SoLo Funds

            What happens after Collections?

            Effective 11/05/2019

            Our Collections Partner attempts to recover your funds for up to 4 years via phone calls and letters sent to the Borrower’s home. The loan is considered defaulted after 60 days, at which point the Borrower may be reported to the credit bureaus with a derogatory mark, which could negatively affect their credit score for 7 years. 

            The Borrower will also be banned from using SoLo until the debt is paid in full. If you have any further questions about the collections process, please reach out to SoLo support at help@solofunds.com

            Updated: 05 Nov 2019 03:17 AM
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