Duped By Business Opp?

[ShawnB]

Living in California, I bought a "No Money Down" type real estate course over the phone for $5500. The business I purchased from is in Utah. I was led to believe that this was a "niche business" with little competition and that I could expect to get a return on my investment within about 3 months. Most of the sales pitch was a conversation dazzling me with thoughts of huge amounts of money, and qualifying me to see if I had anough credit to by the "full program". After exploring, testing, and even attending a seminar to get the system working, I now feel I was duped by false claims, and an agressive, deceitful sales pitch?

I bought the materials over the phone and was recorded agreeing to a "No Refunds" policy. Am I bound by this policy when it was based upon faulty information and a super-hyper sales pitch that was not recorded?

I sent all the materials back with a letter requesting a full refund, excepting the amount for the seminar which I offered to pay for since I DID attend.

A little wrench in the works: I sent the materials back within 3 months of the purchase date. However, I have NOT seen the original transaction billed on my credit card yet. Can they still bill me? Can I register a "Do Not Pay" claim with my credit card company? If I call my credit card company and report a stolen card, can I still be billed for a transaction that technically took place over three months ago? Your response is appreciated.

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Shawn

 

[HolyRoller]

Can you say, "I am an idiot"?

Call you credit CAard company and put a nopay on that charge purchase. talk about a succker.

 

[ShawnB]

That's all there is to it? Can they sue? Do entities like that go after their money in court?

As far as the "Am i an idiot?"...OH YEAH! Feeling it several times over. Thanks for the confirmation. Ouch! :

[This message has been edited by ShawnB (edited September 18, 2000).]