They are all coming out of the woodwork this week! Further to reporting on the resale company Pana Travel yesterday, we have also been notified of another scam that is being operated out of the UK. This company is playing off the back of the recent claims that have been awarded in Spanish Courts in regard to contracts purchased in perpetuity and with floating weeks. We have reported on several consumer wins over the past few months in relation to these cases.
However, Asset Recovery Solutions is using these wins to gain the confidence of their clients, they are calling Timeshare owners, promising that they can claim back the original payment for their Timeshare, as their contract will be deemed null and void, promising sums in the tens of thousands. They, like most scam companies, are well trained in the art of lying, and sound extremely professional, knowing all the terminology, and making it sound rather believable that you will see this big pot of money.
So, where is the catch? You may ask. The agent will ask you to deposit a fee into a British bank account, this fee is to pay for administration and legal fees up until the case is heard, but you are promised that you will get this back, as your win will be much more substantial.
ARS are using an 020 number to call you, which you would presume would be a London based office, with the dialling code relating to a London area. However, this is incorrect, 0203 numbers are being used by many scam companies, which you can read more about here. The full number to watch out for is 0203 598 6976, although this is easily changed. They also use a free phone number 0800 2118 014.
We at the TCA want to warn you once again, that if something sounds too good to be true, it usually is. If you are contacted by any company asking for up front fee’s, be very wary, and check them out before you pay them anything. Further to this, cold calling is illegal in itself, so please be aware of calls out of the blue from a company that you have never dealt with. If you want peace of mind, give us a call before you make any payments to a company, to find out if they are legitimate. Email us at Info@TimeshareConsumerAssociation.org.uk or call us on 02035 193 808 if you have been contacted by Asset Recovery Solutions, or another company that you think could be similar, please let us know so that we are able to investigate further.
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