BBB alert: Dispelling the '3 days to cancel' myth - News, Weather, Sports, Toledo, OH

BBB alert: Dispelling the '3 days to cancel' myth

TOLEDO, OH (Toledo News Now) -

The Better Business Bureau says they often hear that people believe they have 3 days to cancel a purchase. Turns out, that's not always the case.

Dick Eppstein says he frequently hears people say things like "I bought this used car but decided to take it back. I know I have three days."

Contrary to popular opinion, there is no three day law for most purchases. The actual law covers door-to-door purchases over $ 25. Other cancellation laws cover health spas and real estate transactions.

Normal purchases of merchandise are covered by the store policy, not law.

Eppstein says not to assume anything. Always know the company policy when buying.  On major purchases, get the refund or cancellation policy in writing.

For more from the BBB, visit http://Toledo.bbb.org.

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Copyright 2014 Toledo News Now. All rights reserved.

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