BBC collaborates with Timeshare Consumer Association to expose Barclays loans scandal

Award winning national BBC finance program Money Box reports on timeshare loans scandal, following advice and direction from leading timeshare consumer association

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Scandal exposed

Thanks to the counsel and direction of Timeshare Consumer Association (TCA), acclaimed national radio show Moneybox was able to advise its two million listeners on the shocking timeshare loan saga

For years, Barclays Partner Finance has been fiercely criticised over their association with disgraced Maltese timeshare company Azure. People who took out loans to buy timeshare complained of high pressure sales, dishonesty, and unlicensed, commission only timeshare salespeople handling and manipulating the application process.

Loans quashed

M1 Legal, a leading firm of timeshare lawyers spearheaded the campaign which led to Barclays cancelling nearly 1500 loans (worth around £48 million), refunding all payments made and paying interest on those payments. It took 4 years and the lawyers at the forefront of the campaign have achieved legendary status in the legal community for defeating the giant finance house

BBC Seeks TCA's expertise

BBC Radio 4's industry leading, respected financial advice program Moneybox had been alerted to the loan scandal by victim "Sheila" from Milton Keynes. Moneybox reporter Daniel Whitworth got in touch with the Timeshare Consumer Association in June 2021, and spoke with TCA's Information Officer, Daniel Keating.

Keating was already communicating with the lawyers involved, and put the grateful Whitworth in touch with the legal champions. Over the course of many phone calls, TCA and M1 Legal brought Whitworth and his colleagues up to speed with the intricacies of the case. The program aired 26th June 2021 and immediately the Timeshare Consumer Association's switchboard lit up with enquiries from other timeshare owners who had felt pressured into life changing loans.

Other timeshare loans targeted for refunds

Keating explains that while the BPF victory is a huge win , it may be only the tip of the iceberg. "This £48 million in cancelled, refunded loans only covers the BPF loans written at one particular timeshare resort, in a specific two year period. We believe that people who suffered from similar unsafe alliances between other high pressure timeshare operations and finance houses may be similarly liable."

For free, expert, independent advice on timeshare related issues, contact the Timeshare Consumer Association on the details below