{"id":3725,"date":"2023-05-25T22:12:26","date_gmt":"2023-05-25T22:12:26","guid":{"rendered":"https:\/\/www.godefy.com\/solo-funds-is-a-great-community-finance-app-for-borrowing-and-lending-money"},"modified":"2023-05-25T22:12:26","modified_gmt":"2023-05-25T22:12:26","slug":"solo-funds-is-a-great-community-finance-app-for-borrowing-and-lending-money","status":"publish","type":"post","link":"https:\/\/www.godefy.com\/solo-funds-is-a-great-community-finance-app-for-borrowing-and-lending-money\/","title":{"rendered":"SoLo Funds is a great community finance app for borrowing and lending money"},"content":{"rendered":"

During these challenging economic times, having quick access to cash is essential for unforeseen expenses and emergencies. SoLo Funds provides a community finance solution where borrowers and lenders can connect and work together toward achieving their financial goals. It’s an excellent option for those looking for short-term financial assistance. The process To be eligible, you must be at least 18 years old, a U.S. citizen or a permanent resident, and have an active bank account. SoLo Funds conducts a soft credit check that won’t negatively affect your credit score. The company evaluates your eligibility based on a unique in-app score that combines your credit score, bank account usage, past SoLo Fund repayment history, and more. Once approved, you can request a loan and get closer to receiving funds. Using the SoLo Funds marketplace, the app allows you to apply for short-term funding. You need to indicate the reason for needing funds and propose a repayment date, which can be up to 35 days. Additionally, you can donate to the SoLo Funds platform to help cover its operating expenses and offer a tip between 0% and 15%. The process is simple. Image: KnowTechie Although donating and tipping are optional, offering a tip may increase your chances of finding a lender. After submitting your request, you need to wait for a response from lenders, which can take a few minutes to three days. If your request isn’t funded within three days, it’ll automatically be canceled, and you’ll need to submit a new…SoLo Funds is a great community finance app for borrowing and lending money<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

During these challenging economic times, having quick access to cash is essential for unforeseen expenses and emergencies. SoLo Funds provides a community finance solution where borrowers and lenders can connect… <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[29,606,300,2841,2842,1552,114,2845,166,2844,433,2843,12,295],"_links":{"self":[{"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/posts\/3725"}],"collection":[{"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/comments?post=3725"}],"version-history":[{"count":0,"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/posts\/3725\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/media?parent=3725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/categories?post=3725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/tags?post=3725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}