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No Credit Check or Credit Check? What’s the Best Financing For You?

August 18, 2021
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If you are in the market for a Disney Vacation Club contract or looking to refinance your existing contract, you may have found yourself on our new website browsing financing options and wondering the differences between the no credit check and the credit check models. The best choice for you may depend on your individual situation as well as the contract you are looking to purchase. Our improved Instant Quote Tool is going to make comparing your choices easy. In addition to using the quote tool, let’s breakdown the benefits of both models to help you make an informed decision when shopping for a DVC loan.

Use the Instant Quote Tool to instantly view your financing options.

No Credit Check

Our No Credit Check model is exactly what it sounds like. We will not run your credit. Because of this, everyone is approved. This can be beneficial if your credit isn’t exactly where you would like or you are trying to protect your credit for an upcoming purchase. With the no credit check option, the down payment will depend on the resort and points. The best way to explore this option is by using our Instant Quote Tool.

Credit Check

The credit check option can be a great choice for those looking for a lower down payment and the lowest interest rates we offer. Choose the Optional-Credit Check below the down payment to explore this option. A credit score in the Excellent (800+) range only requires 5% down. Scores in the Great (700-799) and Good (650-699) range will require 10% down. With the credit check model, you can get as low as an 9.9% interest rate with Excellent credit on terms up to 8 years and 10.9% on terms up to 12 years.

The Instant Quote Tool allows you to compare both options side by side.

Regardless of the option you choose, Monera Financial offers everyone terms up to 12 years along with a variety of down payment options. Our interactive Instant Quote Tool is a great resource to plug in the specifics of contracts you’re shopping for to see your different options. Use this resource freely as you browse DVC listings. If you would like to speak to a team member to further discuss financing, don’t hesitate to contact us at 1-855-DVC-FUND (382-3863) or email us at info@monerafinancial.com. We look forward to hearing from you!

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