by JT » 14 Aug 2010 05:41
You are correct Bonnie but I didn't mean to sound condescending and I said it purposely just to make people aware of how many UK bonded agencies are going under, definitely not to gloat as every time an agency goes it hurts us all whether we have booked through them or we are another agency trying to make money.
of course it affects people confidence in anything and I could be wrong but the Atol and Abta agencies in the UK I thought were set up to regulate companies to monitor them.
They give out bonds that are supposed to cover these companies in case they go under but I am sure that I read somewhere that the latest company to go under had a bond for 300K but had pushed to 500K and I thought that this is what they were there to govern .
As I said previously I do not know the ins and outs of it all and I am just expressing my own opinions as I too buy for my family when we holiday, though it is usually flight then accommodation so somehow feel safer doing it this way as I am relying on my own judgement and not a governing bodies.
People in all walks of life have been talking about certain companies for years saying how they are still trading and one company was reported to have taken lots of money in, in July in payments and even took bookings and payments up to its collapse at 5pm on that day yet the governing bodies say that they didn't see the collapse coming.
Come on there must be something wrong somewhere and all it does is make people lose confidence in booking anything.
So to sum up what my last sentence meant to me ( I am a UK consumer the same as everyone else) if we all pay a bond when we book our holidays then why isnt it regulated properly.
Sorry if I have rattled on a bit but its just my thoughts and nothing to do with our agency.