Wesley Financial Group

[Artsondra]

Has anyone here ever heard of or had any dealings with the Wesley Financial Group out of Nashville TN? I saw an ad on Facebook about how to get rid of unwanted timeshares. I did some research and saw mostly positives about WFG but there were enough negatives that I have concerns about signing up with them.
Thanks for any help you can give me.

 

[TUGBrian]

do they meet any of the red flag criteria here?

http://tug2.net/timeshare_advice/timeshare_company_legitimate.html


companies change names and pop up on a regular basis...but its easy to spot the ones you should avoid.


you appear to own a wyndham and a marriott....both should be simple and easy to get rid of on your own without paying a dime in upfront fees.

 

[DeniseM]

I have never heard of a "Timeshare Rescue" company that wasn't a scam.

A better, safer, cheaper more ethical way to unload your timeshare is to give it away to someone who wants it:

MORE INFO: http://www.tugbbs.com/forums/index.php?threads/how-can-i-give-away-my-timeshare-on-tug.132509/

 

[theo]

Has anyone here ever heard of or had any dealings with the Wesley Financial Group out of Nashville TN? I saw an ad on Facebook about how to get rid of unwanted timeshares. I did some research and saw mostly positives about WFG but there were enough negatives that I have concerns about signing up with them.
Thanks for any help you can give me.

The discussion forums on RedWeek.com are generally quite lame, but you can easily find a thread there regarding Wesley Financial Group.
The thread seems to be comprised mostly of input from unhappy "volunteers" who ponied up money and were subsequently scammed by WFG.
There are no secret processes or magic beans to easily and lawfully part with a timeshare ownership. None. No Santa Claus or Easter Bunny either, btw.

It's none of my business, but your listed ownerships seem to include Diamond and Wyndham, both of which accept direct "deedbacks" (Wyndham for free, under their "Ovation" program, DRI apparently for a $250 fee). I respectfully suggest looking at those legitimate options to unload unwanted timeshares instead of looking at any of the (empty promises, serious upfront money) "magic acts" peddled by any parasitic "escape / relief / exit / rescue" operation.

I wonder if "Wesley Financial Group" is perhaps somehow associated with Castle Law Group, also in Nashville, or a different operation with a similar m.o.? Castle Law Group is currently on the receiving end of several different lawsuits filed in Federal courts in FL and TN, as discussed elsewhere in these forums.

 

[theak]

How about when it's only been a year and I've still got most of the 10k loan to payback for years to come? Then would Wesley be a wise choice or what are better options? Giving it away seems reasonable if you've used it for years and paid it off, but I'm not sure what to do in the case of having made this mistake and just starting down this sad road. The timeshare is through Holiday Inn Club Vacations. And yes, I found out later that they did lie to me on some things. I've called them and asked them if they will do a Deedback, and they said no, and gave me names of timeshare buying companies they thought were reputable (of course, this will be costly on top of my existing loan).

Any advice or alternatives?

 

[AwayWeGo]

The fast-talking timeshare exit hornswogglers are even worse than the fast-talking high-pressure full-freight timeshare sales bamboozlers.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

 

[theak]

The fast-talking timeshare exit hornswogglers are even worse than the fast-talking high-pressure full-freight timeshare sales bamboozlers.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

But if they charge $3k (for example), and the timeshare would cost me over $10k to pay it off, I would think reputable timeshare exit companies would then be worth it?

 

[AwayWeGo]

But if they charge $3k (for example), and the timeshare would cost me over $10k to pay it off, I would think reputable timeshare exit companies would then be worth it?

Good luck with that.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

 

[LannyPC]

But if they charge $3k (for example), and the timeshare would cost me over $10k to pay it off, I would think reputable timeshare exit companies would then be worth it?

I've said this before in a previous post but I'll say it again. Think about the scenario you're putting forth. You owe the lender $10k. You pay WFG $3000. You're happy because you only pay $3000 and save $7000. WFG is happy because it just got $3000 from you. Now what about the lender to whom you owe $10k. How do you think the lender is feeling being out $10k? Do you think the lender is just going to bend over and say, "We don't care about not getting the $10,000. Oh well. The borrower has learned his lesson. Let's move on."?

 

[RX8]

You have a legal binding contract for your mortgage. Wesley doesn’t have a magic wand to make the lender forget that.

