Timeshare misselling

flyer

I'm trying to get my head around this.

We bought points in 2009 and companies are now telling me that, following a Supreme Court ruling in Spain, these "in perpetuity" contracts are now voidable and all payments can be reclaimed.

Sounds great, but if it is, why do they want a lot of money off me to pursue a claim? Why can't they do it on a no win no fee basis?

Just a thought!

onomatopoeia99

flyer wrote: »

I'm trying to get my head around this.

We bought points in 2009 and companies are now telling me that, following a Supreme Court ruling in Spain, these "in perpetuity" contracts are now voidable and all payments can be reclaimed.

Sounds great, but if it is, why do they want a lot of money off me to pursue a claim? Why can't they do it on a no win no fee basis?

Just a thought!

Why can't they? Because they don't wish to operate their business that way, perhaps. There is no obligation for legal professionals to offer services on a "no win, no fee" basis.

TELLIT01

It may be possible to reclaim all payments, but presumably the companies who operated these schemes won't have the funds to do the refunds. If they go bust there will be nothing coming back and the legal firms would be out of pocket. That said, the only way anybody should consider paying any money over is after very careful investigation of the company requesting the money.

Alan_Bowen

It might not be so bad if they were legal professionals, but 99.9% of people offering these services are not solicitors but conmen who start and close companies faster than you can say 'where's my money gone?'

flyer

onomatopoeia99 wrote: »

Why can't they? Because they don't wish to operate their business that way, perhaps. There is no obligation for legal professionals to offer services on a "no win, no fee" basis.

I agree. But if I was sure it's a "slam dunk" and a "no brainer", both of which I have heard, I would be more than happy to take it on a NWNF basis!

zagfles

Because they're probably scammers! Never pay upfront, if they really thought they could get your money back, they'd be happy to take their fee out of your successful claim.

jimbo6977

Probably the same charlatans who were running round flogging timeshares 10 years ago!

What's Spanish for irony?