Suspension of banking/borrowing: Another anxiety thread

[OneMoreTry]

Has anyone ever been told that banking/borrowing has been suspended?

The member guide tells us that DVC reserves the right to do this.

 

[spiceycat]

No!

it also says that until the time when there was more banking than actually staying at the DVC resorts - now that is not likely to happen....

 

[nuthut]

Allright, another thing to worry about. I guess I will sell my DVC and buy into Sunterra!

 

[WDWMom]

I'm going back to the cooking, crafting, and scrapping board now. They are much happier people.

 

[HookdonWDW]

 

[dianeschlicht]

Some folks just MUST have SOMETHING to worry about. I am a glass half full type of person. This one is stretching it a bit.

 

[OneMoreTry]

I wasn't worried! I just wondered if it has ever happened.

Lighten up.

Ahem.

 

[MikeSquared]

That clause will be needed near the end of our contracts, I'm not going to worry about it untill around 2040.

 

[Maistre Gracey]

Personally, I don't find anything wrong with OneMoreTry asking this question. In fact, for someone new to DVC, I think it is a very good question.

I have only been a member for a couple of years, but I have not heard of banking or borrowing being suspended.

MG

 

[gmboy95]

would it have been better if it where phrased like this...."Ilove DVC....can banking be suspended???.....oh and did i mention I love DVC...pixie dust.....pixie dust".

C'mon people it is discussion board, no need to belittle.

 

[pumpkinboy]

DVC on Mars! DVC on Mars!

The Sky is falling!

 

[rtrescavage]

As long as I have been a member, my banking/borrowing access have never been suspended.

Good question...I also wonder if it has ever been enacted during DVC's history.

 

[drusba]

It has never been done. They won't do it without good reason -- something causes most everyone to start banking and borrowing into one year. Example where you could possibly see the two suspended: several years ago it looked possible that Orlando could be in the running for the 2008 Olympics; if something like that occurred you could possibly see a suspension of banking and borrowing.

 

[Beth]

In the history of DVC, there was probably never a time of more "excessive borrowing" than in 1999, when OKW owners were told that reservations booked with points borrowed from their 2000 use-year would be include the "park pass benefit" that was due to expire on 12/31/99.

Even during that time, the system was able to run smoothly...

Except for the end of the contract - as others have mentioned - I can't think of a scenario that would cause them to suspend banking/borrowing...