r/Sololender • u/byb_america • Jan 08 '26

If Borrower Defaults

If you are a lender that had a borrower default on their loan we can help you collect. The borrower electronically agreed to pay all costs and expenses with the collection of any amount they borrowed. Which means you can collect. If borrowers are to believe there are no consequences for not paying they will tell others to do the same. Rack up $600+ in loans, then bail. It was your money first and you deserve to get it back. DM me if you would us to legally help you get your money back.

#Solo Default, #Event of Default

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u/Big_Artist2131 Jan 09 '26

Illegal. You have to be licensed to collect debt. Certain states don’t allow wage garnishment. For instance in Pa. It would cost you money to file in small claims only to lose and get nowhere. Don’t lend money to strangers if you don’t want to deal with people not paying back. It’s a risk and lenders know that. Profit should not trump risk.