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Rescind contract in time

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GentleBen

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I purchased a Wyndham at the Smokies CLUBWYNDHAM ACCESS VACATION OWNERSHIP PLAN , 11/12/2017.

I would like to rescind the contract/plan.

I did zero down through PayPal.

Do you know if I need to contact PayPal after confirmation of the cancellation letter to stop the loan?

Are their any penalties?
 
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P

puppymommo

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There are no penalties but you must submit your rescission letter in time. Wyndham should contact paypal but I would definitely follow up on my own. Congratulations on saving yourself a lot of money!
 
ecwinch

ecwinch

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No penalities and no need to contact Paypay.

What is important is following the instructions in your contract exactly and mailing the recession notice by certified mail by the deadline. If you signed the contract in TN, you have 10 calendar days to cancel. But that is a hard deadline, so dont delay.... mail the notice as soon as possible.
 
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