SoLo Funds: Lend & Borrow

I’m pretty sure all of the activity and open loans on the marketplace are fake. There’s no way there’s this much activity and yet when you put in for a loan it’s never funded. When you lend to someone, you rarely actually get paid back. Seems like an app designed to get you to “lend” money to a bot which is just the company getting that money.

As it said I deposited $1000 to try out the loaning side, but I’m at 90+ days and those loans remain unreturned on payment. Unfortunately “customer service” give you the run around when you email them. I swear there is a place that you click to insure your loan for a certain % but I’m yet to receive that offer to cash out. Any chance the developers see this and respond would be great.

People don’t waste your money here. I’ve used solo for a year now to give it a fair shake. The major problem is there isn’t anything being done by SOLO to get money back in a timely fashion when people don’t pay. I currently have 3 “loans” that are over a year past due. I have another loan to a “92” score person that is 79 days past due. It’s not worth the risk.

Solo is always there for me when I need them.

They say you can get a loan but I have yet to receive one. They want you to pay interest on the loan which is fine but they also want you to tip the company as well without securing your loan for you

I had requested a loan multiple times with no luck at all. I can’t afford to loan anyone money, but if I did receive a loan I could pay the lender back. However, do to no fault of my own, I got an email saying that my account was closed just because I have not received a loan and I never funded one either. I’m not so sure how or why that happened when I see some people say they been trying for a year or so but somehow my account got cancelled and I haven’t been trying for long. I personally believe that this app should be disabled because I have seen people say they never got funded when it shows all of the people who have been funded over 10 times and I have seen people say that they funded a loan and never got paid back. People are losing money and hope all at once. I love the idea but it’s a disappointment both ways. Nice people are being taken advantage off by loaning people who won’t pay them back and people who need help can’t get it. And those are probably the people who will actually pay their loan back. Either way, it was worth a try.

They have tried for eight days to make it to where I can withdraw my funds, I can’t link my debit card. And now they’re trying to make me make loan payments on money. I’m not able to withdraw. I had to put a hold on them with my bank and freeze my credit report. The interest rates on these loans are loanshark high. You’re better off getting money went to you by a mobster than these jokers

Was good then it went downhill fast and now I can’t withdrawal my money. These people will steal ur money don’t invest with them

I used this app for the first time about two weeks ago. It went well. I tested it, requested a long for half of what I was able to just to see if it worked. The next week I paid it back early and went to try to do it again and I had to resubmit the debit card I used previously, and it was having “internal errors on our end” pop up constantly, customer still hasn’t reached out to me after requesting some sort of answer or help with the problem twice now. Doesn’t seem to be any light at the end of this short tunnel. Rated it a 5 because I could see how it would be super nice for someone absolutely struggling, but I dropped it to a 1 for the simple fact that the user interface and customer service are severely lacking.

After a year on the app . I’ve never been able to get a loan from anyone. Even a small one