f you have both it's by a fluke in early testing a group who accepted the card offer and were in the range of a loan being offered snuck through during the testing of the card. They caught it and that has been stopped. Now, that it has rolled out to the community it clearly states you can only have one! The reason why is that if your loan is say 20% payback and your paying back your card at even 20% of the balance that's almost half (40%) of your daily sales. They don't want you to overextend yourself and not be able to make your payments or maintain your business needs. There was a good chunk that did receive both all around the same time period. So, I am not saying that you don't have both but it wasn't supposed to happen, and it was fixed pretty quickly. How that will work going forward I don't know because most offered both around the same time period are now just getting closer and closer to an offer range. Just myself I would contact the loan department or I can tag someone who can look it or connect you with the right department now and see what the solution is. @TheRealChipA@Sammie_C can either one add some more current information about this or clarification about moving forward? Thank you!
If you have both it's by a fluke in early testing a group who accepted the card offer and were in the range of a loan being offered snuck through during the testing of the card. They caught it and that has been stopped. Now, that it has rolled out to the community it clearly states you can only have one! The reason why is that if your loan is say 20% payback and your paying back your card at even 20% of the balance that's almost half (40%) of your daily sales. They don't want you to overextend yourself and not be able to make your payments or maintain your business needs. There was a good chunk that did receive both all around the same time period. So, I am not saying that you don't have both but it wasn't supposed to happen, and it was fixed pretty quickly.
This is what I was referring to. You said actively paying back your loan and an offer for the card came in. Unfortunately, it wasn't supposed to happen and got caught fast. Since you have had both have you had a new offer or an increase in your credit card limit? The others so far from the ones posting no on either. I tagged bellow both of them can help you get to the right number to call to see what the outcome is for those who snuck through and received both. I believe you and the one posting below 100%. Early fall to the first part of December during the early rollout stage a good group received offers right around the same time. It happens during testing products to help us run our business faster and smoother. They work 24/7 on new features and improving our products now. @TheRealChipA
Not to change the subject because it regards CC in the loan pages has had 3 mths nobody to call or message but this is response that user are really liking instead of the same ole no guarantee or if or when. That's something I could easily just say unfortunately that is something that is directly related to your account let me tag someone to help you out. With them crossing threads.
I apologize I see that your response is pinned up top. We have about 20 now that are in about the 65-70% range who did receive both during a short period of testing and both were offered in a such a short time period and received them both. Now, comes the loan offer time, and no offer yet. The furthest I've seen is 85% on loan repayment. I knew about what was going on but now I am not sure what the solution is or who to contact. I tagged you and Sammie. I know now it clearly stated ONE but not both. Like the other gentleman said in a different post and I tried to explain at 20% of loan payment and if only paid 20-30% of the card back that's close to 50% and you will be chasing tails and offer after offer. All of you in Beta do an amazing job and work 24/7 to help improve and add new features daily. Unfortunately, hiccups happens. Thank you for providing any updates on going forward now.
Yes, you can have both. Both have been running smoothly, and those with cards are still receiving loan offers. Right now, it's kind of all over the place when and if you receive one. From around 70% to paid off recently. I would say that the majority are still in the 80-90% range paid off before the new offer. Of course with no guarantees of if or when your prior history and a strong healthy business are a part of it. Keep your goods great and the negatives to a bare minimum. Keep swiping away and good luck!
Yes, as @abbeyc has stated and many others have, you go back into the algorithm, and it will do its job. One of two could have happened: You had two pending offers, you chose one, and the system could be taking a second look at your loan offer, or it could have expired. You can have both, but a square isn't going to overextend your ability to pay back and still maintain a business. They don't want you to loan poor. Keep swiping daily, try to increase the value or volume of swipe. Draw in new business and try not to get any return, disputes andchargebacks. Good luck and hopefully soon a new offer will come in.
