posted 6th June 2023
The Club La Costa World News You Have all Been Waiting For!
We are delighted to announce that on the 5th of May 2023, Mrs Justice Collins Rice upheld the decision to pay out on CLC World Fractional Timeshare memberships. We began challenging the legality of Club La Costa Fractional memberships 7 years ago, and finally, justice has been served. Thousands of our clients will now be receiving thousands of pounds in compensation for their mis-sold fractional timeshare memberships.
What Does This Latest News Mean For Club La Costa Members?
Club La Costa Fractional members that have submitted a regulated claim in the UK, with a company like us, will soon be paid their compensation package. This package includes:
1. Refund of all money paid by the client to the finance company.
2. All outstanding finance written off
3. 8% interest per year on the total capital from the original point of sale
4. Full refund of maintenance fees
5. 8% interset on maintenance fees
6. Credit scores corrected
Am I Too Late To Claim My Compensation?
Maybe not. You are still eligible to reclaim compensation if you paid your last finance payment no more than 6 years ago or you still have your finance. If you had a Club La Costa Fractional membership and used Barclays, Hitachi(Novuna) or Shawbrook to finance it, it's time for us to submit your claim.
Due to the high court ruling we are expecting claims to be settled fairly quickly. However, the banks involved have a potential 500 million to pay out, so we are looking at the worse case scenario being 12 months or less.
To begin your Club La Costa Fractional Timeshare claim, get in touch. You pay us nothing, unless we win.
