• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Thank you!! Rescission went through.

Dragon2015

newbie
Joined
Aug 14, 2015
Messages
3
Reaction score
0
Points
0
My wife and I were recently in Orlando and we went to buy tickets to the Universal studio at Wyndham Hotel resort where we stayed. One of the ticket sellers told us that we would get discounted on the ticket if we would go to a two hours presentation. We were schedule to go early in the morning and we went to Wyndham Bonnet Creek. To make a long story short, like so many stories I read on this forums and on google, we ended up spending 6 hours on the tour of the Wyndham Resort at Bonnet Creek. We were lied to, pressure to buy timeshare and we ended up signing for Timeshare which we know little about. After we came back to our hotel and further investigations, we realized that we were mislead to sign the Timeshare with Wyndham at Bonnet Creek. My wife googled and found this website and we followed some of your advices to rescind our contract. Per Florida state law, we have 10 days to rescind our contract. We sent our rescission letter to the Wyndham Consumer Finance in Las Vegas for overnight, certified mail. I called their office and they said they have received our rescission letter and our contract is in the process of canceling. I just wanted to thank you for your advices on this website.
 

55plus

TUG Member
Joined
Nov 28, 2012
Messages
2,543
Reaction score
1,174
Points
398
Location
USA! USA! USA!
You saved yourself tens of thousands of dollars. If you ever decide to buy a timeshare, buy resell and do your research first...
 

vacationhopeful

TUG Review Crew: Rookie
TUG Member
Joined
Sep 11, 2007
Messages
12,760
Reaction score
1,699
Points
498
Location
Northeast USA
Now stick around and rent a few timeshares in the next 18 months or so ... READ and LEARN ... if you liked the condo vacation option and you likes the idea of points with some planning done 8 to 13 months in advance ... you can get a LOT of great vacations for chump change.

BUT learn way, way MORE now before buying anything ... free weeks/points are FREE for a reason. Spending $1000-2500 for the right set of numbers and location plus booking window will be well worth it.

Event weeks or VERY PRIME season weeks (think Christmas or Easter) or Summer at the Beach ... require ownership (ARP) at that resort (or area)...

LEARN, read, visit, practice planning and post at least 2000 posts here ... then YOU will know what you are doing.
 

Ty1on

TUG Member
Joined
Jun 10, 2015
Messages
5,119
Reaction score
1,952
Points
348
My wife and I were recently in Orlando and we went to buy tickets to the Universal studio at Wyndham Hotel resort where we stayed. One of the ticket sellers told us that we would get discounted on the ticket if we would go to a two hours presentation. We were schedule to go early in the morning and we went to Wyndham Bonnet Creek. To make a long story short, like so many stories I read on this forums and on google, we ended up spending 6 hours on the tour of the Wyndham Resort at Bonnet Creek. We were lied to, pressure to buy timeshare and we ended up signing for Timeshare which we know little about. After we came back to our hotel and further investigations, we realized that we were mislead to sign the Timeshare with Wyndham at Bonnet Creek. My wife googled and found this website and we followed some of your advices to rescind our contract. Per Florida state law, we have 10 days to rescind our contract. We sent our rescission letter to the Wyndham Consumer Finance in Las Vegas for overnight, certified mail. I called their office and they said they have received our rescission letter and our contract is in the process of canceling. I just wanted to thank you for your advices on this website.

Hey, congrats, and how much did you just save yourself? This forum has an owner who is very proud of the rescissions it advises, and keeps tally of the total $ amount TUG has saved victims.
 

Dragon2015

newbie
Joined
Aug 14, 2015
Messages
3
Reaction score
0
Points
0
Total Saving: $60,000

6000 for initial deposit, 800 per year for maintenance fee x 40 years, contract agreement was 22,000 for 180,000 points, total savings: 60,000.
 

Ty1on

TUG Member
Joined
Jun 10, 2015
Messages
5,119
Reaction score
1,952
Points
348
6000 for initial deposit, 800 per year for maintenance fee x 40 years, contract agreement was 22,000 for 180,000 points, total savings: 60,000.