Review the BBB and you will find that they have revoked Wesley’s accreditation due to “engaging in activities reflecting poorly on the BBB or its members”. Also read the complaints of people scammed by them. Do you really want to give this company $3,000 with the “hope” they might do something for you?

https://www.bbb.org/us/tn/franklin/...al-group-llc-0573-37070239/details#all-alerts

 

[CalGalTraveler]

Where are your timeshares?

Check out the new sticky below on state TS laws for non-judicial, anti-deficiency states. In CA, FL and SC you can do this yourself for free but you have to tread carefully in what you say to the TS company and should hire a foreclosure lawyer for an hour to review your plan before you act. Your credit could also be affected.

https://tugbbs.com/forums/index.php...cial-state-ts-laws-and-guides-manuals.298554/

 

[Grammarhero]

I once told a potential Wesley customer he could spend $1k deeding back to DRI without affecting his credit, instead of paying Wesley $3k which could affect his credit. Wesley ended up deleting my comment and banning me from their Facebook.

Does this seem like a company that cares about you, or just your wallet??

 

[Fredflintstone]

I am really hopeful on the deed back programs coming on stream by many developers. It’s just a win win on many fronts:

1. It’s amicable versus strategic defaulting or exit companies.
2. It’s profitable. Many of these can be resold or rented.
3. It just makes sense. The better the ability for those who want out to get out, the more palatable timesharing is. It might even make resale pricing go up.
4. It’s cheaper. Deed back programs can usually get their costs covered through a reasonable fee versus forced foreclosure or having your resort team have Exit Companies nipping at your door.

With good, effective and fair deedback programs, I can see the Exit or Cancellation business go out of business naturally.




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[CalGalTraveler]

I am really hopeful on the deed back programs coming on stream by many developers. It’s just a win win on many fronts:

1. It’s amicable versus strategic defaulting or exit companies.
2. It’s profitable. Many of these can be resold or rented.
3. It just makes sense. The better the ability for those who want out to get out, the more palatable timesharing is. It might even make resale pricing go up.
4. It’s cheaper. Deed back programs can usually get their costs covered through a reasonable fee versus forced foreclosure or having your resort team have Exit Companies nipping at your door.

With good, effective and fair deedback programs, I can see the Exit or Cancellation business go out of business naturally.




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I am hopeful as long as the fees are <$1000. Otherwise this is extortion.

 

[Fredflintstone]

I am hopeful as long as the fees are <$1000. Otherwise this is extortion.

Like anything, if it’s priced out of reason, the chances of the program working is lower and the chances of owners who want out using methods developers hate rises.




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[Fredflintstone]

https://timeshareexitteam.com/what-lawsuit-fights-reveal-about-timeshare-industry-practices-today/

Here is, in an exit company’s own words, why they exist. You make getting out reasonable, they probably won’t exist any longer.


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[TUGBrian]

and that lip service would be worth something if those companies actually only dealt with owners of resorts/systems that DIDNT have deedback programs.

 

[Fredflintstone]

and that lip service would be worth something if those companies actually only dealt with owners of resorts/systems that DIDNT have deedback programs.

Perhaps sometime a sticky should be created with all the developers who do have deedback programs. The sticky includes their phone number and maybe who to speak to.

Maybe there is a sticky list here somewhere.

I am not a believer of Exit Companies myself. They might get sued into the ground? There are sure a lot of litigation out there at the moment.


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[TUGBrian]

we have links to all the developer programs in each of the developer forums and the "all other" forum.

is also an advice article that links them all as well

https://tug2.net/timeshare_advice/give_back_timeshare.html

 

[Fredflintstone]

we have links to all the developer programs in each of the developer forums and the "all other" forum.

is also an advice article that links them all as well

https://tug2.net/timeshare_advice/give_back_timeshare.html

Excellent! Ty


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[simpsontruckdriver]

As a side note, the guy who founded and runs Wesley is a former manager of another timeshare exit company sued out of existence known as VO Group. In other words, when the company was sued and forced to shut down, the manager created his own scam corporation (Wesley Financial).

TS

 

[TheTimeTraveler]

As a side note, the guy who founded and runs Wesley is a former manager of another timeshare exit company sued out of existence known as VO Group. In other words, when the company was sued and forced to shut down, the manager created his own scam corporation (Wesley Financial).

TS

They'll catch up with him eventually, and I'm sure they'll have some solid metal bracelets that will fit him just fine!




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