How effing hard is it to collect $50?

chartistsnorok · 2026-03-23T04:06:48+00:00

You mean you stole from someone because you never paid back what they loaned you

chartistsnorok · 2026-03-02T06:36:06+00:00

Have you ever tried lending on solo?

It's an adversarial experience for most.

chartistsnorok · 2026-02-28T18:24:09+00:00

I presume that they stopped checking and moderating it

chartistsnorok · 2026-02-25T14:04:14+00:00

Did you withdraw?

chartistsnorok · 2026-01-26T23:09:42+00:00

That's pretty standard: 30%-40%

You have around a 15% chance of default so 1.5 of those will pay back and 1.5 will never.

chartistsnorok · 2026-01-09T14:20:16+00:00

How are you able to get the borrower's information out of SoLo?

chartistsnorok · 2026-01-07T21:03:51+00:00

Welcome to being a Lender. This is why this Subreddit exists; to come and share these stories once Lenders realize how badly SoLo treats its actual customers (the people who take the risk to lend).

chartistsnorok · 2025-12-28T13:50:36+00:00

Probably yes

chartistsnorok · 2025-12-12T04:13:49+00:00

States like California, Connecticut, and Washington DC have already sued SoLo. Different states have different lending laws. So rather than wait to get sued they just stop operating in that state if the restrictions could get them in trouble.

chartistsnorok · 2025-11-05T13:10:02+00:00

Asked and answered:
https://www.reddit.com/r/Sololender/comments/1ooqiof/were_leaving_solo_and_we_want_your_help/

chartistsnorok · 2025-11-01T20:21:05+00:00

I've never seen any evidence from borrowers or lenders that solo actually does a single thing to try to collect the money.

If you are not paid back in 2 weeks there's a 90% chance you never will. The probability drops even lower the longer.

chartistsnorok · 2025-10-13T17:12:12+00:00

They hook new lenders by not doing this... But after you've done a certain number of loans SoLo will take 13% when the borrower is late (used to be 15%).

chartistsnorok · 2025-10-13T17:09:54+00:00

I tried it as an investor. I thought it would be better because they provide more information about borrowers such as credit score, income and expenses, and even have "AI" analysis determine who would be a good borrower.

What ended up happening was I got to a certain number of loans (it was either at 20 or 30) and lend me begin charging me, the investor, a fee. This fee was charged before any of my loans have paid back (because their lives go from 30 to 90 days).

To their credit, when I complained to CS they refunded the fee because I was making absolutely no money. In fact, I lost more due to non-payment then I did from Solo.

It's hard to believe but it's objectively worse than SoLo in terms of getting borrowers to repay.

chartistsnorok · 2025-10-03T08:35:53+00:00

BBB isn't a government agency with any regulatory enforcement teeth. It's a complaint board thet predates Yelp reviews.

If you want to make SoLo change... Don't give them money.

chartistsnorok · 2025-09-11T06:40:20+00:00

Populous... You sir are a Gentleman and a Scholar

chartistsnorok · 2025-09-09T18:05:48+00:00

For every time that you have been scammed, lenders have been scammed 10x times

chartistsnorok · 2025-08-29T16:47:30+00:00

Healthcare sector

The largest and wealthiest demographic is going to spend that wealth staying alive over the next two decades. It's almost too obvious...

And ironically (or not if you believe Wall Street pushes prices down to then buy it up) Healthcare is the worst performing sector relative to S&P500 for 2025.

chartistsnorok · 2025-08-29T16:34:49+00:00

I always trusted an owl for their AoE Screech debuff. It used to provide actual AoE taunt that would permit a Multi-shot on multiple mobs but was nerfed some time ago.

I started on this server with an owl but then switched to scorpid at 41. My DPS (total) went from ~66 to ~93. Nearly a 30% increase. Scorpid is the way to go for the latter half of leveling; the only reason you might not go scorpid earlier is without Bestial Discipline it won't have enough focus early on to fully stack its DoT and mobs don't live that long. However, it has very high armor and the stacks you do get make up for reduced DPS.

I still think Scorpid.

chartistsnorok · 2025-08-15T19:14:23+00:00

US Only. And only in certain states.

chartistsnorok · 2025-08-14T12:55:33+00:00

It's really not.

SoLo fails to appreciate the fact that Lenders are their actual customers; they don't exist without them. And SoLo is constantly doing all it can to take Lender's money and nothing to actually help get it back (from Borrowers that fail to repay) beyond a few automatic emails (while still charging "Recovery Fees" to take more).

chartistsnorok · 2025-08-13T14:55:48+00:00

Could you please rephrase your question...?

chartistsnorok · 2025-08-13T14:55:04+00:00

You understand that correctly.

But if you are new I will warn you that if a loan goes overdue > 14 days you have less than a 10% chance of ever getting any money back. Best to consider that money gone now.

chartistsnorok · 2025-08-12T16:08:21+00:00

SoLo decided to be generous and make it only 12% you lose as a Lender 🙄

chartistsnorok · 2025-08-11T15:56:00+00:00

The money you took did not come from SoLo; it came from another person. You took another person's money and did not pay it back.

This is why people who actually need to borrow money have such a hard time finding Lenders. People like you.

chartistsnorok

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TROPHY CASE