For those who paid a retainer fee to United Online http://wp.me/p1kmoi-7V and are now told the sale has fallen through, PLEASE read this blog for the next chapter of their lies!
People cheated into paying a retainer fee by United Online, are passed to TS Consultants http://wp.me/p1kmoi-9t who claims to be working with larger companies who are buying timeshare for their employees.
TS Consultants Tel: +34 971 679 151 Carrer D’Arago 141, Ibiza 07800, Spain http://thetsconsultants.com explains that in order to sell the timeshare, the owner has to travel to Spain, this can be Benidorm, Mallorca and we even have now a consumer who has been invited to Fuengirola.
We already placed a warning on this blog (http://wp.me/p1kmoi-bT) about the company who is waiting for the timeshare owner in Mallorca, PDCI, Property Development Consultants International +34 971 606 005 Club de Golf Son Quint, Carretera Son Vida s/n 07013 Palma de Mallorca, Spain http://pdci.es , but after a bit more research and more information from timeshare consumers who went to the meeting we want to share their experience with you.
This is what happens at the meeting:
The meeting takes place at the offices of PDCI – Property Development Consultants International S.L.; their representative explains to the timeshare owners that they were not purchasing their ownership but transferring it, and they are solely acting as agents for Vacation Consultants Ltd.
They tell them that monies are put into trust, the timeshare owner has to send certificates within 21 days of the anniversary on an annual basis for 5 years after which time they will be paid the agreed (purchase) amount of £9756.50 plus £2000 which they pay to them at that meeting, plus £5395 which is still to be paid. If this were a bona fide scheme the timeshare owner would be saving £6000+ in maintenance fees over that period. (This is an example of people who actually went and purchased)
When checking on Google for Vacation Consultants Ltd. It appears they were dissolved in 2002; however the timeshare owner was given bank account details into which they were supposed to pay the outstanding amount.
The reward scheme is run by Loyalty Reward Scheme S.L. Apartado de Correos 837, 29620 Torremolinos, Malaga. The document with details of the scheme is briefly shown at the meeting, but not made available for people to take away. (??!!)
At the meeting the timeshare owner is also issued with a letter which states they can claim a minimum of 5% and up to 100% of the value of the reward. When questioned by the owner, the representative replied it has never paid out less than 70%.
After returning home the timeshare owner emailed PDCI telling them they did not wish to continue. They responded with a different offer.
Apart from the above being all very dubious and unclear, the amount of money to be paid upfront is definitely not the taken lightly!
People who travelled to Mallorca and did not sign up for this scheme did not get any money refunded for travel costs and neither the initial retainer fee paid to United Online!
Do you have an appointment arranged by TS Consultants? Please let us know!