posted 9th May 2023
On the 8th of May, 2023, the judge presiding over the judicial review against the Financial Ombudsman Service dismissed the case. Citing the original decision made by the Financial Ombudsman to be upheld.
What does this mean for Club La Costa Fractional members?
If you purchased a CLC World Fractional property rights membership and paid for it using any one of the below companies, we can get your money back.
- Barclays Partner Finance
- Shawbrook Bank
- Hitachi Personal Finance (Novuna)
- First Holiday Finance
What compensation will you receive?
1. A full refund of money paid to the finance company.
2. 8% simple interest per year
3. Maintenance fees
4. Outstanding finance written off
5. Credit score corrected
Club La Costa were found guilty of illegally selling their fractional product as an investment. This landmark decision opens the floodgates for Diamond Resort Timeshare owners, that are also entitled to compensation.
Despite a propaganda war forged by the timeshare industry for many years, finally, thanks to the tremendous work of our team, our clients have received the justice they have been waiting for.
How do you submit your claim for compensation?
Our no upfront fee claims process is simple. Contact us for a free assessment of your case. Our team will investigate the likelihood of success and the amount that you should expect to receive. We will send you our terms of business and get your claim submitted. As with the Azure Resorts claims, we expect there to be a window of time to wait whilst the banks prepare for one of the biggest timeshare mis-selling payouts in history!
If you haven't yet submitted your claim with us, get in touch.