01908 881058 info@timeshareconsumerassociation.org.uk Donate

Timeshare Closure – One to be aware of

Posted on December 21, 2020

Timeshare Closure – One to be aware of
Timeshare Closure

It all begins with a cold call and a stylish website and Timeshare Closure is no exception. All looks good, until you dig a little deeper. From our initial research we can establish the domain name and website were only registered on 26thJune 2020, which is odd because in the “about us” section of the site it states:

“We have helped hundreds of customers avoid the pitfalls created by dubious organisations and in the rare case that we cannot help we will be able to recommend a company that can.”

Considering, at the time of writing, the site has been in existence for a mere 158 days we find it amazing that they have helped hundreds of customers.

Timeshare Closure

Are they registered?

We have checked the records on both UK Companies house register and also the Spanish equivalent. There is no record on the UK registry, however there is a company registered on the Spanish mercantile registry named TC Closure SL. According to the entry, the company was registered on 8th June 2020 showing a sole Director as Savannah Mary Harriett. This would appear to be in line with the registration date of the website. The trading address is stated as Calle Tinguafaya 83 -local 1, Despacho 2, In Chayofa 38652 – (Arona) – Santa Cruz De Tenerife.

Timeshare Closure

Conclusion

From copy correspondence we have received we conclude that Timeshare Closure is yet another lead generation company. Their contract is fairly standard for a straightforward timeshare exit but the puzzling point is reference to the Financial Conduct Authority (FCA) approved legal specialists. Timeshare exits are classified as unregulated business as far as the FCA is concerned and as such we fail to see the need to pass client data to such a regulated firm. The fact that this statement is included in the terms would tend to strengthen our belief that Timeshare Closure is simply lead generating for third parties.

Timeshare exits can be quite complicated and we would advise that advice is sought from those companies that carry out all the work in-house also the very same companies that have had a number of years of successful exits and happy clients as well. 

As is our normal mantra, make sure you do your home work; all that glitters is not necessarily gold. 

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

Related posts:

  1. Be aware! Be very aware!! of this change in the law “Net Contribution Clauses”
    Be aware! Be very aware!!  “Net Contribution Clauses” One way of managing this risk is to limit or exclude liability in contractual documentation. You can now do this by way of...
  2. Be Aware of Robocalls!
    What is a robocall? A robocall is an automated telephone call which delivers a recorded message, typically on behalf of a political party or telemarketing company. In the United State,...
  3. Do you own a timeshare in Alaska? Be aware.
    Timeshare owners in Alaska who feel that they have been a victim of a scam company to file a complaint with the Consumer Protection Unit online after a woman who...
  4. Madeira Regency Palace – Timeshare Closure
      We have been advised that on the 27th May 2015 Madeira Regency Palace Hotel released a communication to its consumers to state that that hotel is potentially closing and...
  5. Timeshare in Perpetuity
    Perpetuity – a simple dictionary definition: endless or indefinitely long duration or existence; eternity. You remember when going to sales meetings to buy your timeshare, the nice man in the...