Might not be a member no more

[Chuck S]

Also, verify that they have your correct SS# and ran a credit report FOR that number...someone could have made a simple mistake and transposed numbers, but it seems thay should have caught it, if that happened. Would you know if they called your employer to verify your status? My first day back at work after our trip, my boss told me DVC called.

Other than some simple human error, there must be a "problem" with your credit...even if you pay your bills and have a good income, as others have said, you may not have enough "history" or if you have recently moved within in the US or are fairly new to this country it just may be you haven't been in place long enough for your credit reports to catch up with you. Isn't that the Golden Gate in your avatar, are you from the bay area?

 

[bavaria]

I took the 'up north' to mean Canada, and looking at your age reminded me of moving in my early twenties and establishing credit. Although I had been out in the world since age 17, I had a tough time getting credit at that age too. Unfair as it may seem, you may not have enough 'work years' under your belt yet.

I think that all of us would like to help, and can empathize, but we don't have enough information for your specific case. Nor are we asking for it - finances are extremely personal and you shouldn't have to share details.

Perhaps you may find help if someone has contacted you via email or a PM. Again, best wishes that it turns out for you.

 

[spiceycat]

It might be an age thing - but I don't think so.

You are what 22 years old right?

I am not sure what the problem is - but it is very important to get to the bottom now.

You need to fix it before it becomes a BIG problem.

Disney has sold to people in their twenties before.

are you a single male? lots of timeshares definitely discriminate against single males. Not single females just single males.

but I don't think Disney ever has?

 

[DisneylandGuy22]

Thanks to Everyone for their help and comments, I have left 2 messages today for my guide and I have left like 3 in total since I got back from California on the 13th of September. I have not herd a word from him since.

Yes im a Single Male from Canada and im 22.

It feels as though all the disney magic has been drained out of me and I dont even want to look at Disney anything again.

 

[TheRustyScupper]

1) Try offering 20% down. Usually this does it.
2) If you are rejected, they MUST refuind the deposit.

 

[bavaria]

Also remember that DVC is only licensed to sell in Ontario, not the rest of Canada. That may be why you are having some difficulty contacting your guide.

You can however request to speak to anyone there if your guide is out of town, etc.

I recently did some investigation for a German Dis member, and was told that she would need to put down 20% as she was from a foreign country. I can't comment on what Canadian DVC owners have experienced, but you may be facing higher downpayment for that reason.

 

[ClarabelleCow]

dont most timeshares state that you have to be 25??? If not, then there must be more to this, because something just doesn't make sense?

 

[LakeAriel]

There is no reason on Earth that a 22 year old needs to be soured because he cannot BUY into DVC right now. Most people can't, but still enjoy the magic of Disney. Get a copy of your report and start working on building a credit history in the US! Meanwhile enjoy your vacations!!!

 

[CharlesTD]

Thanks to Everyone for their help and comments, I have left 2 messages today for my guide and I have left like 3 in total since I got back from California on the 13th of September. I have not herd a word from him since.

Yes im a Single Male from Canada and im 22.

It feels as though all the disney magic has been drained out of me and I dont even want to look at Disney anything again.

My wife and I are also from Canada and we were financed through Disney in 01 and back then my credit was far from stellar. My student loans were in collections so when we applied for financing from Disney they wanted a not from the agency that there was a payment structure in place showing I was paying them off. I had it faxed to them and it was done. Disney then told us if we had of just applied in my DW's name it would have been no problem go figure. So even those with not so stellar ratings get financed I am living proof of that.

 

[LisaS]

You posted that the reason they turned you down was because you have "no credit". This can be a common problem for people in their early 20's. You can have a good job, a credit card that you pay off in full every month, never be late paying the rent, etc., but your financial history is just too short for someone to feel certain that you are a low financial risk. If you've paid all your bills in full and on time for the past 12 months, that's great, but maybe they want to see that you have paid them for the last 18 months or even 24 months. And if your highest credit card bill was say $500, even if you paid it off in full, that might not be enough to convince Disney to lend you $12,000.

As bavaria points out, this problem also occurs when people move to the US from another country. My DH is from the UK and he moved here at age 36. He had a great job and money in the bank but no credit history. The only credit card he could get was a Sears card. He couldn't even get a telephone without paying a big deposit to the phone company.

It's frustrating when you know you are financially responsible but you feel you are being viewed with suspicion. But you are asking someone to lend you a lot of money and whether it's Disney or your bank or a car dealership, they have certain criteria you have to meet. It appears that Disney wants to see that you have a good credit record that extends over a certain number of months.

Find out specifically what they require and then you'll know what you need to do. Maybe you will need to continue to maintain a good credit history for another 6 months before they will consider lending you the money. Maybe you can work around this by making a larger down payment so that you are financing a smaller amount of money. Don't give up until you know what your options are. But be prepared that at 22 years old, you just may not have a long enough credit history yet and may need to reapply in a few months.

Good luck!

 

[DisneylandGuy22]

Thanks once again to everyone for their thouhts and concers towards this issue. Im not going to give upwithout a fight on my end. To clarify I dont live in the US and cant get credit in the states and also I just read my agreement and they are allowed to sell to canadians.

