What is a Solo score? How can I check the credibility of a borrower?
The SoLo score is a users Social Credit Score. We complete due diligence on our end to satisfy Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements. We internally analyze financial information to predict a borrower's ability to repay loans in a timely manner.
The higher the SoLo score the more credit worthy the borrower is. They have likely taken out a few loans in SoLo and have successfully repaid their loans on time.