posted 16th November 2023
Do you want to cancel your timeshare loan debt? Is it affecting your credit score or reducing your ability to borrow? Has the cost of living crisis meant you cannot afford it, or do you feel like you are not getting what you paid for?
If your timeshare finance is with Barclays Partner Finance, Shawbrook Bank or Hitachi Personal Finance (Novuna), you have an unsecured linked finance agreement, which will be visible on your credit file. Linked Finance is where the seller has a direct relationship with the lender to provide loans for specific products and services.
Lenders often hedge their bets when lending for products and services that they feel will substantially increase their loan book and massage their end-of-year figures. Especially challenger banks seeking to gain a foothold in the lending market.
Consequently, they often provide financing for products that high street banks wouldn't touch due to the legitimacy of the product financed. As is the case for timeshare loans.
If you took out a linked finance timeshare loan and have paid it off, refinanced it, or still have your loan, you are afforded protection under the 1974 Consumer Credit Act. This means that the finance company is responsible for compensating you if anything goes wrong.
However, due to the unscrupulous nature of many timeshare lenders, this is often more challenging to implement than it should be. Our company have represented thousands of timeshare owners over the last ten years. And in that time, we have managed to secure millions of pounds for victims. This includes refunds, compensation, and finance write-offs.
If you have a timeshare loan debt or arrears and need help, get in touch. Our expert team can give you the best free advice and guidance, and get you back on track.
We do not charge any upfront fees, so you don't pay us anything unless we win. Contact us today by filling out a form on our website or by calling us.
