Club Wyndham Desert Blue Access

We received the following submission from one of our users about their experience with Club Wyndham:

club wyndham “WOW! What a smooth talking, very likeable guy at Desert Blue in Las Vegas! We already have TWO timeshares, totaling 308,000 points that we rarely used, and somehow, this man talked us into buying an ADDITIONAL 154,000 points by telling us that our timeshare needed updating, we were paying too much in interest, we could rent our points for maintenance…blah blah blah. I am still within the timeframe to rescind, and probably will.

HOWEVER, I have 3 nights booked in Vegas in May. If I rescind, do I loose ALL my timeshare, or only the new contract? Does it revert back to the old stuff? Will they cancel my reservation? I have 8 people depending on that trip. I had already used this years points, and had borrowed 35,000 from next year, but if I get to keep the old, I still have enough to borrow from next year for the trip in May. I don’t really want to lose the old one, because its almost paid for.

I know without a doubt, that if we don’t rescind, we will not be able to keep up. Oh…and rent?? Forget it. They can get places in Vegas for CHEAP…through unscrupulous places that sell timeshares.”

RCI Cancellation Policy Experience

We received the following submission from one of our users regarding their experience with RCI:RCI cancellation policy

“I am very disappointed with their program. I was really looking forward to a vacation I booked in March 2016 for December 2016 but had an emergency with my son and he was hospitalized. So of course we have to cancel our vacation. We could not re-book, receive any of our money back or get some kind of RCI credit for future use. It really is sad that they would just take $500 plus dollars for something our family could not use after all because of a serious accident.

-Very disappointed member”

Anyone else have a similar experience with RCI or other timeshare exchange programs? What do you believe these companies should do in the event of a cancellation? Tell us about it!

Rescinding With Credit Card and No Down Payment

One of our users left the following comment on our 10 Steps to Successfully Rescind Timeshare article:

I signed with RCI and Legacy, its past the cooling off period, but I haven’t paid the down payment yet. Does that mean the contract is still valid? should I just cancel the card and not pay? would that cancel my contract?

credit cardIt would make things a whole lot easier if you could simply cancel your credit card to get out of your contract, but unfortunately that is not the case. According to credit.com, once the seller has your credit card information, they will also be in possession of your social security number. So once you cancel the card, the account will then be referred to a collection agency, at which point they can report it to a credit reporting agency. You will still be responsible for payments and if you do not make them on time, it could hurt your credit score.

It is also likely that your down payment by credit card was processed very quickly by the seller when you signed the contract and that what you now have yet to pay is the bill from your credit card issuer. The good news about making such a purchase on a credit card, however, is that you have the right to dispute the charge if you feel the seller misrepresented the product (in this case, the timeshare) or did not deliver what was stated in the contract. There is a time limit for disputes, however, usually around 60 days. Read your credit card agreement so you know how much time you have.