Vacation Club Loans, a consumer financing company exclusively designed around timeshare resales, will now be able to offer financing to our neighbors to the north. Vacation Club Loans has secured the ability to process credit applications for Canadian citizens seeking financing for timeshare purchases. This improvement was originally driven by a great demand seen for Disney Vacation Club (DVC) financing by Canadian citizens. Extending financing to Canadian buyers is expected to have a very positive impact on the nationwide DVC resale market as well as the resale market for marquis brands worldwide.
Debbie Ely, RRP, president of Vacation Club Loans states “Over the years we had inquiries regarding DVC resale financing from Canadian citizens. Previously, we did not have the capability to process credit applications for them, leading to disappointment for buyers and potential loss of a sale for our resale brokers. Through a new agreement we will be able to obtain Canadian-based credit scores now to quickly and easily approve them just like our US based buyers. Canadian buyers with reasonably good credit will be able to purchase the Disney Vacation Club packages they desire while helping our affiliated resale brokers move additional inventory. We will also be able to assist Canadian buyers with resale purchases of other marquis brands like Marriott Vacation Club, Hilton Grand Vacation Club, Hyatt, and Westin. We are the first resale lender to provide resale financing across all brands and now across the border” .
Vacation Club Loans has seen a steady increase in timeshare resales and loan applications for a third year in a row. Thus, confirming our previous thought that the resale markets would do better in moving inventory if financing was available. Based on our contract amounts and loans, we have also seen a slight up-tick in pricing too. This is great news for sellers and resale brokers alike while still providing discounted resale market pricing.
About Vacation Club Loans
Vacation Club Loans is a consumer finance company that provides loans to those who wish to purchase a timeshare (vacation ownership) product on the resale market. Its easy loan approval process, low interest rates, and flexible payment plans have made Vacation Club Loans a pioneer lender in timeshare resales. For further information, please visit www.vacationclubloans.com