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$15,949 - the plan I just bought from Wyndham - Please help me rescind!!!

Karen G

Karen G

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briancaughman said:
Question... should I NOT activate the card by calling the 800 number on it, or does that even matter? I am planning to cancel the card after the balance is back to zero.
Click to expand...
I don't think I'd bother with activating the card if you don't intend to use it.

Congratulations on finding TUG in time!
 
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briancaughman

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I'll wrap up this thread now with my final update...

I did not activate the BofA credit card. I just waited patiently and followed up with the 1-800 number on back of the card today. It took Wyndham about 2 weeks, but they did credit me back the entire amount. The card shows an initial charge from my visit in the Smoky's of $15,949 on 7/26/08. They received my rescission letter around 8/4/08 at all three addresses I mailed it to. The credit was issued to my account of $15,949 on 8/14/08. That zero'd out the card, so I cancelled it. Pretty simple! They never called me.

Thanks again to everyone on this site that helped and for the valuable information I found just in time to save myself from making a huge mistake.

Brian
 
richardm

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Not a mistake, just a better decision!

Brian-

Don't view it as a mistake! Many owners buy directly from the resort and enjoy their ownership.. Regardless of what you pay- a timeshare can be a great value and provide years of enjoyment and travel opportunities! By discovering the value and potential of resale- you've simply managed to ensure you'll have the knowledge to be able to make the best decision for your family when you finally do buy!

Good luck and help spread the word about the benefits of resort ownership!
 
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tofuyan

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briancaughman said:
Update...

The Bank of America credit card arrived at my home today. There is no statement included with the card yet. A statement with the $15,949 charge will likely show up later this month.

I'm planning to call BofA to let them know what has happened and that a $15,949 credit should be coming back on the card soon to zero out the balance. The promo period is 0% for 6 months. Question... should I NOT activate the card by calling the 800 number on it, or does that even matter? I am planning to cancel the card after the balance is back to zero.
Click to expand...

I had rescinded with them on July 12, and just got the B of A statement yesterday with both the charge and credit with balance $0. It took about a month for the confirmation
 
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capsman

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Boy $15,000 buys a heck of a "boy I'm glad I found that website" dinner. :D

Have a good bottle of wine with it and then start your process of buying at 1/10th the cost!! :banana:

Congrats
 
Karen G

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Thanks for posting the rest of the story, Brian. It is always so rewarding to hear of success stories like this--TUG comes through again!!
 
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briancaughman

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Funny thing... the salesman from Wyndham Smokies emailed me yesterday to say welcome aboard and how smart we were to buy their package (at retail). I tried to reply and tell him we had rescinded, but his inbox was full.

I guess he'll find out when the commission check doesn't arrive.
 
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dulceamor1979

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