SoLo Funds User Reviews

Customer Experience

Positive experience45.9% of reviews
Neutral4.8% of reviews
Negative experience49.3% of reviews

~ Based on 813 written reviews from the US App Store.

What users say

Is SoLo Funds Safe?

SoLo Funds: Lend & Borrow appears safe based on user ratings. AppsHunter Safety Score for SoLo Funds is 88/100.

This assessment is based on 39,806 user ratings, with an App Store average of 4.4/5.

Safety Analysis

85.0% of ratings point to a safe experience
2.0% of ratings suggest some concerns
13.1% of ratings point to a risky experience

~ Based on 39,806 App Store ratings for SoLo Funds.

Is SoLo Funds Legit?

SoLo Funds: Lend & Borrow appears to be a legitimate app. AppsHunter Legitimacy Score for SoLo Funds is 93/100.

Based on 93 of 100 points across 7 verification signals from App Store and developer data.

Top reviews

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

👎👎👎

Numberoneappp

10 of 10

Try something else this ain’t it

I only have one account because I don’t need 10 accounts but the app says the more accounts u link the more higher “credit” score u get so I started with a low number ask for a min amount to test the waters and nothing because of that score yet I looked and people who literally have late payments because the app allows you to check there history those people are getting 100’s of dollar loans I asked for 20 bucks paying back 30 and nothing because that lil score makes me look like you don’t pay bills so this app is for people with all kind of debt your basic worker who has 1 account this won’t work for you my score was a 46 or something like that and they keep pushing to add more accounts I feel this is a scam don’t waste your time
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Awesome platform

Great platform and will

Customer service

Having problems with this app for the past few days but someone by the name of CARL in the help desk was extremely helpful and very patience i do very much appreciate him

Unexpectedly Great

Not a review person. Needed a couple bucks for some stuff. This peer 2 peer lending is a great alternative to predatory cash advance apps. Got a loan fulfilled in like 3 mins

Love this app

When I tell you solo has been my life saver ! From unexpected bills to being late on bills solo has been my back up in times of need !

Not real

This app is not accurate or truthful. All the users are bots. There are no actual people in the community. I’ve put in request after request and nothing ever got picked up in a span of six months trying to use this app. After the 12th request that expired after the 3 days waiting period cus no one picked it up. But youre telling me that 60 people that requested $650 have alllll gotten the request funded meanwhile NO ONE can fund a 30$ request? The LIES this app tells. You just take peoples information and have them be lenders to pay out the bots. Then they don’t get the money back. So essentially they are just paying YOU SOLO to stay open while the LENDER loses out on money they won’t ever see again.
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Bots requesting loans

The app looked promising I mean you can help people out by giving out a loan while also making a little something for yourself with tips that people give you for helping them…
win win for everyone right? Boy was I wrong, I did a little research on a person that needed a loan, you can see their repayment history within their profile, so I felt comfortable enough to give it out to a person that needed it for lunch. They had been repaying the other people back that lent them. so I figured they would do me the same way. Well the day the loan was supposed to be repaid I noticed they offered me half the credit of my loan which I thought was a little suspicious considering the loan was due and not late until the next day. Long story short. I don’t think I will get my money back because they have bots pretending to be real people, & also they won’t let me take out a loan either, everytime I try to apply it says something went wrong. So now the app is completely useless to me!!! Trust me don’t waste your time on this bogus app…
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Loans

I don’t like that we got get points to get a loan

Do Not Lend

I currently have 4 loans that are all overdue by at least 275 days. This app seemingly does nothing to recover overdue loans

Good super emergency

It’s a good product, but it’s expensive with the fees and the tip for the person on this note please be ready to spend at least $30-$100 just in fees to borrow the money
The only reason I’m not a very big fan of it

Waste of time and money

Don't invest your money here you will surely lose and the credits they give you after taking a loss, you won't be able to withdraw they want you to use it to spend in their app to lose more money

Return on loans

Right now I have approximately 28 loans out and nearly 10 are late or very late. What is going on?? Maybe this site is a scam

Crosby E

I’m not satisfied with solo funds, you guys took forever to make a decision if you’ll honor the funding or not, especially when I stated that the money I’m borrowing is for emergency.

Carl

He was a very big help to me