If you’re considering exiting from a timeshare contract and hiring Wesley Financial Group to help you exit, it’s essential to know the complete details about the company. When working with exit companies, especially in cases involving potential scams, it’s crucial to research the company thoroughly. This involves checking their reputation, reviews, and credentials to ensure you’re working with a trustworthy and legitimate company. If you haven’t researched, don’t worry, this article will provide you with all the necessary information about the Wesley Financial Group.
An Overview of Wesley Financial Group
Wesley Financial Group is a trusted timeshare exit company founded in 2011 by Chuck McDowell. It is a well-established and widely recognized company dedicated to assisting timeshare owners in canceling their unwanted timeshare contracts. The firm is driven by a clear mission: “Setting Families Free” and offering genuine solutions to those misled by timeshare companies.
Wesley Financial Group is a family-owned, U.S.-based business with an experienced team of over 30 Vice Presidents and Directors. It is recognized as an Inc. 500 company, operates from two central locations, and aims to expand its impact through transparency, professionalism, and compassion.
How Does a Timeshare Cancellation Company Help?
Timeshare Cancellation helps owners know their cancellation options and connects them with reliable exit companies. Before signing an agreement with WFG, you must contact Timeshare Cancellation to learn about the company’s reliability. Our team of experts regularly researches exit firms and keeps itself up to date. They can provide you with insight into WFG. If needed, they recommend trusted and vetted professionals who use an escrow payment model to secure your funds until the transaction is successful.
Is Wesley Financial Group Legit?
Wesley Financial Group is a legitimate firm with a strong reputation that has been built over more than a decade of service. Since its establishment in 2011, the firm has gained a respected reputation in the timeshare exit industry. The company has a proven track record of 45,000 successful timeshare cancellations and has saved customers more than $586 million in mortgage payments and unnecessary fees. However, it’s worth noting that the firm is not accredited by the Better Business Bureau (BBB), and any firm can make big claims. But the question is, “Is it all real, or just a marketing tactic?”
That’s why Timeshare Cancellation is here to answer your doubts. Our team of experts can provide you with unbiased insights into companies like Wesley Financial Group.
Pros and Cons of Wesley Financial Group
Below are some pros and cons you need to know before hiring Wesley Financial Group.
| Pros | Cons |
| Years of Experience: The PMG has worked actively in the timeshare exit industry since 2011. Their several years of providing services indicate that the company has years of experience and stability in handling cases. | Not Better Business Bureau Accredited: Wesley Financial Group is not accredited by the BBB. This is not a good sign because it can raise questions about the company’s reliability. |
| Free Initial Consultation: Wesley Financial Group provides a free initial consultation to review your contract. They will assess your situation and determine eligibility for their services. | No Escrow Option: The firm does not mention the escrow payment option. This can be a concern for you if you prefer added security. |
| Team of Experts: The company boasts a team with extensive experience in the timeshare exit industry, including former insiders, who handle complex cancellation processes efficiently. | Bold Statements: The firm boldly claims a 100% money-back guarantee, a promise often made by scam companies. |
Services Offered by Wesley Financial Group
Here’s a breakdown of the key services they promote:
Timeshare Cancellation Services:
Wesley Financial Group primarily provides services for timeshare cancellation. They help their clients eliminate all outstanding mortgage debt and associated fees linked to their timeshare contracts.
Comprehensive and Customized Solution:
The Wesley Financial Group offers customized solutions tailored to each client’s unique needs. They understand every timeshare situation, develop a strategy, and work accordingly.
Negotiation and Legal Support:
The company has a team of legal advocates and negotiators who effectively handle negotiations and legal matters.
The Pricing and Fees of Wesley Financial Group:
Like many other timeshare exit companies, Wesley Financial Group does not publicly list its fees and pricing. The firm offers customized solutions tailored to each case, resulting in varying prices or fees accordingly. According to some customer reviews, one client reported costs around $7,500, while another mentioned $9,000. Some even expressed concerns about their expensive fees.
So, before signing the agreement, ask for complete details in the initial consultation to know whether their service fits your budget.
Important Note: The firm offers a money-back guarantee but does not provide an escrow payment option. Guarantees are often offered, but not always fulfilled, and may involve delays. While escrow provides security for your funds.
Transparency and Credibility of Wesley Financial Group:
There are mixed signals when it comes to transparency and Credibility.
- The Better Business Bureau (BBB) has accredited the firm, but it has received multiple client complaints.
- Moreover, the company does not offer an escrow payment option, which is typically considered a strong sign of financial transparency and client protection in the timeshare exit industry.
