Wesley Financial Scam

[RX8]

Saw this on my Facebook feed. This is the pot calling the kettle black.

They claim on that same Facebook feed that they have a “near perfect success rate”. It is easy to be near perfect when your advice includes to stop paying so that your timeshare can be foreclosed. Maybe I should start a business helping people who cannot afford their car payment. I can charge them $10,000 and advise them to stop paying the bank and when it gets repoed, I can count that as a success.

Here is a BBB complaint from someone who paid Wesley almost $10K for a foreclosure.

“In March 2020, I hired Wesley Financial Group (WFG) to help me get out of my timeshare for $9,995. Over the next 2.5 years, WFG told me not to pay the time share company so that they could make my grievances against them sound more legitimate. I was also forbidden to have any contact with the time share company while WFG representatives were supposedly communicating with them on my behalf. However, each time I asked for a progress update or for evidence that WFG had been in communication with the time share company, they refused to give me any evidence of their communication with them and would just say that they had written a letter of grievance. I didnt pay nearly $10k for a letter! I expected further actions! Eventually, anytime I complained, WFG would just switch me over to a different Resolution Specialist, and my grievances with WFG would go unresolved. By November 2021, the time share company foreclosed my time share, and WFG claimed that this was the outcome they had been looking for.”

 

[rickandcindy23]

What a scam these companies are. They all claim to be successful when others aren't.

 

[Soccer Canada]

Scary thing is that they suck people in.
My folks who are trying to divest from a couple timeshares and who are extremely intelligent folks contacted Wesley Financial through once of these type of ads. Fortunately they mentioned this to me and I just about came out of my chair.. They were almost convinced.. You would think that other lines of sales for these folks would be much more lucrative and fulfilling then the one they are in.

 

[TUGBrian]

it is remarkable how every exit company claims they are the real deal and not scams like the others.

 

[dioxide45]

So they do get people out of their timeshare, but they prey on the uninformed consumer. Kinda like the outfits that get people into the timeshare.

 

[RX8]

So they do get people out of their timeshare, but they prey on the uninformed consumer. Kinda like the outfits that get people into the timeshare.

So true. Chuck McDowell Is a former timeshare salesperson so he sold timeshares for thousands of dollars which were only worth a dollar. Now, he sells exit services for thousands of dollars for something that is only worth a dollar. He is using the same sales techniques.

What Wesley Financial does, as do other exit companies, is really no different than a company charging an owner thousands of dollars to send a rescission letter on their behalf. That is something an owner could do themselves, if they knew where to find it in the contract. These exit companies will keep that from the owner and pretend they are doing magical things that only they could do.

 

[pedro47]

Plus, this company is allow to advertise in AARP Magazines and guess what is the target group?? Senior Citizens.

 

[Sandy VDH]

Someone paid 10K to get the timeshare company to foreclose on them just not paying your MF would accomplish that, and you would still have 10K in your pocket.

 

[gravityrules]

Speaking of scams, A+ BBB rating (although not BBB accredited, whatever that means). Same for local to me company Lonestar Transfer. Seems most of these outfits are A+ rated.

BBB is complicit. "What? Our A+ rated businesses are scams? We're shocked"

It appears other ratings platforms are also gamed to make anything negative disappear.

Doesn't WFG now claim to be a Fortune 500 company?

 

[dioxide45]

Speaking of scams, A+ BBB rating (although not BBB accredited, whatever that means). Same for local to me company Lonestar Transfer. Seems most of these outfits are A+ rated.

BBB is complicit. "What? Our A+ rated businesses are scams? We're shocked"

BBB ratings simply indicate that the business has a good track record of responding to complaints. It doesn't matter if the complaint resolution was satisfactory to the customer. Just that they respond to complaints.

 

[gravityrules]

BBB ratings simply indicate that the business has a good track record of responding to complaints. It doesn't matter if the complaint resolution was satisfactory to the customer. Just that they respond to complaints.

That can be accomplished with a bot.