Firstly the bogus resale companies taking upfront fees as guarantees, with the promise you would get it refunded when your timeshare has been sold or if they are unable to sell it within a year. Then promptly disappear and reform as a new entity.
Then we had the we´ll get rid of your timeshare but to do this you have to join our non existent or never works holiday club. ILG had this well and truly sown up with the wonderful cashback scheme. You received a cashback certificate for the value of your timeshare which was more than you paid to join this new club. No one ever got the promised amount and many never got a thing.
After the closure of ILG a firm on the Costa del Sol, Ramirez and Ramirez began fleecing DWVC members, with the promise of legal action to recuperate the money lost. Other firms wanted payments upfront for doing relatively easy claims against credit card companies. Many of these claims failed or were never even instituted.
Then after Ramirez was closed down he opened as another company to claim back what clients had paid the firm Ramirez & Ramirez. Obviously using his old data.
Now we have the bogus claims companies. These make out that the courts have already seized assets from holiday clubs such as ILG or Club Class and resale companies. The modus operandi here is that you have already been awarded a substantial amount by the courts and this company has been charged with tracing you in order to pay you the money.
This sounds very nice. But then there is a small matter of tax needing to be paid. One company downloaded genuine copies of tax forms from the internet for you to fill in. Then once you have done this, a bank transfer needs to be paid to a non existent notary or some other person. Another company wanted Western Union Transfers made out to a private individual. Low and behold you never hear from them again.
Another part to this idea was the NIE Number. Some FIRMS stated you need one of these to get the money back and they would do the work for you. Obviously for a fee, usually several hundred pounds. Now the NIE is the foreign residents identification number, which you only need if you become resident in spain or are buying real estate.
There are also now the class action companies, many are taking substantial fees to pay for these actions which in most cases are never instituted.
There are genuine companies out there but finding them is very difficult. There are also law firms who specialise in timeshare law, and are very successful, these are not part of the timeshare industry and tend to be shunned or slated by the timeshare companies, resort owners and the so called trade bodies such as the RDO and TATOC. Obviously they don’t want to lose your maintenance fees or payout compensation.
Any genuine law firm will be able to show you case papers of cases they have fought and won. The lawyers will also show their bar registration numbers, all lawyers must be members of the association for the area in which they practice. These can be easily checked and credited.
You can also find information via the internet on how to get money back when payments have been made using a credit card. So there is no need to pay someone to do it.
If you need any help and advice on how to find these things out contact inside timeshare for free and impartial advice. The information is out there, you just need to know where to find it.