posted 6th August 2024
Firstly, let's start with how you won't get any money back.
1. By claiming through the Spanish Courts. Why is that? Because the companies you purchased through have gone into liquidation, even if you won an agreement in principle, you wouldn't receive any money.
2. By making an 'administration' claim. The companies in question have no funds to distribute.
Now let's turn our attention to HOW TO REALLY get your money back.
The first step in checking if you qualify is determining how you paid or are paying for your membership. You are on track if you paid by finance through any of the following companies.
1. Barclays Partner Finance
2. Shawbrook Bank
3. Honeycomb Finance
4. Novuna (previously known as Hitachi)
5. First Holiday Finance
6. Oplo
7. Tandem
8. Link Financial
If you didn't take out a loan to purchase your membership, you don't qualify for a claim, as no financial mechanism protects your cash/bank transfer payment. If you took out a loan and paid it off, you and the members still paying for their loan are protected by the CCA (Consumer Credit Act.).This means that the finance company that lent you the money for your mis-sold Club La Costa membership is responsible for paying you back. The CCA covers all regulated credit agreements and credit cards, regardless of product or service. As such, the lender is responsible for paying back and compensating all successful claimants.
At this point in time only members that have or have had a CLC Points or Fractional members qualify. Trial members that never upgraded and only ever held this level of membership, do not qualify. If you upgraded from a trail membership, to another, you qualify to claim.
How much compensation will you receive?
1. A full refund of your loan.
2. 8% statutory compensation per year.
3. Outstanding loan written off.
You can check if you qualify with us for free. We do not charge a penny in upfront fees; you only pay us once you have received your compensation from the bank. If your claim is unsuccessful or you don't qualify, you pay us nothing.
