Wednesday, October 17, 2018 at 12:00pm - 1:00pm ET - Complimentary Sponsored Webinar: Sold a Dream, Woke Up in a Nightmare: Educating Your Clients about a Timeshare’s True CostsSource: The Robert G. Alexander Webinar Series
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Over 9.2 million U.S. households own a timeshare product, but the vast majority are unsatisfied with what they’ve purchased, unhappy about additional fees, or generally unsure of what their signed contract entails. The timeshare industry’s sales volume rose from 9.2 billion in 2016 to 9.6 billion in 2017, nearly a 4% increase and more than a 26% increase since 2013. Millions of dollars are spent luring potential buyers to “own the dream” and giveaways include “free” vacations, gift cards, or meals. When guests collect, they are often greeted with unethical, high pressure sales practices that are standard and abundant in the timeshare industry. Often times, new (and existing) owners find themselves facing gigantic interest rates, rising maintenance fees, additional usage fees, and ownership in perpetuity clauses in contracts—which many feel leaves them “stuck.” The timeshare industry leaves many vulnerable Americans left with a large, openended, recurring bill, often to the detriment of their overall livelihood, as well as creating ongoing financial obligations for themselves and their heirs.
Chuck McDowell was born and raised in Tennessee where he attended Mt. Juliet High School and Middle Tennessee State University. He has spent the last 30 years focusing on serving others and running his own businesses. Chuck started his first company in 1982 and spent time as a stock broker for Pru-Bache during the mid 80s. He later embarked on the insurance industry before becoming a sales representative for a timeshare company. It was at that timeshare company that Chuck realized the industry is not what he thought it was. After discovering the many deceitful tactics the timeshare industry encourages, Chuck left the industry to work on the other side, fighting for consumer rights. He soon served as the CEO for a timeshare advocacy group that is considered to be the pioneer of the timeshare cancellation industry. Just before forming the Wesley Financial Group, LLC, Chuck was the Vice President of operations at the second timeshare advocacy firm for which he worked. Chuck McDowell is the President and CEO of Wesley Financial Group, LLC.
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