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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. Payactiv: Which Works When Your Employer Isn’t in the Picture
Quick Take Payactiv is an earned wage access platform that requires employer enrollment. Eligible employees can access a portion of their earned wages before payday through a participating employer. SoLo Funds is a peer-to-peer lending marketplace with no employer requirement. Members may request…
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July 17, 2026
SoLo Funds vs. SoFi: Short-Term Cash or Long-Term Personal Finance?
Quick Take SoFi is a full-service financial platform offering personal loans starting at $5,000, banking, investing, and student loan refinancing. It is built for members with established credit profiles and longer-term financial needs. SoLo Funds is a peer-to-peer lending marketplace for…
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July 17, 2026
SoLo Funds vs. Overdraft Fees: The Cost of Going Negative
Quick Take Overdraft fees vary widely. Some large banks now charge $5 to $10 or nothing, while others still charge $30 or more per item. One low balance can trigger several overdraft fees in a single day. A SoLo Funds request carries one set of member-chosen terms. SoLo Funds members request $20 to…
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July 16, 2026
Cash Advance Apps That Do Not Require Direct Deposit: Where SoLo Funds Fits
Quick Take Most cash advance apps qualify people by watching for recurring paycheck deposits, which locks out gig workers, tipped workers, and anyone paid irregularly. SoLo Funds does not require an employer direct deposit. Members link a bank account, complete verification, and post a request for…
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July 16, 2026
SoLo Funds vs. Payday Alternative Loans: Credit Union PALs Compared
Quick Take Payday Alternative Loans (PALs) come from federal credit unions: $200 to $1,000, one to six month terms, and an APR capped at 28%. SoLo Funds requests run $20 to $650 with repayment in up to 35 days. Tips are voluntary and set by the member requesting funds. PALs usually require existing…
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July 16, 2026
SoLo Funds vs. Vola: Subscription Advance or Member-Set Terms
Quick Take Vola offers cash advances up to $300 with a monthly membership that ranges from about $2.99 to $28.99. SoLo Funds members request $20 to $650 with no subscription. Tips are voluntary and set by the member requesting funds. Vola advances come from the company. SoLo Funds requests are…
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July 16, 2026
SoLo Funds vs. Payday Loans: What Borrowers Actually Pay
Quick Take Payday lenders set the fee and the due date. On SoLo Funds, the member requesting funds sets the amount, the repayment date, and any tip. SoLo Funds requests run $20 to $650 with up to 35 days to repay. Payday loans are usually due in full on your next payday. Payday fees can […]
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July 16, 2026
Is SoLo Funds Legit? A Straight Answer for First-Time Borrowers
Quick Take SoLo Funds is a peer-to-peer lending marketplace founded in 2018 and certified as a B Corporation. Members fund each other’s requests. Members request $20 to $650 and repay in up to 35 days on a date they choose. Tips are voluntary and set by the member requesting funds. SoLo uses a bank…
Inside SoLo
July 16, 2026
SoLo Funds vs. Afterpay: Emergency Cash vs. Buy Now, Pay Later
Quick Take Afterpay is a buy now, pay later product for retail purchases. SoLo Funds is a peer-to-peer lending marketplace for cash. If you need money for rent, utilities, or a car repair, Afterpay cannot help. SoLo can fund up to $650 directly to your account. Tips on SoLo are voluntary. Afterpay…
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July 16, 2026
As Affordability Crisis Worsens, New Data From The “2026 Cash Poor Report” Shows Nearly Half Of Americans Can’t Pay A $1,000 Emergency Expense
As Affordability Crisis Worsens, New Data From The “2026 Cash Poor Report” Shows Nearly Half Of Americans Can’t Pay A $1,000 Emergency Expense Findings Highlight How Households Living Paycheck to Paycheck Are Expanding Beyond Traditional Income Lines As Financial Pressures Intensify Los Angeles,…
Research and Reports
June 23, 2026
Borrow Money with No Credit Check: What You Should Know
What “No Credit Check” Actually Means When a lender offers money with no credit check, they’re saying they won’t pull your credit report before giving you a loan. Most banks and credit card companies do this to decide if you’re “low risk.” If you have bad credit or none at all, this usually means…
Borrowing on SoLo
June 5, 2026
SoLo Play and SoLo Rewards Explained
Quick Take SoLo Play is an in-app feature that lets SoLo members earn SoLo Credits by playing mobile games and completing gameplay milestones. SoLo Play is available through the SoLo Rewards tab in the app and can be launched from the Rewards Hub. SoLo Play is one part of the broader SoLo Rewards…
Inside SoLo
May 20, 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.