Free Timeshare Advice and No Win No Fee Claims

Jan. 11, 2010 - PRLog -- It has been widely reported in UK press and media that Timeshare mis-selling practices in its home countries are now under intense scrutiny from Government bodies including the Office of Fair Trading, and with the recent jailing of two co-conspirators who ran a timeshare mis-selling scam out of Graig Park village Wales, this now seems to be the case in the UK. The UK has taken timeshare directive powers and has pursued these law breakers (only UK companies) to the full extent of the law.
However what about Europe, there are over 1.5 million European owners of timeshare, on some 1,312 Resorts, and with timeshare and holiday club complaints at an all time high, it is no wonder that timeshare forum sites are growing by the day of disgruntled timeshare owners expressing their views on this relevant topic. This miss-selling is not as some may think an itemised case of just 1 or 2 unscrupulous timeshare developers trying to earn a quick buck, but a scale that could put the European timeshare market on its back, only you the timeshare owner will know if you have been mis-sold, as no developer past or present will keep logged accounts of how they used to do business. If on the other hand you believe the industries statistics on happy owners, then 85% of you should not read on, if you do read on then look at the 1994 timeshare directive and the three key areas, then ask yourself "was I mis-sold".
Miss-selling has occurred in many shapes and forms in most industries but seems to have evolved in timeshare sales in Europe since 1994, when as then unknown to most prospective timeshare purchasers a timeshare directive was drawn up and implemented on by the European union, this included amongst others three main key areas:
Giving purchasers the right to information in a prospectus before signing a contract and requirements for the content of the contract.
Once the contract is signed, the consumer has a cooling-off period of at least 10 days, during which he can withdraw from the contract without giving any reason.
A ban on advance payments throughout the cooling-off period.
Under these terms:
Any purchaser that did not receive a prospectus (apartment inventory, constitution etc) when signing has been miss-sold.
Any purchaser that did not receive a minimum 10 day cooling off period, when they signed has been miss-sold.
Any purchaser that paid a deposit during their cooling off period has been mis-sold.
These rules were and still are being flouted, under these terms the miss-sold timeshare owner can pursue for a full refund, even if that company is no longer trading, saying this and succeeding are two entirely different things.
There is light at the end of the tunnel for some, whether they take this action up with their own lawyer (must be proficient on timeshare law and the country that they purchased in) or as quoted in a new media campaign by a company in Gran Canaria, they will take these cases on a No Win, No Fee basis.
However they only deal with Timeshare mis-selling that has occurred in Spain or its territories after 1994.
I am sure over the coming months/years there will be lawyers who will jump on the bandwagon of this vastly flouted law, whether it breaks the timeshare industry or not will be another story.
www.claimsdirective.com
No Win No Fee claims for timeshare owners who purchased in Spain - http://www.claimsdirective.com

Email: advice@claimsdirective.com

# # #

Free Timeshare Advice, Free Timeshare Consultations, No Win No Fee claims for mis-sold timeshare owners that purchased in Spain or its Islands after 1994, under the 1994 European timeshare directive.
www.claimsdirective.com