How tuff is Disney's credit requirements?

[goofydad621]

My wife and I are buying into the vacation club and our dredit is good now, we waited until we brought up the scores after 4 lay offs in 5 years. Now I am wondering if we should have just tried it earlier before the points went up in price, anybody here ever been denied by Disney for purchasing into the DVC for credit reasons?

Just how tuff are they

Just wondering Thanks dave Goofydad Dionne

 

[gppnj]

The consensus is that Disney is not very tough in its credit requirements, mainly because the loan is secured by the points. If an applicant's credit is questionable, Disney might request that the applicant put down more money.

 

[ducklite]

They will finance even recent bankruptcies, but have been known to ask for up to 50% down, and offered a higer interest rate.

Anne

 

[goofydad621]

Well it looks like we should have done this a couple of years ago instead but really no harm done.

Thanks again everybody

Dave Dionne