Credit Score

[famsen]

Oh yeah, one more thing that lowers our score; we went car shopping and visited a few different dealers. Each one pulled our credit report and when we were done shopping, our score was lowered by 30 points.
Why inquiries are held against you in your credit score is beyond belief.

 

[WelovMickey!]

Well we left our info for our guide last night. He said he would work on it today. So I just have to wait and see...hoping for lots of

 

[jlewisinsyr]

Oh yeah, one more thing that lowers our score; we went car shopping and visited a few different dealers. Each one pulled our credit report and when we were done shopping, our score was lowered by 30 points.
Why inquiries are held against you in your credit score is beyond belief.

This shouldn't happen if the events are within 30 days of the first hit, they should be counted as just one event.

 

[Malaguti Ball Clan]

Well we left our info for our guide last night. He said he would work on it today. So I just have to wait and see...hoping for lots of

We are wishing you luck and pixie dust

 

[momma of 2]

700 and above for best rate according to our guide----

 

[WelovMickey!]

We are home! Thanks guys for all your help

 

[Sandisw]

We are home! Thanks guys for all your help

Congratulations!!!!! I am sure you are so excited and will enjoy your new purchase!!!!

 

[Malaguti Ball Clan]

We are home! Thanks guys for all your help

 

[Moeluv4u7]

Congrats to you all Welov Mickey!! Welcome Home!

& Famson, jlewisinsyr is correct in their statement- if you all were car shopping within the same 30 day period it should have not affected your score each time they looked at your credit (although, I will also say, unless you were SOLD on the vehicle, you shouldn't let your report continue to be pulled) - I work in this industry and our customers ask quite often concerning their financing... worried that the score may now have fallen below the "radar" for a decent rate, etc- I will not allow their report to be pulled unless they are SOLD on the vehicle- There is no reason to let someone see your score if the vehicle is not what you want- and if it is the negotiating process... ask that the dealership average be used in showing payment scenarios- you can deduce by your own knowledge of your credit if it's better than average then payment can be lower and if your lower than average then your payment can be higher... this will be dependant on the financing source as well- and if you are financing 90% of the vehicle's value or less but your score isn't top notch you can still qualify for a lower rate just because you are showing the bank that you are willing to put forth risk to get the loan... (and that 90% of value can be because you are trading in a vehicle with equity, rebates, or downpayment-Downpayment weighs a lot with banks, especially right now)
Okay, not to take over the post on autofinancing but it goes to score differences... sorry I got long winded...

 

[Jacky]

As a current good standing DVC member, they will finance you at preferred and I think no matter what. My credit score is not so good and they gave me the preferred rate since I was already in DVC and in good standing.

Welcome HOme!!

Jacky

 

[TSM1993]

As a current good standing DVC member, they will finance you at preferred and I think no matter what. My credit score is not so good and they gave me the preferred rate since I was already in DVC and in good standing.

Welcome HOme!!

Jacky

Nope I got Standard Financing

 

[arthur06]

What is the standard rate percentage? and what is the preferred rate percentage?

 

[Sandisw]

What is the standard rate percentage? and what is the preferred rate percentage?

I know that the preferred rate is 10.75%, providing you do direct debit from your checking account (without it, it is 11.75%).

I am not positive on the standard rate, but I thought I heard it as 14.75%.

Hope this helps!!!

 

[YourEveryDayAdam]

I know that the preferred rate is 10.75%, providing you do direct debit from your checking account (without it, it is 11.75%).

I am not positive on the standard rate, but I thought I heard it as 14.75%.

Hope this helps!!!

The standard rate is 15.25% with a reduction to 14.25% if paying by automagic debit.

 

[WelovMickey!]

As a current good standing DVC member, they will finance you at preferred and I think no matter what. My credit score is not so good and they gave me the preferred rate since I was already in DVC and in good standing.

Welcome HOme!!

Jacky

That is good to know

 

[brandip22]

Wow, that rate is high. Makes my 9.75% I did at standard three years ago look great. Looks like I'll just need to save cash for our add-on next year!

 

[TyGuy]

Our guide yesterday said that your score doesn't come up on their computer... They just enter the information and it comes back either standard or prefered.

 

[pickles]

buy a small resale..pay cash. then once a member you can finance a add on thru disney with their lower interest rate

I just did that ..bought 50pts cash in sept 08 and just added on this year at akv..financed it.
I had terrible credit from failings in 2001/02 (thanks airplane terrorists)
When I first applied prior to buying OKW they wanted a huge downpayment. rather than use my cash for that I just bought outright. then got a good add on deal, no closing fees.

So, far I am happy with how I did things. Only you know what you can or can;t afford. Disney has nothing to lose in this case. not ike buying a car and ruining its value while driving it. DVC will hold value for Disney

 

[arthur06]

What if I bought a small 25 point contract and paid cash. Then added on 50 points at a time. If I sold my 25 point original contract, is that considered my master contract I am selling?

 

[Sandisw]

What if I bought a small 25 point contract and paid cash. Then added on 50 points at a time. If I sold my 25 point original contract, is that considered my master contract I am selling?

When you add on, they just add to the original contract #. Ie: If your first contract was XXXX.0, the add ons would be XXXX.1, XXXX.2, etc.

If you sell XXXX.0, then your first contract would just be XXXX.1 and the add ons would just keep going from there.

HTH!