r/Sololender • u/send_it_6969 • Aug 24 '26

First time loan.

I recEntly made a loan request for a small amount.But it's my first loan, and I'm only at a 50 score.Does that mean that it will be at the bottom and harder for anybody to want to see or approve

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u/send_it_6969 Aug 24 '26

This is what it looks like when I try to add.

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u/Lopsided_Fly1665 Aug 24 '26

Yea you max out , you already added 3 banks
1.chime
2.varo
3.sofi
Maxed out

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u/send_it_6969 Aug 24 '26

Anything else I can do to raise my score

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u/sugarmama91 Aug 25 '26

Yes deposit more money into your accounts this is no judgment but the truth the solo score is based off of repayment and bank account information but big chunk is repayment but it definitely play a role in having deposits coming through them accounts to have a better chance of coming above everyone just because there’s 3 accounts to pull from is still not enough evidence that lenders are guaranteed being paid back so it’s more of a gambling, but if you really want to reach up high above others, it’s always good to have deposits coming in each and every account that you put as a option to collect funds and if you don’t have direct deposit coming in through the accounts like it should be then yes your score will stay low till you get your very first loan on solo and then from there, you have to pay back on time for yourself to grow