so sad...had to cancel our membership

[Deb & Bill]

...Thank you everyone for your support. I just don't understand why people are so critical when people admit their faults here. Its okay though...I'll take what I can get as long as it makes my kids happy. Some people just don't have the resources as some of you might. So when GOD came around and gave everyone wealth and health HE must have ran out when he got to me...

and please...i am not asking for your sympathy or sarcastic remarks..but thats the truth for some people...

I hope you get back on your feet. You should really only consider DVC once all your finances are back in line and you have no problem covering all your expenses. Then DVC will still be waiting for you.

I agree with Sammie, just find someone to rent from in the mean time. You get most of the benefit of DVC without the long term commitment. You don't get DVC perks, but you get a great vacation for not a lot of cash.

 

[Maistre Gracey]

That's probably me that you are referring to
I'm not being critical, just being real. It's not enough to admit messing up (although that's the first step), unfortunately there's also some sort of penalty to pay. In your case that penalty is a larger down payment. That seems fair to me, but others may disagree.

who are you the credit police???sometimes ppl on the boards can get way to deep and judgemental...I hope you have a clean bill and have never mad one mistake in your life...dishing out that mess you had better be on your way to canonization...MOTHER THERESA


...at least though this thread is not as long as mine when I vented about the same issue...

No, I am not the credit police, and I didn't judge anyone. I simply said that a person with a bad credit history should expect to pay more.
If Members with good credit are in the same pool as Members with a bad credit history, their rates would increase and that wouldn't be fair to them.

I did not personally attack you or the OP. I'm not sure why you are attacking me..??

 

[JimMIA]

At the risk of getting back ON topic...

I'd suggest you investigate the resale marketplace more carefully. Disney financing has gotten pretty expensive anyway because of their credit losses, so there might not be such a huge difference financing resale. (I don't know...just suggesting that you look around.)

You should save a bunch purchasing resale - possibly as much as DVC was requesting in additional down payment.

Just put aside the disappointment and investigate ALL options with an open mind...including the option that maybe this is just not the time for DVC.

Tomorrow is another day, and it's not like you only get one chance.

 

[FindTheMickeys]

My grandma always said that everything happens for a reason... So rest easy that everything will turn out alright. Your DVC will be waiting if/when you decide the time is right. No one but God can judge so hold your head up, smile and be proud that you stepped up to the plate and took care of things... With today's economy it would have been really easy to file bankruptcy... God bless you!!

 

[donutz022]

i certainly am not blaming the op for having a bad credit rating. After all, hard times can fall on anyone here.
My point is that we all need to have some personal responsibility. If a bad credit risk wants to purchase a luxury item on credit, they must expect some worse credit terms than those with good credit.

Certainly nothing against the op.

Mg

you know what i love here as you and others on this board deem dvc as a luxury item. Well in my opinion its not its a timeshare really thats all it is. Luxury item is a yacht,sailboat, expensive sports car. Dvc= timeshare, when you bought into it did you pay a luxury tax no. But you probably paid cash for it since you are so responsible credit wise and you did not have to finance your luxury item. Get off your high horse you own a timeshare at disney not the north coast of barbados. Which in fact gives you no right to comment on people credit problems. The op was not looking for any constructive or non constructive critism all the op was looking for was a place to vent there frustration on not being able to go on there family trip as planned. So live in your little fantasy world of how you have an luxury item when all it comes down to is a timeshare which a person who vacation regulary once a year can afford if they wanted.
I rarely post on these boards but posts like maistre gracie makes me want to sell my dvc membership cause i feel like i bought into some elitest club where only people who dont have to finance are fiscallly responsible to own a piece of disney oops im sorry a timeshare at disney.

 

[crisi]

I guess that depends on your definition of luxury. I think that pretty much any vacation is a luxury item. So a timeshare that commits you to vacations is definately a luxury item.

A roof over your head, a car that runs, a 20 lb bag of rice an a 10 lb bag of beans - those are not luxury items. After that, its all luxury, it just depends on how much luxury.

Sometimes its difficult to tell the difference between a want and a need. If you want it, but don't need it, its a luxury. Vacations are not, despite rumors to the contrary around here, necessary for anyone's survival.

 

[Maistre Gracey]

you know what i love here as you and others on this board deem dvc as a luxury item. Well in my opinion its not its a timeshare really thats all it is. Luxury item is a yacht,sailboat, expensive sports car. Dvc= timeshare, when you bought into it did you pay a luxury tax no. But you probably paid cash for it since you are so responsible credit wise and you did not have to finance your luxury item. Get off your high horse you own a timeshare at disney not the north coast of barbados. Which in fact gives you no right to comment on people credit problems. The op was not looking for any constructive or non constructive critism all the op was looking for was a place to vent there frustration on not being able to go on there family trip as planned. So live in your little fantasy world of how you have an luxury item when all it comes down to is a timeshare which a person who vacation regulary once a year can afford if they wanted.
I rarely post on these boards but posts like maistre gracie makes me want to sell my dvc membership cause i feel like i bought into some elitest club where only people who dont have to finance are fiscallly responsible to own a piece of disney oops im sorry a timeshare at disney.

