Quick Take SoLo Funds does not require a traditional credit history to borrow, which may make it accessible to single parents who have experienced credit disruptions or gaps. Members may request loans up to $650 to cover short-term gaps. Funding depends on lender acceptance and is not guaranteed.…
Quick Take
Good to Know
Single parenting is one of the most financially demanding situations a person can face. One income. Full expenses. No margin for error when an unexpected bill, a school supply deadline, or a car repair lands at the wrong moment. The financial tools designed for two-income households rarely fit. Traditional lenders want credit scores that may have taken hits during separation or tough years. Subscription apps add monthly fees to a budget that is already tight.
SoLo Funds operates on a different model, one where real lenders, not a credit algorithm, decides whether to back you.
Many single parents find themselves in a frustrating middle ground: income exists, but it is unpredictable. Expenses are real, but they do not align neatly with pay cycles. Credit histories may have gaps from periods of financial stress, divorce proceedings, or simply years of prioritizing household bills over credit card payments.
Traditional lenders look at credit scores first. If the score does not meet a threshold, the application ends there, regardless of the applicant’s actual ability and commitment to repay a small, short-term loan. SoLo approaches the question differently. Your track record on SoLo is what matters. Not what happened five years ago, but how you handle your obligations on SoLo today.
SoLo Funds is a peer-to-peer lending marketplace. Single parents who join can post loan requests for up to $650, set their own repayment date of up to 15 days, and offer an optional tip to the member who funds their request. The tip goes directly to the lender, not to SoLo, and can be set as low as the member chooses.
New members start with a $100 limit. The SoLo Score is an internal trust metric that may grow with each successful repayment. As the score builds, the amount a member may request can increase. It is not a FICO score, and no specific outcome, including funding or higher limits, is guaranteed. Outcomes depend on lender decisions and individual repayment behavior.
Short-term gaps that SoLo’s marketplace is designed for include situations like:
SoLo is not designed for long-term financial hardship or ongoing income replacement. It is designed for the gap, the short, defined window between when a bill is due and when the money arrives. Single parents who face this type of gap repeatedly may benefit from building a SoLo profile over time, so that each request is backed by a growing track record of reliability.
Apps like Brigit, Cleo, and Albert require monthly subscription fees to access their core advance features. For a single parent managing a tight budget, a recurring monthly fee adds up, and applies every month whether you use the advance or not.
SoLo has no mandatory subscription. The only cost associated with borrowing is the platform fee disclosed in the app and the voluntary tip, which the borrower sets and which goes directly to the lender. There is no monthly charge simply for having an account.
The single parents who benefit most from SoLo are often the ones who approach it proactively rather than reactively. Starting with a small first request, even when the need is not urgent, and repaying on time builds the kind of SoLo Score that makes future funding more likely. By the time a genuine emergency arises, a member with a strong score and repayment history presents as a trustworthy borrower to lenders in the marketplace.
For actionable steps on building your profile before you need it, see our guide on how to get funded faster on SoLo and the first loan request walkthrough.
Single parents in stronger financial positions, those with stable income and some idle savings, may also consider the lending side of SoLo. By funding other members’ requests, lenders may earn back their principal plus the voluntary tip. Returns are not guaranteed and the loan amount may be lost. Never lend money you cannot afford to lose.
For single parents with even a small amount set aside, lending on SoLo may offer a way to put that money to work for other members while potentially earning a return between pay cycles. For a full explanation of how lending works, see our lender guide.
SoLo FAQ: How does borrowing work?
SoLo FAQ: What is the SoLo Score?
SoLo FAQ: What is a tip on SoLo Funds?
No credit score required. No subscription. Member-funded and built for real life. Download SoLo Funds today.
Download SoLo Funds in the App Store
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