The latest headlines from the timeshare industry.

Monday 6th August 2018

Marriott and Starwood Merge for a colossal rebrand.
The merger, which was completed on 1 August, has created the largest portfolio, with 110 Million members and over 6,500 hotels, in 127 countries and 29 brands. They are taking all of these members and brands and combining them into one. This single brand is […]

Holidaymakers be warned, timeshare scams haven’t gone away !

Tuesday 31st July 2018

Trading Standards are warning holidaymakers to be on alert whilst traveling abroad, for salespeople pressuring people into buying timeshares and holiday products, which could lead to people being parted with thousands of pounds of their hard earned cash.
Trading standards have seen a growing number of complaints from holidaymakers, regarding timeshare sales, holiday […]

Rise In Lenders Devaluing Homes.

Friday 27th July 2018

Down valuation is on the rise and involves lenders valuing your future home at a significantly lower price, when in actuality it is worth thousands more. It counts for 1 in 5 property sales compared to 2 years ago, when this was just 1 in 20. It leaves buyers having to find […]

American Timeshare Fraudster Arrested In The Philippines

Wednesday 18th July 2018

An American telemarketer wanted in the US for allegedly committing $6 Million worth of fraud, has been caught, after 6 years on the run.
 
Osvaldo Gonzales was initially arrested by authorities in the Philippines on suspicion of domestic violence. As Gonzales was not a permanent resident in the Philippines, authorities checked records held […]

Another Successful Claim !

Tuesday 17th July 2018

Here at Mercantile Claims we have the pleasure of helping over 6,500 clients terminate their timeshare burdens. Many clients have experienced years of worry and stress due to their timeshare purchase. It is extremely rewarding to be able to help so many clients through what can be a very difficult time, both […]

New Scams To Look Out For !

Monday 16th July 2018

Be Aware: Financial Fraud can be devastating for those targeted and, more often than not, it’s the most vulnerable at risk !
 
 
Credit cards have changed the way we live, making money easily accessible and improving our lifestyles, but alongside this is the growing problem of bank fraud, often with devastating consequences for […]

£24 Million Worth Of Fraud Blocked

Friday 13th July 2018

A Financial scam is committed every 15 seconds in the UK and can leave those affected in financial turmoil.
 
 
It has a devastating impact and often targets the most vulnerable people in society. Many people are left feeling socially isolated and too uncomfortable to discuss it with their friends and family.
A new scheme […]

Millions Of Travellers Set To Benefit From New Holiday Protection Directive

Thursday 12th July 2018

The new EU Package Travel Directive, ensures all travellers get the same holiday protection.
From 1 July this year, travel agents must take responsibility for each aspect of a holiday someone books with them in a single transaction. The new rules make travel firms responsible for every aspect of the holiday, and sorting […]

Interest-Only Mortgages, The Ticking Time Bomb !

Wednesday 11th July 2018

Thousands could be owed compensation, if they were advised to take out an interest-only mortgage when other loans were available.
 
Experts in the industry have been warning for years about the ticking time-bomb of interest-only mortgages.
For most of us, our mortgage is the biggest and most important loan that we will ever have, […]

Timeshare Victims In Distress !

Tuesday 10th July 2018

Mercantile Claims are representing a large number of claimants in relation to mis-sold timeshare contracts, many of which have bottle-necked with the Financial Ombudsman Service (FOS). These cases are ones where the finance provider has refused to acknowledge responsibility for the mis-selling of the contract, and so we have had no further […]