Yes its Monday and the start of another week, over the weekend Inside Timeshare has received many more enquiries regarding companies owners have been contacted by. They range from so-called legal companies offering cancellation of contracts and the promise of possible compensation to “Lifestyle Credits”, offering massive discounts if you join their club.
On the point of cancellation of contracts and compensation, this is one area that you should be very careful of. One reader was offered this for a cost of £8000, upfront payment. The cancellation or relinquishment would be done within a year, and then a claim would be made for compensation. Only one problem here, the claim is to be done through section 75 of the credit consumer act, against his card company.
We have said this before, this will not work, the card company will argue that you have used the timeshare, therefore you have received the goods and services paid for. Mis-selling is not covered, the fact your contract may be in perpetuity is not a basis for a claim under section 75. Also why would you pay this huge amount to get out, when you may be able to do this yourself for a fraction of the cost direct with your timeshare company or resort.
Lifestyle Credits, this is where you join a club for a huge amount of money with the promise of huge discounts on holidays and other goods. You will receive a number of “credits” which you use to pay for the goods, these may include discounts at major stores and outlets. For example, a holiday will be advertised by the company for £2,500, using ex amount of credits, the holiday will cost £1,800. Looks good on paper, but don’t forget, you have probably paid over £10,000 to join. Also do a search online, you may even find the same holiday and at a fraction of the cost.
These clubs are not regulated, they do not come under timeshare laws, so you have very little in the way of consumer rights. So remember, it may sound like a good deal, but it very rarely is.
Following on from Friday’s Letter from Australia, the following video has been found on youtube, it is a rather comical look at timeshare, with a very good spoof presentation. Yes you’ve guessed it, it comes from Australia. Have a look, it is one of the best timeshare videos we have seen in a long time.
After publishing on Friday the following announcement was made by Canarian Legal Alliance, two of their clients have been paid out by Anfi. one for over 34,000€ the other for close to 43,000€. Again this goes against what Anfi claim, that they are not losing and people are not getting paid out. What do you believe?
CLA also announce that they have 54 new cases at the courts in Gran Canaria along with 4 new cases at the courts in Malaga. These represent a total claim value of 2,436,000€, the courts are certainly going to be busy.
Now September is upon us, we should be seeing more announcements from the courts, but also the “bogus” companies will be out in full swing. To protect yourself, do your due diligence and your homework before engaging with any company, especially in the field of claims. The promise of huge amounts in “compensation” are designed to draw you in, check and check again. If in doubt contact Inside Timeshare, we will point you in the right direction and show you how.