Thanks for the advice Mustang! I contacted the TCA and they basically told me to stop paying both CLC and GE and send them the 'misrepresentation' letters aswell, so were are going to do this asap. Youve no idea how much of a relief it will be to have an extra £700/month instead of wasting it down the drain to GE Money! And yes im still paying the maintenance fees. We actually couldnt afford to pay last years and theyve been sending us debt recovery letters etc etc, so we ended up having to set up a 5 month installment programme with them last month that works out at 430Euros each month! We have only paid 2 installments so far. Will i need to pay the other 3 installments before i send CLC the 'misrepresentation' letter cancelling? (saving us another £400/month!) Ahhh i can see this is going to be a very long process, but worth it in the end i hope. Thanks again

I would be eternally grateful if someone could help me out here. Myself and my girlfriend were also duped into buying points with CLC in July 2008 with the finance being obtained through GE Money to the tune of £32,000 !! We are now financially at breaking point as the payments are £700/ month. We have written to GE with our complaints concerning CLC and how we were misrepresented but they have basically told us there is nothing they can do. We have not contacted CLC as we do not want them to cancel and us to be left with nothing. I contacted a timeshare lawyer around 6months ago who told me he thought we would have a tough time trying to convince a court that we were 'grossly misrepressented' and we feel we are now stuck with this enormous debt which we are struggling to pay each month.....it is even more than our monthly mortgage payments. Were also supposed to be getting married and cannot afford it, its completely ruining our lives! Could or would anyone advise that we just stop paying GE Money and let them take us to Court as this is what we have been thinking of doing? Has anyone else done this and what has happened. We are worried that if we stop paying then our home will be at risk (i dont even know if our loan is secured, its a Holiday Ownwership Loan from GE Money). Your thoughts would be greatly appreciated. Keith