So Im not sure whats going on right now. And also yes I do have credit, but what she said I didnt have credit when I do. Ive been paying bills since I was 18 and have had a credit card for quite awhile now.

Im going to look into this more and figure out whats going on. I have spent quite alot of money with Disney in the last year to be treated like this.

Thanks

 

[mickeyfan2]

A lot of what is being said doesn't make a lot of sense. If they turn you down for credit, they can't keep your deposit. There has to be a lot more to this story.

This is what I am thinking too.

 

[Wendy1953]

Just remember when you are speaking to the disney representative that it is not them personally that are turning you down, it's the company. YOu get more bees with honey than you do with vinegar. At 22 years of age, you may not have as substantial credit rating as you think, or as others have implied, stolen identity is a big thing now, if I were you I would check your credit ratings with at least two sources, and I hope for your sake someone is not stealing your identity. However, you will not loose your deposit as others have stated, if they turn you down they must return it. If Disney was that magical to you, make sure you give them the benefit of the doubt and check into your credit rating, and also check that they have all of your personal information correct.
Good Luck and hope you can be Welcomed Home soon!

 

[LakeAriel]

The money you spent in Disney is for your vacation and pleasure, Disney owes you no special privileges other then giving you what you paid for. You say in your signature you are staying on site for the first time but claim to spent $14,000 in Disney in 14 months. You bought into DVC without ever going to Disney World too. You also said you can't get credit here. Well...There are a lot of inconsistancies here.
You also said in your original post that Disney is denying you your vacations for the next 50 years. I know you are young but that is absurd! You can vacation like a King and never own DVC!

 

[GoofyBanker]

Look folks, the reason disneyland guy was declined must have been due to very limited credit. he stated he only had one credit card and he pays that off monthly. the bank or disney financing simply does not have enough to go on. Many times the best credit risks are homeowners who have stable, long history of employment, good credit and downpayments. Having one credit card with no history of maintaining a balance is not enough. Even carrying a balance for several months probably would not be enough. Young people today need to borrow with a parent or other qualified co-buyer but in all probability the disney finance people are looking at a 22 year old with very limited credit, probably not many years at the same job, income may not be a the level they feel is acceptable to make this kind of purchase. It's not wrong on their part, they are simply managing their risk and as aggressive as they may be, we don't know the whole situation. But Disneyland guy, don't get down on the magic.....keep working on it, you sound like a nice guy....keep a good attitude and it will work out for the best!

 

[byoung]

Take out a loan from a local Bank etc. and pay cash for your DVC.

 

[LilMamiBella]

Well, in my case we qualified even though we have no credit cards and just some credit.

 

[Dean]

dont most timeshares state that you have to be 25??? If not, then there must be more to this, because something just doesn't make sense?

Many require you to be 25 to stay, others have different requirements. This requirement would not apply to buying but I don't know what they'd do if one bought and was less than 25. DVC doesn't have a minimum age requirement for stays other than legal age and I suspect the same is true for purchases.

 

[CarolA]

I just called them back and told them whats going on, I have never been in the red before and my credit isnt bad at all, its actually almost the best you can get. I pay bills like everyone else plus I have a credit card that has been paid off every month in full. I have a stable job that could pay off the timeshare in less than 2 years in full. My Contract is for for less than 10 years and anyways Id have it paid off in like 2 years or less.

It seems they dont want to help me become a member but rather chase me away and give me excuses. I have spent in the last 14 months probably $10,000 in disney vacations out of my own money.

I dunno what to do right now.

Anyone know an e-mail address so I can voice my oppinion to disney

Thanks

Sorry, I don't buy this.. If your credit is "the best you can get" it would have been appproved. I have read enough on these boards to know Disney approves almost anyone including lots of folks who probably never should have bought there. One question might be to your credit card company... Do they report to a credit rating agency your payment history?

I don't think we are getting the full story here.

Disney would not keep the deposit so that's another issue.

The one thing I can think of is there may be specific "regulations" in their Canada license they require you to be 25 . In that case all you can do is wait, they can't bend the laws for you regardless of how much money you spend.

(Personally, I think $10,000 is way to much Disney and I love the place!)

 

[3kidz4dis]

There is one other thing that no one else mentioned that may make your credit not as good as you thought. You said that you pay your credit card off every month. This is actually the wrong thing to do. You have to prove that you can carry a balance responsibly to gain credit. Charge something up to 20% of your credit limit. Then for a couple of months pay the minimum payment or a bit more, but don't pay off the balance. Then, pay off the balance. Keep doing this and your credit ranking will rise. I know that this is playing with the numbers but it's the way that this works.

I don't believe this to be true. I have a background as a bank branch manager and am familiar with FICO credit scores. Personally, I have never paid 1 cent in interest in my entire life, have probably 8 credit cards which I use and pay off every month and have a 825 credit score.

The person who orginally mentioned paying rent. Not being a homeowner, or not having a mortgage could have been another decision in their decision along with other reasons. I personally would never finance a vacation, if I didn't have cash to pay for it, I would question the need for it at that time.