And all I am saying is that it is not an unreasonable request to ask for a larger down payment from somebody with a poor credit history.
I'm sorry you see that as elitist. And yes, in my opinion staying every year in a deluxe villa at WDW is a luxury.

As far as getting off my high horse..
I have stated my opinions, and you have stated yours. I respect your opinion, although don't agree with it. That's all I ask in return.
I attacked nobody, and as I said throughout my comments I feel bad for the OP and hard times can indeed fall on anyone here.

MG

 

[arthur06]

you know what i love here as you and others on this board deem dvc as a luxury item. Well in my opinion its not its a timeshare really thats all it is. Luxury item is a yacht,sailboat, expensive sports car. Dvc= timeshare, when you bought into it did you pay a luxury tax no. But you probably paid cash for it since you are so responsible credit wise and you did not have to finance your luxury item. Get off your high horse you own a timeshare at disney not the north coast of barbados. Which in fact gives you no right to comment on people credit problems. The op was not looking for any constructive or non constructive critism all the op was looking for was a place to vent there frustration on not being able to go on there family trip as planned. So live in your little fantasy world of how you have an luxury item when all it comes down to is a timeshare which a person who vacation regulary once a year can afford if they wanted.
I rarely post on these boards but posts like maistre gracie makes me want to sell my dvc membership cause i feel like i bought into some elitest club where only people who dont have to finance are fiscallly responsible to own a piece of disney oops im sorry a timeshare at disney.

I guess this topic is getting off topic, and at the risk of getting myself flamed by many people, I am on the side of Maistre Gracie! All he was saying was that a person with credit issues should expect to pay more then those without!

Its like the old saying "would you rather be treated equal or fair". Disney is treating people "fair". Those with good credit get a better rate and/or have to put less down then those without!

And in my experience, if you purchase a resale, then add on thru Disney, you get the preferred rate and standard down payment, because your account is considered in good standing.

 

[Goofy DVC]

I got in a "spirited" discussion with a financial planner when he asked me to list my wants and needs. I put "car" down as a need. He informed me that it was a want. I guess each person looks at wants, needs, and luxury items differently. By the way, I completely disagreed with the "experts" opinion that a car is a want.Sorry to get off topic. I couldn't resist.

 

[itsreally4mommy]

With an hour commute to work, (w/no alternative transit available) I'd hardly call a car a want, LOL!

OP- I can understand your disappointment. I would see this as a fortunate intervention. All the research has helped you become more informed and know just how much you want this. The time is giving you a chance to go beyond the emotional moment of it all and see if it is something you want for a long time. Also, it gives you a chance to stop, breathe, and take note of alternatives to buying direct. IMO, financing isn't a great idea for things like this. And if you're recently recovering from financial difficulties really isn't a good idea. I say take this time to save up and pay cash for a resale. And just because you don't own, doesn't mean you can't dream and be a part of these groups. They haven't kicked me out yet

Good Luck & Pixie Dust

 

[Lil' Grumpy]

so sorry your deal fell thru. the difference from wanting & needing
can be so small when there's so many expectations. if it still means
so much, let no one discourage this dream. keep moving forward,
because to go thru more obstacles will only make the final
outcome all the sweetier. ps, one doesn't need the majority to
approve, just a few "loved ones" who will accept you for being you.
mistakes & all. [ i know there no one on god's green earth that
i would want to have share my time with than my lil' saloon girl,
..( one of my call -handle for her. )

i know this from life experiences. me & my lil'cutie pie, started out
@ the very begining. today , we can have whatever we want.
still, i missed those days when our whole apartment was no bigger
then our current living room. they have really special meanings
& contained some of my all~time memories.


please remember, the future is not written and you are not limited
from past mistakes. don't let any one to tell you any different!


let's see? in the middle 80's to make ends meet, i was a naval officer
& was assigned to penscola air station for 2 weeks. well we're in fla.,
"lets go to disney!", not realizing it was over 500 miles away.

then when got @ the end of main street, we got stuck. boy was i mad.
next thing i knew....we were surrounded by characters. of course,
our oldest had to have one of those stupid, davy c. 's rifles. &
you know who had to carry it? our "baby" was in diapers. we
were inside the park when my wife mentioned she had forgotten
our diaper bag. { we were to young to know there were a diaper
station.} so guess who was running around the magic kingdom ,
butt naked? well it was after dark, . thanks goodness, they
had those bears..long tee shirts. boy! did we take tons of pictures-
i/2 of a 24 roll. autograph books. never heard of them. we used
our disney guide for the characters to signed.

we stayed off site, for $20. it is some of those pictures we keep in
our safety box.

i happened to think, it 's in one's best interest to ask, "what does it
really it takes to be happy in life?" once one discovers that lil' secret
than having dreams come true is just a matter of time.

good luck on your future endeavors toward finding your very
own.... !

 

[DisneyTravelers2008]

Im sorry it did not work out...maybe in the future it will...and the good news is that you will be well prepared with all your research and info when that day comes.

