In an ongoing dispute between Diamond Resorts and a timeshare exit company, a judge in the United States has ruled in favour of Diamond. The exit company, named as Reed Hein, asked the court to dismiss Diamond’s lawsuit, which claimed the firm were falsely advertising services, tortious interference, and unfair trading practices. […]
Timeshare Giants make big business moves.
Monday 15th March 2021
Is Hilton Grand Vacations Buying out Diamond Resorts?
Hilton Grand Vacations has announced they are to purchase Diamond Resorts, the largest of the timeshare operators with 92 resorts and just under 400,000 members worldwide. The purchase is being made through stock sales with a value of £1.4 billion. Apollo, which owns Diamond […]
What is the latest news in the world of timeshare?
Wednesday 10th March 2021
Judge rules timeshare owners must pay additional tax.
Over in the States, following a court battle that has been going on for four years now, a judge has ruled that a tax on timeshare units is justifiable. If timeshares owners do not have to fork out enough for the luxury of owning one, […]
ICO fines firms for spamming during Pandemic.
Tuesday 9th March 2021
Two firms have been fined heavily by the Information Commissioner’s Office for sending more than 2.7 million nuisance text messages during the pandemic and triggering a record-breaking number of complaints.
One company based in West Sussex has been fined £250,000 for sending more than 2.6 million spam text messages to customers who had […]
Heartless Scammer Finally Jailed
Monday 8th March 2021
Heartless scammer finally Jailed
A heartless conman that groomed women over dating websites and then tricked them into handing over thousands of pounds has finally been jailed after pleading guilty to multiple counts of fraud.
29 year old Sebastian Timmis from Somerset, targeted 10 women from different parts of the UK and preyed […]
What is UK’s most hated financial product after PPI?
Wednesday 3rd March 2021
Where do you go when you have a complaint about a financial product or service? Well first point is usually the provider, but what seems to happen to a lot of people is they tend not to rule in favour of the consumer and instead deny liability. And why wouldn’t they, if […]
Talking about timeshare
Tuesday 2nd March 2021
Timeshare owners paying high property taxes.
Over in the states a timeshare advocacy group has intervened on behalf of owners, stating that they have been unfairly classified and because of this had to pay commercial property tax rates of 40%, which is substantially higher than the normal rate U.S timeshare owners pay at […]
Hilton Grand Vacations opens new resort
Friday 26th February 2021
Timeshare giant Hilton Grand Vacations has announced it is to open its first timeshare resort property in Mexico. The resort is named La Pacifica Los Cabos and the company started selling units at the location in December of last year. The 74-unit property is now open for business despite Coronavirus restrictions in […]
Another Successful Claim
Tuesday 16th February 2021
Our team at Mercantile Claims are experts in dealing with all things timeshare and we have the pleasure of helping thousands of people over the years reclaim money for mis-sold timeshares. More often than not people come to us after having gone through financially draining and extremely stressful experiences. In many cases […]
Barclays block group action in timeshare lawsuit.
Thursday 11th February 2021
Following a huge amount of speculation, Azure Resorts declared liquidation at the beginning of the year. Azure did not declare bankruptcy instead they declared a declaration of insolvency and provisional liquidation.
After becoming insolvent, Azure Resorts left behind owners with worthless timeshares, huge financial losses, and unaffordable loans to repay. Silverpoint and their […]