Do Timeshare Cancellation Companies Work?

Do Timeshare Cancellation Companies Work?

Timeshare cancellation companies, also known as exit companies, are a relatively new venture in the business industry. Because they are new, many people are left uncertain about their legitimacy. We will discuss what exactly the business model is for timeshare cancellation companies and whether or not they serve a legitimate service to the public. Diving deeper into the subject, we will take a very close look at one particular exit company that stands out from the rest, Wesley Financial Group, LLC (WFG). At a glance, it does appear that timeshare cancellation companies do in fact work, but there is a lot more to look into than one may think.

What Is A Timeshare Cancellation Company?

As we mentioned above, timeshare cancellation is a new industry that has come about in recent years. These companies offer a service that is noticeably lacking and very much needed in today’s world, and that is complete timeshare termination and elimination of timeshare debt. With a successful cancellation, timeshare owners may no longer be held responsible for paying their mortgage and maintenance fees for the property and could be free of their outstanding debt owed to the resort. Timeshares are infamous for becoming disastrous financial burdens for owners, which helped lead to the establishment of the cancellation industry. 

Who Needs A Timeshare Cancellation Company?

While many timeshare owners are left happy with their vacation property purchase, the number of upset owners seems to continue to rise with each passing year. You see, these owners will oftentimes feel swindled or scammed with their timeshare purchase. Timeshare sales representatives are known to say anything to get a sale, including lying and upselling on these vacation properties. These cancellation companies will offer exit programs and services to timeshare owners who were wrongfully treated in sales presentations and felt deceived into their timeshare ownership purchase. Many of these companies report helping thousands of timeshare owners every year, so it seems like there are a lot of people out there who need these types of services. 

How Do Timeshare Cancellation Companies Work?

Timeshare cancellation companies provide a new route to take when it comes to getting out of an ownership agreement. Rather than going through attorneys or working directly with the resort, both of which have shown to be expensive and unsuccessful, these exit companies have developed systems that work and hold high success rates.  Cancellation companies are proving to be the best solution and the industry continues to grow because of this.

Wesley Financial Group, LLC

Now let’s look into a specific example and focus on their role in the cancellation industry. Wesley Financial Group, LLC, founded in 2011 by a pioneer of this industry, Chuck McDowell, has been terminating timeshares and eliminating debt for nearly a decade. McDowell actually spent a short amount of time as a timeshare salesperson himself, which was a crucial experience in his life. After witnessing first-hand, all the deception and malpractice being done within the timeshare industry, McDowell decided to turn around and go help those on the other side. He began righting his wrongs by canceling timeshares for those who were being mistreated.

Do Timeshare Cancellation Companies Work?

Is Wesley Financial Group, LLC Legitimate?

Wesley Financial Group, LLC (“WFG”) has been operating out of their offices in Franklin, TN, and Las Vegas, NV since 2001. Since then, they have established themselves as one of the most legitimate options when it comes to timeshare cancellation. So many timeshare owners are drawn to WFG when they are looking to get out of their agreement and there are several reasons for that. 

Well, we could start with their success rate. Taking in hundreds of new clients every week, WFG holds strongly to their 98% success rate in timeshare termination. Another reason they attract so many clients is that they offer a 100% money-back guarantee, which assures potential clients that they do not have to worry about another risky investment, like their initial timeshare purchase.

Wesley Financial Group, LLC Exit Process

How exactly does WFG’s exit process work? Well, not just anybody will be able to work with Wesley Financial Group, LLC. This cancellation company reports that it is only able to take on less than half of the timeshare owners that reach out to them as clients. This is due to their strict policy of only working on cases where the owners were misled or deceived by resort salespeople. Once you qualify as a client and speak with a WFG  Vice President, you will then be equipped with a team of case specialists working with you every step of the way to cancellation. Timeshare owners are then typically relieved of any financial obligations to their company.

Wesley Financial Group, LLC Reviews, and Testimonials

They say the customer is always right and so a great indicator of the legitimacy of a  company is their customer reviews. And if that is the deciding factor, then Wesley Financial Group, LLC is a done deal as they are left highly regarded by their past clients. Looking through a vast amount of reviews across trusted sites such as BestCompany, Trustpilot and Google and you will see the praises given to this company. They hold an average rating of 4.8 out of 5 across these sites. WFG also goes a step even further and shares video testimonials that are from some of their former customers. You can watch these testimonials here, and see for yourself how revered WFG is.

Summary

So, do timeshare cancellation companies work? It is safe to say that they do, although you should move in caution of potential scams. If you were duped into purchasing a timeshare, many scammers will see an easy out for another scam with you, so it is best to find a company you can trust. Wesley Financial Group, LLC is highly regarded within the industry and is looked at as the best option for timeshare cancellation. If you are looking to learn more about them, then visit their website here.

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