 

[Nancy]

Sorry it didn't work out for you right now. I get what is being said about having to put more down due to credit issues...but that is not really what the OP was about..it was the fact that they were not told that up front, thought everything was good to go with the deposit money they did have ready to put down. I can see where it would be very upsetting to find out differently.

It took me 2 years from when I took my first DVC tour till we purchased. I would have been willing to finance...I am not one who sees financing as the devil. If that is what it took, then so be it. It took me 2 years to convince DH to buy. We ended up with resale and it worked out perfect...so sometimes maybe having to wait a little bit seems horrible at the moment..it might all work out in the end.

 

[letitsnow]

Sorry it didn't work out for you right now. I get what is being said about having to put more down due to credit issues...but that is not really what the OP was about..it was the fact that they were not told that up front, thought everything was good to go with the deposit money they did have ready to put down. I can see where it would be very upsetting to find out differently.

It took me 2 years from when I took my first DVC tour till we purchased. I would have been willing to finance...I am not one who sees financing as the devil. If that is what it took, then so be it. It took me 2 years to convince DH to buy. We ended up with resale and it worked out perfect...so sometimes maybe having to wait a little bit seems horrible at the moment..it might all work out in the end.

You hit it right on the nose...it was all about being informed that it might require more of a down payment or there is a possibility it would not go through. After I made the 10% deposit I never heard back from my guide. Oh well this was definately an experience I will never forget..my own roller coaster ride! Lol...

It's ok because for our first reservation we couldn't even get anything at our home resort. I am still sad but also relieved. Thank you for all the kind words and advice...

 

[Crystal_27]

I'm so sorry - - I can't begin to imagine how heartbroken you are. Don't worry, though...DVC will always be there, so if the timing is not right now, maybe in a couple of years.

 

[nunzia]

I certainly am not blaming the OP for having a bad credit rating. After all, hard times can fall on anyone here.
My point is that we all need to have some personal responsibility. If a bad credit risk wants to purchase a luxury item on credit, they must expect some worse credit terms than those with good credit.

Certainly nothing against the OP.

MG

I agree with this. However, it does seem the OP was fine with having penalties for poor credit in the past, just the fact that she wasn't informed a larger down could be required, so, I understand that frustration. But..that is the guides poor performance, not a slam on Disney policy. I do know that many many threads have talked about interest rates/required downs/etc, so I'm sorry if the OP didn't see those. We have to remember that not everyone is DVC savvy and it takes a long time to figure it all out. My BIL is joining us on our trip and doesn't get how we can have a 1 BR IN Disneyland and my DH really doesn't know how to explain it well since he just knows it has something to do with points and such and he just goes along for the trip happily oblivious.
OP..if you really have DVC as your dream, there are many ways to get there. You could start with a small reslae on the secondary market, then add on through Disney when it works best for you..maybe save more for that down. Or, maybe you really will decide that you'd rather just stay in regular hotel rooms, find nice deals, etc. Whatever works best for you and you family...but I wouldn't let frustration in a step of the process doom me to my DVC dream.

 

[crisi]

I got in a "spirited" discussion with a financial planner when he asked me to list my wants and needs. I put "car" down as a need. He informed me that it was a want. I guess each person looks at wants, needs, and luxury items differently. By the way, I completely disagreed with the "experts" opinion that a car is a want.Sorry to get off topic. I couldn't resist.

Depends - I don't live on a bus line - to get to work a running car is a need for me. Don't have a car, can't get to work. Can't get to work, can't buy food to feed my kids.

A nice car is a want.

If you live on a bus line, a car is a want. Its a pretty basic want for most of us, but if you are subsistence living, a car is a luxury.

 

[ktmmt]

if you want to be a member, buy a smal account resale 50 for example, could get if for aprrox $3500 and you are a member. You them can buy points and tranfer them into you account. Buy HH resale. That want I did and I am staying at the BLT this june for 8 nights. the 7 month window is not an issue. You can go on the wait list if you do not get your first pick. Remember, you can always get a room as Old Key West or SSV.

 

[keishashadow]

if you want to be a member, buy a smal account resale 50 for example, could get if for aprrox $3500 and you are a member. You them can buy points and tranfer them into you account. Buy HH resale. That want I did and I am staying at the BLT this june for 8 nights. the 7 month window is not an issue. You can go on the wait list if you do not get your first pick. Remember, you can always get a room as Old Key West or SSV.

the 7 month window is an issue for many, consider urself lucky to have gotten BLT

problem is with all the recent changes/tweaks to DVC who knows if the ability to stay @ resorts - other than ur home one(s) - will continue

im not saying - or hoping - that this will happen, just letting OP know that DVC has been rather fluid lately as to protocols & it's always good to look for a resale where u want to stay & then rent points from same resort for 11 month reservation ability.

 

[Dman67]

Go look at getting a Resale. You'll save a ton of money which will require less to be financed and thus require less for a down payment. With all of the resales out there I can't imagine why anyone would pay retail prices.