Wesley Financial Group
Wesley Financial Group is one of the largest timeshare exit companies in the industry. With over 300 employees, the company is located in Nashville, Tennessee, and has been in business since 2012. Wesley Financial Group can help you eliminate your timeshare mortgage and maintenance fees. In a recent article, Wesley Financial group increased the number of timeshare cancellations they process. Wesley has assisted more than 12,000 timeshare owners with their timeshare issues and has accumulated only a few negative reviews online.
Since our team at MyTER provides transparent reviews, Wesley Financial Group has temporarily been suspended by the Better Business Bureau (BBB). For this reason, there are certain things every timeshare owner should be aware of before signing a contract with any exit company. Initiate a Live Chat, or fill out the form on the right, so you stay protected from timeshare scams.
Updated: July 22nd, 2021: Wesley Financial Group has fixed the suspension with the BBB but is still not accredited by the Better Business Bureau. We will update this thread when the company has been fully accredited by the BBB.
Suspension: On 10/01/2019, this company’s BBB Accreditation was suspended due to engaging in activities reflecting poorly on the BBB or its members. The BBB’s Board of Directors will review this matter at its next meeting.
Wesley Financial Group Reviews
Wesley Financial Group reviews are mixed due to the recent suspension. The company has a “Tools” page on its website that helps timeshare owners understand the inflating maintenance fee costs. Providing tools to portray how your timeshare will affect you in the long-term is useful knowledge. Visualizing how much money you are spending on a timeshare over the years can be eye-opening. Wesley Financial Group does not have a “FAQ” page. We would have liked if Wesley Financial Group had a page dedicated to common questions a timeshare owner may have; this could be beneficial for someone who does not know how exiting a timeshare works.
Various Wesley Financial Group reviews have stated the company offers and honors their 100% money-back guarantee. As we mentioned on our escrow page, a money-back guarantee can be far cheaper than an escrow option. We advise you to get everything in writing when signing a contract with any timeshare exit company to not run into any problems later on. We could not determine if Wesley Financial Group uses attorneys. After reading multiple reviews, we have concluded the company sends out letters to timeshare companies demanding your contract’s cancellation. This method can be beneficial, but we always recommend using attorneys, it gives you an extra layer of protection, and you are legally protected. Do you trust an attorney or someone’s word on who can successfully cancel your timeshare?
Wesley Financial Group’s website has a sleek design, and one thing that stands out the most is their emphasis on their CEO. According to them, the CEO went against Wyndham in a lawsuit. If you did not know, Wyndham is a large timeshare company. After some more research, we uncovered their CEO, Chuck McDowell, won the lawsuit because he was not disclosing any trade secrets; you can read more about the lawsuit here. The website continually states how Chuck fights for the consumer, and having the backing of a company’s CEO is a very positive sign.
Another thing that stands out is video testimonials and Wesley Financial Group reviews. In these video testimonials, the CEO is portrayed with two happy clients, and they also have a dedicated page for Trustpilot ratings and reviews. If a company can back up their work with reviews and positive ratings and is willing to portray them all over their website, this represents their work’s legitimacy.
The processing time to cancel your timeshare contract is typically around 6-18 months for Wesley Financial Group. It also varies depending on your timeshare developer. Wesley Financial Group does not have an escrow option, but they have an in-writing 100% money-back guarantee, which ranks them high in the timeshare exit industry.
There are many scams in the timeshare exit industry, and many timeshare owners have fallen victim. And for that reason, we continuously emphasize getting everything in writing. Protect yourself from all angles. If you’re shopping WFG, we recommend you read our detailed Wesley Financial Group review. Initiate a Live Chat or fill out the free form on the right to determine if Wesley Financial Group is the right exit company for your situation.
Wesley Financial Group Cancellation Qualifiers
Wesley Financial Group does not accept every case as we briefly mentioned above. The company only chooses to work against timeshare developers that they are able to cancel. This is a good thing, you do not want a company to just accept everything. Being selective is a positive sign.
Many owners are not aware that if timeshare is inherited the company will not accept your case. The reason for this is because you were not present, you did not face the misrepresentations or high pressured sales tactics. In this situation, the exit company can not help you. There are ways around this.
In certain situations, you will be able to cancel the timeshare on your own. Certain resorts offer a program where they will take your timeshare back. Reach out to us to learn which resorts offer this program and if it applies to your case.
Wesley Financial Group Fees
As multiple reviews have stated, Wesley Financial Group fees vary. The few factors Wesley uses to determine the price is if your timeshare contract is paid off or if you still owe a mortgage. If your timeshare has a mortgage, then the cost will be higher than paid off. The average cost after reading through countless reviews is anywhere between $4,000-$7,000. The fee amount is relatively average in the timeshare exit industry.
