financing question

[dalt01]

has anyone been turned down by disney "in house" financing? my rep. was very vague over the phone, said not to worry. thats why they do it themselves so they can do people conventional financing would not. i suppose im worried about nothing, im the type that sweats it out every time a store swipes my credit card.

 

[ericamanda01]

DH and financed through disney and we have been cleaning up our credit, nothing major. But yes we too were a little worried. I talked to alot of people here and got alot of different opitions about the subject of financing and really there were some people with perfect credit and some with bankruptcy and everyone was financed. Disney really can't lose, if you don't pay they just cut off your points allotments. I hope this helps.

 

[JimC]

I have not heard here of folks having difficulty. As a practical matter, Disney controls what you are buying. It is easy for them to prevent you from using it if you do not pay, and they can repossess and resell it to someone else without much difficulty. So their risk is minimal and they are getting a fabulous rate of return on their capital while you pay off the loan.

 

[TammyAlphabet]

When credit is spotted, they usually ask for a 30 percent or greater downpayment. Other than that, I have only seen one or maybe two reports of people being turned down. Out of the many many many people on these boards, that is a good omen. HTH!