There are a lot of PROS and CONS I feel… There are a lot of PROS and CONS I feel it's a great app for lending money as well as getting loans, I personally have given over 80 loans to date and feel that the number of people who pay them back are pretty reasonable. That said, If a borrower is late (even by 1 hour), you as a lender forfeit any profits on that loan, and the profits you would have gotten go to solo. So where I used to take chance on people with low scores, I don't any more, until they change this policy back and stop penalizing lendors for borrowers being late. Of my 80 loans, I have only had 1 or 2 default completely so I do believe the app has good potential, but there has to be a better way to run it. By the way thank you everyone that uses the app and pays on time. I hope they can fix this problem, I enjoy helping out, but don't like losing money.

Where’s is the class action lawsuit at? It’s been almost a year since I used the app and so far lost $5k and their laughable recovery team stopped answering my emails about where my money is. It doesn’t matter because all they do is text the borrowers so if they blocked them then that is it, they get away with stealing money from people who wanted to help them.

Solo was fantastic at first then... Solo was fantastic at first, I tried borrowing funds, the process was seemless and fast. From requesting on the marketplace, to the truth in lending disclosure. Everything was on point and perfect. Then I went on to lending, the first loans I made, went mostly as planned the individuals were on time as they paid same day as the loan was due after having debit card issues in the am. Then we get onto the second round of loans I made to individuals. The loan distribution process was seemless, on to due day, not a single one of 3 individuals paid their loans, apparently the visa debit processing was down so this was understandable, at least I thought, the next day rolls by and 1 loan defaults and I get paid from the insurance I opted for which Pays less than the overall principle. Fine one of three right, well then the 2nd defaults and the 3rd pays on time according to the revised schedule due to the visa payment issue cool I think. Because it so happens to be a time I need the funds, approx $150. Well 90 is in credits due to insurance payments so I have to loan that out and get successful payments to withdraw my money fine. I went too loan out to someone and lone behold my account is on hold / blocked and I can't withdraw my $60 nor can I loan anyone. Now this is back in mid May, fast forward to now July 1st, and guess what the issue still is not resolved by support which as of early June had to involve engineering to fix this issue... over 45 emails have been exchanged due to a lack of phone support and most of the emails is me begging for an update. Seriously everyone, solo is great, if u never ever need support, if you find yourself needing support, might as well quit using the app, the support is horrendous, uneducated, scripted, non-personal, and, quite frankly ill-equipped to assist a customer.

I lent 2 loans and 1 didn't repay I lent 2 loans and 1 didn't repay! Don't do it.

Not for everybody like they say It's crazy that they frame themselves as this all inclusive, leave nobody out, everyone gets a chance type of platform. when it all comes down to it, they are nothing but another elitist, discriminatory, pseudo-helpful platform that's obviously only built for one type of demographic which is white people with slight money issues. I signed up went through the whole retreation process only get told that I'm not eligible because of their third parties who look into whatever they look into.