This is literally the best lending app there is. I have been using them for months now. You can either request a loan or you can make money and fund a loan. You can pay back in two weeks or less. You are graded by a number system from 0-99. If you pay on time your number goes up. I’m at 90. Lenders will loan to you easier the higher number you are. But I never ever have had to wait for a lender. When I hit request I am immediately funded. You choose the tip you want to give your lender. You can choose whether to tip Solo or not. I was tipping up until today because the higher your loan is the higher the tip. (Talking about tipping the APP not the lender!) This is the only thing Solo needs to change. Let us decide what tip. You can tell us what is preferred but let us decide. The tipping was way high to where I shut off that option. I’ll tip again but right now I stopped it. Also, when you choose a tip to a lender they can come back and ask for more before they will fund you. You can decline this and your loan will continue to stay in the request column. Oh and One time I requested in middle of night. That was actually only time I didn’t get funded right away. So I deleted my request and asked again during the daytime. So I suggest that. I have not lended money so I can’t give any review on that. As far as a borrow I’m hooked !

SoLo’s mission sets it apart from any other bank or financial services company. Those who are in need of immediate help are able to get a loan very quickly on the platform. Borrowers don’t have to lose their dignity walking into a major bank that may reject them, or a predatory payday loan shop with crazy hidden fees. This app could save people in emergencies like fixing a car so you can get to work, getting food to feed your family, etc., along with just getting back on your feet from financial hardship. The borrower always sets the terms and agrees to any changes suggested by the lender. The loans are funded not by a major corporation but by other SoLo members who have a little extra cash and want to help the community while also taking the chance to earn some profits. These lenders are everyday individuals who will use the proceeds in their local community or to help their own family. In my time on SoLo as a lender I’ve found it to be rewarding helping others, doing good while earning some. Any concerns I’ve had have been quickly addressed by SoLo support with professionalism and dedication. In particular the support agent Gladys has been great. Additionally SoLo has begun education resources with strategies for financial independence, and is working on improvements to the app to help the underserved with better banking options.

I have downloaded and checked out a number of lending apps online and in the app store and I will say thay Solo is HANDS DOWN the best and easiest way I have ever recieved funding! The tips and fees are realistic and dont make borrowing hurt your financial situation costing more then you can afford. Don’t be discouraged if your first, second, third or maybe even fourth request for a loan are not funded in the 3 days they stay on the marketplace, someone will come thru for you and the request process literally takes all of 3 minutes. Once my loan was funded and I accepted the terms the money was in my bank account and available to me in seconds!! I highly recommend this app for temporary financial relief as long as you are true to your promise to pay back in the allotted time frame as these lenders are people just like the borrowers paying out of their personal pocket to help those in need and should be appreciated for their kindness and caring to help others. I am excited to watch my credit build with Solo and can’t wait to be in a position to help others the way my lender helped me!! Thanks a million to Jake for lending me the funds I requested and the team at Solo that put out one of the best lending apps I have found!!! HIGHLY RECOMMENDED ♥️

From an investors standpoint, this app has great potential, but does little to protect lenders from losing money. I’ve lent over $16,000 to more than 60 individuals and found that most people on this platform pay their loans back late, with many not paying back at all. I found that most of the loans I funded rolled over, giving the borrower an extra 14 days to pay back their debts. I don’t think borrowers should be given an extra 14 days to pay off their debts, especially with all loan terms being 30 days or less. 7 extra days to pay back is enough in my opinion. If someone doesn’t pay back on time they should be over drafted like some auto payments do. If not overdraft, then they’re account should be charged daily until the funds are repaid. The collections process doesn’t seem to be effective at all. If your loan goes into collections, just consider it gone. I don’t imagine anyone paying back a less than $300 debt in collections, especially when borrowing from this app has no effect on their credit score. The solo scoring system is off. I noticed many people have high scores that have never borrowed money on this platform. Contacting support is also a pain. You can only communicate with them via email and they often take a week or more to respond. If they provided lenders with more payback protection, adjusted the collections process, fixed the scoring system, and added live phone call support, this app would be great.