01 Oct 2008 6:21 PM:

Have just had a reply from Timeshare Consumers Association  which says 'don't touch with a bargepole'. 

I have also now received the promised email which comes from the Spanish equivalent of a hotmail address - hardly inspiring confidence!

"With reference to our earlier telephone conversation, I am writing to confirm that we have contacted you in regard to the Loyalty Bonus Scheme you signed for when you purchased your timeshare with United Paradise either at Chayofa Country Club or The Palms.

As discussed you paid an initial £139.00, then a further £139.00 annually and your return should have been £ 5,000, £7,000 or £12,000. To date no-one has received any monies from this scheme and you were eventually told that there was no money available. Trustees have been appointed and have recovered assets from the Company releasing available funds for those affected members. Your refund depends on the term of the investment with the minimum amount being £5,000.

There is an administration team based in Tenerife, where you purchased to deal with these refunds. The company will provide up to 7 nights accommodation free of charge to you on the Golf del Sur in the South of Tenerife for all named parties on your original Loyalty Bonus Certificate and their dependent children.

The fee of £175.00 mentioned to you, once paid for your protection by Visa or Master card is to cover legal, administration and registration fees.

I look forward to speaking to you again as arranged, should you have any further queries please do not hesitate to contact me.

Subject to availability, terms and conditions apply.

Yours sincerely

Victoria
Corporate Office"



Thread: Anyone heard of Asset Management Recoveries Barcelona?

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01 Oct 2008 5:44 PM:

We have now had two calls about this and have been promised an email with the details - but this has so far failed to arrive. Lynn at Asset Management Recovery in Barcelona claimed that they were acting on behalf of trustees appointed by the courts to reclaim the loyalty bonus payments. A cheque was effectively waiting for us in Tenerife - although she could not tell me how much - just that it would be between £5k and £12k depending how much we had paid in. We had to go there to sign the papers and show our passports as proof of identity. The £175 was a 'legal administration fee' which had to be paid in advance but we would have 7 days free accommodation. They had thousands more people to call and the weeks were already getting booked up so it would have to be into next year. She said she would call back later to see if I have received email and have any more questions. I have emailed the Timeshare Consumers Association to get their views.

Thread: Anyone heard of Asset Management Recoveries Barcelona?

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