They still have to use auctions. Nothing has changed with how DVC resorts are owned in the last five years (except for CFW). However, even with CFW, I understand the points being sold are still deeded, but they are deeded as points or interests instead of a fraction of a specific unit.
Yeah, I was just going to jump in to say that Wyndham sometimes "realigns" use years during a resale purchase to January, but even in that instance if OP has an offer in today I'd say they're well north of 99 percent to get the points prior to June of next year. Wyndham is slow, but it's not that slow. I'd guess that if Op has a contract closing & deed recording by the end of November they see points in their account sometime in April, with a slight chance of late March.
People get worked up because the credit score is used for so many things like where you could rent, various hiring decisions, and classified background checks etc... Not just the higher borrowing rates (or even ability to get credit)...
Agreed. Credit score matters for many things outside of the ability to obtain loans and preferential borrowing rates, including many jobs that now check credit (it's a risk to hire someone with bad credit especially in certain verticals like finance for example - but credit checks are increasingly included as part of a hiring decision across various industries outside of finance that would surprise many). For younger folks, credit is often critical since they do not have any ability to pay for large purchases in cash - like homes, cars, furniture, electronics, etc. People who are older may not care as much about credit because they are in a different stage of life, and don't have to figure out how to fund certain purchases because they have the capital to do so without leveraging loans/credit, or have already obtained certain assets at prices much lower than what those assets demand today as a percentage of income.
Perhaps, but it doesn't take very long for your credit to repair itself with good credit practices. Someone with a growing family could just delay purchasing a home for a few years. They could save up for a larger down payment, then credit score is of lower importance. There are also ways to rent without anyone checking your credit. There are ways to mitigate the issue while they work through rebuilding their credit score.
I would never tell someone how to spend their money....and I'm a firm believer that everyone needs vacations for family/wellness.....but you are 100% correct about financing a timeshare. I see it on the Disney forums all the time--people taking out $40k loans for DVC. But then again, if it makes them happy, who am I to tell them otherwise......