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Just received an offer‼️

I just received an offer at 72% although it was only $1000 more than my previous and I still had $900+ to pay off I took it. It was approved within 5 mins and in my account. Definitely needed wish it was more but grateful for the small boost. 

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Square Champion

Hey there @Healthyketo

 

First, congrats! It sounds like the timing was perfect for you, which is great.

 

As for the somewhat disappointing amount of your offer, I might be wrong but I’m betting that yours could be the first of many such comments this year.

 

While the lending market is certainly loosening up a little with interest rate stabilization, there are still big economic concerns on the horizon in 2025. Most likely, inflation will skyrocket after promised new tariffs are implemented and the promised mass deportations hit a few economic sectors hard. Also, it seems certain that near certain tax cuts are going to explode the national debt to unheard-of levels. None of this bodes well for lenders.  I have a feeling that lenders will still lend, but that they will be obviously cautious about their exposure in their balance sheets. 

Fingers crossed it all works out in a few years. But, for now, I’m glad to hear some good news on the Square Loans front. Thanks for posting! I hope this is only the first good business news for you in 2025!

Chip
Square Champion, Innovator & Expert
Piper’s Ice Cream Bar, Covington KY USA Website Facebook
Click here to see a list of third-party apps I use to add functionality to my Square account!

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Square Community Moderator

Yay @Healthyketo ! I am so glad you got an offer quickly. I hope you have a great 2025!

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