MDC/VRS PONZI SCHEME - ******* CONTRACTS "SHAMEFUL" -

<p>I vaguely remember the day, my wife I were contacted by the VRS/QVC/MDC to join a draw to stand a chance to win a car. when we arrived we were quickly huddled with other unsuspecting folks that we were just walked into an ********* marketing ploy to have unsuspecting people sign ******* "lifetime" or "perpetual contracts" cascading you with dreams of fantastic holiday destinations.</p> <p>The CPA provides that the maximum period for a fixed-term agreement is 24 months. “Any contract longer than two years has to be proved to be to the financial benefit of the consumer, or a court will not enforce such a longer period. The onus is on the holiday club to prove this benefit to the consumer.”</p> <p>The CPA also allows a consumer to cancel any fixed-term contract by giving the service provider 20 days’ notice in writing.</p> <p>Although the CPA allows for a reasonable cancellation fee to be charged, it goes on to state that the cancellation fee cannot be so high as to negate the right to cancel.</p> <p>MDC are offering to convert lifetime contracts to fixed-term contracts are most likely trying to preserve their membership, because they know it is likely that a court will agree with the NCC that their contracts are ********. “Given that such contracts are against public policy, they may well be void or voidable, and consumers who have entered into such contracts may even have a right to claim damages against the holiday club in question.”</p>