It sounded like you were newer to loans. It's so hard to try and make a guess on it with the first few loans especially. Besides me telling you there are no guarantees of if or when the next offer might come. The difficult part is Square and the algorithm trying to figure out your processing pattern. With any new account, you have to start somewhere. The algorithm is a tremendous help for us to use but it's not a guarantee of an offer nor is it a bust if something needs work. Square takes into account your whole profile. Time with Square, previous loans are huge. All the good signs. Increase in sales, volume of swipes, and new customers. The algorithm is doing its job and crunching numbers and recording data. It does look at your account daily. If you can help it increase sales or boost the number of swipes maybe that might trigger it to take a 2nd look at your account. That's just a wild guess. Something has to! Good luck and Keep us posted ok.
Yes, I understood you. It transfers over the next day. Now, when you go to make your loan payment it takes 7-10 business days to process. Once it is cleared you are eligible to update and go back into the algorithm. If or when, with no guarantees, it's hard to say. The last time I paid off a loan in the upper 80s to low 90s, I was 14 days (federal holiday) fell in there to process the payment and clear through the system. Then it took 2 days to go back into the algorithm. Through this process, I was already paid off from sales. Before paying off your loan double-check to make sure you don't have any offers. If you do it will cancel it out during this process. Good luck with your journey!
Yes, you are correct now on CC or for some it lowered their loan amount by half and they can call and opt out of the card and chose NOW which one they prefer or if you are happy with both you can have both. In the early stages no it was posted and pinned 1 or the other. But, both seem to be working out fine with each other and bugs worked out. So, you and I both were in the test group and didn’t know it for the first loans through Square. Good luck and keep us posted.
It does state 1-3 business days and usually they are pretty fast. I had noticed more approvals last Wednesday-Friday than usual and it could be just a little slower is all. I tend to be a Saturday person and I am use to waiting till Monday and sometimes Tuesday even. If there was any issues you would see a message in your dashboard if not could be a mix of both. My Credit Union post if it hits at 2pm it’s there. My old bank 10-12 years ago nope like 12:01 am the next day? Fingers crossed 🤞 you wake up and there it is!
For about 3 years I’ve heard about this mystery theory and I am a trend watcher big time! I follow them and pay close attention to what, when and why? It is I shouldn’t say funny when it does happen because loans are very important to help with winter, slow months and supplies etc. The list goes on. I can say that if you want to do a dance around the table 3x and tell the ole algorithm to kick it in and it works then start dancing and keep this board moving! But, I might ask for video proof before I consider it a trend! 😂😂😂 just kidding! Good luck with your getting an offer and keep the sales up, volume up, new customers up. And no negatives. Do all of those and then the dance that will help improve your odds. And then the ole script of if and when you receive one might come at the when part! Keep processing like mad and good luck to you! We are on a roll don’t jinx the board. 🤞
