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Ellusionz

Uplift Financing with Carnival

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Don't see a post about this yet. https://www.carnivalcorp.com/news-releases/news-release-details/carnival-cruise-line-partners-uplift-offer-new-finance-option-0 From what I understand there's no fees, will be interest charges tho I haven't seen yet what the percentage will be, and will have a soft check on your credit until you finalize is what my pvp said. Anyone got any other info?

 

Found a page with a lil' more details at their site https://help.carnival.com/app/answers/detail/a_id/6501

 

Anddd answering my own question found the interest part, always hidden lol: 

APR may range from 7.00% to 36.00% APR. Eligibility and loan terms based on credit and other factors. Residents of West Virginia are not eligible for Uplift. Minimum $605 cruise itinerary required. For example, based on a cruise priced at $2,000.00 on a 24-month plan, a first payment of $0 is due at the time of booking plus 24 payments of $96.97 at 15.00% APR. 
Edited by Ellusionz

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13 minutes ago, Ellusionz said:

Don't see a post about this yet. https://www.carnivalcorp.com/news-releases/news-release-details/carnival-cruise-line-partners-uplift-offer-new-finance-option-0 From what I understand there's no fees, will be interest charges tho I haven't seen yet what the percentage will be, and will have a soft check on your credit until you finalize is what my pvp said. Anyone got any other info?

 

Found a page with a lil' more details at their site https://help.carnival.com/app/answers/detail/a_id/6501

 

Anddd answering my own question found the interest part, always hidden lol: 

APR may range from 7.00% to 36.00% APR. Eligibility and loan terms based on credit and other factors. Residents of West Virginia are not eligible for Uplift. Minimum $605 cruise itinerary required. For example, based on a cruise priced at $2,000.00 on a 24-month plan, a first payment of $0 is due at the time of booking plus 24 payments of $96.97 at 15.00% APR. 

I cruise in 3 days. I booked for $50 deposit per person. After that I made monthly payments. I paid no interest. This "new deal" would cost me more since I would be paying interest.

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Yea I see it only beneficial to peoplewho book closer to cruise who don't want to do full payment and run payment past normal final payment.

Edited by Ellusionz

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try putting a $100 a month in a savings account, no interest and essentially the same thing

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31 minutes ago, Ellusionz said:

Yea I see it only beneficial to peoplewho book closer to cruise who don't want to do full payment and run payment past normal final payment.

 

Or people who can't afford to cruise in the first place and will end up paying way more than the cruise cost. Win-win for Carnival

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If you are going to use credit then a credit card would be the best option since they often included some form of travel insurance and other perks. 

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53 minutes ago, trummy said:

This "new deal" would cost me more since I would be paying interest.

Only 36% !! 🙉  Ridiculous. Someone on here once said when their kids ask where their college savings fund is they'll remind them of the nice cruise they took them on when they were little.

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The only benefit I can see is either 1. not making a standard down payment or 2. if you pay after final payment and want to break it up into two-three payments, but that's really all you could do with that amount of time. Can't see either of those being worth the crazy APR they are charging. Can't you just book during a reduced deposit sail and pay it down slowly on your own? Maybe this is meant for people that don't have the financial discipline to do that and need the "bill" to keep them paying it down. Don't know.

Edited by sanger727

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I wonder if they are looser on credit checks than credit cards too. My pvp said the trial run people didn't have any issues with getting accepted for credit. 

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5 minutes ago, Ellusionz said:

I wonder if they are looser on credit checks than credit cards too. My pvp said the trial run people didn't have any issues with getting accepted for credit. 

My bet is that they didn't(have issues of being approved)...BUT, I'll wager a bucket of beer that many of the people had an APR of over 20%. Some with poor credit scores, I can see them paying the 36%. And that's a trap. Especially if you're only making minimum payments. 

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I am well aware that my response will not be well received....so FLAME away!   

 

If you NEED to cruise on credit with a loan....maybe you can't afford to go on vacation.  

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13 hours ago, sanmarcosman said:

Only 36% !! 🙉  Ridiculous. Someone on here once said when their kids ask where their college savings fund is they'll remind them of the nice cruise they took them on when they were little.

This is truly a head scratching deal.

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13 hours ago, sanmarcosman said:

Only 36% !! 🙉  Ridiculous. Someone on here once said when their kids ask where their college savings fund is they'll remind them of the nice cruise they took them on when they were little.

 

Why not go to one of the payday loan places?  36%?  I think where I live the legal limit is 29.99%, otherwise it's considered usury, but I could be wrong about this.

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1 minute ago, Roz said:

 

Why not go to one of the payday loan places?  36%?  I think where I live the legal limit is 29.99%, otherwise it's considered usury, but I could be wrong about this.

