@Shampoobowl1971 I received a new offer last week. At that time I was at about 85% complete, which was a little longer wait time than my past experience. I’ve heard the same from many others. As long as you meet the other criteria, it should eventually happen. However, Square always includes the disclaimer that you can meet every criterion and still not receive an offer. The mysteries of the Loan Black Box are the subject of often lively debate! My experience this year is that no one I know has received a new offer much before 85%, and that many are done paying their loan off and still haven’t received an offer. I know that’s no help, much!
Best wishes,
@ianssoph Congrats. You’re right they are still happening. But I’m guessing more conservatively. Weirdly I lived through the 70s/80s. Similar economy but much worse re: inflation. I’m guessing Square is being more conservative since they took over their own financing. Don’t blame them. I want them to survive. They are a business just like mine that has to make “selfish” calculations. Those calculations don’t work for everyone in a timely fashion. But they work for us all as a collective.
Now they have to make my current offer attractive. I’m not d sure I can justify it. Lol
@Ashleycsa7974 My last offer did not happen until 85%. That’s the first time that has ever happened, but it is consistent with what I’m hearing of the experiences of others. They aren’t coming quite as quickly as they used to. Just adding my experience to the other answers you will probably get.
I can not say for certain, but I’d imagine that it did since it was still in progress. I’m assuming that means that they are still taking funds out at the daily rate, which they will do until the new loan has been approved and the funds disbursed. Then there is a grace period before the new daily repayments start. Having an offer would not affect the current loan’s repayment, if I’m reading that term correctly.
