😆 🤣 😂 no offersville, you are correct there! I was laughing at our new hangout place 🤣 in all time here. I don't think I have ever seen this. Many paid off, and months paid off, and 1-3mths are and still waiting. That's how bad it's been trending, and hopefully, that changes very soon. Good luck to everyone waiting for an offer and it looks like we are riding this thing out
For the most part, trending is lower than previous loans. Percentages have been lower as well for most not all of course just going by the trends. My last offer was 1k more than my previous and I was at 91% paid off so that extra 1k pretty much paid off the previous loan. The only good thing with the higher percentage paid off you get more of your new loan and not paying off 25/30% of an old loan and you get the majority of the loan. Thank you again for sharing as you see the amount waiting and questions. I really appreciate that honesty. That should help others as well!
Congratulations ❤️ 🎊 👏 I appreciate you so much for posting and sharing this information. Unfortunately, there have been a lot of people with the half offer. Hopefully, it helps, and the rest you got this anyhow. Nobody knows your business better than you! Tighten up those boot straps and get ready 💪 without all of us worldwide working 24/7. This world would be lost if we disappeared. It's up to us, and your door is open, and you are doing business, and that's all that matters now. One day at a time and knock it out. Congratulations again!
Yes, I updated between 1-3 pm. Eastern time. All my offers have come between 5pm-9pm roughly. I tend to have my offers on a Saturday. I'm retail furniture, and Friday and Saturday are crazy busy even on Sunday. I think those huge days kick it in. I watch on here for what's trending and other people who post what %, rate, higher offer or lower. We are all unique and different, and my offer might be 1k higher than the last one, and you might get half of your last offer. Hopefully, it is at least the same or higher. But most are trending lower or stayed the same. Not all but on the whole. I've been with Square since 2012, I believe, and I tried to tell people in June Hunker Down that it's going to be a tough summer. We are trending the same as last summer. About September, the market mellowed out and boomed off and ran with loans. Hopefully, things mellow in September again, but we didn't have an election either, and that is going to be a huge watch, and see, I'm afraid. You got this!
I don't know either, but that's why I didn't answer back right away. Mine all Saturday and Thursday?? Wednesday is a really good steady day, but Tuesday is the slowest day of the week?? No other days, and I've been with Square before loans were a thing. I believe but don't hold it to me. 2014 started the pilot loans going out. My first loan is 1k and then up in offers and never lower again. My last offer was 1k higher than the previous loan, and before that, the same offer was the last one. But at 91% paid off, and in March, with our busiest and warmest winter in Michigan, I still took it because the rate dropped big time. I had a feeling it was going to be rough this summer, and unfortunately, I believe that until the election is over.
so true, and that is all we can do is push through it. I belong to a small 8-12 credit union, and they are so much easier to work with and my paperwork zero! I asked before I left to leave, and she said no. They had all my business information already and can look at all my income information right there. About an hour later, I was done and out the door. This was prior to covid, so 6% wasn't too bad for it. She said I could really save if I did a business credit card for a year and then do the line of credit but it meant coming back again and with me and my mind never shutting down I would be using that one instead of my Chase! I know a couple on here really could use it with getting new equipment that is broken and needed bad for business. Hopefully, we should see something soon!
I forgot to tell you, welcome to the lonely, frustrated, confused, what in the world is going on club! I guess I will be seeing you until the good Ole algorithm kicks in, and I hope it is soon! We have a great group of people and a lot who are very smart and have been around for a bit. I don't work for Square. I'm a retail furniture store owner, but I do help out in the most desperate club and try to calm the massive. Usually, most people know they scroll down and see it's not great right now, but honestly, I'm not kidding. The grass is no greener with other POS that do loans. They are jumping ships, too. Good luck to you and everyone waiting! If you have any questions, just yell unless it's where my offer 🤔 🙃 unfortunately I don't control that Ole algorithm, and I let that thing wide open!