Expect the maintenance fee to increase at the rate of 3% per year.....Anyway, we really only count the mortgage as savings....So $22K. You'll end up paying the equivalent of maintenance fees either through hotel rentals or the maintenance fees on any resale timeshare contract you end up with. $22K is a good chunk of change.

You can get a 200,000 point Wyndham contract in the $2K range through resale.
 

Passepartout

TUG Review Crew: Veteran
TUG Member
Joined
Feb 10, 2007
Messages
28,461
Reaction score
17,213
Points
1,299
Location
Twin Falls, Eye-Duh-Hoe
I absolutely LOVE IT when TUG saves someone that kind of cold, hard cash.

All this OP wanted to do was exchange 2 hours of vacation time for discounted tickets, and look at what those greedy bas***s did. Ruined the rest of his family's vacation and weeks waiting for the refund of what was his to begin with. Baaaaah!
 

Ty1on

TUG Member
Joined
Jun 10, 2015
Messages
5,119
Reaction score
1,952
Points
348
I absolutely LOVE IT when TUG saves someone that kind of cold, hard cash.

All this OP wanted to do was exchange 2 hours of vacation time for discounted tickets, and look at what those greedy bas***s did. Ruined the rest of his family's vacation and weeks waiting for the refund of what was his to begin with. Baaaaah!

I don't know, he didn't say anything about it ruining his vacation....
 

Passepartout

TUG Review Crew: Veteran
TUG Member
Joined
Feb 10, 2007
Messages
28,461
Reaction score
17,213
Points
1,299
Location
Twin Falls, Eye-Duh-Hoe
I don't know, he didn't say anything about it ruining his vacation....

I doubt it made it any more relaxing and refreshing regardless of what he posted.
 

Dragon2015

newbie
Joined
Aug 14, 2015
Messages
3
Reaction score
0
Points
0
Ruined my vacation.

It did ruin our vacation. My wife and I ended up spent most of our time investigating and writing our rescission letter. Never, ever, go to any of those lie, cheat, deception event ever.
 

Ty1on

TUG Member
Joined
Jun 10, 2015
Messages
5,119
Reaction score
1,952
Points
348
It did ruin our vacation. My wife and I ended up spent most of our time investigating and writing our rescission letter. Never, ever, go to any of those lie, cheat, deception event ever.

Passepartout wins, as usual :hysterical:

On the other hand, while your initial decision forced you to work on vacation, you earned more per hour for that work than I could ever dream of achieving. And while salvaging your mistake, you also got a tuition-free education, something even many TUG members can't claim.

PS now that you know, you can go to future presentations for the rewards, with your education under your belt, and be confident that you can smile, tell them it isn't going to work for you, collect your bootie, and go on to enjoy your vacation while the salesman steams over you wasting HIS time. If you have the stomach for that sort of thing. Some here don't.
 
Last edited:

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
22,091
Reaction score
7,673
Points
1,099
Location
Florida
Welcome to TUG, so happy you found us in time to save a fortune!
 

55plus

TUG Member
Joined
Nov 28, 2012
Messages
2,543
Reaction score
1,174
Points
398
Location
USA! USA! USA!
It did ruin our vacation. My wife and I ended up spent most of our time investigating and writing our rescission letter. Never, ever, go to any of those lie, cheat, deception event ever.

We go to all of the sales pitches. Not to buy from a sales weasel, but to collect the $75-$100 gift cards for 60 minutes of our time. We newer stay past the 60 minute limit.
 

yoda9j

newbie
Joined
Aug 15, 2015
Messages
1
Reaction score
0
Points
0
Location
Greensboro, NC
Trying to Rescind

Thank you TUG!!! We had a similar story to Dragon2015. On 8/13/15 in Myrtle Beach, we were browbeaten into buying a club Wyndam plus package:154,000 points for $29K, with 2 year VIP status and additional 154,000 points.; $85/month maintenance fee...Property would be Margaritaville in St.Thomas. I kept asking questions about how to sell if I changed my mind. THey told me Wyndham has a buyback program but would not tell me how much I would get. We were not 100% comfortable when leaving despite all of the smiles we saw on the faces of the cheesy salespeople. Thanks to posts on TUG, I looked into how to rescind the contract..and found the one paragraph where it was mentioned ( of course, none of the salespeople told me I had this option). I have 5 days to cancel and I overnighted a letter to Las Vegas to cancel today on 8/15...we feel so relieved. I hope they accept the letter, otherwise, I will have to get a lawyer to get my $7200 deposit back. I am expecting calls from them with more free points but I will not accept....Any other ways they will try to avoid the cancellation? Thanks TUG for all of the advise.
 

