I entered into an agreement with Palace Resorts in Cancun, Mexico for future trips to their resorts and 50 weeks of future accommodations. I placed a deposit of $2,755 and signed a promissory note for the remaining $12,000. I would like to cancel this agreement. Assuming that I cannot get my deposit back, is there any way I can at least avoid paying the remaining balance without having my credit ruined? I have yet to actually receive any benefits outlined in the agreement.
Paid on Visa 2,755 on 28 March 2006
Promissory Note Downpayment for them to be able to charge $5,145.00 on 26 June 2006
Promissory Note Monthly Payments 36 month of 204.16 beginnning Monday 10 July 2006 until the amount of $7,350.00 is paid off.
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