A federal lawsuit filed within the U.S. District Courtroom for South Carolina accuses Wesley Monetary Group of working a timeshare “exit” or “cancellation” firm that expenses timeshare house owners 1000’s of {dollars} in upfront charges for illegitimate providers. The lawsuit claims that as a substitute of serving to prospects, Wesley Monetary Group places them susceptible to foreclosures and credit score harm whereas amassing exorbitant charges. The corporate’s marketed assured course of is alleged to be deceptive, merely encouraging house owners to cease paying their timeshare loans—one thing they don’t must pay Wesley Monetary for. Moreover, the lawsuit asserts that Wesley Monetary Group’s 100% money-back assure is almost unattainable to acquire because of the advantageous print of their service settlement.
The lawsuit additionally signifies that the state of South Carolina, in an motion to be filed within the South Carolina Supreme Courtroom, will argue that Wesley Monetary Group’s enterprise practices represent the unauthorized apply of legislation, as the corporate isn’t a legislation agency and isn’t licensed to offer authorized recommendation.
Wesley Monetary Group and its proprietor, Chuck McDowell, are presently going through three federal lawsuits for comparable actions. In a single case, a federal choose dominated that Wesley Monetary Group’s practices violate Tennessee’s client safety statute, the state the place the corporate operates. The Higher Enterprise Bureau of Center Tennessee has issued an alert on its web site, citing federal court docket findings that assist the conclusion that Wesley Monetary Group has certainly violated Tennessee’s client safety statute.
“Sadly, because Wesley Financial Group instructs our members not to speak with us, most members don’t understand the true status of their account, let alone that Wesley Financial Group’s process leads them to foreclosure and damage to their credit and does not achieve anything they couldn’t achieve on their own without paying Wesley Financial Group’s fees,” says Capital’s President, Travis Bary. “We hope these actions show that Capital is serious about doing everything we can to protect our members from abusive exit companies. As part of its efforts to protect its members from the false promises of timeshare exit companies, Capital is also urging its members to do their research on any company that offers cancellation or resale services and to always reach out to Capital to understand their true and safest options for their accounts.”
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