Paying A Loan

[heynowirv]

does anyone know if you have a loan with DVC if you can pay it off with Disney Gift cards?

 

[disneybaker]

Interesting question

 

[heynowirv]

We have about $1250. in Disney Gift cards and about $2000. in a loan to Disney.We were going to use the gift cards for a july trip but was thinking that paying off a 10.75% loan might make more sense.

 

[bakerworld]

absolutely - probably have to do it as individual transactions but all it's gonna be is time - or you can do it on your next visit at a member services kiosk.

 

[disneynutz]

absolutely - probably have to do it as individual transactions but all it's gonna be is time - or you can do it on your next visit at a member services kiosk.

I wouldn't think that the sales kiosks will accept payment. You will need to call Member Accounting.

Bill

 

[heynowirv]

My hope is that it's an acceptable form of payment ,and if it is I'll do like others have done with MF, fax the numbers to accounting.

 

[CarolMN]

My hope is that it's an acceptable form of payment ,and if it is I'll do like others have done with MF, fax the numbers to accounting.

Call the on Monday and see what they say. Good luck!

 

[heynowirv]

That's my plan Carol.
Thank You

 

[bumbershoot]

Logged into dvcmember. MyDVC>Loans. Clicked on Pay Toward Principal.

You may pay by a credit card or debit card with a VISA or MasterCard logo.

No GC option listed.

 

[heynowirv]

Heyyyyyyy Bumbershoot,
That puts a damper on my plans,but i'll call accounting tomorrow just to make sure.

 

[bakerworld]

I wouldn't think that the sales kiosks will accept payment. You will need to call Member Accounting.

Bill

didn't mean the sales kiosks but the member kiosks - there's one going into Epcot and at DTD

 

[WilsonFlyer]

didn't mean the sales kiosks but the member kiosks - there's one going into Epcot and at DTD

OK. I'm somewhat intrigued. I didn't know there was any such thing as a "member kiosk." I thought they were all sales kiosks.

Please elaborate.

 

[kristenrice]

Because we use our Target card to get 5% off our Disney gift cards, I use them to pay our annual dues. I asked if I could also apply a gift card towards our loan and the answer was no. If anyone has a different experience, I'd love to know. I could stock up on a few more gift cards

 

[heynowirv]

Kristen,
Look out for those gift cards during the holidays. Last 2 yrs. they gave you a 4th 50. Card free for every 3 you bought. Plus the 5% redcard.

 

[lodge]

THAT is awesome!!

 

[heynowirv]

I did speak to MS-accounting today. It is true that gift cards are NOT acceptable forms of payment for a loan. My plan is to use them for the rest of this years MF,and every ,month use that money to pay off our loan. We added on 61 points @ SSR in Jan 2009 and it WILL be paid off @ the end of this year.so in reality we'll be paying off a 10 yr loan in less than 5.