posted 10th June 2023
The reality of of owning a Club La Costa timeshare is a million miles away from what people were sold. The average Club La Costa member, has never used there membership due to a lack of availability, were pressured into signing on the day and are over £20,000 in debt on their finance contracts.
Let's look at the average Club La Costa members journey so far.
- Cold called and told they had 'won' a free holiday!
- Purchased a trail membership at a sales centre in the UK
- Took their 'free' holiday and were pressured into upgrading from their trial membership to a full membership.
- After 2 years, find themselves in over £40,000 in debt with Barclays, Shawbrook Bank or Hitachi(Novuna).
- Take another "free" holiday, told that what they were sold isn't true, and in order to get the holidays they want, need to upgrade again!
- Find themselves with over £60,000 of finance and still can't book a holiday!
Despite years of having our claims dismissed by authorities, on the 5th of May 2023, at the high court in London, Mrs Justice Collins Rice ruled in favour of Club La Costa Fractional members and gave us the green light to reclaim compensation for them.
This means that thousands of our clients will now be receiving the compensation they deserve. The breakdown below is what our clients will be receiving.
Breakdown of compensation awards
1. A full refund of all monies paid to their finance company.
2. Outstanding finance written off.
3. Compensation of 8% per year on total paid to the finance company
4. Refund of maintenance fees, plus 8% per year on those payments.
5. Active memberships cancelled.
Not all Club La Costa Fractional members will qualify, as such, it's important to get in touch with us a soon as possible as time limits apply.
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