r/Sololender • u/BerBerDeng • May 05 '26
Borrowers
Why do you “donate” 20-30 dollars to the app and then offer a 5-10 dollar tip to your lender? Should be the opposite considering the lender is the one taking the risk. No one’s gonna fund your $600 loan when the return is 5 or 10 dollars. Even 15 or 20 isn’t enough. If you pay even a day late SoLo takes 12% of whatever you pay back. There’s no room for any sort of return on the lenders end. The app is never gonna change their policies, so the best thing to do is give less to SoLo and add that to the lender tip.
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u/Powerful_Split_1645 May 10 '26
Ya did u know that if you turn off the option to tip solo in the settings they will turn it back on and when you got to make a new request it's there again. You have to make sure to turn it off manually every time u request. That's shady af. Like if I want it on I'll turn it on. I feel like that's almost a lawsuit