Some timeshare cancellation companies charge upwards of $10,000 for a timeshare that is paid in full. When you receive the original quote regarding Wesley Financial Group fees, we recommend you request a lower price. Always haggle the price with any timeshare exit company because timeshare exit companies want your business. Negotiating the amount can only benefit you.
Wesley Financial Group Ratings
Updated July 2021 : As we have stated prior, Wesley Financial Group had their ratings suspended by the Better Business Bureau. Talking to various BBB representatives, our team is uncertain about the set date when the company will be re-accredited by the Better Business Bureau. We highly suggest you verify their BBB rating before signing a contract. We will update this review after the Better Business Bureau accredits the company so you, as a timeshare owner, can have peace of mind when working with WFG.
Still, Wesley Financial Group has an A+ rating through the Better Business Bureau (BBB) and a 4.87/5-star rating with 738 positive customer reviews. That in itself portrays a lot about the company’s legitimacy! The few complaints they have were resolved almost immediately; 34 in the last three years and 16 in the previous 12 months. Wesley Financial Group also has an active Dun & Bradstreet rating and an aggregate score of 4.6/5-star rating on Google, another +1 from our team.
After carefully analyzing the Trustpilot reviews, we have determined the company does the work they claim because Wesley Financial Group has 796 reviews on Trustpilot, and a 4.9/5-star rating. A lot of their clients’ state that “WFG came through and completed the task they had promised.” They also have 7 reviews on Yelp with a 2.5/5-star rating. Our team did not come across anything regarding a Wesley Financial Group scam, another positive sign. But their Yelp score was a bit of a concern.
After careful consideration, we have assessed a 4.0/5.0 MTER Rating. Wesley Financial Group has positive reviews on all platforms. We ideally want our clients to pay no up-front fees because we understand timeshares are a financial burden and paying to get out is another burden. If Wesley Financial Group filed bankruptcy, the in-writing 100% money-back guarantee would not hold. If you need the extra layer of protection, try a company that has an escrow option. Below is a review of a Wesley Financial Group customer who was pleased with their services.
Wesley Financial Group Lawsuit
In June 2020, Diamond Resorts, a worldwide forerunner in the hospitality and vacation ownership industry, filed a federal lawsuit against Wesley Financial Group, LLC and its founder and CEO Charles William “Chuck” McDowell, for charges of fraudulent business practices and fake promotions.
As indicated by the lawsuit recorded in the Eastern District of Tennessee, Wesley Financial Group works as a supposed timeshare exit company and charges clueless timeshare owners’ high up-front fees in return for no genuine services.
Diamond Resorts say Wesley doesn’t help the clients it claims to protect. However, rather intentionally drives timeshare owners into financial jeopardy and foreclosure.
Bold statements from the vacation giants, but with all things considered, they have been on a suing frenzy. As our team read through their “News Releases” page we noticed they’re suing 5 other large exit companies as well. Aside from Wesley Financial Group they’re going after Timeshare Exit Team, Pandora Marketing, Newton Group, Timeshare Freedom Group, and more!
On March 2, 2021, Wesley Financial Group was involved in another lawsuit vs. Westgate Resorts. Westgate attests that Wesley’s guarantees are false says “Wesley doesn’t have a lawfully cognizable strategy for really achieving what Wesley guarantees.” (M.D. Tenn. Mar. 2, 2021) Wesley looks for excusal of Count III of the Amended Complaint for Injunctive Relief and Damages. This affirms infringement of the Tennessee Consumer Protection Act of 1977.
In a recent episode of the Dave Ramsey Show on May 20, 2021, Dave mentions how Diamond Resorts is even going after lawyers that protect the consumer. Dave says it’s because they’re trying to run their competition out of business!
Whichever side you believe, we recommend you still reach out to us so we can help you determine the best exit company for you!
Wesley Financial Group has mixed ratings on multiple platforms. Overall they are a reliable timeshare exit company with no indication of being a scam. Due to the recent suspension, we suggest you reach out to us before working with WFG. Wesley Financial Group puts their clients first, and numerous positive reviews on Trustpilot display this. We would have liked it if WFG used attorneys, but we could not find any conclusive detail confirming this. If you have a timeshare with a mortgage and maintenance fees, Wesley Financial Group can help you get rid of this liability permanently.
Read over our website and fill out the form on the right or contact us through Live Chat for a free personalized consultation. Our team recommends working with trustworthy timeshare exit companies that offer an escrow option, so you pay no up-front fees until your timeshare contract is canceled. There are hundreds of timeshare scams every year; protect yourself from becoming another victim.
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We talked to a VP at Wesley Financial Group and are still waiting to hear back from them..