After being cold called from so many different firms over the years.. countless times trying to sucker me in for numerous different reasons, I have decided to do the public a service and make my own blog. I will dissect all these companies 1 by 1 in the event to eventually let the world know who are scammers and who are legitimate companies actually here to help us…

Posts tagged ‘Consumer Credit Act’

Reclaim Certificates.. Is your Cash back or Reclaim certificate due this year?

Is your Cash back or Reclaim certificate due this year?

We are receiving more and more messages from concerned consumers who have their Cash Back / Reclaim certificate due to expire this year and the hopes of getting the money return as promised years ago are slowly vanishing..

With all the publicity and when searching on the web, it has become clear that the likelihood you will get any money out of a Cash back / reclaim scheme is very small and most probably you would stand a better chance to win a lottery.

Cashback schemes or Reclaim Certificates and how they work

As a way to persuade potential buyers of holiday clubs to buy this product, marketing companies are offering Cashback schemes.

Cashback schemes within the discount holiday club industry are redemption based, meaning that clients have the responsibility to claim, and also the return of their investment is based on fund growth, and minimum guaranteed return over whatever period has been stated by the particular Cashback Company.

The amount anyone receives when their certificate matures after several years depends on how successfully the cash is invested, and on how many others make claims.

To make it more difficult, for Cashback certificate holder to be able to claim their money back they have to register it within a certain time, and then they have to claim it within a certain window of opportunity. Miss either set of dates by a day, and they would lose everything.

The real truth is that very few people get any money back at all from these Cashback schemes, and lots of victims complain that they were informed when they purchased their membership by the sales rep, that they would get all their money back plus interests, whereas the Cashback companies, only invest a tiny part of the money paid for the discount travel membership. Reading the articles below you will have lots of info on Cashback schemes, and evidences that support this analysis of how it works.

At the same time it seems that the “bad guys” out there are smelling business and instead of offering guaranteed timeshare sales over the phone they have switched to guaranteed redemptions of the Cash Back Certificate. Companies such as are claiming to be able to get the money back from the Reclaim Certificate even there where the money has been refused before! This is pure nonsense and this set up has a sole objective to get money out of desperate consumers who had their hopes up to claim some money back.

However, out of all of these so called companies there is one name that keeps coming up.  It seems that “Incentive Leisure Group” have been found guilty and there is money sat in a bank waiting to be claimed back by customers who were scammed back in the day..

So if you have a Reclaim Certificate and were scammed by Incentive Leisure Group.  There is light at the end of the tunnel via one company that I am aware of that has help numerous consumers:

Consultancy Investment Services Ltd

Well we would recommend to start claiming a refund NOW for what you paid to this Holiday Club under the Consumer Credit Act 1974, based on mis-representation and where applicable breach of contract! Having been sold a dubious Discount Travel Membership Club with the promise of cashing back in the money spent after a couple of years is a mis representation on itself!

A lot of consumers are actually waiting to see what happens when they claim their certificate and due to this they do not want to start procedures on asking for a refund for the money paid to companies such as ILG and Club Class. Well did they not tell you they were not linked to this cash back when selling you the membership? Why then should you wait? The sooner you start claiming your money back the better!

Some names of Cashback companies / certificates are:
Incentive Capital Return ICR Inversion Claims Services, Inversiones Cash Back Services, Cash Rebate, Cashback Europe PLC, Cashback Sales & Administration SA, Hyprafund, Inversion Cashback Services ICS, Loyalty & Rewards LLC, Loyalty Reward Scheme S.L., Reclaim Capital SA, Reclaim Ltd, Retrieve Ltd, Reliance Reward Trust, RPI Redemption Plan and many others…

Which one do you hold?

In the following articles Incentive Leisure Group, Designer Way Vacation Club & Reclaim Ltd are mentioned. However be aware that this information is provided by the British Media and NOT by RDO Enforcement / Mindtimeshare;

UK’s ASA Bans Cashback Promo of Reclaim Ltd – January 2011 – ASA

Incentive Leisure Group goes under liquidation / Reclaim Ltd mentioned – January 2011 – ILG

Incentive Leisure Group, Designer Way Vacation Club, Cashback Reclaim under the spotlight – Personal Travel Group is the “new” product of Incentive Leisure Group -October 21st BBC

ILG/ Designer Way Vacation Club under the spotlight (Reclaim briefly mentioned) – August 2009, The Guardian.

Saying ‘no’ to timeshare Cashback offer from Incentive Leisure (read first part of the article) –Reclaim Ltd and other cash back used in the past by ILG explained – February 2009, Daily Mirror

Holidaymakers caught in Incentive Leisure and Cashback Promotions snare – January 8, 2009, Daily Mirror cent.html

Exposed: The holiday club rogues behind Timelinx, Designer Way Vacation Club, Incentive Leisure – March 2007, Daily Mirror.

The Reclaim time bomb is ticking louder, July 2005 – This is Money.

Designer Way’s world of dodgy promises, May 2005 – This is Money

If you have any question or doubt about your CashBack / Reclaim Certificate.

We are here to help, and can offer independent, confidential advice on such matters.

Please let us know:

Tag Cloud

%d bloggers like this: