Loan repayment pause

[baileys]

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???

[perkits]

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.

[JTPets]

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.

[VanKalkerFarms · Accepted solution]

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. 

[kbrandhagen]

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