End the Week: The Friday Review

The end of another week and halfway through the first month of the year, unfortunately, we have not started as we would have hoped with many more restrictions being put into place on travel. This is having a profound effect on the holiday and tourism industry, hotels are closing again and timeshare resorts are also announcing reduced capacity or remaining closed. The question is, how are the timeshare resorts going to deal with the problem of maintenance fees, the members’ loss of last year’s weeks and the potential loss of many weeks this year? This is a story we will be watching as it unfolds over the next month or so.

Although Inside Timeshare began a day late this week, we started on Tuesday with an article about Anfi and Airtours. The Anfi section is actually pertinent to the question posed above.

This story revolves around the Anfi attempt to force or as we prefer to call it “blackmail” members into signing their new contracts. For those members who lost last year’s weeks due to various lockdowns and travel bans, in order to save those weeks and receive an “accommodation voucher”, they have to sign the new contracts first.

This is already a question many members are asking on the various members’ forums and Fb groups.

Could this be an indication of how they will behave this year?

The rest of the article was about a recent case in the Courts of Las Palmas involving Airtours, they lost at the Court of First Instance and unlike our friends at Anfi, immediately accepted the court’s ruling.

They did not lodge an appeal but complied with the court and voluntarily paid out the ordered sums. So there was no need for counter appeals, lodging enforcement action or placing embargoes.

Well done Airtours.

On Wednesday, we published Timeshare Sales, Barclay Partner Finance & The FCA

This story is following one that began in 2017/18 and follows the validation order granted by the Financial Conduct Authority to Barclays Partner Finance to “legalise and make enforceable” loan agreements brokered by Azure Service Ltd. This timeshare sales company was not authorised to broker the agreements.

This is an ongoing story which has had a very severe impact on many many people, after all, the number affected by this decision alone is well over 1,400!

We will keep you updated on events as they unfold.

Happy Clients Get Their Cash

Yesterday’s article once again focused on payouts, these also involved Anfi and Airtours.

In the two Anfi cases, the clients received their payments, but only after lengthy court hearings and appeals. Eventually, due to some very clever detective work from the lawyers, they found out Anfi was due to be paid a “tax rebate” and petitioned the court to embargo the accounts.

This was done and several clients have received their money back quicker than expected.

The last case was against Airtours, and as with the previous case, they voluntarily paid what was ordered. Once again saving the courts time, the clients a lot of stress and most importantly, it has saved Airtours a lot of money in legal fees and sanctions.

Again we have to ask Anfi why are you continuing with these constant appeals, knowing that you are going to lose in every case, the courts are now wise to your tactics!

That is all for this week, on Monday we will be publishing another story in our Nightmare on Timeshare Street series.

It is written by one of our readers, who is acting as executor of her late Brothers estate, this includes the Azure purchased Golden Sands financed by a Barclays Partner Finance loan agreement.

Everything in the article is fact and they have all supporting documents, correspondence and other material to back it up. The only thing that has been changed are their names, this has been done at their request.

For those who have followed the various “Nightmare on Timeshare Street” stories over the past few years and are familiar with the horrendous behaviour of sales reps and timeshare companies, this story ranks as one of the worst we have published. Although there is a moment where some justice and compassion was given.

Join us on Monday and have a great weekend despite all the restrictions we all have to live with.


One Comments

  • Allen Sterling

    January 15, 2021

    Why don’t you do an article about TARDA, the non-profit organization recently formed to help timeshare owners deal with unscrupulous time sales agents?

    Reply

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