Wesley Financial Group Lawsuits and Complaints
Below are several lawsuits filed against Wesley Financial Group:
Capital Vacations Lawsuit
Capital Vacations filed a lawsuit against Wesley Financial Group, alleging deceptive business practices. The lawsuit alleges that Wesley misled customers, putting them at risk of foreclosure and credit damage. Capital Vacations contends that Wesley’s services are unnecessary and that the company is not licensed to provide legal advice, constituting the unauthorized practice of law.
Audrey Korshoff Lawsuits
Audrey Korshoff filed a lawsuit against Wesley Financial Group, alleging breach of contract and unjust enrichment after the company failed to pay her commissions for sales she generated. Despite repeated requests, she was not compensated, and when she continued to pursue payment, her employment was terminated under pretenses. The jury found in Korshoff’s favor on all claims, awarding her compensatory and punitive damages. The court concluded that Wesley Financial Group engaged in wage theft and caused significant harm to Korshoff, including the loss of her home and livelihood.
However, there are a few complaints on the BBB website. The complaints primarily concerned misleading practices, pressure tactics, poor communication, and failure to deliver promised results.
Wesley Financial Group Reviews
You must read customers’ reviews, complaints, and other company details to see if WFG is a good partner. Below, you’ll find a summary of reviews, complaints, accreditation status, and money-back guarantee information, which helps you make an informed decision.
This information is based on data available on the company’s website, BBB profile, and other sources. This will help you make an informed decision and avoid potential issues.
| Company Name | Wesley Financial Group |
| Headquarter | Franklin, TN |
| Years in Business | 13 |
| BBB Accredited | Not Accredited |
| BBB Rating | A+ |
| BBB Complaints | 84 |
| Complaints Closed | 28 |
| Pricing Info | Not Available |
| Pricing Model | Not Disclosed |
| Money-Back Guarantee | Yes Provided |
According to reviews on various websites, such as BBB, Trustpilot, and Google, Wesley Financial Group has received a generally positive response from clients, with many praising their professionalism and effective timeshare cancellation services. At BBB, the firm has earned a 4.4 rating from customers and holds an A+ rating with the Better Business Bureau (BBB).
Positive reviews highlight the company’s excellent customer service, clear communication, and successful outcomes, even when the process took several months or years to complete. Many clients express relief from ongoing timeshare fees and appreciate the team’s dedicated efforts.
However, some negative reviews highlight the high cost of services, with a few clients noting that the process took longer than initially expected.
Success Rate and Timeline
WFG has a strong record of successfully canceling timeshares for many owners. For some customers, the process took as little as 4 ½ months, while others experienced timelines of 1 to 3 years. Many clients experienced timelines of up to two years. The timeline varies depending on factors such as the complexity of the case, the timeshare company’s response, and the individual client’s specific situation.
Look for a Few Things Before Signing Up
There are several key points to consider before making any commitment. Your one wrong decision can increase your chances of falling into exit scams or can make your situation even worse.
Walk away from Wesley Financial Group if they demand high upfront fees without providing an explicit, written agreement of their service. Hire the company if they offer an escrow option to protect your funds.
However, many exit firms choose not to use escrow services. Instead, they may rely on other services to protect their clients. But it’s recommended not to make quick decisions. It’s best to contact our team at Timeshare Cancellation for honest advice about Wesley Financial Group.
PMG’s Success Rate and Timeline
Wesley Financial Group has helped many clients successfully and legally cancel their contracts, boasting a success rate. However, the firm does not disclose its exact timeline. Based on customer reviews, we found that the timeline for resolution varies significantly. They’ve resolved some cases within a few months, others took 1 year, or in some instances, slightly more than 3 years.
Final Verdict:
Wesley Financial Group has been providing exit services to timeshare owners since 2011. Their team of legal professionals, consultants, and negotiators legally handles complex matters and successfully cancels timeshare contracts. However, their lack of BBB accreditation and the absence of an escrow payment option may raise concerns.
If you’re considering Wesley Financial Group to help you exit your timeshare, weighing all factors is essential. If you’re still uncertain, reach out to Timeshare Cancellation. Our team will provide you with a perfect exit company match that uses escrow services.
FAQs
Q1: How does Wesley Financial Group help exit my timeshare contract?
Wesley Financial Group will assess your case, develop a customized exit plan, and negotiate with your resort to cancel your timeshare successfully.
Q2: How long does Wesley Financial usually take to cancel the timeshare?
The timeline for canceling a timeshare with Wesley Financial Group varies depending on your contract, the resort involved, and the follow-up process.
Q3: Does Wesley Financial Group offer escrow services?
No, Wesley Financial Group does not mention offering escrow services. They may require you to pay upfront for their timeshare exit services.