SoLo Funds
Depends
Confidence: Medium
Use it only as a last-resort small-dollar advance if banks and credit unions have turned you down . average cost is 17% plus a 10.4% average tip.
New check
Comparison
SoLo Funds vs Kiva
Kiva
Starting report…
Pick SoLo Funds when
- Borrowers denied by banks needing small cash fast
- Sub-prime borrowers without credit cards
- Small, short-term advances only
When SoLo Funds is not a fit
- Lenders expecting reliable returns . Reddit reports defaults
- Anyone who can get a credit card or credit-union loan
- People needing large or long-term credit
- Residents of states where it's unavailable (e.g. PA)
Sources
- SoLo Funds pricing pagesolofunds.comofficial
- SoLo Funds Trustpilot pagetrustpilot.comreview
- Company-cited Trustpilot blog postsolofunds.comofficial
- BBB complaints . SoLo Fundsbbb.orgreview
- Maryland enforcement case (CFR-FY2023-13)labor.maryland.govnews
- r/Sololender . lender experiencesreddit.comreview
- r/Sololender . Is Solo even worth it?reddit.comreview
- Investor Guarantee analysistpinsights.comnews
- SoLo Funds revenue milestonemorningstar.comnews
- SoLo Funds B Corp profilebcorporation.netofficial
- reddit.comreddit.comreview