Disney Financing for Point Add Ons

[PoohsGang]

Thinking of adding 100 points to our current 153 BCV. Due to the downturn in business in the past couple of years there are some credit report issues. Anyone have expireience with Disney Financing for poor credit?

 

[brkgnews]

When I was asking around about financing, my guide told me that the worst-case scenario was an 11.75% rate. The 10.75 you see is a "preferred" rate with direct debit. I would, of course, presume there's a worse case than "worst case" in that I presume they could, indeed, deny your application completely.

 

[GrowingUpDisney]

Did you originally finance with Disney for your 1st allotment of points?

When we added on through Disney after originally purchasing our allotment with them our sales rep told me that they do not repull your credit. You might just want to ask your sales rep about this.

I hope you have good luck in your ad on. We only have a few months left to pay on our original purchase and we will probably be adding on again.

Niki

 

[hansel1]

When we bought in to dvc this year, I asked about that. They said that if you had poor credit they would just require a larger down payment and you would not get the preferred financing rate.

Good Credit: 10% down 10.75%

Bad credit: 20-30% down 11.75%

When disney ran my credit they said that I was eligible for the preferred rate and 10% down. I knew my credit was OK, but I didn't think it was good enough to get the preferred rate. So, you should probably call MS and find out.

 

[golden redhead]

I would call my guide with a question like that. Good luck!