You got them going up! Ugh, hun I am so sorry 😞 I truly hope we have turned the corner and loans are picking up. I'm not a big bank fan and use a small local credit union and I freak out in the winter months being in Michigan and I was where you were during covid and I called asked what I needed and nothing they had all my information to open a business account and I only bank there (shh and savings here) and a couple of hours later boom I chose the line of credit vs a company business credit card. I've used it 2x for great deals. I couldn't pass up. Do you bank locally and have a good relationship with? It's not always about credit with a credit union and most think they need a score of 800 not so much with a credit union they tend to lend more often, faster,less paperwork etc vs big banks. Just in my experience with ours, I should say. Here I go again!
Dear Square, please 🙏 😢 drop an offer for those waiting and truly need it! Thank you! Good luck, and I really 💓 hope you get an offer fast
I know it's hard 😪. We got so used to 70-75 % for myself that I could almost guarantee a new offer! I started watching the trend last June! For about 15 months, it's been trending higher percentage paid off or completely paid off, and people 3/4 mths paid off and are still waiting! I paid very close to the new wording in the loan section about market conditions! Square has shareholders it has to answer to the same for most POS that does loans, especially. It's been a rough year with the market, Fed's are they raising rates again 😕 stock market crashes, job numbers off almost 1 million, and the cost of living in all areas keep going up by 2%. That section of the loans IMO is the one slowing things down. Not to mention, we have an election coming up, and the world is watching. That doesn't help you one bit, and I understand that. I've been with Square for 12 years now and never left, process every day, and never used another POS. I've had multiple loans, and all paid off way before their time. Like YOU good, loyal customers should matter and be able to get financing when we need it and not when an algorithm comes rolling on by. When rumors floated of a revolving line of credit vs. loans, I was all for it! You get say 25k or comparable to your offers and use it when YOU need it! Then I didn't hear anything else about it. Good luck to you and everyone waiting that truly need it!
Yes, I have square savings, and I love it . Honestly, I kinda forget about it and don't touch it. I agree 💯 there's nothing wrong with Square checking/banking but in your case it's a little tougher to walk into the credit union and open your account and say oh, BTW I would like a 20k LOC! Having a nice small local bank account is a huge plus! So yes, you NEED an offer now please 🙏 then I would check into a local credit union or bank. Hopefully, things are starting to move a little bit better. The last 3 numbers that came out don't help smh. But the market is staying pretty steady, and the Feds are just watching and haven't made a move yet. That's good! I'm pulling for you hun.
