What is the interest rate Disney is charging?

[jlewisinsyr]

For reference the semi-official FICO credit score number the are looking for in preferred credit is 740 or higher. Less than that gets you the standard.

 

[BWV Dreamin]

That may not be the case. I have $23,000 put aside for my downpayment and closing costs on a home (first home). I have almost $5K put aside for DVC BLT. I am buying the DVC in March, the home in May. I have money for both, but I don't want DVC showing up on my credit report when i'm buying a loan because I'm preapproved based on other finances and I don't want to be disqualified by the DVC financing. Even though I can more than afford the house and the closing costs and the monthly payment, I am obliged to Disney for not putting it on a credit report. Also, I will be able to pay off half almost instantly by March

In some cases, yes people may be overextended or not want a DVC default to appear on their credit report. DVC may change this practice later. But for now, I am thankful!

Hey, your just the perfect example I was refrencing! Its Disney's money, if they don't care if you default, then why should I? However, if you can't pay your mortgage, well, we are all paying for that right now, and years to come. So maybe Disney should be a little more responsible to the consumer for their lending practices.

 

[PrincessNewsie]

Hey, your just the perfect example I was refrencing! Its Disney's money, if they don't care if you default, then why should I? However, if you can't pay your mortgage, well, we are all paying for that right now, and years to come. So maybe Disney should be a little more responsible to the consumer for their lending practices.

Maybe DVC should be more responsible, yes, but the fact it doesn't show up makes me able to buy both!!!