The new Timeshare Disposal Service offered by ITRA

Although many people might think that everything that can be said about ITRA (International Timeshare Refund Action) has already been said on this blog, we still found a new angle to their dubious services.

Timeshare consumers are cold called by ITRA (International Timeshare Refund Action) and invited over to Spain, to their offices in Calle Isla Gomera 5, 29640 Fuengirola. That we know already, and we also know they are presented with the possibility to joining Class Actions against their Timeshare Company and / or RCI the exchange company.

Obviously business isn’t that blooming anymore and with modern technology, people inquiring on the internet before saying yes to an invite and the amount of companies around promising the moon and taking money from innocent timeshare consumers, all together doesn’t make life easy for ITRA (International Timeshare Refund Action)

So not only does ITRA now present the possibility of the Class Action to the consumers, they also make them aware of an additional service they provide; the timeshare disposal.

Just think about the continue changes of role from ITRA over the past years. First they were ITRA as in International Timeshare Resale Association and their main member was ETOO, then they changed to ITRA as in International Timeshare Refund Action where the consumer could change of ownership to Club Class with trade in of timeshare membership and join a Class Action against the resorts or a Class Action against RCI…and now, the disposal service!

Of course, in order to convince the timeshare consumer about the need to dispose of their timeshare through ITRA they kindly make them aware of the fact their holiday club won’t accept a disposal directly from them, or would charge at least 10 years’ worth of fees to do this. They also use the perpetuity story ready where the timeshare owner is told his timeshare will pass on to the children after they are gone and the children will be paying their debts on the timeshare forever, and other horror stories of this kind.

For this service ITRA charges around the £5000 of which the consumer pays a deposit of around £1000 on the day and the balance afterwards.

The fact that ITRA uses stories to create a fear in consumers, the fact they even accept the disposal of the timeshare when not all owners on the deeds are present or have signed for this, and the fact they take a deposit on the day with no cooling off at all, makes us believe that ITRA must be getting quiet desperate to get some money through the doors.

Needless to say that in a short period of time we have received numerous complaints from consumers who fell into the disposal trap of ITRA and paid the deposit or even the balance and found themselves with the timeshare remaining on their name, the deeds gone as they were handed over to ITRA and ITRA? …well ITRA doesn’t pick up the phone once they have the money in.

Before you go to a meeting from ITRA (International Timeshare Refund Action), before you even consider taking up their services, please talk to your resort about the possibilities of solving your problem directly with them.

Or alternatively write us an email to customercare@mindtimeshare.com or place a comment on the blog.

About mindtimeshare

Mindtimeshare is registered as a Spanish Association - reg number: G-98401524. Mindtimeshare provides assistance to timeshare owners who have been defrauded by holiday clubs and bogus resale companies. The Mindtimeshare project was launched in February 2011. After dealing with timeshare members over several years who had been defrauded by numerous bogus companies and for large amounts of money, I considered launching an Organisation to help timeshare owners that have been targeted by bogus companies. On this blog you can find information about the different active scam companies and their “modus operandi” and also place comments, ask questions and see comments from other consumers who have the same doubts or have been through the same experience. Mindtimeshare has resulted in a huge success and has received the back up from not only timeshare consumers but also from the professionals in the timeshare Industry. Mindtimeshare helps timeshare owners who have been scammed by bogus Discount Holiday Clubs; bogus cash back companies; fraudulent timeshare resale companies; bogus class action companies and false lawyers and notaries. We offer professional answers and advice to Timeshare users. If you want to send an email instead of posting a comment on the blog please do so by emailing: customercare@mindtimeshare.com
This entry was posted in Bogus Holiday Clubs, Club Class Group of Companies, Costa del Sol, Warnings and tagged , , , , . Bookmark the permalink.

7 Responses to The new Timeshare Disposal Service offered by ITRA

  1. Alan says:

    we recently went to Malaga and had a meeting with ITRA. They told us they could release us from our timeshare, took us round to a Notaire office where paperwork was signed. We paid a credit card deposit of £450 with a balance due of £4400. It all seemed so official. Luckly we never handed over the £4400. How are they getting away with this scam for what seems many years

  2. Jacqui says:

    Please all of you do not have anything to do with ITRA we were caught out by these people to the value of £14000.00 we have got our money refunded through our credit card but they are not genuine.DO NOT BE SWAYED.Our holiday club membership is still in our names even though it should have been taken over by their clients.

    • ryan says:

      Out of interest, how long did this process take from the date you dealt with ITRA? Just currently fighting Club Class, their partner in crime.

  3. Mr &Mrs H says:

    We are due to fly out to meet ITRA on the 6th of august.. WE have already been caught by First options, still fighting to get back 1297 from credit card company. Please is there any one safe out there that can help.

  4. Victim says:

    hello, we received a call from ITRA regarding our timeshare. Claimed no upfront fees needed. Subject to the claim being successful you will receive 60% of the compensation awarded with the remaining 40% passed to the claim funders. There will be no other fees required to pay.
    Any comment?

    • agnes says:

      Just got a phone call. She sounded real desperate to invite us to Suntec tower 2 for a meeting.

      Same ruse. Dont go. They dont even understand the word “champerty”. I just received the phone. Same representation. Dont believe they fight first take $ later. No free lunch.

  5. gerrard says:

    hello been cold called by a company called Riocc who say if I qualify they can under Spanish law get money back from RCI for holding back quality weeks? also money from time share weeks I bought plus money from maintance paid? they also warn about your company saying on their site you are funded by the time share companys?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s