Thanks, everyone + questions

[Newsworthy]

Hi… I’ve popped into TUG here and there since becoming an owner in 2017, yet clearly wasn’t paying close enough attention. I went ahead and purchased my upgrade from Silver to Gold at retail at the resort. I thought I needed the Gold status and I wanted to switch my home resort.

I was already having second thoughts, but then we had a rather disturbing all-staff at my company, and I feel less confident about my future income. Thankfully, this was just a few days after I signed.

Thanks to everyone here, I sent in my rescission this week with plenty of time to spare (x3! via USPS certified mail, FedEx, and email), so I don’t imagine I’ll have issues cancelling (fingers crossed). And yes, I paid the TUG membership fee out of gratitude Although I messed up in the signup process and I’m not sure how to attach that new membership to my pre-existing account (an issue for later).

I do enjoy my timeshare and use it a lot, and so I have a few questions for the brain trust:

— Now that I’ve sent the rescission letter(s), do I also need to contact the various financing companies (the Wyndham credit card and the loan servicer) to make sure they refund/ cancel the charges as well, or will Wyndham do that?
— Should I send a note to the sales agent? She was so nice and I hate to make her lose her commission (obviously not so much that I won’t cancel, but still). Should I at least give her a heads up, or am I just opening myself up to a guilt trip or another sales pitch? I feel a little badly for her, as I think she was pretty honest about the limitations and perks of the program and wasn’t very heavy-handed with the sales pitch.
— If I purchase points on the secondary market at the resort I want, will I still get the same kind of benefits as if it were my home resort (early booking and whatever else), or will it not count because they are resale points? I’m trying to decide if it’s worth it to buy the points at the resort I want , or should I just focus on getting the points I want for the lowest MF possible?

Thanks again to everyone who has shared their time and expertise on this forum.

 

[Fido Chuckwagon]

Hi… I’ve popped into TUG here and there since becoming an owner in 2017, yet clearly wasn’t paying close enough attention. I went ahead and purchased my upgrade from Silver to Gold at retail at the resort. I thought I needed the Gold status and I wanted to switch my home resort.

I was already having second thoughts, but then we had a rather disturbing all-staff at my company, and I feel less confident about my future income. Thankfully, this was just a few days after I signed.

Thanks to everyone here, I sent in my rescission this week with plenty of time to spare (x3! via USPS certified mail, FedEx, and email), so I don’t imagine I’ll have issues cancelling (fingers crossed). And yes, I paid the TUG membership fee out of gratitude Although I messed up in the signup process and I’m not sure how to attach that new membership to my pre-existing account (an issue for later).

I do enjoy my timeshare and use it a lot, and so I have a few questions for the brain trust:

— Now that I’ve sent the rescission letter(s), do I also need to contact the various financing companies (the Wyndham credit card and the loan servicer) to make sure they refund/ cancel the charges as well, or will Wyndham do that?
— Should I send a note to the sales agent? She was so nice and I hate to make her lose her commission (obviously not so much that I won’t cancel, but still). Should I at least give her a heads up, or am I just opening myself up to a guilt trip or another sales pitch? I feel a little badly for her, as I think she was pretty honest about the limitations and perks of the program and wasn’t very heavy-handed with the sales pitch.
— If I purchase points on the secondary market at the resort I want, will I still get the same kind of benefits as if it were my home resort (early booking and whatever else), or will it not count because they are resale points? I’m trying to decide if it’s worth it to buy the points at the resort I want , or should I just focus on getting the points I want for the lowest MF possible?

Thanks again to everyone who has shared their time and expertise on this forum.

My advice:
1. I don’t think you need to contact the loan servicer, I’ll let others comment on the credit card;
2. I wouldn’t contact the salesperson, she’ll be just fine as the salespeople do quite well. All you’re doing by contacting her is giving her another opening to sell you again;
3. Resale points are points. Wyndham is a system that treats resale owners quite well. You get all the same booking priorities as a developer purchaser. The only thing you lose out on is the VIP discounts, the free upgrades, and the ability to book worldmark. Other than that, those points are the exact same and operate the same way. You can pick them up for pennies on the dollar on eBay, in the Tug Marketplace, on Redweek, etc.
4. Unless you want a particularly hard to get room type at a particularly hard to get resort at a particularly in-demand time of year you are probably fine just trying to get the lowest maintenance fee points you can get. You might get a better answer if you post exactly what you hope to use these resale points for (what kinds of resorts, what kind of unit size, what time of year, etc).

 

[WorldT]

The credit card will function just like any credit card. Be ready to contest the charge within the contest period of they do not refund it.
The loan servicing will be cancelled if they offered you they financing. If you found the loan yourself, then you are responsible for getting the cancellation information to them.

 

[TUGBrian]

Congrats on using the knowledge gained on TUG to rescind...you saved quite a bit of money!

and thanks for supporting TUG!

 

[rickandcindy23]

Your salesperson was nice because she was going to make money off of you.