Square Loans early payment a good idea or bad?

[__NEXT__LEVEL__]

This->  "Making a prepayment will expire any existing offer. It can take up to 10 business days to be re-evaluated for a new"

Now, I have yet to pay of 3/4 of my loan, but I am on track with payments , in good standing. I also have not seen another offer for another loan, nor would I expect one this early. Why would this message come up when there is NO other offer on the table? I want to simply make a payment towards my current loan. Will In somehow be penalized? Is there another offer in the works that has yet to be put on the table that I don't know about?  @squareloans @Nextleveldetail

[Donnie-M · Accepted solution]

@__NEXT__LEVEL__ This is my general advice.  #1 don't try to figure out the loan system....that is something that is elusive and frustrating.

#2  Do you need a new loan?  If you do, do not pay off early.  Keep your cash flow so you don't need another loan.

#3  Can you pay off the loan early and not need another loan?  Yes, pay on it.  NO, Don't pay it off and hope for another loan offer.

Hope is a strategy, but not a very good one.  That is a common thing, someone pays off the loan or has paid off several, and then needs another one and the offer doesn't come.