Paying A Loan

Discussion in 'DVC Member Services' started by heynowirv, Mar 24, 2013.

  1. heynowirv

    heynowirv DIS Veteran

    Joined:
    Dec 31, 2008
    Messages:
    1,044
    does anyone know if you have a loan with DVC if you can pay it off with Disney Gift cards?
     
  2. Avatar

    Google AdSense Guest Advertisement


    to hide this advert.
  3. disneybaker

    disneybaker Mouseketeer

    Joined:
    Aug 15, 2012
    Messages:
    79
    Interesting question
     
  4. heynowirv

    heynowirv DIS Veteran

    Joined:
    Dec 31, 2008
    Messages:
    1,044
    We have about $1250. in Disney Gift cards and about $2000. in a loan to Disney.We were going to use the gift cards for a july trip but was thinking that paying off a 10.75% loan might make more sense.
     
  5. bakerworld

    bakerworld DIS Veteran

    Joined:
    May 24, 2010
    Messages:
    764
    absolutely - probably have to do it as individual transactions but all it's gonna be is time - or you can do it on your next visit at a member services kiosk.
     
  6. disneynutz

    disneynutz DIS Veteran DIS Lifetime Sponsor

    Joined:
    Dec 11, 2006
    Messages:
    19,784
    I wouldn't think that the sales kiosks will accept payment. You will need to call Member Accounting.

    :earsboy: Bill
     
  7. heynowirv

    heynowirv DIS Veteran

    Joined:
    Dec 31, 2008
    Messages:
    1,044
    My hope is that it's an acceptable form of payment ,and if it is I'll do like others have done with MF, fax the numbers to accounting.
     
  8. CarolMN

    CarolMN DVC Co-Moderator Moderator

    Joined:
    Aug 18, 1999
    Messages:
    23,601
    Call the on Monday and see what they say. Good luck!
     
  9. heynowirv

    heynowirv DIS Veteran

    Joined:
    Dec 31, 2008
    Messages:
    1,044
    That's my plan Carol.
    Thank You
     
  10. bumbershoot

    bumbershoot DIS Veteran

    Joined:
    Mar 5, 2007
    Messages:
    49,384
    Logged into dvcmember. MyDVC>Loans. Clicked on Pay Toward Principal.


    No GC option listed.
     
  11. heynowirv

    heynowirv DIS Veteran

    Joined:
    Dec 31, 2008
    Messages:
    1,044
    Heyyyyyyy Bumbershoot,
    That puts a damper on my plans,but i'll call accounting tomorrow just to make sure.
     
  12. bakerworld

    bakerworld DIS Veteran

    Joined:
    May 24, 2010
    Messages:
    764
    didn't mean the sales kiosks but the member kiosks - there's one going into Epcot and at DTD
     
  13. WilsonFlyer

    WilsonFlyer <a href="http://www.wdwinfo.com/dis-sponsor/" targ

    Joined:
    Apr 24, 2008
    Messages:
    3,672
    OK. I'm somewhat intrigued. I didn't know there was any such thing as a "member kiosk." I thought they were all sales kiosks.

    Please elaborate.
     
  14. kristenrice

    kristenrice NOT just an ambulance driver

    Joined:
    Apr 25, 2006
    Messages:
    4,099
    Because we use our Target card to get 5% off our Disney gift cards, I use them to pay our annual dues. I asked if I could also apply a gift card towards our loan and the answer was no. If anyone has a different experience, I'd love to know. I could stock up on a few more gift cards:)
     
  15. heynowirv

    heynowirv DIS Veteran

    Joined:
    Dec 31, 2008
    Messages:
    1,044
    Kristen,
    Look out for those gift cards during the holidays. Last 2 yrs. they gave you a 4th 50. Card free for every 3 you bought. Plus the 5% redcard.
     
  16. lodge

    lodge DIS Veteran

    Joined:
    Dec 8, 2012
    Messages:
    861
    THAT is awesome!!
     
  17. heynowirv

    heynowirv DIS Veteran

    Joined:
    Dec 31, 2008
    Messages:
    1,044
    I did speak to MS-accounting today. It is true that gift cards are NOT acceptable forms of payment for a loan. My plan is to use them for the rest of this years MF,and every ,month use that money to pay off our loan. We added on 61 points @ SSR in Jan 2009 and it WILL be paid off @ the end of this year.so in reality we'll be paying off a 10 yr loan in less than 5.:cool1:
     

Share This Page