Loans?

[JW10]

I had an offer for 42,000 and when I paid off my existing loan early, that offer disappeared. Then they gave me a new offer for 4,700. This is ridiculous. Sales are strong, etc. That is close to a 40,000 drop. Makes no sense. All loans paid back early, please advise? I like square but may revisit other platforms as a result.

[Minion]

hi @JW10 

did you pay off your existing loan "early" through CC sales or a manual payment.   I would say 90% of Square customers pay their loans off earlier than the amount of months that are allowed.  

If it was a manual payment and it just cleared today I would wait another 7-10 days and see if a new offer generates.  As we all know offers are not guaranteed to come back. 

I do remember reading over the last year here that Square has been offering significantly smaller loans to people so that they are easier to pay back and not act as a burden if something unexpected were to happen. 

[Abby_M]

Hi @JW10 

Appreciate you taking the time to post.

Offers through Square Financial Services are only available for a limited time meaning offers can expire or fluctuate. If you choose not to move forward with your current offer, your account will continue to be evaluated for offers. Please check your Square Dashboard. 

If you have any other questions, please feel free to contact us directly!