posted 13th February 2024
Did you take out a timeshare loan with any of the below banks to purchase a Club La Costa or Diamond Resorts Fractional Ownership? Would you like to cancel it without it having an adverse effect on your credit file? If so, we can help.
- Shawbrook Bank
- Barclays Partner Finance
- Novuna (Hitachi) Finance
- Honeycomb Finance
- First Holiday Finance
The 1974 Consumer Credit Act protects your point-of-sale loan; as such, due to the Financial Ombudsman's final decision and High Court Ruling, the bank that lent you the money is responsible for compensating you for your losses and writing off your outstanding debt.
Making a claim with us is one of your statutory rights and will not affect your credit score. Indeed, it is the bank's job to correct your score if it has been negatively affected by them providing you with the loan.
If you wish to claim with us, you can do so without paying any upfront fees.
Who Qualifies?
- Club La Costa Fractional Points Members
- Diamond Resorts Fractional Points Members
- Members that are still paying their finance
- Members that paid off their finances within the last six years.
Compensation is not an automatic right of recourse, and if you do not submit your claim within the statutory limitations, it will be statute-barred, and you will miss out.
What Can I Claim For?
- A full refund
- Compensation of 8% per year
- Complete finance write-off
- Maintenance fee refund
- Membership cancellation.
You can check if you qualify with us for free. One of the friendly team will check if you are eligible and send you the paperwork for your claim. There are no upfront fees; you only pay us if we win.
