Re: If U Need Advice & Assistance -- Timeshare Victims Support Group

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Subject: Re: If U Need Advice & Assistance

Author:
emily Sam

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Date Posted: Mon, Aug 01 2005, 1:11:32
In reply to: George 's message, "If U Need Advice & Assistance" on Wed, Apr 27 2005, 15:19:25

Dear George,
I was persuaded to buy the LGM package yesterday and I failed
into the trap (2005-07-31). I have signed the contract with a total of
S$19500, including a S$6000 for deposit (by credit card) and a s$13500
by monthly charge.
I was told the contract can be withdraw within 4 days, and I
get a additional description that the S$6000 could be cancelled by
them. but I am not very sure whether this cancel is conditional or
not, whether we can get back the money. I have call the OCBC bank to
cancel the credit transfer, but I was told that only LGM have the
right to cancel it. So, I need to negotiate with LGM to get their
admission to cancel my contract and withdraw my money within four
days. Do you think they will obey their promise to refund my money?
I think I need an additional agreement between us about the
cancellation and their admission to cancel the transfer. I need these
two documents. I think it is not a easy thing.
It will be very appreciated if you can give me some advice.

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Replies:

[> Subject: Re: If U Need Advice & Assistance

Author:
sgwatchdog
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Date Posted: Tue, Aug 02 2005, 1:46:02

did u receive the notice of cancellation?
did LGM explain about the 3 day cooling off period?
is part A of the notice of cancellation filled up?

if so, then pls quickly send in the notice of cancellation to LGM within 3 working days
do keep a copy as evidence
LGM has to refund all monies paid, and terminate the timeshare automatically

the regulations are below
http://www.mti.gov.sg/public/PDF/CMT/frm_LEG_CPFTA_Act_Canc_Reg.pdf

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[> [> Subject: Re: If U Need Advice & Assistance
Author: xiali [ Edit \| View ]	Date Posted: Thu, Oct 06 2005, 6:03:53 what if i've never received/shown the notice of cancellation? can i cancel the contract (signed after march 2004) and get money back after some time, say, 1 year later? coz i just read this forum today and realised the whole thing is scam. [ Post a Reply to This Message ]