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Real stories. Smarter money.

News, guides, and the occasional hot take on borrowing, lending, and banking on your own terms.

The New SoLo Is Here: What Changes in Version 4
Version 4 of SoLo is here: a new look on phone and web, IQ guiding your loan request, your lending strategy up front, and everything in your account carried over.
Company News
October 22, 2026
Featured Posts
The New SoLo Is Here: What Changes in Version 4
Version 4 of SoLo is here: a new look on phone and web, IQ guiding your loan request, your lending strategy up front, and everything in your account carried over.
Company News
October 22, 2026
SoLo Funds vs. Oportun: Short-Term Cash or a Long Installment Loan?
Quick Take SoLo connects borrowers with real lenders for loans from $20 to $650, repaid within 35 days. Oportun offers installment loans from $300 to $10,000 over 12 to 48 months. Tips on SoLo are voluntary and set by the member requesting funds. No mandatory interest charges apply.…
Compare
July 17, 2026
5 Ways Millennials are Saving Money
The picture that’s painted of millennials is often one of a generation that is going to have a hard go of it financially. Young people who fall into this category are famously mistrustful of big banks and stock markets, having grown up on corruption and crashes. Additionally, now that millennials…
Financial Education
June 11, 2020
Recent Posts
SoLo Funds vs. CashNetUSA: Direct Payday Lender or Peer-to-Peer Marketplace?
Quick Take CashNetUSA is a direct online lender offering payday loans, installment loans, and lines of credit. Costs vary by lender and state. APRs can be very high in many states. SoLo Funds is a peer-to-peer lending platform. Members post a request from $20 to $650 with a repayment date up to 35…
Compare
July 17, 2026
SoLo Funds and Financial Inclusion: Borrowing Without the Credit Score Gate
Quick Take Financial inclusion refers to ensuring that all people have access to useful and affordable financial products and services. In the United States, millions of people remain underserved or excluded from traditional financial systems. SoLo Funds is a peer-to-peer lending marketplace…
Research and Reports
July 17, 2026
APR vs. TCR: Why the 50-Year-Old Borrowing Metric Doesn’t Tell You the Real Cost
If you’ve ever taken out a loan, applied for a credit card, or downloaded a cash advance app, you’ve seen those three letters: APR. It stands for Annual Percentage Rate, and for decades, it has been the standard way to measure and compare the cost of borrowing money. Federal law requires lenders to…
SoLo Score and Cost of Credit
July 17, 2026
SoLo Funds for Seniors on Fixed Income
Quick Take Seniors on Social Security, pension income, or other fixed sources often face cash flow gaps when bills and expenses arrive before the next benefit payment date. SoLo Funds is a peer-to-peer lending marketplace that does not require traditional employment, a credit check, or a direct…
Work & Cash
July 17, 2026
SoLo Funds for Teachers: Bridging the Gap on a Teacher’s Budget
Quick Take Teachers are among the most financially stretched professionals in the country. Many spend hundreds of dollars of their own money on classroom supplies each year alongside modest salaries and inconsistent summer pay. SoLo Funds offers member-funded short-term borrowing up to $650 with…
Work & Cash
July 17, 2026
SoLo Funds for Remote Workers: When Your Income Is Digital but Your Bills Are Not
Quick Take Remote workers, including fully distributed employees, contractors, and freelancers working digitally, often face payment delays, multi-source income, and cash flow gaps that traditional advance apps do not accommodate. SoLo Funds does not require employer verification, a single direct…
Work & Cash
July 17, 2026
SoLo Funds Repayment Guide: What to Expect and How to Stay on Track
Quick Take SoLo loans are repaid on the date borrower sets when posting the request. Repayment includes the original principal plus the voluntary tip the borrower offered. Repaying on time builds your SoLo Score. Repaying early is possible and signals strong reliability to lenders for future…
Borrowing on SoLo
July 17, 2026
Best Cash Advance Apps of 2026 and How SoLo Funds Compares
Quick Take The cash advance app market has grown significantly, but most apps use the same core model: direct lending with a subscription fee or a paycheck-based advance. SoLo Funds is the only major peer-to-peer lending marketplace in this category. Members fund each other, not a company…
Compare
July 17, 2026
How SoLo Funds Makes Money and Why It Matters for Members
Quick Take SoLo Funds charges a platform fee disclosed in the app when a borrower submits a loan request. This fee is how SoLo generates revenue. Tips paid by borrowers go directly to the lender who funded the request, not to SoLo. SoLo does not charge interest on loans and does not require a…
Inside SoLo
July 17, 2026
What Happens to Your SoLo Score Over Time
Quick Take The SoLo Score is an internal trust metric ranging from 0 to 99. It reflects your behavior on the SoLo platform, not your FICO score or credit history. On-time repayments build the score. Missed or late payments reduce it. Consistent, reliable behavior over multiple loan cycles is what…
SoLo Score and Cost of Credit
July 17, 2026
Borrowing Money From Friends vs Using SoLo Funds
Quick Take Borrowing money from friends or family is often the first instinct in a financial emergency. It is free of fees and interest but carries real relationship risk when repayment is delayed or unclear. SoLo Funds provides member-funded short-term borrowing up to $650 from real people who…
Compare
July 17, 2026
SoLo Funds vs. Gerald: Two Zero-Fee Approaches to Short-Term Cash
Quick Take Gerald is a cash advance app that charges no subscription fees and no interest. Advances are unlocked after using Gerald’s Buy Now Pay Later feature for a purchase first. SoLo Funds is a peer-to-peer lending marketplace where members may request loans up to $650 funded by real…
Compare
July 17, 2026
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SoLo Funds, Inc., a Certified Public Benefit Corporation, is a financial technology company, not an FDIC insured depository institution. Banking services provided by Bangor Savings Bank, Member FDIC. The SoLo Mastercard® Debit Card is issued by Bangor Savings Bank, Member FDIC, pursuant to license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circle design is a trademark of Mastercard International Incorporated. Spend anywhere Mastercard is accepted.

Lending through SoLo involves risk, including the risk of borrower default and loss of principal. Lender returns are not guaranteed, are not insured by the FDIC or any federal agency, and are not bank deposits. Historical performance figures reflect platform-wide averages and do not predict future results. Individual results vary.

All loan requests are subject to verification, lender proposal, and the requestor's final acceptance. Tips and donations are voluntary.

© 2026 SoLo Funds Inc.