thread Re: Loan repayment pause in Banking With Square

Loan repayment pause

baileys — Sat, 20 Sep 2025 12:30:33 GMT

Can I temporarily pause my daily loan repayments if I am ahead on my loan payments? I’m looking at just a few days to a week of pause.

And if so, how???

Re: Loan repayment pause

perkits — Mon, 27 Feb 2023 02:00:41 GMT

we are always ahead of payment schedule, but I don't think that is an option (to pause) I know you can pay ahead, or pay off.

Re: Loan repayment pause

JTPets — Mon, 27 Feb 2023 12:25:27 GMT

No, I have made the suggestion and I believe others should, that if you are X % ahead or behind on payments, that every 3 months the rate should be reviewed and the rate should go up or down to keep you on track for 1 year repayment.

Re: Loan repayment pause

VanKalkerFarms — Mon, 27 Feb 2023 15:19:51 GMT

Unfortunately, that is not a part of the Square Loan process. When you are taking on the loan you agree to a set % to be taken out to repay the loan.

Re: Loan repayment pause

kbrandhagen — Sun, 30 Apr 2023 10:13:59 GMT

I agree that the repayment rate needs reevaluation. It’s repaying 3x faster than nessesary and taking all my profits.