So now they messed up our plans for next April.

[buzzrelly]

I was just reading through the email from DVC stating the people with April and June Use Years will not be losing their points. I am happy for them, but now because they are limiting the borrowing of points for the next year, I won’t be able to make the reservation I was going to for April. I have 260 points and was planning on borrowing 173 for our Spring Break trip. As I understand it, I will only be allowed to borrow 130??

With all the talk of how they would fix this, I never dreamed THIS would be their solution. It totally sucks.


Anyone else is this predicament? Ugh.

 

[Sandisw]

I am sorry, There has been a lot of talk about the suspension of banking and borrowing because we know they have that power, but never thought about it being a 50% limit,

I am not exactly in that situation, but am in some borrowing mode already with some of my contracts so it’s going to be tough to maybe upgrade room size if others join my winter trips.

 

[Ms.Minnie]

I'm sorry this isn't working out in your favor. I guess no matter what they do someone is going to be unhappy and have to pay the "price". Not sure what else can be said. I wish this wasn't happening, who would have thought it would a few months ago. I guess we have to take it one day at a time.

 

[SL6827]

Ya, that does mess your plans up. I had no idea they could do this. I really realized here lately that there is so much more about DVC that I have/had no clue about. And I really only thought the reason for the resorts to ever close would be from hurricane damage or such.

 

[MickeyWaffles]

With all the talk of how they would fix this, I never dreamed THIS would be their solution. It totally sucks.


Anyone else is this predicament? Ugh.

We borrow points often. I actually thought they may totally suspend borrowing, so I think 50% is actually a pretty fair solution to solve the problem. Something had to give during this unprecedented situation. It is sure a bummer for anyone’s plans it disrupts, but I do think it is reasonable to correct & balance the points situation.

 

[alady89]

I agree, we had to rebook our April Hawaii vacation and I had been waiting to rebook, now i have lost access to over 100 points. So this forces us to split time, first part in studio before moving to 1 BR Ocean View. I really think all it's done is push demand for studios to be high.

 

[NoTime42]

Way back,(1996?) banking rules were different (you couldn’t bank 100% of points at 8 months, as it was a graduated scale of months and % that could be banked.

Now they changed the rules on the borrowing side.
It will also impact me next year, as I am also in perpetual borrowing.

 

[SL6827]

So you can't borrow but 50% of your points, but can you bank all 100% of them?

 

[Sandisw]

So you can't borrow but 50% of your points, but can you bank all 100% of them?

Correct. This change may only be short lived and will help reduce those points pulled forward in the next year...or two,

 

[The Prophet]

So you can't borrow but 50% of your points, but can you bank all 100% of them?

Two thoughts -- Many folks are not comfortable going to Disney regardless of any mitigation measures that are in place. This virus is deadly to the elderly and those with pre-existing conditions. Forcing them to go, or lose the points is not right.

Having folks bank their points lightens the load if the resorts open this year. Every day they are closed, more points go unused. Banking will push this years points into 2021.

 

[Yinn]

You still have options. You could always rent the needed points for 2020 and you can always rent out 2021 points to still get what you want.

Its not seamless but it’s an option. The alternative is much more painful.

 

[LAX]

Correct. This change may only be short lived and will help reduce those points pulled forward in the next year...or two,

That's my hope. If there is any permanent change to the existing banking and borrowing rules, that will push me towards the exit.

LAX

 

[Sandisw]

That's my hope. If there is any permanent change to the existing banking and borrowing rules, that will push me towards the exit.

LAX

I predict it will be in place for reservations through calendar year 2021.

Hopefully, I am wrong and it ends sooner!

 

[buzzrelly]

That's my hope. If there is any permanent change to the existing banking and borrowing rules, that will push me towards the exit.

LAX

I agree. One of the things I love about DVC is the flexibility to use my points how I see fit. And even then it takes a ton of planning to make it all work, as you all already know. This just adds another layer f planning and stress…and expense since now next year we will have to get a cash reservation for one night of our stay instead of using our points

 

[TeresaNJ]

I was just reading through the email from DVC stating the people with April and June Use Years will not be losing their points. I am happy for them, but now because they are limiting the borrowing of points for the next year, I won’t be able to make the reservation I was going to for April. I have 260 points and was planning on borrowing 173 for our Spring Break trip. As I understand it, I will only be allowed to borrow 130??

