financing question--online outlets

daisyx3

DIS Veteran
Joined
Dec 30, 2009
we need a small amount for our resale purchase, but I just can't get to the credit union when my banker is there between her schedule and mine. There are two online outlets mentioned at the resale site--Monera and Vacation Club Loans. (there is a 3rd but they have a monthly service fee) Of those two, any experience or feedback is appreciated.
 

€lairebear

Earning My Ears
Joined
Sep 12, 2019
You are not subject to those if you take on a personal loan depending on your credit score you can get better rates as low as 5.99%. There’s also light stream or best egg... you should consider shopping around
 

Sandisw

Moderator
Moderator
Joined
Nov 15, 2008
I have used Lightstream for personal loans and to give me some money to bridge my resale purchases a few years back with another financial account.

Instant approval. I chose. 3 year terms..though paid off in 6 months
 
  • sethschroeder

    DIS Veteran
    Joined
    Feb 24, 2013
    I would stick with very well known companies like ones others have mentioned.

    You could also look at rates through your credit cards on personal loans.
     

    minorthr

    DIS Veteran
    Joined
    Jan 17, 2016
    I have used vacation club loans three times. They have been great to work with.
     

    striker1064

    DIS Veteran
    Joined
    Jan 17, 2018
    If you have very good credit, you will likely get a lower rate on Lightstream. They are a good, no-frills company, and you can go as short as 24 months.
     

    EYL

    Earning My Ears
    Joined
    Dec 24, 2018
    If you have very good credit, you will likely get a lower rate on Lightstream. They are a good, no-frills company, and you can go as short as 24 months.
    I want to second Lightstream. If you have good credit, it's the place to go. No fees, I was approved within 2 hours, funded the next day for a 3-year loan, and paid it off within 3 months. Was very easy to use to solve a cash flow issue. They are a subsidiary of SunTrust Bank, and is going through a merger at the moment. If you are using them, I would apply sooner rather than later, because approval criteria may change when the merger finally goes through.
     

    Spridell

    DIS Veteran
    Joined
    Jul 16, 2016
    I use (and many others on this board) Monera and they are great. Have never had any problems with them.

    They do not do a credit check (although they NOW have an option where they will do a credit check and you can get a better rate)

    Loan also DOES NOT go on your credit score. They deduct monthly from your bank account and no penalty to pay early.
     

    daisyx3

    DIS Veteran
    Joined
    Dec 30, 2009
    OK we are good, I did finally go to my own credit union and we were approved pretty quickly. Now as soon as we pass ROFR we will be ready to go!
     

    kim532

    DIS Veteran
    Joined
    Feb 22, 2000
    I am using Monera and had them do a credit check to get the lower rate. Everything super easy, great communication, and quick. SO far - no issues. Hoping to close by month end.
     

    Connect

    Disney News and Updates

    Get Daily Email Updates

    Subscribe to the DVCstore.com
    mailing list!

    BUY DVC


    SELL DVC


    DVC POINT CHARTS


    DIS PODCASTS

    Top