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Loan Offer

I am looking for any input on how to increase my chances for receiving another loan offer. I am currently 86% paid off on my 3rd loan. In the past I have received offers at approximately 75% paid off. I am "good" in all standings and will continue business as usual. Just wondering if anyone has any insight on something I may be able to do other than the routine business.  Thanks in advance!

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Hey @shara 

 

So you can try to connect your bank that "may" possibly increase any loan offers in the future.  I'm honestly not sure if that really plays that much of a factor in it though.  

 

As far as percentages, they seem to be sending out new offers in the mid 80's % paid back    I don't think there really is any other magic trick to get  a higher offer, or an offer sooner other than paying down the loan, and doing business as usual.  Avoiding any charge backs would be the only other thing that could hurt other than missing a payment.

Dan
Scorpion Coating Plus,LLC
Square Super Seller
Check out Square support center for additional help.




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Square Champion

Best Answer

Hey @shara 

 

So you can try to connect your bank that "may" possibly increase any loan offers in the future.  I'm honestly not sure if that really plays that much of a factor in it though.  

 

As far as percentages, they seem to be sending out new offers in the mid 80's % paid back    I don't think there really is any other magic trick to get  a higher offer, or an offer sooner other than paying down the loan, and doing business as usual.  Avoiding any charge backs would be the only other thing that could hurt other than missing a payment.

Dan
Scorpion Coating Plus,LLC
Square Super Seller
Check out Square support center for additional help.




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