Mercantile Claims are one of the UK’s leading timeshare termination and claims management specialists. We have successfully helped thousands of clients terminate their timeshare obligations.
We are delighted to share with our readers yet another successful claim for one of our clients who have received a settlement of over £8,000.
At some point, many owners will regret ever hearing the word timeshare! Our clients purchased their timeshare back in 2010, and although they were initially happy with their purchase, they never did, or have ever since used the resort.
Like many of the other 20 million timeshare owners, who have been lured to a sales presentation with the promise of free meals or gifts, find themselves leaving with much more than they bargained for. Newly signed up timeshare owners often leave feeling regretful after making a choice they didn’t intend to make or were persuaded to decide on something they weren’t ready for, committed to, or were intimidated into going along with. In fact, it probably wouldn’t surprise you to learn that a recent study carried out by the University Of Central Florida, learned that a whopping 85% of those who buy timeshare, regret their decision.
Our clients, also succumbed to the relentless pressure of the sales pitch, and walked away with a product, that cost them thousands, did not want and never used. So when they were approached by a timeshare termination company, they were eager to find out how they could help.
They attended a meeting with the exit company in question who claimed to be able to terminate their timeshare quickly and for a reasonable price. Also included in this price was a ton of other benefits including, reduced cost holidays, cheap flights, discounted utility bills and many more attractive benefits.
Desperate to get rid of their timeshare burden and stop paying maintenance fees for a timeshare they weren’t even using, our clients entered into a contract with the this company. The cost of this was just over £8,000. It wasn’t until our clients tried to access some of these benefits that they discovered they were useless to them as they could find better deals available online. In addition to this, they also learned that the company had ceased trading and were being investigated by police and trading standards. Luckily for our clients they were referred to us here at Mercantile Claims. We are delighted to say they have received all of their money back plus interest.
People who enter into Timeshare agreements often find it difficult to keep up with the mounting maintenance fees and simply cannot afford it any longer. They may also find that the Timeshare no longer suits their needs and simply want to end the contract. There are too many individuals who are willing to take advantage of Timeshare owners and offer fake products, along with Timeshare exit schemes. Before agreeing to any Timeshare termination or exit procedure with an individual or company, seek independent advise and fully research any company you are thinking of working with.
It is also important to remember that purchasing a Timeshare should NEVER be viewed as a financial investment. Timeshare is an investment in lifestyle, in future holidays and family time together. There is almost no resale value to a Timeshare.
The mis-selling of holiday products is, unfortunately, common practice within the holiday industry and these type of crimes often go unreported by the most vulnerable in our society and criminal convictions are few and far between.
If you have purchased a Lifestyle / Concierge Service, a Timeshare or a ‘Holiday Points’ based product from a resort or company and feel unhappy with the service, or feel you have been mis-sold this product, please get in touch with us to discuss how we may be able to help you with a possible Money Back Claim.