Are you considering becoming a Disney Vacation Club member? One of the questions that may be on your mind is whether or not they perform a credit check. Let’s explore this topic in detail.
What is Disney Vacation Club?
Before diving into the credit check aspect, it’s important to understand what Disney Vacation Club (DVC) is. It’s a timeshare program offered by Disney where members can purchase points that can be used to book accommodations at various DVC resorts. Members can also use their points to exchange for stays at other non-Disney resorts.
Do They Perform a Credit Check?
The short answer is yes, as with any financial transaction, DVC does perform a credit check when you apply for membership. They do this to ensure that you are financially capable of paying for the membership fees and annual dues associated with being a DVC member.
What Do They Look For?
During the credit check process, DVC will look at your credit score and credit history to determine your financial responsibility. They will also review any outstanding debts or bankruptcies on your record.
What Happens if You Have Poor Credit?
If you have poor credit, it doesn’t necessarily mean that you will be denied membership. However, it may affect your interest rate or payment options. In some cases, DVC may require a co-signer or additional collateral to secure the loan.
The Bottom Line
In conclusion, yes, Disney Vacation Club does perform a credit check when you apply for membership. This is done to ensure that you are financially capable of meeting the financial obligations associated with being a member. If you have poor credit, it may affect your interest rate or payment options, but it doesn’t necessarily mean that you will be denied membership altogether.
- DVC performs a credit check to ensure financial responsibility
- Poor credit may affect interest rates or payment options
- Membership can still be obtained with poor credit
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