SoLo Funds

            What happens if the borrower is late paying back?

            SoLo gives borrowers the option to opt into the Rollover process if they can’t afford to repay the loan on the originally scheduled repayment date. If the borrower does not opt into the Rollover process and still fails to repay, that is considered a defaulted loan. The lender has the option to send the debt to collections.
            Updated: 20 Sep 2018 12:19 PM
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