First of all, thank everyone of you for all the of the information. I have been reading these forums for the past 3 hours and am so grateful for all of the insight.
Anyway. We purchased a timeshare through Wyndham Oceanside Pier Resort yesterday. After some further research (shame on us for not doing that first), we quickly discovered this was a HUGE financial mistake. The rescission letter is signed, sealed, and will be mailed promptly tomorrow morning via certified mail. We will be within the 7 calendar days outlined in our contract.
With that said, as part of the sales process, the sale price of $15,879 was financed through Wyndham and the $3,994 "down payment" was financed through another institution (unsure of the name, Wyndham made the "arrangement"). Will this amount be refunded, or will I need to contact any additional entities to free myself of that line of credit? We did not pay any fees or down payments with our own credit card or bank information, it was all rolled into the line of credit they opened.
If this is a commonly asked/answered question, I apologize. I have not seen anything definitive in the threads that I have read. Thank you for all of the help!
Anyway. We purchased a timeshare through Wyndham Oceanside Pier Resort yesterday. After some further research (shame on us for not doing that first), we quickly discovered this was a HUGE financial mistake. The rescission letter is signed, sealed, and will be mailed promptly tomorrow morning via certified mail. We will be within the 7 calendar days outlined in our contract.
With that said, as part of the sales process, the sale price of $15,879 was financed through Wyndham and the $3,994 "down payment" was financed through another institution (unsure of the name, Wyndham made the "arrangement"). Will this amount be refunded, or will I need to contact any additional entities to free myself of that line of credit? We did not pay any fees or down payments with our own credit card or bank information, it was all rolled into the line of credit they opened.
If this is a commonly asked/answered question, I apologize. I have not seen anything definitive in the threads that I have read. Thank you for all of the help!
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