Financing

[Girlstar30]

I know financing is not the best way to go and dont need opinions on that, but we are considering financing and just wanted advice to see if it would be possible for us to do this. Is there a minimum credit requirement to finance direct or is it as easy to obtain as resale financing with Monera? Does anyone know the name of the financing company that Disney uses? Is there a prepayment penalty? Thank you.

 

[Sandisw]

Disney financing is all in house and have never heard of anyone being denied.

No prepayment penalty.

 

[davidhr]

DVC offers the financing themselves. they dont' report to credit bureaus. The requirement is to have a pulse. And that might be negotiable.

 

[Girlstar30]

Disney financing is all in house and have never heard of anyone being denied.

No prepayment penalty.

Thank you for your prompt responses!

 

[Girlstar30]

DVC offers the financing themselves. they dont' report to credit bureaus. The requirement is to have a pulse. And that might be negotiable.

Omg that is hilarious, good to know and a little scary how easy it is lol

 

[AstroBlasters]

I know financing is not the best way to go and dont need opinions on that, but we are considering financing and just wanted advice to see if it would be possible for us to do this. Is there a minimum credit requirement to finance direct or is it as easy to obtain as resale financing with Monera? Does anyone know the name of the financing company that Disney uses? Is there a prepayment penalty? Thank you.

No prepayment penalty

 

[davidhr]

Omg that is hilarious, good to know and a little scary how easy it is lol

lol I know. Being serious about it, they will approve anyone. Depending the credit score, they will offer lower/higher rates.

 

[gisele2]

Hi

 

[juliebee]

lol I know. Being serious about it, they will approve anyone. Depending the credit score, they will offer lower/higher rates.

I did see a person on Facebook that said that they were not approved by Disney financing, so there must be some criteria.

 

[Girlstar30]

Hi

Hi!

 

[Girlstar30]

I did see a person on Facebook that said that they were not approved by Disney financing, so there must be some criteria.

My credits not so bad I was just wondering if they wanted near perfect, but sad for that person

 

[atthebeachclub]

I did see a person on Facebook that said that they were not approved by Disney financing, so there must be some criteria.

This is quite surprising! I haven’t heard of any denials before.

 

[matt_in_nh]

I did see a person on Facebook that said that they were not approved by Disney financing, so there must be some criteria.

No pulse is my guess

 

[davidhr]

I did see a person on Facebook that said that they were not approved by Disney financing, so there must be some criteria.

Did they have a pulse?!

 

[davidhr]

My credits not so bad I was just wondering if they wanted near perfect, but sad for that person

Far from perfect is their requirement. It’s such a low risk transaction for them that they approve people who definitely shouldn’t be approved.

 

[sndral]

I did see a person on Facebook that said that they were not approved by Disney financing, so there must be some criteria.

Here’s what DVC states:

 

[Girlstar30]

Here’s what DVC states:
View attachment 935226

Hmm that sentence that says "you may still qualify for financing even if your situation doesn't match our assumptions" is giving me the "we finance anybody" vibes

 

[Steelers0854]

We just financed our purchase we did last month. It was very easy. Because we had been a member already for over a year we got the best rate, but given current mortgage rates they aren’t really that bad. They are a mortgage and thus you can pay down the principal via their website at any time and reduce your interest costs. Those additional payments can be done via credit card. If you setup autopay for the regular payments those have to be a bank ACH.

 

[HyperspaceMountainPilot]

Here’s what DVC states:
View attachment 935226

Whoa! 15% APR, for prime credit, on a set of points they can freeze immediately and remonetize quickly if they don't get paid, on top of 10% down... why isn't my DIS stock doing better? lol.

 

[Girlstar30]

We just financed our purchase we did last month. It was very easy. Because we had been a member already for over a year we got the best rate, but given current mortgage rates they aren’t really that bad. They are a mortgage and thus you can pay down the principal via their website at any time and reduce your interest costs. Those additional payments can be done via credit card. If you setup autopay for the regular payments those have to be a bank AC