Keep up to date with news & views about timeshare termination, mis-selling claims and compensation payable to consumers throughout the UK. Follow us here.

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£24 Million Worth Of Fraud Blocked

A Financial scam is committed every 15 seconds in the UK and can leave those affected in financial turmoil.

 

 

It has a devastating impact and often targets the most vulnerable people in society. Many people are left feeling socially isolated and too uncomfortable to discuss it with their friends and family.

A new scheme to target the problem, which was deemed out of control, was launched in May 2017. The Banking Protocol is a rapid response scheme and has, so far, led to 197 arrests and prevented £24 Million worth of attempted fraud.

Since March 2018, all 45 … Read more

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Millions Of Travellers Set To Benefit From New Holiday Protection Directive

The new EU Package Travel Directive, ensures all travellers get the same holiday protection.

From 1 July this year, travel agents must take responsibility for each aspect of a holiday someone books with them in a single transaction. The new rules make travel firms responsible for every aspect of the holiday, and sorting out any problems falls to them. This means that the travel providers must ensure the holiday is as promised, even if they do not actually provide the service they are selling. For example, if you book a flight transfer, excursion and something goes wrong, it is up … Read more

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Interest-Only Mortgages, The Ticking Time Bomb !

Thousands could be owed compensation, if they were advised to take out an interest-only mortgage when other loans were available.

 

Experts in the industry have been warning for years about the ticking time-bomb of interest-only mortgages.

For most of us, our mortgage is the biggest and most important loan that we will ever have, a mortgage will be your largest debt. Given that the amount loaned can be spread over many years, the repayments are more manageable and affordable !

Before the financial crisis, many people were encouraged into interest-only mortgages. It was a popular and more affordable way … Read more

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Timeshare Victims In Distress !

Praetorian Legal are representing a large number of claimants in relation to mis-sold timeshare contracts, many of which have bottle-necked with the Financial Ombudsman Service (FOS). These cases are ones where the finance provider has refused to acknowledge responsibility for the mis-selling of the contract, and so we have had no further option but to lodge complaints with the government body.

The Financial Ombudsman Service was set up by parliament as an independent public body to resolve individual disputes between consumers and businesses, fairly, reasonably, quickly and informally. As per their mission statement explains: “What matters most to us … Read more

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ICO Names and Shames Illegal Telemarketers

Our Vault LTD fined £70k by the Information Commissioners Office, after making 55,364 nuisance phone calls.

 

In a statement, the ICO said it had issued an Enforcement Notice to the company, ordering it to stop its illegal marketing activity.

Our Vault had been cold-calling people who had previously registered with the Telephone Preference Service (TPS) and had not consented to being contacted by Our Vault.

Our Vault claimed that all their personal data was checked against the register. However, following an investigation by the ICO, Our Vault were found to have never requested a TPS license. A TPS license … Read more

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New Technology Helps HMRC Take Down Fraudsters.

Over the past 12 months, HMRC has requested the takedown of more than 20,000 corrupt websites. HM Revenue and Customs claims to have saved the public over £2.4 million, by shutting down websites and fraudsters who run them. Most people with a mobile phone have probably received a text purporting to be from HMRC which looked authentic. The public have been made aware that these texts are fraudulent, by the government, who stated that they would never contact an individual by text, despite this being the way in which many people have been scammed.

Fraudsters alleging to be from HMRC … Read more

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Azure Resorts, do you have a claim?

Praetorian Legal are representing a number of clients in relation to mis-sold timeshare contracts by Azure Resorts Ltd.

A number of our clients purchased timeshare products with Azure Resorts, which were funded by loan agreements arranged by the resort. The sales company which advised those clients to enter into sizeable and complex loan agreements was not regulated by the Financial Conduct Authority, rendering the loan agreements unenforceable.

Many clients were not provided the correct information when signing the loan agreements, some signed the contracts after enduring long, high-pressure and aggressive sales presentations. FCA guidelines are in place to ensure that … Read more

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TSB Overwhelmed by Incidents of Fraud.

TSB loses 12,500 customers after database migration crashed its system for millions in April. The bank says it has been overwhelmed by incidents of fraud following the technical meltdown.

Thousands of customers have been receiving fraudulent messages and emails and the bank has been unable to properly assist customers due to the sheer volume of incidents.

So far TSB has received 95,613 complaints from customers who have been locked out of their online bank accounts and mobile Apps; some customers even gained access to accounts that did not belong to them.

The cause of the problem was an IT migration … Read more

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Trapped Woman Died During Stay at Timeshare Resort

Mary Isherwood died during a stay at her family owned timeshare, at the Las Talgarth Holiday complex in Wales.

An inquest heard how Mary Isherwood dies from hypothermia after getting lost while going to the toilet in the middle of the night and getting trapped in the airing cupboard when the door-handle came off.

It is believed that Mary became trapped in the cupboard on the first day of her holiday. She was discovered deceased by maintenance workers, who were sent to investigate some leaking water. Mary had been staying at the family-owned timeshare for the final time, as she … Read more

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Timeshare Fraudster Sent To Prison For Repeat Telemarketing Offences

Wesley Scott Aldred, from Kissimmee, Florida has been sentenced to 21 months in prison for violating the conditions of his probation order. He was previously convicted for telemarketing fraud in 2015, for participating in a timeshare resale fraudulent scheme. The company, named Premier Timeshare Solutions, defrauded timeshare owners all over the United States, including South Illinois, where Mr Aldred is currently serving his sentence.

Whilst on probation for that conviction, Aldred was found to be engaging in a similar telemarketing scam which targeted Timeshare owners. Aldred and nine other defendants were indicted in May 2014 for felony charges, including conspiracy … Read more

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