The Consumer Credit Act gives buyers the right to claim a refund for items bought on a credit card
Timeshare owners are reclaiming thousands of pounds from banks and credit card firms after being mis-sold holiday properties.
Customers are using Section 75 of the Consumer Credit Act 1974, which gives buyers the right to claim a refund for items bought on a credit card costing between £100 and £30,000 if the goods or services are not as described.
Many owners say they were promised cheap holidays by the firms flogging timeshares.
Instead many cannot book a break when they hoped, or are hit with hefty management fees.
The Financial Ombudsman Service, which settles disputes, is ordering banks to refund the cash.
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