When consumer a wishes to seek advice on timeshare issue exits and compensation then those consumers are entitle to independent and unfettered advice.
Many in the industry purport to offer that unfettered advice and free of charge to consumers. As your granny used to say- you get what you pay for and nowt is free.
The advice received basks in conflict of interest as if the advisor is pay by, remunerated from or has an allegiance to the industry then the advice will be tainted.
If the consumer has an issue with the industry, then it is in the industry benefit to intervene and create advice platforms so as to smooth over conflicts on a cost advantageous platform.
The industry permits untrained, unqualified, cheap and ill inform people to tender the advice which is wrong and in many cases a wicked tortuous interference.
These advisors are not member of legal bodies, are poorly educated, have no right of audience and a court, cannot represent you, draft unqualified and ridicules advices are unregulated, misguided and lack basic legal principles
The practice is immoral, unethical and denies a right to consumers.
Many times we learn that the consumer recovered far less than what they are entitled to and the resorts and timeshare sales companies get of either Scott free or at a discounted rate which is entirely due to the conflict of interest.
Consumers are strongly advised to steer away from industry sponsored, so call advisors, so that they obtain a balanced, independent and meaningful appraisal of their issues they have.
Definitions of Conflict of Interests for advisors
‘Conflicts of interests means any situation where:
- You owe separate duties to act in the best interests of two or more clients in relation to the same or related matters, and those duties conflict, or there is a significant risk that those duties may conflict (a ‘client conflict’);Or Your duty to act in the best interests of any client in relation to a matter conflicts, or there is a significant risk that it may conflict, with your own interests in relation to that or a related matter (an ‘own interest conflict’)’
- ‘Own interest conflict, means any situation where your duty to act in the best interests of any client in relation to a matter conflicts, or there is a significant risk that it may conflict, with your own interests in relation to that or a related matter.’
- ‘Client conflict, means any situation where you owe separate duties to act in the best interests of two or more clients in relation to the same or related matters, and those duties conflict, or there is significant risk that those duties may conflict.’
- ‘Substantially common interest, means a situation where there is a clear common purpose in relation to any matter or a particular aspect of it between the clients and a strong consensus on how it is to be achieved and the client conflict is peripheral to this common purpose.’
If you have been subjected to an Industry based advice and are unhappy, you should report the advisor to the Ministry of Justice immediately.
Any and all case will have a very good prospect of success as quite clears the advice and the purpose of that advice has conflict in the extreme.
For more information regarding this article or assistance in any other timeshare related issues please contact the TCA on 01908 881058 or email: info@TimeshareConsumerAssociation.org.uk