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!
Hun, honestly when I go back and look at my previous loans about 75% are Saturday night offers. Whether my busiest days are Thursdays, Fridays, and Saturdays and the increased sales trigger it? All the years here probably Sunday is a big flop as far as people posting. If I knew how that algorithm worked, I would be like Oprah up in here “with you get a loan, and you get a loan” Unfortunately, I don't.
Yes! They are going out still. Summertime is not always the best time to gauge it by activity. People post looking for a percentage, and get their offer, and go. Whether it's nice outside, busy season all of the above for me, not like the winter where they stick around for a month if needed.
Congratulations! You have been waiting that's for sure. I stopped trying to guess or predict what my offer might be because I bounce around and sales are up 3x higher than the last 2 previous years 🤷♀️ if I need it or think it might be a rougher winter I accept it or pass. Guessing an algorithm, the economy, and everything else is beyond me. I am glad to see you finally get yours though.
The last 2 weeks it has kicked out a bunch of offers finally. After a long holiday it tends to late wed or Thursday before things get back to normal. If people honestly remember the last 2 summers were long and few and far between and then boom Aug/Sept they came rolling out and didn’t really slow down until around late April. The algorithm is working hard right now. Good luck and hopefully by this weekend you will have an offer! Fingers crossed here for you