My point was when it comes to vacationing our motto is " pay as you go " and don't finance.

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If you can get it for 7 - 15% for most people it would be less than if you put it on a credit card.

 

For some, it's easier to budget this way and buying on credit is normal.

 

I'm not going to use it; I'm not going to judge someone who does.

 

I read something that impacted my thinking recently "You can always get more money; you can't get more time." I can see cases where the thought is "why not take this cruise on credit and pay it off over the next 11 - 24 months. Time is of the essence."

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from Uplift Financial home page under about us

https://www.upliftfinancial.com/about-us/

 

Uplift Financial - 1770 Massachusetts Ave #138 - Cambridge, MA 02140 - (617) 463-9016 - info@upliftfinancial.com

Disclosure: Uplift Financial is not a lending partner and does not represent lending partners as a loan broker or in any other capacity other than as a loan referral source. Your submission of information and any request for quotes through Uplift Financial is not an application for credit. Any applications for credit must be submitted directly to a lender. Uplift Financial uses the information you provide to identify financial solutions that appear to be the best fit for your situation, based on the information that you have supplied, using the financial parameters that lenders have provided to Uplift. Uplift Financial may receive a referral fee from a lending partner in certain circumstances. Uplift Financial matches borrowers with financial solutions that appear to be the best fit for their situation. You must apply for credit directly with the lending partner with which you choose to apply. Uplift Financial may share your information with a lending partner if you have permitted us to do so; any credit product for which you apply is solely the product of the lending partner. Interest rates used as examples on the Uplift Financial website are typically for borrowers with prime credit; actual interest rates, terms and conditions, and APRs will vary depending on the loan type and lending partner. There is no charge to use Uplift Financial's service. Filling out a form on the Uplift Financial website does not guarantee approval for a loan. For our E-consent please visit www.upliftfinancial.com/loans/esign-consent.

Disclosure: Uplift Financial is not a debt settlement company and does not represent debt settlements companies in any capacity other than as a debt solutions referral source. Uplift Financial may receive a referral fee from a debt settlement company in certain circumstances. Uplift Financial may share your information with a debt settlement company if you have permitted us to do so; any product for which you apply is solely the product of the partner. Terms and conditions will vary depending on the partner. There is no charge to use Uplift Financial's service. Filling out a form on the Uplift Financial website does not guarantee you will receive a debt settlement plan. For our E-consent please visit www.upliftfinancial.com/loans/esign-consent.

Copyright 2019. All Rights Reserved.

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I have used the Carnival Easy Pay for my next three cruises works great for me.

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I wouldn't do it now, but did once take out a loan to pay for a Disney vacation when my girls were little, think I paid 15% interest on it. Now I'm paying for college bills, etc, I don't need to add to the indebtedness! We are going on our first cruise next month, but we booked it over a year ago and paid it off in February with tax return. 

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1 hour ago, Georgie562 said:

It’s an expensive form of credit. 

Damn sure is! NO cruise is worth borrowing money at those rates. 

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On 11/8/2019 at 7:20 AM, HillBilly Bob said:

I am well aware that my response will not be well received....so FLAME away!   

 

If you NEED to cruise on credit with a loan....maybe you can't afford to go on vacation.  

Exactly!  A credit card you already have, not a huge deal, but an outright loan for a vacation that's not that expensive to begin with isn't smart...

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I don't really like this.

 

I've enjoyed booking a cruise with a low deposit, and paying it off casually over time.  Our next cruise, in fact, was paid for a little bit at a time using the proceeds from quitting smoking.  It was a helpful tool as I could see something tangible - each time I had saved $100, I'd put it in the account.

 

I don't want to do that if I have to have a credit inquiry and interest.  It's difficult for me to justify the expense of a vacation.  This will just make it a little more difficult because, again, I do not want to pay interest.  If I find something else that I'd be better off spending a lump sum of money on (say, for instance, an extra mortgage payment, or car maintenance), that's going to take precedence over dropping $1500 at once on a cruise.  Hate it, but it's true.  

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10 hours ago, Don Kehote said:

I don't really like this.

 

I've enjoyed booking a cruise with a low deposit, and paying it off casually over time.  Our next cruise, in fact, was paid for a little bit at a time using the proceeds from quitting smoking.  It was a helpful tool as I could see something tangible - each time I had saved $100, I'd put it in the account.

 

I don't want to do that if I have to have a credit inquiry and interest.  It's difficult for me to justify the expense of a vacation.  This will just make it a little more difficult because, again, I do not want to pay interest.  If I find something else that I'd be better off spending a lump sum of money on (say, for instance, an extra mortgage payment, or car maintenance), that's going to take precedence over dropping $1500 at once on a cruise.  Hate it, but it's true.  

You don't have to use this service. This is an additional service and all others are still there to use.

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