5stars!
Awesome! Super fast funding! Less than 5 mins and someone had funded my request and with in 20 mins the funds were in my wallet! Thanks!
MissD
Thank you so much an
Absolute scam/ Ponzi scheme
I started using solo funds and Everything was great. Then slowly the loans start getting more delinquent and repayments got later and later. Now, I’m sitting with 10 delinquent loans to the tune of $3500 with no communication from solo funds. The oldest one is 350 days outstanding as of today. All of the people I loaned money to had high rated scores and still I have so many delinquent loans either this is a scam or an algorithm that can control when you have delinquent loans versus repaid loans. This is definitely a Ponzi scheme. It is too bad because it was a fun app in the beginning.
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Great if you are in a bind
I’ve borrowed and repaid 12 loans with solo. The initial fund of 100$ takes a little while to get someone to agree to because you don’t have any history of repaying the loans but once you get established you usually get funded instantly. The fees are a little high. They call it “tipping” the lender but I see it as interest on a loan which is fine. But then you also have to make a solo donation which is also another 20$. Like I said, if you are in a bind it is the simplest way to get some money. The only thing I don’t like is that when you loan is funded, say you get 250$ then you want to transfer it to your bank, it then charges you a little to transfer it so you may only get 243$ after everything. Then the payback amount would be around 305$.
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Don’t
👎👎👎
