You should take legal action if you have such Timeshare complaints as problems disposing or transferring points or weeks, interest rates that are exorbitantly high in financial institutions that were introduced by marketers, escalating maintenance fees above inflation, and problems getting selected balanced exchanges from exchange companies.
The best way to go about suing players in the Timeshare industry is through Timeshare class action. In English and Welsh courts, the group litigation order (GLO) guides these lawsuits. You could also participate in a lawsuit from outside England and Wales if the defendant is English or Welsh. Filing a lawsuit when you have just lost your money is not feasible and it is often necessary that you get help from Timeshare claim funder. As the term suggests, a claim funder funds your entire case for a fee if you win. So, what makes a good Timeshare fraud claim funder?
A good claim funder is one who sticks by the GLO guidelines when it comes to compensation. According to GLO guidelines, the plaintiffs will get at least 60% of the payout while the claim funder will get 40% of the payoff. Any claim funder who asks for more than this is fraudulent and unscrupulous.
A good Timeshare claim funder is one who has a history of Timeshare refund, and high refunds at that. A claim funder should be familiar with cases surrounding Timeshare. If possible, you should go for a claim funder who has experience in cases similar to yours. The claim funder you go for should not have too many cases in his/her desk, as this would mean he/she would not have the time and/or energy to handle your case effectively.
Although the claim funder will only provide the funds and act as the claims coordinator, it should be able to guide you in the direction of good lawyers. The claim funder should work on a no-win no-pay basis. This means you will only pay if you win. The claim funder should pay the ATE insurance covers and the solicitors’ fees if you do not win, as well as other fees.
An important quality in a claim funder is experience in the area. The funder should have been in business for several years since this is an indicator that it is credible and reliable. Other ways of checking for reliability and credibility are by checking with consumer protection agencies, by reading independent reviews, by asking for client portfolios, and by checking with regulatory bodies. Some of the best claim funders in England and Wales today are International Timeshare Refund Action (ITRA) and Owners Action.
Our objective is to support the consumer in timeshare disputes. We have discovered a pattern of abuse, deception and even fraudulent issues that have been systematically perpetrated by many of the major timeshare industry players to the detriment of owners.
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