Started the process but stopped

[theonesthatgotaway]

Hello everyone,

Was urged by others to try asking here since this website has experienced timeshare buyers and users. Hoping you can put my mind to rest on what happened.

Went to a timeshare meeting and sat through the presentation and explanation with our rep. It sounded like a good idea but we could not afford it in cash. We were offered financing at 17.99% for 10 years, and even made to open a Hilton credit card with 12 month interest fee for the initial deposit. We were planning to apply for a Hilton card anyway (but not this one) so this is a lesser issue.

They made sign something on paper explaining RCI, but the fine print said this is not legally binding. They made us sign something on their iPad that they said needs to be signed before they can generate paperwork. I questioned them on how I can sign something without getting the actual agreement and fine print, and the rep said it comes after.

We were ushered into a “quality assurance” person’s office (I assume it was their finance person who does the actual paperwork), we signed a few pages like a W8 form and a form that says we have 7 days to cancel, and another that said we have 5 days to cancel. By then, with exhaustion and feeling ill and pressured by it all, we said no can’t do it, maybe tomorrow. They said okay come back tomorrow.

Later that same night, texted our rep said we won’t be making it. It doesn’t work to pay that much in interest to carry debt for vacation points. He said no problem, his manager will call us with next steps. No callback received. I don’t expect their call, and I don’t know what rigamarole they will pressure me with if I tried calling them first.

So…question is I did not sign anything so far that resembled anything legal, like a purchase agreement, deed, etc. I did not even sign the page that says I agree to receive whatever annual points they were promising. From my perspective, we ended this before it was even finalized and signed.

I could take the conservative approach and send a certified cancellation letter for peace of mind, but realistically can they even come after me for this? I worry they’re not calling back to let the 5 or 7 day time lapse.

Thank you for your time and help.

 

[GT75]

Did you walk out with any paperwork or electronic copy?

 

[theonesthatgotaway]

Did you walk out with any paperwork or electronic copy?

Nope. Nothing. Been checking my emails just in case I get a surprise.

 

[theonesthatgotaway]

Did you walk out with any paperwork or electronic copy?

Sorry, correction. Only thing I walked with was a quote on the points they were explaining, my temporary credit card number and the gift certificate for attending.

 

[Hobokie]

I wonder if your signature was authorizing them to do a credit pull for the credit card to sell you this?

 

[theonesthatgotaway]

I wonder if your signature was authorizing them to do a credit pull for the credit card to sell you this?

Ah, that might be it. I do remember that was one of the things they needed to do for financing approval.

It sounds like so far I didn’t sign anything that locks me into any payment agreement. I certainly didn’t sign anything authorizing them to charge my new card or bank account.

 

[theonesthatgotaway]

I got a new member welcome email that says I can unsubscribe at the bottom. It says we would receive an email in the next few days to get an account set up.

There’s no way they can set anything up when we haven’t even signed any legal paperwork, unless they forged our signatures on the entire stack of unsigned docs.

 

[theonesthatgotaway]

And looks like they charged the new card for the initial deposit/downpayment. How could they move forward without our signatures on anything else?

 

[Hobokie]

Wow! How long ago was this??

 

[theonesthatgotaway]

Wow! How long ago was this??

Two days ago. I am still in the area, heading out tomorrow so I plan on stopping by and asking them what in the world they’re doing moving forward.

I called Amex and they said they can’t help, we must have signed something approving the transaction and they will not help with timeshare charges.

Maybe they charged the initial deposit based on what we signed so far, but since we didn’t sign anything else finalizing the transaction, they will just reverse it. But I doubt they’ll play nice.

My hope is someone at the office will kindly give us our contract # (if there is one) and where we need to send the certified letter, if one is needed. I may do it just in case.

 

[Hobokie]

Two days ago. I am still in the area, heading out tomorrow so I plan on stopping by and asking them what in the world they’re doing moving forward.

I called Amex and they said they can’t help, we must have signed something approving the transaction and they will not help with timeshare charges.

Maybe they charged the initial deposit based on what we signed so far, but since we didn’t sign anything else finalizing the transaction, they will just reverse it. But I doubt they’ll play nice.

My hope is someone at the office will kindly give us our contract # (if there is one) and where we need to send the certified letter, if one is needed. I may do it just in case.

@TUGBrian what do you advise here??

 

[TUGBrian]

as its only been a few days id personally start sending in rescission letters to ensure I have expressed my desire to cancel ANY timeshare purchase I may have made in the past few days. based on the first post above the OP clearly states they signed multiple things and a digital signature would be perfectly legal even if as claimed the OP doesnt appear to know exactly what they signed.

its only been a few days which means you are still in your legal cancellation period no matter what you may have bought.

 

[theonesthatgotaway]

as its only been a few days id personally start sending in rescission letters to ensure I have expressed my desire to cancel ANY timeshare purchase I may have made in the past few days. based on the first post above the OP clearly states they signed multiple things and a digital signature would be perfectly legal even if as claimed the OP doesnt appear to know exactly what they signed.

its only been a few days which means you are still in your legal cancellation period no matter what you may have bought.

as its only been a few days id personally start sending in rescission letters to ensure I have expressed my desire to cancel ANY timeshare purchase I may have made in the past few days. based on the first post above the OP clearly states they signed multiple things and a digital signature would be perfectly legal even if as claimed the OP doesnt appear to know exactly what they signed.

its only been a few days which means you are still in your legal cancellation period no matter what you may have bought.

Thank you. We stopped by in person and they were surprisingly courteous. They stated you haven’t signed the purchase agreement so we don’t own anything.

They gave me a blank piece of paper and wrote the contract and lead #’s on it and said just write a letter saying you want to cancel. I asked whether it needed to come by certified mail, and they said no, you’re here already.

Wrote in detail that we are terminating anything and everything that was started. And that we are demanding a refund of the charge on the card. Signed it. The lady signed, stamped and dated it. Gave us a copy. She also processed the refund and gave us a copy of a refund letter. I also requested copies of things we had signed so far, which was a credit pull authorization, receipt of exchange documents, which was supposed to be the USB explaining RCI that we won’t get, receipt of timeshare docs like an offering statement, by laws etc, which we won’t get because everything was cancelled.

The welcome email was auto generated they said. Credit card refund should be 7-10 days.

 

[theonesthatgotaway]

Thank you guys for jumping on this thread and commenting. It means a lot. When I am in a better place financially, I will come around to better understand this timesharing concept and have positive posts instead.

 

[GT75]

Thank you guys for jumping on this thread and commenting. It means a lot. When I am in a better place financially, I will come around to better understand this timesharing concept and have positive posts instead.

Wonderful news. Congratulations. Now enjoy the rest of your time and relax.