Financial Group and its sister company, Wesley Credit Repair, alleging violations of the Lanham Act. In June 2020, Diamond Resorts filed a federal lawsuit against Wesley Financial Group and its CEO, Chuck McDowell, accusing the company of fraudulent business practices and false advertising. Wesley Financial Group has also been involved in a lawsuit with Westgate Resorts and has faced legal action from other timeshare exit companies, including Timeshare Exit Team and Newton Group. While it is unclear what the outcomes of these lawsuits will be, it is important for timeshare owners to be aware of any legal actions involving the company they are considering working with.
Summary on Wesley Financial
Wesley Financial Group is a reputable timeshare exit company, but their reviews are mixed. It is worth noting that the company has recently been suspended. If you are considering working with Wesley Financial Group, it is advisable to do your own research and consider reaching out to a trusted source for advice before making a decision. While Wesley Financial Group does have positive reviews on various platforms, they do not use attorneys in the cancellation process and require upfront payment for their services. This may not be the best option for everyone. If you are seeking to permanently remove the liability of a timeshare with a mortgage balance and ongoing maintenance fees, there are other reputable companies that offer escrow protection and do not require upfront fees until the timeshare contract is successfully canceled. To protect yourself from timeshare scams, it is important to do thorough research and choose a trustworthy company.