A lot of inquiries received this week about the company Financial Recovery Services which is cold calling and offering to do claims for the timeshare consumers who have “timeshare issues”
Not always they seem to know what the timeshare consumer owns, but when speaking to Club Class members they kindly inform them Club Class went into liquidation and for other memberships they twist the story and offer to claim anyway.
Financial Recovery Services don’t ask for money in the first call, but when a timeshare consumers shows interest they kindly send more information and then a follow up call.
They ask for receipts/ proof of how much the timeshare owner paid for the Timeshares and when.
There will be though a 10% disbursement fee which will be claimed back. They feel it is fairer than a No win/No fee claim.
Financial Recovery Services explains that they claim from the financial institutions who have 120 days to answer the claim. They told a consumer their claim would be in a batch of 49 others.
The agent from Financial Recovery Services indicates also they may settle out of court.
Their address is: Office 1351,Henry House,275,New North Rd,London.M17AA. Tel: 0207 183 1763 and Fax 0207 183 1125
The fact that Financial Recovery Services ask for a 10% disbursement fee, their only recent registration on the web, and the cold call approach, makes us think that consumers should be very cautious when dealing with this company.
Have you been called by Financial Recovery Services from London with telephone 02071831763 ? Please let us know.
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