With all the talk of how they would fix this, I never dreamed THIS would be their solution. It totally sucks.


Anyone else is this predicament? Ugh.

Me. We had a big family trip planned for next April to celebrate our grandson's 7th birthday at WDW, which is all he's been talking about. We would have had to borrow all our points. Now we're poop out of luck. I'm quite angry, to say the least. I worked for the DVC as an ASA, advanced sales associate aka those blue shirt people at the resorts and parks. We were trained to promote the ability to bank and borrow, and to emphasis less points could be purchased, to make it more affordable, because you can bank and borrow.

 

[buzzrelly]

Me. We had a big family trip planned for next April to celebrate our grandson's 7th birthday at WDW, which is all he's been talking about. We would have had to borrow all our points. Now we're poop out of luck. I'm quite angry, to say the least. I worked for the DVC as an ASA, advanced sales associate aka those blue shirt people at the resorts and parks. We were trained to promote the ability to bank and borrow, and to emphasis less points could be purchased, to make it more affordable, because you can bank and borrow.

I'm so sorry. I feel like the rug has just been yanked out from under us.

 

[New Mouse]

Welcome to the world of sleazy timeshare sales. Unfortunately Disney is no different than the rest...theres just more public demand for the product.

The banking and borrowing is spelled out in your agreement, as is the ability to limit point use to home resort only, change booking windows, and many other things where if they were put in place, next to no one would buy.

Unfortunately the sales team generally does not bring this stuff up, they will just show you the magical graphic where you can combine 3 years of vacation points into 1 big vacation...intentionally leaving out all the details.

It is what it is. Im more concetned about the lack of inventory going forward as the extension of point expiration is not something the system was designed to withstand, nor is it legal imo.

 

[Turn the Page]

All of this craziness is hard on everybody and no one could have predicted a prolonged shut down of this nature. It is interesting for us because we are looking to buy in the next year and we are nm learning is and outs of the system we wouldn't otherwise learn.

I am genuinely curious what everyone thinks would be a good solution to this problem. Even if DVC allowed the April and June UY points to expire there is still going to be a glut of points on the market and availability will be tighter than normal for the next year or two. What should DVC do to mitigate the problem?

 

[Grumpy by Birth]

Welcome to the world of sleazy timeshare sales. Unfortunately Disney is no different than the rest...theres just more public demand for the product.

The banking and borrowing is spelled out in your agreement, as is the ability to limit point use to home resort only, change booking windows, and many other things where if they were put in place, next to no one would buy.

Unfortunately the sales team generally does not bring this stuff up, they will just show you the magical graphic where you can combine 3 years of vacation points into 1 big vacation...intentionally leaving out all the details.

It is what it is. Im more concetned about the lack of inventory going forward as the extension of point expiration is not something the system was designed to withstand, nor is it legal imo.

I don't know that I would characterize DVC as "no different" from other "sleazy" timeshares, but there are certainly some terms and conditions in the contract (e.g., banking, borrowing, home resort, etc.) that could be perceived as the "fine print."

 

[New Mouse]

All of this craziness is hard on everybody and no one could have predicted a prolonged shut down of this nature. It is interesting for us because we are looking to buy in the next year and we are nm learning is and outs of the system we wouldn't otherwise learn.

I am genuinely curious what everyone thinks would be a good solution to this problem. Even if DVC allowed the April and June UY points to expire there is still going to be a glut of points on the market and availability will be tighter than normal for the next year or two. What should DVC do to mitigate the problem?

Bite the bullet while general demand is low and open up the Disney Collection for bookings. It would be Disney eating the "costs" short term to protect the asset they have been trying to boost for years.

For example, any use years affected can book a regular disney resort at x points. Hard expiration, use it or lose it with a hard expiration of 1 year.