A new cold calling Mediation Company has been spotted by the name of European Settlement Associates.
This company claims to be based in Madrid at Calle de Codo 15, Planta 15, Officina 4, Madrid, 28071 and is using as contact number 0330 124 0310
On the first cold call the agent of European Settlement Associates or ESA explain that they are representing the Supreme Court, the Tribunal Supremo in Spain.
They have been given a list of companies that have been taken closed down by the police. From this supposed list they have been given the details of the victims of these companies and are now contacting them to bring the good news.
As it seems the bank accounts of these dubious companies the Timeshare owner was dealing with before have been blocked and the money is now set aside to be paid back to the victims. And as seems to be the latest pitch with these kinds of cold callers, the victims will not only recover the money they actually paid but also the amounts of money they were promised.
Sounds too good to be true? You tell me!
Strange enough, European Settlement Associates is not using email and everything is to be done by phone or by post. But they do have a website http://europeansettlementassociates.com/ which was registered the 25th of January 2015.
On the website of this Spanish based mediation company, the information is only available in English and there is no company information, registration numbers etc. We have been unable to find this company at the register of the Spanish Companies House.
As there is of course always a catch with these companies, the agent from European Settlement Associates advises the Timeshare owner he will need to pay for translation and Lawyers’ fees in order to claim back his part of the money.
Please note that there are no court settlements or Supreme Court orders for money to be paid back to victims of fraudulent companies. Neither would this be notified to you on a cold call by a company of which no registration can be found.
If at all you would be able to claim back your losses, it is not to be expected that you would get the amount promised though on a simple phone call from a dubious company.
We would certainly not recommend any dealings with European Settlement Associates calling from 03301240310 in Madrid.
If they have contacted you then please send us a message by email to email@example.com or place a comment on this blog