posted 21st July 2023
In the High Court in London on the 5th of May 2023, Mrs Justice Collins Rice upheld the original decision by the Financial Ombudsman Service that confirmed that the CLC Fractional membership was illegally sold as an investment. She ordered Barclays Partner Finance, Hitachi Personal Finance (Novuna), Shawbrook Bank, Honeycomb Finance(Oplo), Link Financial and First Holiday Finance to award all qualifying Club La Costa Fractional Owners Club members compensation.
We began submitting claims for the mis-selling of the Club La Costa Fractional Timeshare membership ten years ago. However, due to a large-scale cover-up and propaganda war by the timeshare industry, Club La Costa was able to continue mis-selling to thousands more victims. The collaboration between Club La Costa, Timeshare governing bodies, and pseudo-regulatory bodies is among the biggest cover-ups in Timeshare history.
Cancelling your Outstanding Finance.
It is important to note that the only way to cancel your outstanding finance agreement is to make a regulated claim in the UK. This is where the companies that provided the finance are based, governed, and covered under the 1974 Consumer Credit Act. We can do this for you without the payment of any upfront fees.
Spanish Legal Firms cannot cancel British finance agreements as they are not regulated to do so. So paying upfront fees to claim in Spain is a waste of time, and you will end up in a worse position than you started.
Paying thousands of pounds in upfront fees to get yourself on the liquidator's list of beneficiaries will also not cancel your finance, cancel your maintenance or gain your compensation. Salespeople often use this sales trick to elicit hefty upfront fees . When, in fact, you could have signed up for free!
The only way CLC members can gain compensation is by making a regulated claim against the finance company that funded the purchase, as stated in the recent high court decision.
Claiming through the Spanish courts is a waste of time. Club La Costa closed down and was sold off. As such, there is no money to be handed out even if you win your claim in Spain. Don't be fooled by 'so-called' Spanish court documents that show huge compensation awards. This is just another method of convincing you to pay an upfront fee.
Any genuine and regulated company like ours that has your best interests in mind will never charge any upfront fees and only take their fee if your claim is successful.
If you are a Club La Costa Fractional member and would like your money back, get in touch. Below is an example of what our successful claimants are receiving.
1. Outstanding finance written off.
2. Full refund of money paid to the finance company.
3. Compensation of 8% per year on the total capital
4. Maintenance fee refund
5. Fractional membership cancelled
You will pay us absolutely no upfront fees and only pay us if we win.
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