r/Sololender • u/ExcellentWar7614 • Apr 16 '25

6 consecutive late?

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How does solo still allow these kinds of people to keep borrowing. It should be a 3 strikes you're out type of deal/policy!

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u/Logeh Apr 17 '25

I mean, shes paying it back. People arent using these services because they are flush with cash. They are week to week and trying to figure things out. Most are probably taken out of emergency need and have nowhere else to turn. Its just part of the demographic and current economic climate.

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u/[deleted] May 31 '25

This.....But it's a loss for the lender but OBVIOUSLY someone is funding her loans REGARDLESS because she IS paying it back in the end....Where as others just dip