A Predator Worse than Legalized Loan Shark Payday Lenders?
SoLo Funds Offers Loans at Rates in Excess of 1000%!
2 min readDec 20, 2021
A new report offers alarming details about a new competitor in the payday predator market. It appears SoLo Funds is offering peer-to-peer or “community” lending with rates in excess of 1000%. This would make the loans more than double the cost of payday loans — which can carry interest rates of up to 460%.
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