Pay off loan, or wait

[holtphotog]

I'm at 77% paid off on my 3rd or 4th loan with Square. I'm thinking about paying the remaining balance in full with hopes of being extended a new offer. Anyone had any luck with this?

[Kassi_]

Hey there @holtphotog - 

That's awesome! I would reach out to our Capital team directly about this. They take numerous things under consideration whenever looking to extend a loan. To give you the most accurate information, I would reach out to our Capital Team directly. Use this link to get your Customer Code and Phone Number to reach them - http://squ.re/contact/

(Tip: after clicking the link above, hit More > I Don't See My Issue. There, our phone number will generate along with your customer code).

[holtphotog]

Ok! Thanks so much 🙂 I went ahead and paid off the loan, so we'll just wait and see!

[Joe]

Thanks for the update, @holtphotog! Feel free to reach out if you need anything else! 📈

[rzrshop]

My loan was paid off early since Sept and no offer 😞

[NRVGuru]

I've heard things both ways about doing payments early in that while it officially doesn't impact your chances at renewals or new offers, there's been comments about people not getting another offer after paying off early, or that doing an early payment puts your review status in limbo for a couple weeks.

I'm a bit antsy since doing an over the phone payment a couple weeks ago and hadn't heard anything yet, and am currently around 76% on my current deal.

[Kassi_]

Hey there @NRVGuru - 

Welcome back to the Community!

A lot of information is taken into account before another loan is issued. They look into the history of the account, loan repayment history, and other specifics. 

Another option you have, for more information on your specific situation, you can reach out to our Capital team. 

You will need a Customer Code to reach them- http://squ.re/contact/

(Tip: after clicking the link above, hit More > I Don't See My Issue. There, our phone number will generate along with your customer code).