All you need to know about claiming timeshare compensation
If you’re unhappy with your timeshare contract you could have a case for a compensation claim.
Owning a timeshare can seem like a perfect opportunity to enjoy regular holidays with your family – and for many owners it is. However, for others the reality fails to live up to what was promised, and they find themselves saddled with unfair and expensive contracts that can be difficult to escape.
If this applies to you, you could be eligible for timeshare compensation – but don’t plough ahead without some expert advice. We asked some timeshare lawyers to share their top tips on filing a successful compensation claim.
Make sure you’re eligible
Claiming timeshare compensation can be a lengthy and costly process so, before you start the ball rolling, double check that you’re actually eligible for compensation.
There are a number of scenarios which might give you cause for a compensation claim. Chief among these are unfair (and in some instances, illegal) contracts – for example, those which tie you in for at least 50 years, and ‘floating week’ contracts which can make it difficult to get full use out of your timeshare. Being a victim of pressure-selling tactics and false promises, or being asked to hand over money during the official cooling off period, can also give you a valid reason to pursue a claim.
However, if your experience doesn’t fit neatly into any of these categories, don’t be deterred. You may still have a basis for a claim, so it’s worth seeking out some expert advice before you dismiss it altogether.
Get your paperwork in order
Once you’ve confirmed your eligibility, it’s time to get your paperwork in order. In order to understand exactly what you’ve signed up for you need to go through your contract with a fine-tooth comb and get to grips with all the facts and figures. A careful reading of your contract will allow you gain a thorough overview of your situation, and will also tell you which country holds jurisdiction over your contract – essential information for any solicitor who takes on your case.
Unfortunately, the timeshare compensation industry is plagued by unscrupulous scammers who are only too happy to prey on unhappy timeshare owners, so it’s important to keep your wits about you. Be very wary of any unsolicited cold calls that come out of the blue and be sure to exercise caution and do your research before revealing any personal information.
Seek professional advice
As with any legal proceedings, it’s always best to seek professional legal advice, preferably from a solicitor with expertise in timeshare compensation claims. Most will be happy to provide a free initial consultation where they can assess the viability of your claim and outline the pros and cons of proceeding with legal action. If you decide to go ahead with a claim, a good solicitor will be on hand to guide you through the process and improve your chances of reaching a deal that works for you.
Claiming timeshare compensation can seem like a daunting prospect, but if you’re truly unhappy with your situation, it’s definitely worth considering. With some solid legal advice, there’s no reason why you can’t succeed in your claim and escape your timeshare contract.