Ty1on

TUG Member
Joined
Jun 10, 2015
Messages
5,119
Reaction score
1,952
Points
348
Thank you TUG!!! We had a similar story to Dragon2015. On 8/13/15 in Myrtle Beach, we were browbeaten into buying a club Wyndam plus package:154,000 points for $29K, with 2 year VIP status and additional 154,000 points.; $85/month maintenance fee...Property would be Margaritaville in St.Thomas. I kept asking questions about how to sell if I changed my mind. THey told me Wyndham has a buyback program but would not tell me how much I would get. We were not 100% comfortable when leaving despite all of the smiles we saw on the faces of the cheesy salespeople. Thanks to posts on TUG, I looked into how to rescind the contract..and found the one paragraph where it was mentioned ( of course, none of the salespeople told me I had this option). I have 5 days to cancel and I overnighted a letter to Las Vegas to cancel today on 8/15...we feel so relieved. I hope they accept the letter, otherwise, I will have to get a lawyer to get my $7200 deposit back. I am expecting calls from them with more free points but I will not accept....Any other ways they will try to avoid the cancellation? Thanks TUG for all of the advise.

They will accept the letter, don't worry yourself. They have up to 45 days to refund your deposit, so don't panic.

Congrats on finding out in time.
 

55plus

TUG Member
Joined
Nov 28, 2012
Messages
2,543
Reaction score
1,174
Points
398
Location
USA! USA! USA!
Thank you TUG!!! We had a similar story to Dragon2015. On 8/13/15 in Myrtle Beach, we were browbeaten into buying a club Wyndam plus package:154,000 points for $29K, with 2 year VIP status and additional 154,000 points.; $85/month maintenance fee...Property would be Margaritaville in St.Thomas. I kept asking questions about how to sell if I changed my mind. THey told me Wyndham has a buyback program but would not tell me how much I would get. We were not 100% comfortable when leaving despite all of the smiles we saw on the faces of the cheesy salespeople. Thanks to posts on TUG, I looked into how to rescind the contract..and found the one paragraph where it was mentioned ( of course, none of the salespeople told me I had this option). I have 5 days to cancel and I overnighted a letter to Las Vegas to cancel today on 8/15...we feel so relieved. I hope they accept the letter, otherwise, I will have to get a lawyer to get my $7200 deposit back. I am expecting calls from them with more free points but I will not accept....Any other ways they will try to avoid the cancellation? Thanks TUG for all of the advise.

Another victim who saved themselves tens of thousands of dollars. It makes me feel good knowing that a sales weasel will go hungry...
 

Ty1on

TUG Member
Joined
Jun 10, 2015
Messages
5,119
Reaction score
1,952
Points
348
Another victim who saved themselves tens of thousands of dollars. It makes me feel good knowing that a sales weasel will go hungry...

I never revel in anyone going hungry. I hope he finds a job selling used cars. :)
 

Passepartout

TUG Review Crew: Veteran
TUG Member
Joined
Feb 10, 2007
Messages
28,461
Reaction score
17,213
Points
1,299
Location
Twin Falls, Eye-Duh-Hoe
Not bad. This thread was just started this morning, and $51,000 has been saved by users already. I LOVE IT!

I'm gratified when folks report what they've saved here. I imagine there are a lot more who simply, quietly, find a rescission thread on TUG, write a letter, drop it in the mail. Whether out of embarrassment, or just not being comfortable sharing something so personal in open forum, don't post their success. That's OK, but we sure can cheer those who share it with us.

Jim
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
22,091
Reaction score
7,673
Points
1,099
Location
Florida
and another great thread with 2x savings!

nearly to 7 million dollars in money saved!!!!
 
Top