sold back my points but can i borrow

[Charleneluvsdisney]

I had just purchased my points at vero when i was there in march.
we just got the info that we had be cleared for the finaincing but havent received anything back or paid our 1st payment yet. This will be in june. Well guess what we have the FEVER ! We sold back our points for 2003 and our use year is october so making a long story short can we borrow from 2003 and and go for the 4th of July ?

 

[HookdonWDW]

Call your guide, and find out when your closing date is. Technically, you can't borrow until after closing. With that said, your guide may be able to get you an exception to policy so that you can borrow the points now. Good luck!

 

[RobDoc]

WELCOME HOME!!

I'll assume you actually sold back your October, 2002 points for Magical Beginnings. You can now borrow your October 2003 points for a reservation prior to October 1 and can use the October 2003 points to make a reservation for any dates between Oct 1, 2003 and Sep 30, 2004 (subject to the 11 month/7 month priority).

Enjoy!

 

[HookdonWDW]

Oh.... and

Welcome Home!

 

[disneyberry]

Originally posted by HookdonWDW
Technically, you can't borrow until after closing.

actually, this restriction was just lifted in March.
you no longer have to be closed on your contract in order to borrow or bank points.
definitely call to ask your guide, Charlene. congrats on your purchase.