How do I contact SoLo Funds?
If you believe your Account information has been compromised, or that someone has transferred or may transfer money from your account without your permission, contact us immediately, through Synapse, at [email protected] or call at +1(415) 688-2943.
How long does it take to get funds from SoLo?
Funding Loans and Payback
It takes a few days to fund each loan and once it is funded it appears on a separate page displaying all of your currently funded loans. The payback period for loans is generally 30 days or less, and it takes another week for the lender to receive the funds.
How much money can you make on SoLo Funds?
In exchange for taking on the risk, lenders can earn tips of up to 12% of the original loan value, with the exact amount being set by borrowers in advance. Loans can be as small as $50 and can range up to $500, but SoLo doesn't let new borrowers request whatever they want.
How does a SoLo fund work?
Solo is a platform where our members can request and fund loans for emergency needs. Something that makes us unique is that members choose the duration of their loan, relay why they want capital, and decide how much (if any) repayment tip they'll add to show their appreciation to the lender, within guardrails.
Can you make money on SoLo Funds?
In exchange for taking on the risk, lenders can earn tips of up to 12% of the original loan value, with the exact amount being set by borrowers in advance. Loans can be as small as $50 and can range up to $500, but SoLo doesn't let new borrowers request whatever they want.
How long does it take to get money from SoLo?
It takes a few days to fund each loan and once it is funded it appears on a separate page displaying all of your currently funded loans. The payback period for loans is generally 30 days or less, and it takes another week for the lender to receive the funds.
Is SoLo app legit?
SoLo Funds reviews and complaints
SoLo Funds has a handful of negative reviews and complaints on the Better Business Bureau (BBB). Many are from people who invested in SoLo Funds loans and didn't get paid back. A few borrowers also say they had a hard time repaying the loan due to technical issues or an emergency.
How much can you borrow with SoLo?
Online lending platform SoLo Funds relaunches Wednesday and opens money spigot on interest-free peer-to-peer microloans for cash-strapped Americans. It uses new model for peer-to-peer lending. It will provide microloans of between $50 and $1,000, with terms set by the borrower.
Does SoLo Funds report to credit bureaus?
Credit bureaus to report repayment status of loans made through the Platform, as permitted by law. Government officials, including law enforcement, when we are subject to an inquiry, information request, subpoena, court order or similar legal procedure, or we need to do so to comply with law.
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